Question: During the year to 31 July 20X7 Smartypants made a profit of $37,500 after accounting for depreciation of $2,500. During the year non?current assets were

During the year to 31 July 20X7 Smartypants made a profit of $37,500 after accounting for depreciation of $2,500. During the year non?current assets were purchased for $16,000, receivables increased by $2,000, inventories decreased by $3,600 and trade payables increased by $700. What was the increase in cash and bank balances during the year? Review Later $21,300 $30,300 $24,900 $26,300

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