Question: [25 Marks] Assignment 2 Question 2 The table below contains extracts from the financial statements of Aegean Travel Agency for the periods 2018 and 2019.

 [25 Marks] Assignment 2 Question 2 The table below contains extracts

[25 Marks] Assignment 2 Question 2 The table below contains extracts from the financial statements of Aegean Travel Agency for the periods 2018 and 2019. Extracts from financial statements for 2018 and 2019 2018 2019 N$ N$ 525 000 268 000 85 000 Gross profit Operating expenses Sales expenses General and administrative expenses Depreciation 150 000 33 000 Total non-current assets 1 320 000 1 455 000 Current assets 480 000 475 000 145 000 195 000 Inventory Trade and other receivables 185 000 220 000 Cash and cash equivalents 100 000 110 000 134 000 Current liabilities Trade and other payables Accruals 75 000 152 000 88 000 64 000 59 000 . Note: The tax rate is 30%. Required: Use the information provided to calculate Aegean's operating cash flow and free cash flow for 2019. Show all formulas and calculations. (25)

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