A company made a profit for the year of €18,750, after accounting for depreciation of €1,250. During the year, non-current assets were purchased for £8,000 in cash, receivables increased by £1,000, inventory decreased by €1,800 and payables increased by 350  Calculate The increase in cash during the year.

Answer rating: 100% (QA)

To calculate the increase in cash during the year we need to consider all the cash inflows and outfl... View the full answer