A comparison of the current assets and current liabilities of Duo Ltd for the years ended 30
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Question:
A comparison of the current assets and current liabilities of Duo Ltd for the years ended 30 June 2017 and 30 June 2018 revealed:
Duo Ltd | 30 June 2009 | 30 June 2010 | ||
Current Assets | ||||
Accounts Receivable | 49,000 | 36,000 | ||
Allowance for Doubtful Debts | - 5,000 | 44,000 | - 5,000 | 31,000 |
Inventory | 24,000 | 27,000 | ||
Interest Receivable Accrued | 1,800 | 1,500 | ||
Prepayments | 900 | 1,300 | ||
Current Liabilities | ||||
Accounts Payable | 34,000 | 32,000 | ||
Dividends Payable | 25,000 | 30,000 | ||
Current Tax Payable | 3,800 | 5,000 | ||
Rent received in Advance | 2,700 | 4,100 | ||
Accruals | 1,000 | 400 |
Additional information
Operating profit after taxation is $104,000.
This figure includes:
Depreciation expense $17,000
Loss on sale of plant $25,000
Task 3
- Determine the cash flow from operating activities for the year ended 30 June 2018.
Related Book For
Financial Accounting for Decision Makers
ISBN: 978-0273763451
6th Edition
Authors: Peter Atrill, Eddie McLaney
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