Axiomatic Ltd's statement of cash flows for last year is shown. Provide observations about how the...

  

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Axiomatic Ltd's statement of cash flows for last year is shown. Provide observations about how the company managed its cash during the year. Operating activities: AXIOMATIC LTD STATEMENT OF CASH FLOWS FOR LAST YEAR Net profit for the year Add back non-cash expenses: Depreciation expense Amortisation expense Bad debt expense Non-cash working capital changes: Increase in accounts receivable Increase in inventories Increase in accounts payable Cash generated by operations $ 216 800 14 200 38 900 (143 900) (71 600) 87 000 $ 94 900 269 900 (128 500) 236 300 Investing activities: Additions to noncurrent assets Proceeds on disposal of noncurrent assets Financing activities: Short-term bank loan Additions to noncurrent debt Repayments of noncurrent debt Share capital issued Dividends paid during the year Increase in cash for the year Cash, beginning of year Cash, end of year (429 100) 27 700 30 000 343 200 (316 000) 200 000 (40 000) (401 400) 217 200 52 100 (93 500) (41 400) Axiomatic Ltd's statement of cash flows for last year is shown. Provide observations about how the company managed its cash during the year. Operating activities: AXIOMATIC LTD STATEMENT OF CASH FLOWS FOR LAST YEAR Net profit for the year Add back non-cash expenses: Depreciation expense Amortisation expense Bad debt expense Non-cash working capital changes: Increase in accounts receivable Increase in inventories Increase in accounts payable Cash generated by operations $ 216 800 14 200 38 900 (143 900) (71 600) 87 000 $ 94 900 269 900 (128 500) 236 300 Investing activities: Additions to noncurrent assets Proceeds on disposal of noncurrent assets Financing activities: Short-term bank loan Additions to noncurrent debt Repayments of noncurrent debt Share capital issued Dividends paid during the year Increase in cash for the year Cash, beginning of year Cash, end of year (429 100) 27 700 30 000 343 200 (316 000) 200 000 (40 000) (401 400) 217 200 52 100 (93 500) (41 400)

Answer rating: 100% (QA)

The statement of cash flows for Axiomatic Ltd for the last year indicates the cash inflows and outflows from the companys operating investing and fina... View the full answer