QUESTION $1$

$(20$ Marks$)$

REQUIRED

Study the information given below and answer the following questions:

$1\mathrm{.}1$ Calculate the net cash flow from financing activities. Also state whether it is a net cash inflow or net cash outflow.

$1\mathrm{.}2$ Calculate the amount that would appear as "Working capital changes" in the Statement

$(2$ marks$)$

of Cash Flows of Fiona Limited.

$1\mathrm{.}3$ Calculate the percentage increase in operating expenses over the two$-$year period and

$(4$ marks$)$

comment on your answer.

$1\mathrm{.}4$ Comment on the following items over the two$-$year period. $($No ratios are required.$)$

$(2$ marks$)$

$1\mathrm{.}4\mathrm{.}1$ Non$-$current assets

$1\mathrm{.}4\mathrm{.}2$ Inventories

$(4$ marks$)$

$1\mathrm{.}4\mathrm{.}3$ Accounts receivable

$(4$ marks$)$

$(4$ marks$)$

INFORMATION

The following information was obtained from the financial records of Fiona Limited:

$\backslash$table$[[$Fiona Limited$],[$Statement of Comprehensive Income for the year ended $31$ December:$],[,2023($R$),2022($R$)],[$Sales$,19000000,18000000],[$Cost of sales,$(10000000),(9800000)$