Question 1 SOFP extracts for a business can be found below: SOFP Claims (in m) Equity Share Capital Retained Profits 30/06/2020 30/06/2019 300 100 125 25 Non-Current Liabilities Borrowings 180 300 Current Liabilities Trade Payables 90 58 Bank Overdraft 120 100 Taxation 25 40 (a) Calculate the net cash from financing activities for this business for the year ended 30/06/2020. If the net cash amount is positive, put a (+) in front of your figure. If the net amount is negative, put a (-) in front of your figure. (b) Compute the gearing ratio for the year ending 30th June 2020 (using year-end figures). (3 marks) (2 marks)