The following items were extracted from the pro forma statement of financial position of Sumba stores as at 31 December 2023: 

Equity R1 140 000: 

accounts receivables R 660 000 

non - current assets R720 000: 

Inventories R450 000: and

accounts payable R540 000.

 The amount of external funding that is required is R240 000. 

How much is the cash balance expected to be?

Answer rating: 100% (QA)

Answer To find the cash balance we can use the accounting equation for the Statement of Financial Po... View the full answer