Question: 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:

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?

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