Reference no: EM133099775
Question - The following information has been extracted from the financial records of Lulu Limited for the year ended 31 May 2020:
R
Cash flows from operating activities 720,000
Cash flows from operating activities (1,260,000)
Additions to plant and equipment (1,260,000)
Cash flows from financing activities 600,000
Proceeds from shares issued 600,000
Required -
1. Calculate the cash balance as at 31 May 2020 if the cash balance on 31 May 2019 was R200,000 (favourable).
2. Analyse the cash flows of the company.