Reference no: EM132360610
QUESTION
The following is an extract from the financial statements of LaLaLand Ltd:
Extracts from Statement of financial position 2017 and 2018
2017 (2018)
Net non-current assets R 2 900 R3 400
Current assets R 650 R 705
Long-term debt R 1 500 R1 720
Current liabilities R 265 R 290
2017 Income statement
Sales R8 600
Costs R4 150
Depreciation R800
Interest paid R216
1 What is owner's equity for 2017 and 2018?
2 What is the addition to net working capital for 2018?
3 In 2018, LaLaLand Ltd purchased R1 500 in new non-current assets. How much in non-current assets did LaLaLand Ltd sell? What is the cash flow from assets for the year? The tax rate is 28% percent.
4 During 2018, LaLaLand Ltd raised R300 in new long-term debt. How much long-term debt must LaLaLand Ltd have paid off during the year? What is the cash flow to lenders?