How much in non-current assets did lalaland ltd sell

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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?

Reference no: EM132360610

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