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Question - Defoe Ltd made a profit before tax of £624,000 for the year ended 31 December 2021, after charging depreciation of £96,000. The following information was included in the statement of financial position as at 31 December 2021:
2020
2019
£000
Inventories
520
470
Trade receivables
316
402
Trade payables
294
325
Required - What is cash generated from operations for the year ended 31 December 2021?
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