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What the change in the company cash and cash equivalents

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Reference no: EM132594766

The following are extracts from the financial statements of a company for the two years ended 31 December.

Extracts from Statement of Financial position as at 31 December

                                               2018                           2019

                                                   £000                      £000

Inventory                                      925                     1,583

Trade receivables                              488                      396

Current asset investments                    120                      140

Cash and bank balances                         312                     26

Bank overdraft                                       -                     180

Trade payables                                       910                1,418

Non current assets                                   1,536               2,728

Non current liabilities                                   -               300

  • The current asset investments are highly liquid and are payable on demand.
  • The Income statement for the year ended 31 December 2019 shows an operating profit of £1,512,000 after charging deprecation of £625,000.

Question 1: The operating cash flows of this company for the year ended 31 December 2019 were:

Option 1: £829,000

Option 2: £1,454,000

Option 3: £2,079,000

Option 4: £2,195,000

Question 2: The change in the company's cash and cash equivalents for the year ended 31 December 2019 were:

Option 1: A net outflow of £106,000

Option 2: A net outflow of £286,000

Option 3: A net outflow of £446,000

Option 4: A net inflow of £20,000

Reference no: EM132594766

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