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1) The following is a list of amounts taken from the records of Don's Dents, a second-hand car sales yard operating in Taranaki, for the year to...
80,000
a) Present a fully classified Cash Flow Statement for the year ending 31 December 20X1. (Note: some items listed are not cash flow items.)
b) Comment on Lilly's cash flows, in regard to operating, investing and financing activities, the ending cash bank balance, and any items you consider are relevant.
c) Assume Lilly's net profit on her Income Statement is $240,000. Compare this with the final net operating cash flow for the business, and suggest reasons for the difference.
d) Make 3 recommendations to Lilly in regard to her cash flows and cash position.
