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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The balance sheet of Dot Co. for the year ended 31 December 20X7, together with comparative figures for the previous year, is shown in Figure 13.7 (all figures
).

You are informed that there were no sales of fixed assets during 20X7, and that new shares and debentures issued in 20X7 were issued on 1 January.
Calculate operating profit and net cash flow from operations, and prepare a cash flow statement for the year 20X7, consistent with IAS 1, as far as the available information permits. Comment on the implications of the statement.
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