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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
).

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Â
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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