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Calculate the cash balance as at May

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Reference no: EM133099775

Question - The following information has been extracted from the financial records of Lulu Limited for the year ended 31 May 2020:

R

Cash flows from operating activities 720,000

Cash flows from operating activities (1,260,000)

Additions to plant and equipment (1,260,000)

Cash flows from financing activities 600,000

Proceeds from shares issued 600,000

Required -

1. Calculate the cash balance as at 31 May 2020 if the cash balance on 31 May 2019 was R200,000 (favourable).

2. Analyse the cash flows of the company.

Reference no: EM133099775

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