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Toby Plc Made a Profit for the Year Ended 30

Question 3

Multiple Choice

Toby plc made a profit for the year ended 30 September 2023 of £3,330,000 after charging depreciation of £730,000. During that year, inventory increased by £455,000 and trade payables increased by £312,000. Assuming no other factors affected it, the cash generated from operations for the year ended 30 September 2023 was:


A) £3,293,000.
B) £2,743,000.
C) £3,917,000.
D) £4,827,000.

Correct Answer:

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