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Jon & Margaret Ltd. had the following financial data for the year ended 31 March 2020:
Cash and cash equivalents at 1 April 2019 94m
CAPEX 150m
Dividends declared 2.4m
Net profit 34m
Share issue 66m
Increase in trade receivables 24m
Depreciation/amortisation 7m
Proceeds from disposal of PPE 12m
Gain on disposal of PPE 1m
Based on the above, what is the balance of Cash and cash equivalents at 31 March 2020?
38m
58.4m
39m
56m
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