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QUESTION 1 (20 Marks) REQUIRED Study the Statement of Cash Flows given...

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Accounting

QUESTION 1
(20 Marks)
REQUIRED
Study the Statement of Cash Flows given below and answer the following questions:
1.1 Calculate the amount paid out for company tax.
(3 marks)
1.2 Did the company obtain funds from its financing activities? Motivate your answer with the relevant calculations. (3 marks)
1.3 Of what significance are the details of Westham Limited's investing activities to a potential investor? (4 marks)
1.4 Write a report to the board of directors to provide an interpretation of the Statement of Cash Flows of Westham Limited for the year ended 31 December 2022. Your report must focus on the cash flows from operating activities, increase in inventory, increase in receivables, increase in payables and purchase of plant and equipment. (10 marks)
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