The following information has been extracted from the accounts of Meehan Leisure Ltd., a company with a chain of leisure

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The Following Information Has Been Extracted From The Accounts Of Meehan Leisure Ltd A Company With A Chain Of Leisure 1 (38.65 KiB) Viewed 35 times

The following information has been extracted from the accounts of Meehan Leisure Ltd., a company with a chain of leisure centeres in Ireland Operating profit for the year After charging: Depreciation Increase in provision for bad debts. Loss on sale of fixed assets Current assets Inventory Accounts receivable Prepayments Current liabilities Accounts payable Accruals During the year, loan interest paid amounted to $70,000 and corporation tax paid amounted to $213,000 Information on working capital levels at the beginning and end of the period is as follows: 31-Dec 1-Jan S S 27,500 32,000 15,000 S 1,000,000 42,000 17,000 245,000 17,000 14,000 24,300 34,000 14,000 46,000 15,000 Required You are required to calculate the net cash generated from operating activities for the year.