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Innovations Educational Systems Ltd is an online provider of educational courses. In 2020 the...

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Finance

Innovations Educational Systems Ltd is an online provider of educational courses.

In 2020 the company declared a dividend of 150 cents per share. Expenditure for the 2020 financial period was as follows:

R in millions

Stocks 25 million

Property Plant and Equipment 40 million

Total Expenditure 65 million

The Free Cash Flow at the end of the period was R 75 million.

Authorised Shares =10 million shares

Issued Shares = 8 million shares

Required:

a) Calculate the total value of dividends paid by Innovation Education Systems Ltd in 2020. (2)

b) Calculate shareholder's wealth if the share price at the end of 2020 was R8.00 per share. (2)

c) Calculate the net cash from operating activities for Innovative Education Ltd for 2020. (3)

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