Statement-I: Snow Limited earned a profit of ₹ 2., O() 000, after charging depreciation of ₹ 50,000 on machinery. S0, operating profit before working…

Statement-I : Snow Limited earned a profit of ₹ 2., O() $\displaystyle 000$ , after charging depreciation of ₹ $\displaystyle 50{,}000$ on machinery. S0, operating profit before working capital changes would be ₹ $\displaystyle 2{,}50$,000. Statement-II : Depreciation is added back to net profit as it does not result in any cash flow. Choose the correct option from the following :