Mr Ekandjo, a law student had graduated five years ago. After graduation he decided to set up a law firm together with his close friends named: Ekandjo and Associates.

The following information apply to Ekandjo and Associates (millions of dollars) for the year 2019.

Details N$ (millions) Cash and Marketable Securities 120 Non-Current Assets 300 Sales 1050 Net Income 55
Other ................................information
Quick ratio ...........................2.0
Current ratio ........................3.0
DSO ........................................41 days
ROE .......................................12%

Ekandjo has no preference shares – only ordinary equity, current liabilities and long term debt.

Required:
As a Financial Management student, assist Mr Ekandjo to calculate and find the following:

a) Accounts receivable.

b) Current liabilities 

c) Current assets

d) Total Assets

) e) Return on Assets (ROA) 

f) Return on Equity (ROE)

 g) Long-term debt

Answer rating: 100% (QA)

Answer Details N millions Cash and Marketable Securities 120 NonCurrent Assets 300 Sales 1050 Ne... View the full answer