You are the finance manager of Adventure Tourist Ltd. The following data is available for the company
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Question:
You are the finance manager of Adventure Tourist Ltd. The following data is available for the company as of 31 June 2021:
Current assets of $253,950
Current liabilities $178,700
Total assets $795,500
Equity $405,890
Required:
- The company’s Management Board required you to evaluate the efficiency of daily cash flows in and out of business operating activities. What job are you doing to complete the task? (referring to one out of 3 important questions of corporate finance for your answer) (1 mark)
- Calculate non-current assets, and non-current liabilities and build a balance sheet for the company. (3 marks)
- Calculate the return on assets (ROA) of the company given that return on equity (ROE) is 35%? (2 marks)
- Adventure Tourist Ltd. has net credit sales of $1,476,000. Calculate the accounts receivable turnover of the company, given average accounts receivable, is $128,500. (1 mark)
Related Book For
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
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