1) a) alpha ltd. currently has a working capital cycle of 35 days with Days Inventory and Days Payables are 45 and 30 days respectively. If Annual Sales for 2018 were $160,000,000 and the company expects this to grow by 12.5% in 2019, assuming a 360day year, what is the expected Accounts Receivables balance for 2019? answer - $10,000,000

b) alpha ltd has a total capital of $3 million, a debt to capital ratio of 30%, an aftertax profit margin of 11.04% and sales of $2.5 million. What is it's Return on Equity? answer - 13.14%

c) It plans to withdraw $2,000 annually from an account it created (end of each year withdrawals) for the next 40 years. However, it expects annual inflation to be 3% and therefore its withdrawals will increase by 3% each year. If the rate of return (r) is 10% p.a. with annual compounding, what deposit will ensure that it has just enough to cover its needs (no more, no less)? answer - $26,512

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