Assignment questions start on this page Financial Management A (AMF3871) Assignment 1 2020 Question 1 (24 marks) Mr Ekandjo, a low student had graduated five years ago. After graduation he decided to set up a law firm together with his close friend's named: Ekandjo and Associates The following information apply to Ekandio and Associates (millions of dollars) for the year 2019 CA Details Cash and Marketable Securities Non-Current Assets Sales Net Income TNS (millions) 120 300 1050 55 Other information Quick ratio 2.0 Current ratio 3.0 41 days DSO 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. (3 marks) b) Current liabilities (4 marks) c) Current assets (3 marks) d) Total Assets (2 marks) e) Return on Assets (ROA) (4 marks) 1 Return on Equity (ROE) (4 marks) g) Long-term debt (4 marks) Page 10 of 11