Question
Australasia Apex Company Statement of financial position (Balance Sheet) as of 30 June 2020 and 2021 ($ in millions) Assets 2021 2020 Liabilities and shareholders
Australasia Apex Company Statement of financial position (Balance Sheet) as of 30 June 2020 and 2021 ($ in millions) Assets 2021 2020 Liabilities and shareholders equity 2021 2020 Current assets Current liabilities Cash $146 $84 Accounts payable $344 $312 Accounts receivable 188 165 Notes payable 196 231 Inventory 422 393 Total $540 $543 Total $756 $642 Non-current assets Property, plant and equipment $2889 $2731 Non-current debt $457 $531 Shareholders equity Ordinary shares $550 $500 Retained earnings 2089 1799 Total $2639 $2299 Total assets $3636 $3373 Total liabilities and shareholders equity $3636 $3373 Statement of profit or loss for Australasia Apex Company for the year 2021($ in million) Sales Revenue $2311 Cost of goods sales 1344 Depreciation 276 Earnings before interest and taxes (EBIT) $691 Interest paid 141 Profit before tax $550 Taxes 115 Profit for the period (Net Income) $435 Dividends $145 Addition to retained earnings 290
3 Required: Using the Companys above Statement of financial position and Statement of profit or loss, answer the following questions: (a) Calculate the net working capital for the year 2021 and comment on the result in the context of the companys financial position. (b) Calculate cash flow from assets (CFFA) for the year 2021 and comment on the result in the context of the companys financial position. (c) Write a brief analytical report on the financial position of the company based on the above analysis (approximate 600 words) Please I need the answers for my marks!!it is important please!
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