Question 1 (7 marks)

Allianze Ltd has the following data information as of 30 June 2022:

- Current assets of $ 6,970

- Net fixed assets of $18,700

- Current liabilities of $4,570

- Long term debts of $9,490.

Required:

a. Calculate shareholders equity and prepare a balance sheet for the company for the period. (4 marks)

b. How much is net working capital of the company? (1 mark)

c. Calculate the return on assets of the company given the return on equity is 20% (2 marks)