The assets of Event Management Limited (EML) consist entirely of current assets and net furniture and equipment. EML has total assets of $15 million and net furniture and equipment equals $12 million.

EML has current liabilities of notes payable of $0.9 million, accounts payable and accruals.

EML has long term debt of $4.5 million. EML has common equity of $6 million. EML only finances with debt and common equity, so it has no preferred stock. (20 marks)

1. What is the amount of current assets on EMLs balance sheet? (4 marks)
2. What is the EMLs total debt? (4 marks)
3. What is the amount of accounts payable and accruals on EMLs balance sheet?(4 marks)
4. What is the EMLs net operating working capital? (4 marks)
5. What is the difference in amount between net working capital and net operating working capital? (4 marks)