You are the finance manager of Adventure Tourist Ltd. The following data is available for the company as of 31 June 2021:

Current assets of $253,950

Current liabilities $178,700

Total assets $795,500

Equity $405,890

Required:

1. The companys Management Board required you to evaluate the efficiency of daily cash flows in and out of business operating activities. What job are you doing to complete the task? (referring to one out of 3 important questions of corporate finance for your answer) (1 mark)

ANSWER a):

2. Calculate non-current assets, non-current liabilities and build a balance sheet for the company? (3 marks)

ANSWER b):

3. Calculate the return on assets (ROA) of the company given that return on equity (ROE) is 35%? (2 marks)

ANSWER c):

4. Adventure Tourist Lt has net credit sales of $1,476,000. Calculate the accounts receivable turnover of the company, given average accounts receivable is $128,500? (1 mark)