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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
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:
- 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)
- Calculate non-current assets, non-current liabilities and build a balance sheet for the company?
- Calculate the return on assets (ROA) of the company given that return on equity (ROE) is 35%?
- Adventure Tourist Ltd. has net credit sales of $1,476,000. Calculate the accounts receivable turnover of the company, given average accounts receivable is $128,500?
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