Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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:

  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)
  2. Calculate non-current assets, non-current liabilities and build a balance sheet for the company?
  3. Calculate the return on assets (ROA) of the company given that return on equity (ROE) is 35%?
  4. 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?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Derivative Products And Pricing The Das Swaps And Financial Derivatives Library

Authors: Satyajit Das

1st Edition

0470821647, 9780470821640

More Books

Students also viewed these Finance questions

Question

Clinical Psychology: Science and Practice

Answered: 1 week ago

Question

=+5. How would you rewrite the copy to make it more effective?

Answered: 1 week ago