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You as Chief Financial Officer of Goodwill Plc, has compiled the following information and ratios from the Income Statement and Statement of Financial Affairs as

You as Chief Financial Officer of Goodwill Plc, has compiled the following information and ratios from the Income Statement and Statement of Financial Affairs as at 31.03.2016.

a). Selected balances from Income Statement and Statement of Financial Affairs :

K Million
Cash and marketable securities- 100
Fixed Assets 283.5
Sales 1,000.00
Net Income 50

b, Ratios

Quick Ratio 2:1
Current Ratio 3:1
Days sales outstanding (DSO) 40.55 days
Return on Equity (ROE) 12%

Note that Goodwill Plc had no preferred stock. It only had ordinary shares, current liabilities and long-term debt.

Required:

Find for Goodwill Plc, determine the following:

i. Accounts receivable

ii. Current liabilities

iii. Current Assets

iv. Total Assets

v. Return on assets(ROA)

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