代写澳洲assignment:Financial Acco

浏览: 日期:2020-01-13


  This assignment is worth 20%


  Financial Statement Analysis - To calculate and analyse financial ratios using actual

  reported data.


  Given the financial statements and the additional information analyse and discuss the

  financial performance and position of David Jones. You should refer to the notes to the

  financial statements for further details and clarifications of changes in the financial


  Your analysis should be supported by profitability, liquidity, gearing and other appropriate

  ratios from Chapter 18 of the prescribed textbook.

  Calculate and analyse financial ratios (percentage and ratio analysis)

  Use the 2013 and 2012 annual reports to obtain the financial statement figures needed to

  calculate the ratios (where there is consolidated accounts, use the consolidated amounts). In

  addition, students are strongly advised to:

   perform horizontal and vertical analyses of the Balance Sheets and Income

  Statements for the company

   read all parts of the Annual Reports


  Your report should calculate* and analyse the following ratios, in clearly identified separate



  Rate of return on net sales

  Rate of return on total assets

  Asset turnover

  Rate of return on ordinary shareholders’ equity

  Earnings per share (given in the Annual Report)


  Working capital

  Current ratio and Acid-test ratio

  Inventory turnover and Days in inventory

  Gross profit percentage

  Accounts receivable turnover

  Days’ sales in receivables


  Debt ratio

  Debt to equity ratio

  Times interest earned ratio

  (* Tabulate and show the formula and detailed calculations in an Appendix.)

  Your analysis should include:

   Year-to-year (2013 and 2012) comparisons (horizontal analysis). Use the Director’s

  Report and the Notes to the Accounts to further justify your answer.

   The components of each ratio should be investigated to determine the significant or

  determining factors in any change to the ratio.

   These significant factors should then be investigated to determine (to the extent

  possible) the cause and sustainability of their change (refer to example below).

  Example of a current ratio analysis: Company X current ratio increased from 1.2

  to 4.3. The company increased its ability to pay its debts in the short-term. The

  main reasons for the increase were a 22% increase in cash and a 14% decrease

  in accounts payable. The increase in cash and the decrease in accounts payable

  were both a result of reductions in purchases of inventory. This is unlikely to

  continue as the company was depleting a previous overstock.

  Each ratio analysis will be marked on the correctness of the comparisons and the

  identification of the determining factors. The depth and correctness of analysis of the factors

  will be the primary criteria for grade differentials in this assignment. The determining factors

  need not be confined to the annual reports but they must be relevant to your analysis.

  Administrative Details

   Your assignment (in a report form) should be lodged through the Turnitin Assignment

  folder of Blackboard by 11.59pm Tuesday 21 October 2014. LATE SUBMISSION


   This assignment must be typewritten and double-spaced. A copy should always be

  kept by the student. Attach an Assignment Cover Sheet to your submission (refer to

  the link on Blackboard - General Policy and Forms).

   The Student Manual provides information about the presentation of reports (a link to

  the Manual is provided in Blackboard). Wherever possible, tabulate your comparative

  data and show them in an appendix but cross-reference them in your report.

   The policies on late submission of assignments and plagiarism are provided in the

  Course Outline. Extensions with valid reasons will only be considered if the

  application is made 48 hours prior to submission.

   Length: 2,500 words maximum (excluding appendices).

  Vertical analysis

  Financial Ratio analysis


  Appendices of calculations/data

  Consistent fonts and headings

  Pagination and correct cross-referencing