Financial Accounting澳洲代写   　　INDIVIDUAL WRITTEN REPORT   　　This assignment is worth 20%   　　PURPOSE   　　Financial Statement Analysis - To calculate and analyse financial ratios using actual   　　reported data.   　　REQUIRED   　　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   　　statements.   　　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   　　Instructions   　　Your report should calculate* and analyse the following ratios, in clearly identified separate   　　sections:   　　Profitability   　　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)   　　Liquidity   　　Working capital   　　Current ratio and Acid-test ratio   　　Inventory turnover and Days in inventory   　　Gross profit percentage   　　Accounts receivable turnover   　　Days’ sales in receivables   　　Gearing   　　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   　　APPLIES.   　　 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   　　Conclusion   　　Appendices of calculations/data   　　Consistent fonts and headings   　　Pagination and correct cross-referencing