Maximum weight Maximum Marks Assessment Due Elements Special Instructions Must Pass 40% of your total assessment for this subject. 40 Week 14, before 25th May, 2011 3 and 4 This is an individual work Yes Assignment
This assignment is designed to monitor and control finances, review and evaluate financial management processes.
It requires student to work individually and answer the questions and write a portfolio for the case which follow. Written report (40 marks) Read carefully the financial statements presented below for Company A, then answer the questions which follow: Balance Sheet as at 31/12/2010资产负债表 Assets资产 Cash现金 Stocks股票 A/c rec. Current assets动资产 流 Liabilities负债 $000s 200 A /c pay. 1000 800 Short term loans短期贷款 Profit and Loss Statement for Year Ending 2010损益表 600 600 Sales销售 10000 7500 2500 500 500 300 200 1000 300 500 200 $000s Current liab. 流动负债 1200 COGS销货成本 1800 Gross profit毛利 1800 Administration实施管理 Marketing市场 Finance – interest金融利润 2000 Mortgages抵押贷款 2000 Non-current liab. Land领土 Buildings 建筑 Equipment设备 Non-current ats Total 3000 Owners' equity业客权利 2000 capital 资金 7000 Ret. Earnings 9000 Total 5000 1000 Finance –other其他金融 9000 Net profit净利润 Tax (30%)税金 Dividends股息 Ret. Earnings收入 Additional information for Company A is as follows. 1. Opening stocks were $600,000. 2. All sales are on credit.
3. Depreciation for year 2010 was $200,000.
4. 800000 shares issued for $5 each. Market price/share is $6 each.
为A公司的附加信息如下。
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1。开放类股60万美元。 2。所有的销售都是赊购来的。 3。到2010年,折旧是20万美元。
4 . 80万5美元每一个股票发行。市场份额是6美元的价格/每件。
1. Using the information above, calculate the following financial ratios for Company A. Show all working in the table below, including the final answer. (10 marks)
Name Working Final Answer a) Current ratio流动比率 b) Current assets/current liabilities =2000/1200 1.67 0.83 9.375 Liquid ratio偿还比(Current assets－stock)/current 率 liabilities=(2000－1000)/1200 Stock turnover (Lost of goods sold)/average rate存货周转率 stocks=7500/(1000+600)/2 c) Debtors collection Account receivable/average daily d) period借债的采集时间 credit sales=800/(10000/365) Total asset e) Sales/total assets=10000/9000 turnover资产周转率 f) Gross margin毛利率 Gross profit/sales=2500/10000 Net profit margin Net profit before 29.19 1.11 0.25 0.1 0.07 1.5 g) 税前销售净利率 tax/sales=1000/10000 Return on net Net profit after tax/owner’s h) worth 净值报酬率 equity=(1000－300)/6000 i) Debt to equity产权比率 Liabilities/owner’s equity=9000/6000 j) Times interest coverage Profit before internet valuation ratios已获tax/internet=(1000+300)/300 利息次数 and 4.33
2. By analysing the financial ratio results from 1. above, evaluate the financial
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performance of this organization
率、ratio analysis、limitation of ratio analysis)
(10 marks)
通过分析1上面的结果、评价这一组织的财务状况、(5个指标、股利支付率、每股盈余、市盈
3. List and explain FIVE non-financial factors which could be used to evaluate the performance of this company. (10 marks)
列举5个非财务因素用来评价这家公司，并解释
4. What actions can be taken to improve its performance, please write a report. (10 marks)
可以采取什么样的行动,以提高其性能,请写一份报告。
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