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Accounting Information Systems
Toassess the student's ability to produce the financial statements of the fictional company from Assessment 2 Part A and using the financial data from the financial statements, calculate and analyse the financial ratios and report the results in a written business report.
REQUIRED
1) Produce the Balance Sheet and Income statement of the fictional company from Assessment 2 Part A.
2) Using the Balance Sheet and Income Statementof the company obtained from Assessment 2 Part A, calculatethe following ratiosrelated with profitability, liquidity and solvency.Your written reportshould contain the detail calculations*.
Industry Ratio
Current ratio = Current Assets / Current Liabilities
2.1:1
Quick ratio = (Current Assets - Inventory) / Current Liabilities
1.45:1
Inventory turnover = Cost of Goods Sold / Inventory
4
Gross profit Margin %= Gross Profit / Net Sales
19%
Net profit Margin % = Net Profit / Net Sales
8%
Return on Asset % = Net Profit / Total Assets
5%
Debt to Asset Ratio = Total Liabilities / Total Assets
25%
*Tabulate and show the ratio formula and detailed calculations and workings in an Appendix.
3) Industry related ratios are provided below. Compare the industry-based ratios with your findings in part 2 of this assignment. Discuss the findings/results of your financial analysis of each ratio, and include your recommendations for managerial actions in your report.
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