(16 marks)<\/em><\/li>\n<\/ul>\nGuidance notes:<\/p>\n
You should use your knowledge gained from Readings 23\u201325, together with the tools and techniques discussed in Reading 26 \u201cAnalysing Financial Performance\u201d, to construct your answer. You should select those tools and methods that you feel are appropriate to this question to carry out any relevant calculations. Show the workings out for your calculations. State what each calculation might mean if you identify it as an area of concern, i.e. explain why your figures may be of concern to Trend Ltd.<\/p>\n
Make sure that you note the most obvious matters of concern<\/p>\n
<\/p>\n
Q24<\/p>\n
Conduct a financial analysis of Adidas using the ratios calculated in Task 1 and the additional financial information provided in the assessment resources area for Adidas, and Nike (one of Adidas\u2019s main competitors).
\nDescribe what you observe about Adidas\u2019s performance as well as the performance of its competitors. Explain possible causes for differences in performance and discuss implications for Adidas.
\nIn your analysis, you should also discuss whether, according to their financial performance, Adidas should be concerned about Nike.
\nYour analysis should not be longer than 2,000 words, excluding bibliography.
\nIf you use information that is not included in the financial statements but elsewhere in the company\u2019s annual report (e.g., notes) or in external sources, please cite the exact location and source of this information.
\n*Note: it is suggested that you use current trade receivables and current trade payables to calculate trade receivables days and trade payables days ratios in annual reports rather than trade and \u2018other\u2019 receivables, and trade and \u2018other\u2019 payables to be able to compare like with like.
\nThis assessment is not just testing your ability to calculate the different ratios; it is also assessing your understanding of how to source relevant financial information and make considered decisions about whether and how to deploy it. This is reflected in the following allocation of marks for this question:
\n\u00b7 33 marks for the calculations
\n\u00b7 57 marks for the analysis of the financial performance of Adidas, and Nike
\n\u00b7 10 marks to discuss whether Adidas should be concerned about Nike.
\nRemember to show all your calculations in detail. Tables should be included within the body of the analysis. We recommend you also submit a spreadsheet showing your calculations, as this will help your tutor to give feedback on your calculations.<\/p>\n
<\/p>\n
Q25<\/p>\n
Instructions: Read the following instructions carefully. 1. Exam should be submitted in word typed document. 2. Avoid copy paste from references. 3. Plagiarism more than 18% will effects marks. 4. Answer to each question should be answered in the same page (1 Page). 5. Check spelling mistakes, before submitting the exam. 6. Submission is only acceptable through blackboard. 7. Exam window will remain open from 12:00pm to 12:00 am. 8. Each answer should not be less than 150 words and more than 200 words. 9. Use “time new roman” and font size 12.
\nQl: What are the key assumptions of financial information that underlie financial statements prepared under US GAAP or IFRS? Explain with two examples. Q2: How under provision might arise? Explain with two examples. Q3: How funded defined benefit plan works? Explain in detail with the help of one example?<\/p>\n
Q26<\/p>\n
Question 1 (5 marks, 500 words maximum)
\nDoes HBC have sufficient budgetary controls in place to inform management how the project is running versus budget, both in time and money? Explain your answer.
\nQuestion 2 (15 marks, 1500 words maximum)
\nFrom the short-term and long-term financial and non-financial perspectives of HBC, was the LA Prep project a success?
\na. If so, how did you make that determination? Please explain.
\nb. If not, where and why did the project fail? Please explain.
\n(Please note that questions a. and b. above are not mutually exclusive. So, please answer both)
\nc. Who in the HBC should get the accolade or is\/are held responsible\/accountable for the project\u2019s success and\/or its failure? Explain your answer.
\nQuestions 3 (5 marks, 500 words maximum)
\nWhat lessons are learned by HBC from the LA Prep project?
\nImportant presentation requirement:
\nPlease note that this is a case study assignment. Therefore, you are required to answer the case questions directly that is, write the case questions first and then provide your answers below each of the case questions. Answers provided by not using the above-mentioned presentations and submission requirement (e.g. answers received in essay format with no direct answers to questions) will be penalised for not complying with submission and presentation requirement.
\nPlease note that a 30% penalty on the total available marks will apply for not complying with one or more of the submissions and presentation requirements which also include the answers\u2019 word limit requirements. Please see the unit outline for other submission and presentation requirements.<\/p>\n
Q27<\/p>\n
\n- Purpose of the project:
\nIn this project, you are supposed to be a financial manager to apply the knowledge obtained to estimate the cost of debt, cost of preferred stock, cost of common equity, capital structure, and the weighted average cost of capital (WACC) for a publicly-traded corporation of your choice. You will use the estimated WACC as the discount rate to perform capital budgeting analysis for a hypothetical project (the information is given below) that is under consideration by the selected company, and decide whether the project should be accepted.
\nOutline for the project:
\n(1) Executive Summary (10 points)
\n– Summarize the major findings, results, and the analysis of the report.
\n(2) Financial Ratio Analysis (40 points)
\nYou are expected to apply the knowledge obtained in Financial Management and Financial Statement Analysis to the key financial ratios of the selected company.
\n– Perform trend analysis of the key financial ratios (i.e., liquidity ratios, asset management ratios, debt management ratios, profitability ratios, market value ratios) of the company during the most recent 5-year period.
\n– Perform industry (or benchmark companies) comparison analysis of the key financial ratios of the company in the most recent year.
\n– Based on the financial ratio analysis results, discuss\/evaluate the financial performance of the company.
\n(3) Estimate Capital Structure (25 points)
\n– Estimate the firm\u2019s weights of debt, preferred stock, and common stock using the firm\u2019s balance sheet (book value) in the most recent year.
\n– Estimate the firm\u2019s weights of debt, preferred stock, and common stock using the market value of each capital component in the most<\/li>\n<\/ol>\nQ28<\/p>\n
\n- What are the differences between the mean, median and mode, and what are the advantages and disadvantages of each? 2. The set of data below is from a sample of n = 7. 12, 7, 4, 9, 0, 7, 3 a. Calculate the mean, median, and mode. b. Calculate the range, interquartile range, variance, standard deviation, and coefficient of variation. 3. The set of data below are for a population of N = 10. 7, 5, 6, 6, 6, 4, 8, 6, 9, 3 a. Calculate the population mean b. Calculate the population variance and standard deviation 4. Approximate the mean and standard deviation of the sample data that have the following frequency distribution (hint: use the shortcut formula):<\/li>\n<\/ol>\n
Q29<\/p>\n
Case Study: Dick Smith Group
\nThis assignment gives you the opportunity to apply the material covered in \u2018Applied Corporate Finance\u2019 (FIN342) to an Australian company that has had a mixed history of success and failure in the Australian marketplace.
\nThe Dick Smith Group of companies (\u2018DSG\u2019) has had a high profile in the financial press since late 2015. Hence, it represents a good case study to use to analyse a number of corporate financial management issues relevant to this subject.
\nDick Smith Holdings Limited (ASX Code: DSH) is the holding company of the Dick Smith Group (DSG) that consists of 11 wholly owned subsidiaries. DSH is the ASX code for the Dick Smith Group of Companies (DSG). In this assignment, Dick Smith, DSG and DSH are used interchangeably to mean the same entity. DSG operated consumer electronics retail stores and an online consumer electronics retail business throughout Australia and New Zealand, operating from more than 390 locations with at least 3,000 employees. The majority of the network was branded as \u2018Dick Smith\u2019 stores but also incorporated \u2018Move\u2019 bannered stores, \u2018Electronics Powered by Dick Smith\u2019 outlets in David Jones stores, and commercial and online businesses.
\nThe company was founded in 1968 by Mr Dick Smith and owned by him and his wife until 1982.
\nWoolworths Limited purchased Dick Smith Electronics in 1982 and then sold the company to Anchorage Capital Partners in 2012, which floated DSG on the Australian Securities Exchange (ASX) in 2013. The IPO was successful and the share price remained stable at near the offer price of AUD2.20 per share.
\nIn 2015, concerns emerged about trading performance, inventory management and buyer rebates and their collective impact on cash flow. The share price weakened dramatically.
\nBy December 2015, the share price had fallen 80%. On 4 January 2016, DSH (and associated entities) was placed into voluntary administration by the board. Subsequently, a syndicate of lenders appointed Ferrier Hodgson as receivers and managers. The online operations and Dick Smith brand were sold to Kogan (May 2016) and the remainder of the business was liquidated.<\/p>\n
<\/p>\n
Q30<\/p>\n
Submit a soft copythrough the safeassign icon created in the Blackboard<\/em><\/strong><\/p>\nTHE FINANCIAL RATIO ANALYSIS ASSIGNMENT<\/strong><\/p>\nRatios analysis is as much an art as it is a science, therefore students must use common sense and sound judgment throughout the analysis. The purpose of this case study is to provide students with the opportunity to retrieve real time financial data via the Web, and analyze the financial performance of selected companies. Students will download the financial data from Qatar stock exchange website and perform ratio analysis for\u00a0two companies<\/strong>\u00a0from the\u00a0same sector<\/strong>\u00a0selected from the table below.<\/p>\n\n\n\n| <\/td>\n | Company<\/td>\n | sector<\/td>\n<\/tr>\n |
\n| 4<\/td>\n | Nakilat<\/td>\n | transportation<\/td>\n<\/tr>\n |
\n| 5<\/td>\n | Qatar Navigation<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Students are instructed to follow the path shown below to retrieve the financial profile for the selected company via DSM.<\/p>\n \n- Go to Qatar stock exchange website:www.qe.com.qa<\/li>\n
- From the menu, click on listed securities then Financial Statements<\/li>\n
- Choose the year\u00a02018& 2019<\/strong>and hit submit, and then download the\u00a0annual<\/strong>financial<\/strong>\u00a0report<\/strong>of the\u00a0two firms<\/strong>\u00a0in the same sector.<\/li>\n<\/ul>\n
perform the Ratio Analysis PLUS Graph based upon the following financial ratios:<\/p>\n \n- Liquidity Ratios: to measure the company’s ability to pay its bills;<\/li>\n<\/ul>\n
\n\n\n| Current Ratio<\/td>\n<\/tr>\n | \nQuick Ratio<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n- Activity Ratios: to measure the company’s ability to utilize its assets;<\/li>\n<\/ul>\n
\n\n\n| Inventory Turnover ratio<\/td>\n<\/tr>\n | \n| Average age of inventory<\/td>\n<\/tr>\n | \n| Accounts receivables Turnover<\/td>\n<\/tr>\n | \n| Average collection period<\/td>\n<\/tr>\n | \nTotal Asset turnover<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n- Leverage Ratios: to measure the extent to which the company’s assets are financed with debt;<\/li>\n<\/ul>\n
\n\n\n| Debt ratio<\/td>\n<\/tr>\n | \nTimes interest earned ratio<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n- Profitability Ratios: to measure the company’s ability to generate earnings;<\/li>\n<\/ul>\n
\n\n\n| GROS profit margin<\/td>\n<\/tr>\n | \n| Operating profit margin<\/td>\n<\/tr>\n | \n| Net profit margin<\/td>\n<\/tr>\n | \n| Return on total assets<\/td>\n<\/tr>\n | \nReturn on common equity<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n- Market Value Ratios: to measure the market perception about the company’s future prospects.<\/li>\n<\/ul>\n
\n\n\n| P\/BV<\/td>\n<\/tr>\n | \n| P\/E<\/td>\n<\/tr>\n | \n| EPS<\/td>\n<\/tr>\n | \n| Book Value\/Per Share<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n After calculating the financial ratios on\u00a0excel sheet<\/strong>, each group will compare the two companies then write a report on\u00a0word file<\/strong>\u00a0highlighting the strength and weakness points for each company.<\/p>\nThe recommended layout of your project is suggested to be as follows:<\/strong><\/p>\nCover page<\/em><\/p>\nTable of contents<\/em><\/p>\nIntroduction Firm overview<\/em><\/p>\nDescription of the company<\/em><\/p>\nRatios analysis<\/em><\/p>\nValuation & recommendation<\/em><\/p>\nConclusion (summary of your results)<\/em><\/p>\nGeneral Guidelines<\/strong><\/p>\n1- Reserve the first page (cover page) to group member names, student ID, course name, anduniversity. All group member names should be on the cover page to earn marks.<\/p>\n 2- You should write in times new roman font, size 12, with 1.5 spaces.<\/p>\n 4- Failure to submit the group members list by the deadline is subject to mark deductions.<\/p>\n 5- Failure to submit the soft copy online or the hard copy in class by the due date is subject to mark deductions.<\/p>\n 6- Maximum similarity index allowed is 15%.<\/p>\n GOOD LUCK!<\/p>\n Are you a college student facing tight deadlines and difficult assignments? If the answer is yes, then suffer no more, Homework Nest is the best essay writing online tutoring company out there.\u00a0Hire a reliable\u00a0essay writer<\/strong>\u00a0<\/a>who will create a 100% original paper and deliver it on time just a fraction of cost and you know what? Well, there is a satisfaction guaranteed! So let\u2019s keep it freaking simple, are you looking for the best custom\u00a0essay writing service\u00a0<\/a><\/strong><\/em>online? Find us at\u00a0Homework Nest<\/a>.<\/p>\nQ31<\/p>\n Main Objective of the assessment The main objective of this assignment is to examine the ability of the students to critically evaluate the financial performance and position of a company and their ability to value the company using a valuation method. This objective will be achieved through the preparation of financial and valuation report of a large listed company in the London Stock Exchange. In the preparation of the report student must demonstrate a critical understanding of the theories and concepts pertaining to the creation of shareholder value and the evaluation of the performance of a company. In this assignment students should use appropriate concepts and rational arguments to interpret strategic and financial data in order to produce suitably critical, well-considered report. Description of the Assessment This assignment is based on companies listed on the London Stock Exchange (LSE). You are required to prepare a report comparing the financial performance and position of two companies over the last five years and also required to prepare a valuation report using one valuation method. Please select two companies from the list of FTSE 350 companies from the following sectors: (a) Construction (b) Information and Communication (c) Mining and Quarrying<\/p>\n Q32<\/p>\n 1000-1500 words + references<\/p>\n Part I<\/p>\n Both of your presentations were outstanding and displayed your level of financial knowledge and expertise in the area of financial statement analysis. You have been asked to be a guest lecturer in a course at your alma mater college, CTU. As a result, you will have an opportunity to explain to students how they should tackle financial statement analysis. Prepare a presentation that will include the steps you went through to thoroughly analyze the financial statements so that you could make the recommendation\u2014keeping in mind that you want to simplify the process as much as possible. You do not need to include how to do the financial calculations, but rather how you determined the recommendation based on the information you were given. Provide a list of potential \u201cconsultants\u201d and resources they could reference to help them get through the assignments you have just completed.<\/p>\n Part II<\/p>\n Leaders and financial teams in organizations have an obligation to provide financial reports to meet the requirements and guidelines provided by a number of regulating bodies. In addition, they must uphold a high level of professional ethical standards when preparing reports that reflect the health of the organization to its stakeholders.<\/p>\n Include in your PowerPoint Presentation:<\/p>\n | | | | | |