G plc is a holding company with subsidiaries that have diversified interests. G plc's board of directors
Question:
G plc is a holding company with subsidiaries that have diversified interests. G plc's board of directors is interested in the group acquiring a subsidiary in the machine tool manufacturing sector. Two companies have been identified as potential acquisitions, A Ltd and B Ltd. Summaries of both these companies' accounts are shown below:
Income Statements for the year ending 30 April 2014 You are required to prepare a report for the board of $\mathrm{G}$ plc assessing the financial performance and position of A Ltd and B Ltd. Your report should be prepared in the context of G plc's interests in these two companies and should be illustrated with financial ratios where appropriate. You should state any assumptions you make as well as any limitations of your analysis.
Step by Step Answer:
Frank Woods Business Accounting Volume 2
ISBN: 9780273767923
12th Edition
Authors: Frank Wood, Ph.D. Sangster, Alan