AC4052QA Financial Accounting-NOV22 INTAKE Assignment Brief SECTION A (30marks) QUESTION I This assignment requires each student to work on the published financial statements of ASOS PLC for two years from 2020 to 2021. The figures below are extracted from ASOS 2820 and 2821 al reports 3930 Income statement fm Sales revenue 1364 Cost of sales 2,114 1716 Gross profit 1,777 Operating profit (ne for PBIT) 190 151 Interest paid 13 10 Balance sheet fm fm Non-current t 1,325 970 Current amets 1560 1,020 Inventories 807 532 Trade and other bl 58 60 Current et les inventories 753 488 Current liabilities 998 818 Trade and other payablex 956 770 Non-current liabilities 810 Total equity 1034 810 Capital employed 2,068 You are required: Write a brief report on the performance of ASOS over the financial periods 2020 to 2021. You should use the financial statements provided above to calculate the required accounting ration shown below and use any other information relevant for your comments. Information can be accessed from the annual report and accounts and any other source of evidence that you believe helps to explain the company's performance and position AC4052QA Financial Accounting-NOV22 INTAKE Assignment Brief Calculate the following ratios. Show all your working out Long term financing ratio (2marks) 1.2 Inventory days 14 Payable days Liquidity Ratios (4marks) 15 Current 1.6 Acid test Profitability Ratios (6marks) 1.7 Return on capital employed 1.8 Net profit margin 1.9 Asset turnover Interpretation (12marks) Interpect the ratio above by making comparative relevant comments with clear demonstration of understanding applied in context Marking for w Explanatory comments on the Assessment crite (Gaidan-w FOUR MAIN HEADING Maximum marks for each section Recommended masks working out Interpotation of ration Recom | Relevance, clear demonstration of (sks rack - Imark for 2028, I mark for 2021. Maxima of making (9 Marksj: Imarks for each specific rati (mk)