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Answer immediately in table ASSIGNMENT Refer to the 30 June 2014 financial reports of Flight Centre Ltd on their web site http://www.flightcentrelimited.com/investor-and-media/annual-reports and answer the
Answer immediately in table
ASSIGNMENT Refer to the 30 June 2014 financial reports of Flight Centre Ltd on their web site http://www.flightcentrelimited.com/investor-and-media/annual-reports and answer the following questions using the consolidated financial reports and the notes to the consolidated financial reports. Calculate: The Earnings before interest and tax (you must show all workings and indicate where in the report your figures come from), and The Earnings before interest, tax, depreciation and amortization show all workings and indicate where in the report your figures come from). Explain why a user of accounts (and which type of user) would be interested in each of these earnings figures compared to net profits after tax. Compare the net profit after tax with the cash flow from operating activities. Why is there a difference? Explain this difference using the figures from the Flight Centre Ltd Report. (Hint: Look at the reconciliation.) Is there anything of concern in this comparisonStep by Step Solution
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