Honey Bun Ltd and Consolidated Bakeries Ltd

Accounts for each company can be found online.

Note: Common Equity = Capital and Reserves - Preference Shares Capital Employed = Capital and Reserves + Non-Current Liabilities Average Stock =( Opening Stock + Closing Stock )2 Using the full list of ratios and formulas as outlined on the ratio analysis worksheet provided on Moodle, calculate each of the stated ratios for BOTH companies for the three (3) financial years ending in 2019,2020 , and 2021. You are to use the Jamaica Stock Exchange website or the respective company websites to retrieve the annual reports for the companies for 2020 and 2021 , as these reports contain the financial statements and other background information which will form the basis of your analysis. You will also be expected to pull on other research sources to support your analysis and to meet the requirements of the task. The most recent financial statements are to be used for deriving the information for comparative years i.e. 2020 figures should be taken from the 2021 statements, and 2019 figures should be taken from the 2020 statements. Note: Common Equity = Capital and Reserves - Preference Shares Capital Employed = Capital and Reserves + Non-Current Liabilities Average Stock =( Opening Stock + Closing Stock )2 Using the full list of ratios and formulas as outlined on the ratio analysis worksheet provided on Moodle, calculate each of the stated ratios for BOTH companies for the three (3) financial years ending in 2019,2020 , and 2021. You are to use the Jamaica Stock Exchange website or the respective company websites to retrieve the annual reports for the companies for 2020 and 2021 , as these reports contain the financial statements and other background information which will form the basis of your analysis. You will also be expected to pull on other research sources to support your analysis and to meet the requirements of the task. The most recent financial statements are to be used for deriving the information for comparative years i.e. 2020 figures should be taken from the 2021 statements, and 2019 figures should be taken from the 2020 statements