Instructions in the attached pdf. I want an A in this assignment, it is very important to me.

FINANCIAL AND MANAGERIAL ACCOUNTING - ASSIGNMENT 1 MBALN612 MBALN-612 Financial and Managerial Accounting Assignment 1 Financial Statement Analysis Deadline As indicated on the VLE Learning Objectives for Course 1. Acquire a comprehensive understanding of the principles used to prepare and present financial statements. 2. Relevant application of knowledge to read and understand financial statements and to observe the effects of routine business transactions on them. 3. Develop quantitative skills necessary to read, interpret and perform the calculations for the accounting reports involved in cost control and profit planning. 4. Evaluate and identify financial strengths and weaknesses of a business through appropriate conceptual analysis. 5. Analyse information and knowledge effectively in order to develop meaning to solve complex problems and make decisions ; Guidelines for assignment This is an individual assignment Ground your answer in relevant theory Plagiarism and reproduction of someone else's work as your own will be penalized Make use of references, where appropriate - Use Harvard or APA referencing method. Late submission are not accepted Structural elements should include an introduction, main body, and a conclusion Weight - 50% Word count guidance : part 1 - N/A. Business report wordage should be 2000 +/10% Type of assignment: Excel Assessed Work Folder and Business Report Start / Finish : Week 3 - 4 Learning Outcome Assessed: 1,2,3,4 Submit one single document and not lots of different files. 1 FINANCIAL AND MANAGERIAL ACCOUNTING - ASSIGNMENT 1 MBALN612 Part 1 - Financial Analysis The condensed financial statements of Soule Company for the years 2013 and 2014 are presented below. Soule Company Balance Sheets December 31 2014 2013 330 360 Accounts receivable (net) 470 433 Inventory 430 390 Prepaid expenses 120 160 1,350 1,343 420 380 10 10 530 510 2,310 2,243 900 810 390 393 1,020 1,040 2,310 2,243 Current assets Cash and cash equivalents Total current assets Property, plant, and equipment Investments Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equitycommon Total liabilities and stockholders' equity Soule Company Income Statements For the Years Ended December 31 2014 2013 4,000 3,600 984 895 2,400 2,330 10 20 3,394 3,245 Income before income taxes 606 355 Income tax expense 242 142 364 213 Sales revenue Costs and expenses Cost of goods sold Selling and administrative expenses Interest expense Total costs and expenses Net income 2 FINANCIAL AND MANAGERIAL ACCOUNTING - ASSIGNMENT 1 MBALN612 Compute the following ratios for 2014 and 2013. (a) Current ratio. (b) Inventory turnover. (Inventory on 12/31/12 was 326.) (c) Profit margin ratio. (d) Return on assets. (Assets on 12/31/12 were 2,100.) (e) Return on common stockholders' equity. (Stockholders' equity on 12/31/12 was 960.) (f) Debt to total assets ratio. (g) Times interest earned. Critically evaluate your ratio calculations and conclude on the current state of the company. Word count 500 (+/- 10%) Part 2 - Performance Evaluation Evaluate the financial performance of a company of your choosing using the knowledge and technical skills that you have gained during the course so far. Provide a theoretical explanation of any ratio analysis. No need to recalculate ratios, often the financial reports provides these. Attach the company financial statements as an appendix to your statement as reference to your work. Present your findings in a Management Business Report wordage should be 1500 +/10%. 3