Please prepare a financial performance analysis for GREGGS using the below format. Ratios have been calculated already, see the attached screenshot. please you may use the publicly available annual report from GREGGS for extra information

Introduction

Company Profile (8- 10 lines)

Part A

Two Recent Developments (12 marks)

Development 1

Globalisation, AI etc

• Explain

• Financial impact

• Strategy used

Development 2

Globalisation, AI etc

• Explain

• Financial impact

• Strategy used

Part B

Sources of finance (8 marks)

• Discuss

• Implications of Equity Finance

• Implications of Debt Finance

Modigliani and Miller theory

Dividend policy(8 marks)

• Relevancy Theory
• Irrelevancy Theory

Discuss your company policy and show a table how much were paid

2023	2022	2021
54m	52m	50m

Modigliani and Miller theory

Capital Structure (calculations of Debt: Equity Ratios)

Debt: Equity Ratio	2023	2022
Formula	50:100M	Calculations
E:D (D/E)	1:2	Answer

Discuss

Mention Modigliani and Miller theory

Part C

Financial Performance Analysis

• Aims of Financial Performance Analysis

Profitability ratios

• Aims of Profitability ratios(Explain)

	Formulae	2023	2022
Gross Profit ratio	(GPsales)x100	Calculations	Calculations
ROCE		Calculations	Calculations

Trends (discuss)

3-4 lines

Recommendations (how to improve)

(3 4 lines)

Liquidity ratios

• Aims of Liquidity ratios (Explain)

	Formula	2023	2022
Current ratio	CA:CL	Calculations	Calculations
Acid test ratio	CA- Inventory:CL	Calculations	Calculations

• Trends (discuss)

3-4 lines

• Recommendations (how to improve)

(3 4 lines)

Efficiency ratios

• Aims of Efficiency ratio (Explain)

	Formula	2023	2022
Receivables in days		Calculations	Calculations
Payable in days		Calculations	Calculations

• Trends (discuss)

3-4 lines

• Recommendations (how to improve)

(3 4 lines)

Investment ratios

• Aims of Investment ratios (Explain)

	Formula	2023	2022
Gearing Ratio	Debt D+E) x 100	Calculations	Calculations
Payable in days		Calculations	Calculations

• Trends (discuss)

3-4 lines

• Recommendations (how to improve)

(3 4 lines)

Conclusion