Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

REQUIREMENTS: Due to your strong performance in the Introduction to Financial Accounting course this past se nester. you and .. group of your classmates have

image text in transcribed
REQUIREMENTS: Due to your strong performance in the Introduction to Financial Accounting course this past se nester. you and .. group of your classmates have been hired by Fontana Pharmacy Ltd as part of in accounting internship program.ne Your first turk is to perform a detaile ! financial analysis of the com any More specifically, you have been asked to prepare a single com rehensive report which addresses the fol owing re juirements. 1. Explain the value, purpose, and limitations of ratio analysis. 2. Explain the significance of trend ana ysis. 3. Provide a detailed co apany overview of Fontana Pharmacy Ltd, which should include the following: Review background information about the company AND the industry. Use information. fom the chairman's and or management's reports, news reports, websites, anal st review's. and other relevant sources. Also, outline the key successes and key challenges faced by the company in their most recent financial year (the year to June 30, 2021). Indicate any financial or operational problems or issues which arose during the year, why they arose, and how the company was able to resolve them. 4. 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 the company for the past three (3) financial years (i.e. the years ending June 2019, June 2020, and June 2021). Additionally, you are to prepare a DETAILED trend analysis discussion of the company over the same period. Your analysis should reference the ratios calculated and should incorporate the use of graphs/charts. You should utilise information from the notes to the financial statements. other sections of the annual report, or from other relevant sources to support your analysis. This is especially crucial where you observe significant movements in any of the trends (whether positive or negative) The discussion of the trend for each ratio should span one to two well-developed paragraphs. You are also to prepare a summary commenting on the general liquidity, solvency, profitability, asset management, and investment performance of the company. The discussion of each ratio category should span one to two well-developed paragraphs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Foundations and Evolutions

Authors: Michael R. Kinney, Cecily A. Raiborn

8th Edition

9781439044612, 1439044619, 978-1111626822

More Books

Students also viewed these Accounting questions