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Your friend George Monroe has been left money by his uncle and has the opportunity to purchase 100% of the shares in a private company

Your friend George Monroe has been left money by his uncle and has the opportunity to purchase 100% of the shares in a private company – Deli Foods Pty Ltd. which supplies food ingredients to local Italian restaurants in Adelaide and Melbourne. Deli Foods Pty Ltd opened in 2010 and currently employs over 250 people. After hearing that you are undertaking a course in accounting as part of your postgraduate degree, George is seeking your help regarding the potential purchase of this business. George has asked you to analyse the accounts of Deli Foods Pty Ltd in the past three years and to advise him on whether it is a good buy.


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