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Assignment Ficd

The document outlines a group assignment for a financial statements and analysis course. It provides instructions for the assignment such as the subject code, title, duration, dates, and names of the students and lecturer. It also includes an analysis of various financial ratios for an industry in 2017, categorized into activity ratios, liquidity ratios, debt ratios, and profitability ratios. The ratios are calculated using figures provided for sales, assets, liabilities, inventory, receivables, costs, and profits. Students are to submit the completed assignment by April 25th, 2022.

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Eiril Daniel
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33 views5 pages

Assignment Ficd

The document outlines a group assignment for a financial statements and analysis course. It provides instructions for the assignment such as the subject code, title, duration, dates, and names of the students and lecturer. It also includes an analysis of various financial ratios for an industry in 2017, categorized into activity ratios, liquidity ratios, debt ratios, and profitability ratios. The ratios are calculated using figures provided for sales, assets, liabilities, inventory, receivables, costs, and profits. Students are to submit the completed assignment by April 25th, 2022.

Uploaded by

Eiril Daniel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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DIPLOMA OF ACCOUNTANCY/ DIPLOMA IN BUSINESS STUDIES

GROUP ASSIGNMENT

APRIL 2022

SUBJECT CODE : FICD113

SUBJECT TITTLE : FINANCIAL STATEMENTS AND ANALYSIS

TIME/DURATION : 4 WEEKS

DATE : 28 MARCH 2022

LECTURER’S NAME : UMI SAKINAH BT ZAKARIA

STUDENT’S NAME :

NAME ID NUMBER
NUR ALISSA AISHA BINTI MUHAMMAD DA98
SAM ROSFASHIRARINA A/P SAM FAAT LONG DA98686
NG JIA YI DB
ZAMLAH A/P ZAMLAN DB

SUBMISSION DATE : 25 APRIL 2022

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1. Activity ratios Industry average, 2017
a) Inventory turnover cost of goods sold/closing inventory
=7,500,000/950,000
= 7.89 times
b) Average collection period acc. receivable/sales × 365 days
=800,000/10,000,000×365
=29.2 days
c) Total assets turnover sales/total assets
=10,000,000/12,000,000
=0.83

2. Liquidity ratios Industry average, 2017


d) Current ratio current assets/current liabilities
=2,000,000/1,200,000
= 1.7 times
e) Quick ratio Current assets-inventory/current liabilities
=(2,000,000-950,000)/1,200,000
= 0.875 times

3. Debt ratio Industry average, 2017


f) Debt ratio total liabilities/total assets
=4,200,000/12,000,000
=0.35
g) Time interest earned EBIT, operating profit/interest
=1,300,000/200,000
=6.5times

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4. Profitability ratio Industry average, 2017
h) Gross profit margin gross profit/sales×100
=2,500,000/10,000,000×100
=25%
i) Operating profit margin EBIT/sales×100
=1,300,000/10,000,000×100=13%
j) Net profit margin net profit after tax/sales×100
=660,000/10,000,000×100
=6.6%
k) Return on assets net profit/total assets×100
=660,000/12,000,000×100
=5.5%
l) Return on equity Net profit/total equity×100
=660,000/7,800,000×100
=8.46%

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