Accounting

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MAA103 & MAAP103 - Accounting for Decision Making ASSIGNMENT – TRIMESTER TWO, 2011 (Relates to Topic 4)
Represents 20% of the assessment for this unit
DUE DATE: ASSIGNMENT PLANNER: MONDAY 1 AUGUST, BY 5.00pm FINAL ASSIGNMENT: THURSDAY 8 SEPTEMBER, BY 5.00pm NOTE the following general submission points:
1.
2.
3.
4. 5.
Assignment can be completed in groups of no more than THREE students. Students CAN NOT complete assignment with students from other lecturers classes. Only ONE hardcopy of assignment planner and final assignment per group is to be submitted. However, each student must submit a separate Assignment Attachment Form with their final assignment. If a cover sheet is not attached NO MARKS will be given. Additionally, ONE copy of the Assignment Mark Sheet (attached on page 8 of this assignment) must also be submitted with your assignment. Do NOT submit assignment in a plastic folder or plastic pocket. This assignment consists of TWO components - an assignment planner AND final assignment: both components must be completed. Submission of your Assignment Planner will carry two (2) marks which will be awarded with the final assignment submission (see page 3 for requirements) The assignment planner and final assignment MUST be typed. The final assignment must be single sided, using Arial 12 font size, properly referenced and ideally 1.5 line spacing (refer to ‘Guide to assignment writing and referencing booklet) and include a REFERENCE LIST (minimum of 6 references should be used) in alphabetical order outlining the textbook(s) and any articles, electronic sources etc. used. Marks will be deducted if your work is not properly referenced or a reference list not attached. Read and adhere to the Assignment Submission and Plagiarism Notice on page 6 of your unit outline carefully. If students are found copying from other students or using a previous trimester’s assignment to complete this assignment then a ZERO result will be awarded. All assignments should be placed in your lecturer’s pigeon hole located in building la on level 4 MIBT (next to room la4.111) by the due date. Maximum word limit for report is 2500 words (word limit excludes reference list). If the word limit is exceeded by more than 10% then marks will be deducted. MAA103 – Accounting for Decision Making

Final Assignment requirements:
2500 words maximum (excluding appendices) for final assignment. A deduction of 2 marks will apply if the number of words is under or over by more than 10% of 2500 words. Assignment Objective: The objective for this assignment is for you to perform and interpret financial ratios, that is, provide ratio analysis of financial statements over a two year period (2009 through 2010) and together with all other relevant information, advise on these organisations as investment opportunities. The companies to be analysed are: 1. Country Road Limited (CTY): 2. The Reject Shop Limited (TRS): Country Road Ltd.

(Consolidated) for years ended 30 June
The Reject Shop Ltd. (Consolidated) for years ended 30 June
KEY RATIOS
2009
2010
2009
2010
Gross Profit Margin
58.96%
58.16%
46.14%
46.95%
Net Profit Margin
6.42%
4.85%
6.91%
6.95%
Return on Equity
20.87%
14.54%
48.14%
45.30%
Asset Turnover (Times)
2.42 times
2.88 times
4.29 times
3.51 times
Return on Assets
15.53%
13.97%
29.66%
24.46%
Inventory Turnover (Days)
97 days
87 days
65 days
74 days
Debtors Turnover (Days)
3 days
6 days
NA
NA
Creditors Turnover (Days)
69 days
61 days
26 days
30 days
Current Ratio
1.11
1.33
0.868
1.02
Quick Ratio
0.47
0.33
0.023
0.095
Debt Asset Ratio (total debt)
47.07%
34.37%
58.92%
51.51%
Debt Equity Ratio( total debt)
88.94%
52.37%
143.4%
159.8%
Times Interest Earned (Times)
186.49 times
30.24 times
19.34 times
24.27 times
Trimester 2, 2011Page 2
MAA103 – Accounting for Decision Making
REQUIRED –
Assignment Planner requirements:
After forming your groups, complete, TYPE and submit ONLY...
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