Essay on Employability Skills
MODULE CODE: TH60025E
MODULE TITLE: FINANCIAL MANAGEMENT
MODULE TUTOR: ROBIN STONE
ID NO. 21123658
INTRODUCTION
The main objective of any hospitality establishment is to provide to satisfuests employees, owners, and supplier’s etc. satisfaction of stake holders examine in terms of various financial statement. The three major financial statements are balance sheet, the income statement and the statement of cash flows. Carlucci’s restaurant is one of throe establishment it is a café restaurant and food shop founded in 1991 by Antonio and Priscilla Carlucci. Carlucci restaurant offers authentically Italian and delicious fresh food they company operates a chain of food store with a number of cafes. The company also offers of variety of products including pasta, sauces, mushrooms, herbs and spices etc.
CALCULATION OF FINANCIAL RATIOS
a) Return on capital employee
Operating ProfitShare Capital+Reserves+non crunnet Liabilities x 100
5,5212,852+1,020+3,552 x 100 = 87.89 % (2008)
2,9402,919+1,020+4,313 x 100 = 47.58% (2009)
b) Return on ordinary shareholder’s funds:
Profit for the year-any prefrence dividedOrdinary Share capital+reserves x 100
1,510-1,3122,852+1,020 x 100 = 127.87 % (2008)
17,367-12,7862,919+1,020 x 100 = 79.51 % (2009)
c) Asset Turnover: RevenueTotal Assets
6413700023,956000 = 2.677 Times (2008) 69,01700032,259000 = 2.139 Times (2009)
d) Sales/Net – Profit Margin: Net Profit Sales Revenue x 100 641373647 x 100 = 17.59 (2008) 690171510 x 100 = 45.710 (2009) e) Current Ratio: Current AssetsCurrent Liabilities
MODULE TITLE: FINANCIAL MANAGEMENT
MODULE TUTOR: ROBIN STONE
ID NO. 21123658
INTRODUCTION
The main objective of any hospitality establishment is to provide to satisfuests employees, owners, and supplier’s etc. satisfaction of stake holders examine in terms of various financial statement. The three major financial statements are balance sheet, the income statement and the statement of cash flows. Carlucci’s restaurant is one of throe establishment it is a café restaurant and food shop founded in 1991 by Antonio and Priscilla Carlucci. Carlucci restaurant offers authentically Italian and delicious fresh food they company operates a chain of food store with a number of cafes. The company also offers of variety of products including pasta, sauces, mushrooms, herbs and spices etc.
CALCULATION OF FINANCIAL RATIOS
a) Return on capital employee
Operating ProfitShare Capital+Reserves+non crunnet Liabilities x 100
5,5212,852+1,020+3,552 x 100 = 87.89 % (2008)
2,9402,919+1,020+4,313 x 100 = 47.58% (2009)
b) Return on ordinary shareholder’s funds:
Profit for the year-any prefrence dividedOrdinary Share capital+reserves x 100
1,510-1,3122,852+1,020 x 100 = 127.87 % (2008)
17,367-12,7862,919+1,020 x 100 = 79.51 % (2009)
c) Asset Turnover: RevenueTotal Assets
6413700023,956000 = 2.677 Times (2008) 69,01700032,259000 = 2.139 Times (2009)
d) Sales/Net – Profit Margin: Net Profit Sales Revenue x 100 641373647 x 100 = 17.59 (2008) 690171510 x 100 = 45.710 (2009) e) Current Ratio: Current AssetsCurrent Liabilities