acc問題~!幫幫手! [復制鏈接]

Tasks

[Outcome 3 A and 3 B]

Karen and Tammy Co. Limited is a trading company in computer. In the capacity of the financial controller, you have calculated a number of ratios relating to the years ended 31 December 2003 and 31 December 2004. In addition you have collected the industry average for the purposes of comparison. There have been no changes in price levels between 2003 and 2004. The ratios you have calculated as a reflection of business performance are as follows.


     

2004      

2003      Industry
Average
2004
Return on capital employed before tax (ROCE)      19%      19%      19%
Return on owner’s equity before tax (ROOE)      24%      21%      16%
Gross profit margin      23%      25%      20%
Net profit margin      14%      12%      9%
Leverage      45%      51%      65%
Current ratio      1.6      1.8      1.4
Quick ratio      0.8      0.8      0.8
Accounts receivable collection period      32 days      26 days      29 days
Accounts payable payment period      63 days      42 days      42 days
Inventory turnover      68 days      72days      72 days

Required:
Comment on the significance of these ratios, highlighting their implications for management strategy in 2004 and in future. Your commentary should be from the perspective of benefit to shareholders.

d 數的 order 係咪:
2003, 2004, Industrial Average

2004,2003同Industrial Average2004.

你知唔知d ratio 係比較d先?

下面是引用淺雲於2005-10-19 00:32發表的:
你知唔知d ratio 係比較d先?

唔明..=.="
我都係幫人問架乍...=.=

Return on capital employed before tax (ROCE) 即係公司0既投資回報率係正常
Return on owner’s equity before tax (ROOE)係反映0左呢間公司今年return 俾owner's 0既利潤係多0左,亦同時反映0左呢間公司比去年及同行賺多0左$
Gross Profit Margin is decrease in 2004 because the cost of sales is increase or sales is decrease in 2004
Net profit margin is increase in 2004
it is because the expenses may be increase.同埋呢間公司比同行賺得多$
Current Ratio is lower than 2003 but this ratio is between 1.5-2.0
The company should have enough current assets to meet its short term obligation as they fall due. 佢\0既同行0既Current Ratio 係比正常偏低,所以佢\0既還款能力係比較好
Their Quick Ratio is not good because it is lower than 1.
It may indcate that the company and industry is facing a liquidty problem.
Because Quick ratio is a better test of immediate solvency of a business as it takes time to convert stock into cash.
Accounts receivable collection period is longer than industry and longer than 2003
it indicate the debtors always make a payment later. 咁有可能令到Bad Debt increase.
The company should be compare with the stated credit policy.
Accounts payable payment period 長0左即係表示間公司還$ 俾人係遲0左好多,間公司有可能係因為資金週轉不靈所以導致到咁0既情況
Inventory turnover is indicate the stock management is better than 2003 and industry avg, becuase this ratio is less than 2003 and industry avg.

好長0既一條數
我識做0既只有咁多

希望幫到佢諗到剩低0個d 點做啦~