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Financial Support

In: Other Topics

Submitted By gavinitfc123
Words 1593
Pages 7
Daz Ware
Gaz Price
Justine Williams

Managing Financial Principles and Techniques

Assignment 1

1. Explain what documents and statements you have consulted.

The Group Income Statement (P&L) and the Group Balance sheet were consulted. The following information was extracted. A companies profit and loss account shows revenue, expenditure and the profit or loss resulting in operations for a given financial year.

Item 2012
£ M 2011
£M
Sales (Revenue) 64539 60455
Cost of Sales (59278) (55330)
Gross Profit 5261 5125 Overheads Expenses (1652) (1640) Property 376 432
Net Profit 3985 3917

Balance Sheet for Tescos – A financial statement showing measures of the assets, liability and owners equity or net worth of a business firm or non-profit organization as of a specific moment in time.

2012
£ M 2011
£ M
Fixed Assets 37918 35167
Current Assets Adjusted for stock 12353 11608
Current Liabilities (19180) (17731)
Net Assets 31091 29044

2. Use relevant ratios to measure the performance of the target company. Explain why you have used these measures and what the results mean in terms of strengths and weaknesses.

Ratios 2012 2011

Current Ratio: Current Assets 12353 11608 Current Liabilities 19180 17731

= 0.64 : 1 = 0.65 : 1

The current ratio should be 1:1 in an ideal world but it is acceptable to be lower for a cash rich company. This shows that the current ratio is marginally reduced from 2011.

Acid Test: Current Assets – Stock 12353-3598 11608-3162 Current Liabilities 19180 17731

= 0.46 : 1 = 0.48 : 1

The acid test shows a more accurate account of what is actually happening in the company.

Gross Profit: Gross Profit x 100 5261 x 100 5125 x 100
Sales 64539 60455

= 8.15% =8.48%

The gross profit…...

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