University : Swinburne University of Technology UniLearnO is not sponsored or endorsed by this college or university.
Subject Code : ACC10010
Country : Australia
Assignment Task

 

Section 1

Assume a hypothetical (make up a retail business of your choice) profitable retail business that has been operating since 2010. List a set of figures for income, expenses, assets, liabilities, and capital for the years ended 2019 and 2020. This requires two sets of figures, one lot for 2019 and another set of figures for 2020. No transactions needed.
 

Section 2

Using the figures from Section 1, construct the Income Statements and Balance Sheets for this business for the years ended 2019 and 2020. (two Income Statements and two Balance Sheets)
 

Section 3

Identify the nature and purpose of ratios used in financial analysis by selecting an appropriate ratio to examine

  •  the profitability of the business
  •  the efficiency of asset management

Explain the purpose for each of the two ratios you have selected. Provide the formulas.

 


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