ACC81210: Accounting for Managers - Accounting Assignment Help

Assignment Task:

Please show all relevant formulas used as well as your workings for all calculations.  Failure to show all workings will result in a loss of marks. 

Question 1:   
a) Coffee Hut purchased a coffee machine on the 1 January 2017 for $58,000.  The expected useful life is 7 years or 100,000 coffees.  The company uses a The residual value is expected to be $2,000.  The company uses an approximated reducing balance rate of 20%.  Sales (in cups) for coffee was as follows; 
 
2017     5,000 cups 
2018     6,500 cups 
 
Required:  
Calculate the annual depreciation expense for two (2) years (at the end of 2017 and 2018) using the following methods; 
 
1. Straight Line method
2. Reducing balance method
3. Units of production method   

Question 2
In the Grades and Feedback section of the Blackboard you will see you have been allocated a three letter ASX code. This is the ASX code of the company that you have been allocated for this assignment. You must only use the company you have been allocated.   
 
1. A2 Milk Company (A2M)
2. Bega Cheese  (BGA)
3. Woolworths Ltd (WOW)
 
Instructions: 
a. Access the annual reports for your allocated company for the years 2017 and 2019 in the Assessment folder of Blackboard. You should only use the figures from the annual reports provided - do not access your reports or figures from any other source. 
b. The annual reports provided will give you four years of financial statements for 2016, 2017, 2018 and 2019.  
c. Ensure you carefully follow the instructions, to not lose marks unnecessarily. 
d. Parts A, B and C will be marked using the rubric attached to the end of this assessment.  
 
A. Calculation of Ratios
Calculate the following six (6) ratios for the three years 2017 - 2019 (2016 financial information will assist you in calculating averages, where necessary).  You are to use only those ratio formulas that are contained within the prescribed textbook and/or PERCI content.
 
In each of the ratios, you should first write out the ratio formula that you used and then show the numbers that you used to calculate your answer, before showing your answer. Your answer should be in a format that indicates whether it is in %, times, ratio or days and to two decimal places. 
1. Operating Profit Margin  
2. Inventories turnover period 
3. Current ratio 
4. Quick ratio (acid test ratio) 
5. Debt to assets ratio (available on PERCI) 
6. Interest cover ratio (Times interest earned)

B. Company Analysis 
Given the ratios over three years, comment on the company’s profitability, efficiency, liquidity, financial gearing and investment ratios.   
 
You will also have available to you in your company folder in Blackboard additional ratios that have been calculated for the three years which may assist you with your analysis. 

C. Cashflow Analysis  
Examine the Statements of Cash Flows of your company for the years 2018 and 2019. Discuss the changes in each of the cashflows from operating, investing and financing activities. From this report, what information can you gather about the business' activities in each year? 

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