The assignment information will require students to analyse data and to prepare a written report based on their analysis of that data.
The following business transactions and business events relate to Violet Chan’s Consultancy Pty Ltd.
You are required the complete 6 (six) tasks using the following information.
Transaction of June 2016
1 June Violet contributed $15 000 in her business given to her by her Aunt Kate.
4 June Purchased new computer for her business $1200 on credit
5 June Received $500 for services rendered
6 June Paid offie rent $400
7 June Negotiated with Olivia possible casual employment contracts totalling $1500
8 June Aunt Kate injected a further $2000 gift into Violet’s business
9 June Billed a client $500 for services rendered
10 June Received an invoice for new reception desk $3400
11 June Paid salary $1500
15 June Paid telephone bill $65
16 June Sent a quote for a large prospective job $4800
16 June Paid office cleaning bill $231
20 June Paid offie rent $400
23 June Received $250 for consultation work completed
24 June Sent invoice for service rendered for $4800
26 June Paid salary $1500
28 June Paid in full for the reception desk bought on 10 June 2013
30 June Paid for advertising $200
Adjusting entries
30 June Depreciation for computer is $170
30 June Depreciation for furniture is $130
You must follow the following formats to complete the required tasks for this assignment.......
Task 6: Ratio analysis report: Calculate the following ratios and summaries your analysis in a report of 500 words. You must show the calculation of the ratios. (Hints: you may need some information from the Balance Sheet of 2015 that is provided below.)
a) Current ratio
b) Asset turnover ratio
c) Return on assets
d) Debt to equity ratio
e) Debt ratio
f) Equity ratio
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