accounts
Acct 621
Assignment #1
Due: May 14th 2020
Total Marks for Assignment: 100
Part 2:
You will prepare a financial analysis for an actual company, using the techniques you have learned so far during the course. The subject of your analysis will be Virgin Australia, an airline. Virgin Australia has been in the news recently – as part of this section, please review recent news on this company.
The Financial Statements are included on Moodle.
a.) Financial Analysis: (30 Marks)
Your analysis will include a calculation of the following ratios for 2018 and 2019 fiscal years:
1.) Profit Margin
2.) Debt to Asset Ratio
3.) Current Ratio
4.) Comment on the Basic Earnings per Share Amount
Please provide a commentary on the result of the ratio or calculation, and your assessment of whether this is a positive or negative.
b.) Review Annual Report: (20 Marks)
The annual report for the company can be found at the following link:
Please review the annual report. Once you have reviewed the report provide your comments as to what you think the most important financial risk areas are to this company. Please relate your comments back to the financial statements where possible.