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n- in some cases, you will need to manually calculate other ratios to provide substantivenreasons and discussions for the trend captured in a published ratio.

by | Sep 20, 2022 | Accounting | 0 comments

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– In this assignment, you are required to do a liquidity analysis of Flight Centre Travel Group Limited (FLT) based on the latest 5-year financial statements. The financial data is available on Morning Star (DatAnalysis) database (screenshots will be provided).nn- For the latest five-year period of your chosen company, assess the company’s liquidity. The table below summarises some of the relevant ratios for each ratio category (table is attached as an image). n- Note: Each ratio does not sit in a vacuum. One ratio interlinks with other ratios of different categories. Therefore, you need to draw in more than 2 ratios in each category to provide substantive reasons and discussions. Industry average and competitors’ data also form a good platform to put your discussion into perspective. For example, a large difference between current ratio and quick ratio can be explained by an inventory build-up.n- This can be confirmed by looking at inventory turnover (in days) which is longer compared to its competitors or the industry average. In that case, it could mean the company has difficulties to attract customers, which can also explain why it provides a longer credit term (receivable turnover ratio in days). n- In some cases, you will need to manually calculate other ratios to provide substantivenreasons and discussions for the trend captured in a published ratio. For example, a steadynincrease in revenue over a five-year period can be explained by a rapid expansion of thencompany. However, revenue per store indicates a negative growth which can be detrimental for the company. This revenue per store is a ratio that is not readily available and will need to be calculated manually, and it is dependent on the availability of the data. Some companies disclose the number of stores(outlets) they have in their annual reports. n- The other companys are Webjet (WEB) and Wotif (WTF) and Hello World (HLO)n- Include the current ratio, acid test and a comparative analysis.n- 2016 Q3 to now 2022 (5 years).n- Marking rubric for liquidity analysis attached.n-APA 7th reference.n- Please let me know if you need other documents, I can provide it for you if you don’t have access to DatAnalysis.n- Add graphs where necessary for the analysis.

 

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