Analysing Financial
Assignment: Frequently Asked Questions
代写财务分析作业 Yes, strictly you should but that would entail going back another year to get the opening figure for the comparator year.
Q: do I need to put in some background about the company/industry? 代写财务分析作业
A: that is up to you although it would be odd to have a report launch into financial details without any context being set.
Q: how many ratios should I use?
A: as many as you think fit and on which you can provide a meaningful comment.
Q: must I only use the ratios in the lecture or can I caluclate others?
A: you can calculate whichever ratios assist the most in the analysis.
Q: where will I find gross profit in the accounts of IAG?
A: you won't. Companies in services industries do not as a rule have gross profit since they do not buy and sell things.
Q: does it make sense to calculate inventory turnover in the case of IAG?
A: no, for the same reason given above.
Q: Should we not use average figures for the balance sheet items?
A: Yes, strictly you should but that would entail going back another year to get the opening figure for the comparator year. You can do this, if you like. What you must NOT do is use the average for the current year, and the year end figure for the prior year since that would not be consistent.
Q: where should I show my calculations? 代写财务分析作业
A: put all calculations and ratios in a table and present as an appendix to the report.
Q: do I need to explain why I have not included some ratios?
A: No.
Q: In some text books, the turnover ratios are calculated another way; which is right?
A: the formulae may be expressed differently but the result is the same.
Q: do we still calculate some ratios even where there are negative numbers?
A: you can still calculate loss per share though price/(negative) earnings ratio would make no sense (see example of Twitter, https://markets.ft.com/data/equities/tearsheet/summary?s=TWTR:NYQ). Negative rates of return could still be calculated though are difficult to comment on.
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