ACC 103 Assignment T2 19 This assignment will contribute 15% of student’s final mark. The assignment is due on Sunday, 22 September 2019 (week 9) at 11:59 PM. Students are to form groups of 3 or 4...

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ACC 103 Assignment T2 19 This assignment will contribute 15% of student’s final mark. The assignment is due on Sunday, 22 September 2019 (week 9) at 11:59 PM. Students are to form groups of 3 or 4 members. You should give careful consideration to the selection of members comprising the group. All groups formed are to provide the names of members to the Lecturer. It is very important for all members to take an active part in completing the assignment and make an equal contribution. Students must notify the Lecturer in a timely manner and provide substantiating documentation of any problems in relation to group work. This includes any member of the group not contributing to the team efforts. Completed assignments are to be uploaded on Moodle. Students should retain both hard and electronic copies of all work submitted for assessment. Late submission of assignments: Due dates will be strictly adhered to marks deducted for late submission in accordance to Stott’s College marking guidelines (5% per day, including public holiday and weekends). Only in the case of exceptional circumstances, students may apply for extensions for submission. Please refer to the Unit Outline for the policy on application of a special consideration. Case: You are hired by a client to conduct an analyst service for Woolworths Group as they are thinking of buying some shares for that company and become their investors. They asked for your help to conduct an analysis of Woolworths Group’s financial statements and give them some recommendation at the end whether to invest in the business or not. Required: Refer to Woolworths Group financial statements 2018 and 2017 and make a formal report to your client and use the below questions as a guideline for you to make a recommendation. 1. How much profit did they earn for the period ended 2018? Do a horizontal analysis for the profit and use 2017 as the base year! Is it better or worse than 2017? Why do you think it happened? Comment on their overall financial performance in 2018 compared to 2017! (3 Marks) 2a. Calculate their Current ratio and Quick ratio for 2018 and 2017! Compare those two years and give comment whether they are better or worse in 2018! (3 Marks) 2b. Explain what are the differences between current ratio and quick ratio! What can you tell about the quick ratio in Woolworths group compare to their current ratio? Do some research on the industry average and comment whether it is normal for woolworths to have those numbers for their ratios. (3 Marks) 3. Have a look at the Statement of Cash Flow of Woolworths group in 2018! What does it mean by operating, investing and financing activities in the statements? Briefly comment on Woolworths group performance in those 3 activities in 2018! (3 Marks) Your report should be at the maximum of 1,000 words with reference list excluded from the word count. Your report should include: introduction, body, conclusion, recommendation and reference list (1 Mark). Correct reference list using APA style is required (1 Mark) and the report should be presented professionally (1 Mark). = Total: 15 Marks