Corporate Financial Management Assignment 1 INSTRUCTIONS TO STUDENTS This Assignment consist of one Question Assignment carries Total of 100 Marks Due Date:
Question (100 Marks) The Following financial information related to GlobeMau co: 20X720X6$$000000Sales (all on credit) 37400 26720Cost of Sales 34408 23781Operating Profit 2992 2939Finance costs (interest payments) 355 274Profit before Taxation 2637 266520X720X6$$$$000000000000Non Current Assets 13632 12750Current Assets Inventory 46002400Trade receivables 4600220092004600Current Liabilities Trade Payables 47502000Overdraft 3225160079753600Net Current Assets 1225 100014857 137508% Bonds 2425 242512432 11325Capital and Reserves Share Capital 6000 6000Reserves 6432 532512432 11325The average variable overdraft interest rate in each year was 5%. The 8% bonds are redeemable in ten years’ time. Required: Use the above financial information to discuss, with supporting calculations, the financial performance of GlobeMau.
Corporate Financial Management Assignment 1 INSTRUCTIONS TO STUDENTS This Assignment consist of one Question Assignment carries Total of 100 Marks Due Date:Question (100 Marks) The Following financial information related to GlobeMau co: 20X7 20X6 $ $ 000 000 Sales (all on credit) 37400 26720 Cost of Sales 34408 23781 Operating Profit 2992 2939 Finance costs (interest payments) 355 274 Profit before Taxation 2637 2665 20X7 20X6 $ $ $ $ 000 000 000 000 Non Current Assets 13632 12750 Current Assets Inventory 4600 2400 Trade receivables 4600 2200 9200 4600 Current Liabilities Trade Payables 4750 2000 Overdraft 3225 1600 7975 3600 Net Current Assets 1225 1000 14857 13750 8% Bonds 2425 2425 12432 11325 Capital and Reserves Share Capital 6000 6000 Reserves 6432 5325 12432 11325 The average variable overdraft interest rate in each year was 5%. The 8% bonds are redeemable in ten years’ time. Required: Use the above financial information to discuss, with supporting calculations, the financial performance of GlobeMau.
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