Fanincial Accounting
Financial Report for Briscoe Group and Michael Hill
This report is to give financial analysis of two New Zealand companies: Briscoe Group Limited (BG) and Michael Hill International Limited (MH) for the period between 2003 and 2007. The analysis is divided into six broad categories: Liquidity Analysis, Debt Management, Asset Management, Profitability Analysis, Return to Investment, and Recommendations.
1. Liquidity analysis
The liquidity ratios are used to test the firm’s ability to pay debts immediately. For MH, the current, quick, and cash flow liquidity ratios fluctuated from in the last 5 years. They are gradually declining due to declining cash flow from operation and increased borrowings. However, the quick ratio showed a dive in 2006 and 2007, and vertical analysis shows that it is caused by decreased cash on hand in 2006 and increased inventories in 2007. Those liquidity ratios are comparatively stable for BG though they fluctuated slightly and deteriorated in 2007.......
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Approximate Word Count: 804
Approximate Pages: 4 (250 words per double-spaced page)
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Fanincial Accounting
Fanincial Accounting. Financial Report for Briscoe Group and Michael Hill
This report is to give financial analysis of two New Zealand ...
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