ACCOUNTING AND FINANCE FOR BUSINESS 代写

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ACCOUNTING AND FINANCE FOR BUSINESS 代写

Assignment Group Members

Name	Student ID	Initial to confirm that you contributed a fair share to this assignment and agree with all answers provided.	Stock(s) Codes Allocated

Enter your answers to each of the three case studies below each case study, adding additional pages as required.

Statement of Student Responsibility
By submitting any piece of work you agree that:
1.              The work is your own work or the work of the group.
2.              You have made a reasonable contribution to the assignment submitted by your group.
3.              You have not previously submitted all or part of this work for assessment in any subject, unless the subject coordinator for the current subject (or your research supervisor, if applicable) has given you written permission to reuse specific material and you have correctly referenced the material taken from your own earlier work.
4.              You have read and agreed to be bound by the Statutes, Regulations and Policies of the University relating to Academic Misconduct available at www.latrobe.edu.au/learning/integrity.html; and
5.              You may be subject to student discipline processes in the event of an act of academic misconduct by you including an act of plagiarism or cheating.

Plagiarism means the reproduction of someone else's words, ideas or findings and presenting them as your own ideas without proper acknowledgement and includes:
·                Direct copying or paraphrasing from someone else's published work (either electronic or hard copy) without acknowledging the source;
·                Using facts, information and ideas derived from a source without acknowledgement;
·                Producing assignments (required to be independent) in collaboration with and/or using the work of other people; and
·                Assisting another person to commit an act of plagiarism.
You further grant to the University or any third party authorised by the University (www.latrobe.edu.au/text-match) the right to reproduce and/or communicate (make available online or electronically transmit) the work you have submitted for the purpose of detecting plagiarism.

文本框: Allocate out the following stocks among all members of your team, with each member being responsible for at least one stock. Note the stock allocation on the front sheet.

ARB Corp Ltd ARB
Automotive HoldingsGroup Ltd AHG
AP Eagers Ltd APE
SuperRetail Group Ltd SUL

The assignment is divided into three case studies. Each team is required to provide an answer to each case study. Each case study is divided into several tasks, some of which must be completed individually in respect of each of the above listed companies, with each member of the team responsible for drafting an answer in respect of at least one of the listed companies above. Other tasks require the team to come together to analyse the results provided by individual group members on each of the above listed companies.

Please note however, it is a group assignment so prior to submission it is the responsibility of every member of the team to confirm that they agree with the answers provided by the team in relation to all stocks. This provides a wonderful opportunity for all team members to help each other develop some analytical and interpretative skills in respect to financial analysis.

Please note also that all work is to be combined into a SINGLE well presented assignment and that only ONE assignment is to be submitted on behalf of the group into the LMS Assignment Box, which is found on the Assignment page of the eBook.

Case Study 1

Table 1

	ARB	AHG	APE	SUL	Mark
Date of Last Price					4
Last Price (AUD)					4
Shares Outstanding (M)	79.2	331.6m	190.5m	197.2m
Market Cap (B AUD)					4
Earnings Per Share (AUD) (TTM)	$0.599	$0.331	$0.503	$0.577
Current P/E Ratio (TTM)					4
Dividend (AUD) (TTM)	$0.315	$0.225	$0.320	$0.415
Current Dividend Yield (%)					4

Table 2

	Definition/Explanation	Mark
Last Price		1
Bid Price		1
Ask Price		1
Shares Outstanding		1
Market Capitalisation		1
Beta		1
Earnings Per Share (TTM)		1
Current P/E Ratio (TTM)		1
Dividend Per Share (TTM)		1
Current Dividend Yield (%)		1

Case Study 2

文本框: FACT SET
Go to https://au.finance.yahoo.com and obtain the closing adjusted price for each of the four stocks on the 31st December for each year from 2009 to 2015.
[Enter the stock code in the “Search” field at the top of the screen. Click the “Historical data” tab.Adjust the time period to commence 1/1/2008. Ensure the show field is set to “Historical prices”; ensure the frequency is set to “Daily”. Click on the “Apply” button. Scroll down to find and record the December Adjusted Close Price for the last trading day of each December. You can download the data in Excel using the download data function.]
Go to https://au.finance.yahoo.com and obtain the dividends paid by each of the four stocks for each year from 2009 to 2015.
[Enter the stock code in the “Search” field at the top of the screen. Click the “Historical data” tab. Adjust the time period to commence 1/1/2008. Ensure the show field is set to “Dividends only”; ensure the frequency is set to “Daily”. Click on the “Apply” button. Scroll down to find and recordthe dividends paid in each relevant year.]

TASKS
Calculate the Holding Period Return for each company for each year from 1st January 2010 to 31st December 2015. [Marks 4 x 5]
Estimate the Expected Return of each company based on your historical sample of returns. [Marks 4]
Estimate the risk of each company based on your historical sample of returns. [Marks 4]
Calculate the five-year Total Return to Shareholders of each company over the period from 31st December 2010 (Year 0) to 31st December 2015 (Year 5), using the following formula:
[(〖Price〗_(Year 5)+〖Dividends〗_(Years 1-5))/〖Price〗_(Year 0) ]^(1⁄5)-1
[Marks 4]
Compare and contrast the risk and return of each company. [Provide a single agreed answer per team.] [Marks 18]

TOTAL MARKS
50

Case Study 3

文本框: FACT SET
Go to the website for your allocated company and obtain the Income Statement and Balance Sheet for the company for the 2009/10 (Year 0) and 2014/15 (year 5) financial years. You will find this information in the relevant Annual Reports.

TASKS
Based on the information contained in these statements calculate for each company:
The annual growth in Earnings per Share over the five years to 30th June 2015, using the following formula.
[〖EPS〗_(Year 5)/〖EPS〗_(Year 0) ]^(1⁄5)-1
[Marks 4 x 5]
The Net Profit Margin, Asset Turnover Ratio, Leverage Ratio, Net Debt to Equity Ratio and Return on Equity for the company for both financial years. [Marks 4 x 10]
Demonstrate what would happen to the 2014/15 Return on Equity and the Net Debt to Equity Ratios if your allocated company just prior to the end of the 2015 financial year raised an additional $50 million loan from the bank, which it invested entirely in new plant and equipment. Assume that the immediate effect on sales and net profit was zero. [Marks 10]
Demonstrate what would happen to the 2014/15 Return on Equity and the Net Debt to Equity Ratios if your allocated company just prior to the end of the 2015 financial year instead of raising the additional loan raised an additional $50 million through the sale of new shares to the public, which it used to pay for the new plant and equipment. Assume that the immediate effect on sales and net profit was zero. [Marks 10]
Compare and contrast the financial performance of the companies over the past 5 years. [Provide a single agreed answer per team.] [Marks 15]
Use your analysis of the financial performance of the companies over the past 5 years to explain any differences in the Total Return to Shareholder between the companies over the past 5 years, which you have calculated in Case Study 2. [Provide a single agreed answer per team.] [Marks 15]

TOTAL MARKS
110

ACCOUNTING AND FINANCE FOR BUSINESS 代写