Case Study Assessment
In ACC101 we have been examining the financial accounts of JB Hi-Fi (mostly for 2012). You are now requested to obtain the JB Hi-Fi Statements up to 30 June 2017, and analyse the financial position and performance of JB Hi-Fi, and compare it to their performance in recent years.
Required:
Please include in your individual analysis:
· An explanation of your understanding of the purpose of financial accounting statements,
· An evaluation of the accounting practices used to produce the JB Hi-Fi annual report,
· An analysis of the annual report using financial ratio tools, and
· Your opinion on the future for JB Hi-Fi.
Financial information on JB Hi-Fi can be obtained from either:
http://www.asx.com.au/
under trading code JBH, or
https://www.jbhifi.com.au/General/Corporate/Shareholder-Matters/Financial-Annual-Reports/
Use the full Annual Report released in September and not the Preliminary Final Annual Report
Some common financial ratio tools might be:
Profitability ratios
· Return of equity
· Return on assets
· Financial leverage
· Asset turnover
· Earnings per share
Liquidity ratios
· Cash ratio
· Current ratio
· Quick ratio
· Receivables turnover
· Inventory turnover
Solvency ratios
· Times interest earned
· Cash coverage ratio
· Debt-to-equity ratio
Market based ratios
· Price/earnings ratio
· Dividend yield ratio
Case Study Assessment
In ACC101 we have been examining the financial accounts of JB Hi-Fi (mostly for 2012). You are now requested to obtain the JB Hi-Fi Statements up to 30 June 2017, and analyse the financial position and performance of JB Hi-Fi, and compare it to their performance in recent years.
Required:
Please include in your individual analysis:
· An explanation of your understanding of the purpose of financial accounting statements,
· An evaluation of the accounting practices used to produce the JB Hi-Fi annual report,
· An analysis of the annual report using financial ratio tools, and
· Your opinion on the future for JB Hi-Fi.
Financial information on JB Hi-Fi can be obtained from either:
http://www.asx.com.au/
under trading code JBH, or
https://www.jbhifi.com.au/General/Corporate/Shareholder-Matters/Financial-Annual-Reports/
Use the full Annual Report released in September and not the Preliminary Final Annual Report
Some common financial ratio tools might be:
Profitability ratios
· Return of equity
· Return on assets
· Financial leverage
· Asset turnover
· Earnings per share
Liquidity ratios
· Cash ratio
· Current ratio
· Quick ratio
· Receivables turnover
· Inventory turnover
Solvency ratios
· Times interest earned
· Cash coverage ratio
· Debt-to-equity ratio
Market based ratios
· Price/earnings ratio
· Dividend yield ratio