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(Doc) Assignment on Auditing

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Added on  2020-10-22

(Doc) Assignment on Auditing

   Added on 2020-10-22

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Auditing
(Doc) Assignment on Auditing_1
TABLE OF CONTENTSa. Performing an analytical review of the company’s performance using historical information(2017 & 2016) and forecast information (2018)..........................................................................3b. In accordance with the results of the analytical review assessing the ability company inrelation to continuing a going concern in the future....................................................................5REFERENCES................................................................................................................................6
(Doc) Assignment on Auditing_2
a. Performing an analytical review of the company’s performance using historical information(2017 & 2016) and forecast information (2018)Ratio analysis tool provides assistance in evaluating financial performance of thecompany from several aspects such as profitability, liquidity, solvency and efficiency. By takinginto account such tool firm can assess whether performance is improved or deteriorated over thetime frame. Case scenario presents that demand for the products which are offering byBiotechnology Limited increasing continually. However, currently financial position ofBiotechnology Ltd is not good. Thus, to assess the performance in relation to the near future ratioanalysis tool has been applied. Ratio analysis of Biotechnology ltd for the period of 2016, 2017 and 2018 RatioFormula2018(forecasted)20172016Profitability RatiosGross marginGrossProfitSales * 10051.5%50.6%49.9%Net Profit marginNetProfitAfterTaxSales * 100 (Sofat andHiro, 2015)-285%-386%-493%Return on AssetsNetProfitAfterTaxTotalassets * 100-24.5%-64.7%-53.7%Cash Flow marginNetOperatingCashFlowSales * 100-119.5%-246.6%0.0%Return on EquityNetprofitattributable¿shareholders¿Equityinvestment* 100-10.6%-11.7%-11.5%Liquidity RatiosCurrent RatioCurrentAssetsCurrentLaibilities1.920.120.26
(Doc) Assignment on Auditing_3

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