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HI6026 Audit, Assurance and Compliance | Study

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Holmes Institute Sydney

   

Audit, Assurance and Compliance (HI6026)

   

Added on  2020-03-01

HI6026 Audit, Assurance and Compliance | Study

   

Holmes Institute Sydney

   

Audit, Assurance and Compliance (HI6026)

   Added on 2020-03-01

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1 Name:Course Professor’s nameUniversity nameCity, StateDate of submission
HI6026 Audit, Assurance and Compliance | Study_1
2IntroductionQ1 Financial and ratio analysis of DIPL for the years 2013, 2014, 2015Ratios give the company’s position in relation to many portfolios that are happening withinthe company. Ratio analysis in this case will improve a companies and managements level of knowing how to make decisions that are for the betterment of the company (Advanced audit and assurance, 2013).RatioFormula201520142013Current ratioCurrent AssetsCurrent Liabilities9600929/6397500=1.507509150/5120250=1.475385938/3780000=1.42Debt ratioTotalLiabilitiesTotal Assets6397500/26147991=0.245120250/15903900=0.323780000/12930000=0.29Quick RatioCash + AccountsReceivable347120+5073309/6397500=0.85517788+4320000/5120250=0.94647250+2482500/3780000=0.82
HI6026 Audit, Assurance and Compliance | Study_2
3Current LiabilitiesDebt EquityratioTotal DebtTotal Equity6397500/12250491=0.525120250/10783650=0.473780000/9150000=0.413Gross profit RatioGross ProfitNet Sales6604500/43459500=0.1526079500/37699500=0.1616004500/34212000=0.175Net profit RatioNet Income *Net Sales2972183/6604500=0.452291362/6079500=0.382359190/6004500=0.39Time Interest RatioEBITInterest Expense3867337/808038=4.793357037/83663=40.123454650/84379=40.94Ratio formula201320142015Return on EquityNetIncome *2972183/ 12250491=0.2422291362/ 10783650=0.2122359190/ 9150000=0.257
HI6026 Audit, Assurance and Compliance | Study_3
4EquityROANet Income *(Beginning + EndingTotal Assets) / 22972183/26147991==0.1142291362/15903900==0.1442359190/12930000==0.182Days in recievable ratioGross ReceivablesAnnual Net Sales /3654180500/6604500/365=230.96 days2797238/6079500/365=167.86 days2362500/6004500/365=144.01 daysInventoryturnover ratioCost of GoodsSoldAverage Inventory36855000/4180500=8.81631620000/2671362==11.8828207500/2256188=12.50Receivable turnover ratioNet SalesAverage Gross Receivables6604500/5073309=1.306079500/4320000==1.406004500/2482500=2.41Ratio analysis
HI6026 Audit, Assurance and Compliance | Study_4

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