Financial Performance of WaveRider: Ratio Analysis and Recommendations

Running head: INTRODUCTION TO ACCOUNTING
Introduction to accounting
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1INTRODUCTION TO ACCOUNTING
Executive summary
The report will focus on the financial performance of WaveRider, a small business that provides
services through hiring wetsuits and surf equipments and arranging the surfing lessons. The report
will focus on the performances through computing various ratios like profitability ratio, liquidity
ratio and financial stability ratio. It will also focus on additional business scenario regarding
Australian sports and recreation industry. Finally based on the analysis, the report will provide
recommendation to enhance the profitability.

2INTRODUCTION TO ACCOUNTING
Table of Contents
Introduction..........................................................................................................................................3
Financial statement analysis.................................................................................................................3
Additional business scenario................................................................................................................4
Limitation of ratio analysis...................................................................................................................4
Conclusion and recommendation.........................................................................................................5
References............................................................................................................................................6
Appendix..............................................................................................................................................7