Financial Performance, Funding, and Ethics in SME Finance Context

This report provides a comprehensive financial analysis of a small to medium-sized enterprise (SME), specifically focusing on the Trainline company. The report begins with a critical analysis of the company's financial performance by calculating key financial ratios, including current ratio, quick ratio, net profit ratio, gross profit ratio, total asset turnover ratio, and receivable turnover ratio, over a five-year period. It then moves on to the preparation of a projected cash budget for the years 2017 to 2019, including the calculation of an average sales growth rate. The report also identifies various sources of finance available to the company, differentiating between internal and external sources, such as share capital, overdraft facilities, and debentures. Furthermore, it discusses the extent to which the entrepreneurial ecosystem is responsible for development and critically examines the ethical considerations related to the company, particularly in the context of an IPO. The report concludes with a summary of the findings and includes a list of references.