Assignment:
Annexed herewith are the extracts of financial statements of Downturn PLC during their first five years of operations. Downturn PLC engages in garment industry.
Required:
You are the newly appointed Financial Controller of Downturn PLC.
Write a report to the board of directors analysing the performance of Downturn PLC using financial ratios in Profitability, Liquidity, Efficiency and Goering.
In your analysis you shall ccalculate the following financial ratios using year-end figures of balance sheet items