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Assignment 2: Case Study - Dick Smith Holdings Limited (Example)

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Dick Smith Holdings Limited Name: Institutional Affiliation: Part A b The two ratios indicating Dick Smith was headed for receivership include current ratio and quick ratios. The current ratio is obtained by dividing current assets by current liabilities. It provides a clear glimpse of the financial health of a firm. It indicates the capability of a company to handle short-term loans within twelve months. A higher current ratio means a company can meet its financial obligation comfortably. The current Ratio gives a projection of liquidity. From the current ratio of 1.23 shows that the company would struggle to meet its financial obligation. The best ratio needs to be 2:1. As such for every $2 of current liability there is $1 for current assets. Dick Smith experienced a decline in current assets due to increase in current liabilities. As such the company had barely enough current assets to pay current huge inventories. Nonetheless identifying such risks is only possible if the company discloses all the financial information. Unfortunately the company was not willing to disclose its financial health position to continue obtaining loans. To survive in future the company needs to have a formidable audit committee to carry out internal auditing and provide solutions to the risks facing the company. In conclusion corporate governance is vital to the survival of all firms. Dick Smith would have survived it observed the three principles. Initially Dick Smith performed exemplary hence being listed on the ASX. Unfortunately its current ratio and quick ratio does not provide any hope for the company shortly. The company has no enough working capital its inventory and receivables must be enhanced and profit margin that needs to be pushed up. As for now it would be unwise to invest in the firm since it is under receivership. [...]

Order Description:

Description This assignment requires you to answer 3 problem-solving questions relating to a study of the company, Dick Smith Holdings Limited. The Assignment Questions Download this Word document, Assignment 2 (Word), with the questions. Updated 6 July Answer the questions and then submit your completed assignment via the Submission Point below. Marks allocated to each part of the assignment: Part A - 11 marks Part B - 7 marks Part C - 12 marks The word limit for each question is stated in the downloadable document. Make sure that you also complete the Cover Sheet below relating to this assignment. Required resources ASX Corporate Governance Council - Corporate Governance Principles and Recommendations (The Third Edition) Dick Smith 2015 Annual Report

Subject Area: Accounting

Document Type: Dissertation

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $50

Words 1100

Pages 4

Completed in 10 days

Expert WriterNimm

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08.03.2017

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