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Current assets Cash and cash equivalents Trade and other receivables Inventories Other financial assets Other current assets Assets held for sale Total current assets Non-current assets Trade and other receivables Other financial assets Lease assets Property, plant and equipment Intangible assets Deferred tax assets Other non-current assets Total non-current assets Total assets Current liabilities Trade and other payables Lease liabilities Borrowings Current tax payable Other financial liabilities Provisions Total current liabilities Non-current liabilities Lease liabilities Borrowings Other financial liabilities Deferred tax liabilities Provisions Other non-current liabilities Total non-current liabilities Total liabilities Net assets Equity Contributed equity Reserves Retained earnings Equity attributable to equity holders of the parent entity Non-controlling interests Total equity NOTE 3.1 3.2 5.2 3.1 3.2 3.3.1 3.4 3.5 3.7.3 3.8 3.3.2 4.6.3 3.2 3.9 3.3.2 4.6.3 3.2 3.7.3 3.9 3.10 4.3 4.4 5.3.3 2020 SM 2,068 740 4,434 534 16 7,792 333 8,125 154 168 12,062 8,742 7,717 1,327 177 30,347 38,472 7,508 1,560 2,027 131 84 1,881 13,191 13,168 1,904 3 204 918 52 16,249 29,440 9,032 6,022 391 2,329 8,742 290 9,032 RESTATED 2019 SM 1,066 682 4,280 45 6,073 225 6,298 145 633 8,252 7,793 736 59 17,618 23,916 6,676 274 84 58 1,793 8,885 2,855 24 345 986 337 4,547 13,432 10,484 5,828 490 3,783 10,101 383 10,484

Current assets Cash and cash equivalents Trade and other receivables Inventories Other financial assets Other current assets Assets held for sale Total current assets Non-current assets Trade and other receivables Other financial assets Lease assets Property, plant and equipment Intangible assets Deferred tax assets Other non-current assets Total non-current assets Total assets Current liabilities Trade and other payables Lease liabilities Borrowings Current tax payable Other financial liabilities Provisions Total current liabilities Non-current liabilities Lease liabilities Borrowings Other financial liabilities Deferred tax liabilities Provisions Other non-current liabilities Total non-current liabilities Total liabilities Net assets Equity Contributed equity Reserves Retained earnings Equity attributable to equity holders of the parent entity Non-controlling interests Total equity NOTE 3.1 3.2 5.2 3.1 3.2 3.3.1 3.4 3.5 3.7.3 3.8 3.3.2 4.6.3 3.2 3.9 3.3.2 4.6.3 3.2 3.7.3 3.9 3.10 4.3 4.4 5.3.3 2020 SM 2,068 740 4,434 534 16 7,792 333 8,125 154 168 12,062 8,742 7,717 1,327 177 30,347 38,472 7,508 1,560 2,027 131 84 1,881 13,191 13,168 1,904 3 204 918 52 16,249 29,440 9,032 6,022 391 2,329 8,742 290 9,032 RESTATED 2019 SM 1,066 682 4,280 45 6,073 225 6,298 145 633 8,252 7,793 736 59 17,618 23,916 6,676 274 84 58 1,793 8,885 2,855 24 345 986 337 4,547 13,432 10,484 5,828 490 3,783 10,101 383 10,484

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
100%

Calculate the ratios of Woolworths Group (Australian retail company) for the year 2020:

Ratios to calculate:

Profitability (ROSF, ROCE, Gross margin, Operating profit margin, Cash flow to Sales*)

Efficiency (Inventory turnover period, Average settlement period, Sales revenue to capital employed)

Liquidity (Current ratio, Acid test (quick) ratio, Cash flow ratio*).

Stability/Capital Structure (Gearing ratio, Interest cover ratio, Debt coverage ratio*)

Investment/Market Performance (Earnings per share, Price earnings ratio, Operating cash flow per share*)

Current assets Cash and cash equivalents Trade and other receivables Inventories Other financial assets Other current assets Assets held for sale Total current assets Non-current assets Trade and other receivables Other financial assets Lease assets Property, plant and equipment Intangible assets Deferred tax assets Other non-current assets Total non-current assets Total assets Current liabilities Trade and other payables Lease liabilities Borrowings Current tax payable Other financial liabilities Provisions Total current liabilities Non-current liabilities Lease liabilities Borrowings Other financial liabilities Deferred tax liabilities Provisions Other non-current liabilities Total non-current liabilities Total liabilities Net assets Equity Contributed equity Reserves Retained earnings Equity attributable to equity holders of the parent entity Non-controlling interests Total equity NOTE 3.1 3.2 5.2 3.1 3.2 3.3.1 3.4 3.5 3.7.3 3.8 3.3.2 4.6.3 29 3.2 ليا لنا 3.9 3.3.2 4.6.3 3.2 3.7.3 3.9 3.10 4.3 4.4 5.3.3 2020 $M 2,068 740 4,434 534 16 7,792 333 8,125 154 168 12,062 8,742 7,717 1,327 177 30,347 38,472 7,508 1,560 2,027 131 84 1,881 13,191 13,168 1,904 3 204 918 52 16,249 29,440 9,032 6,022 391 2,329 8,742 290 9,032 RESTATED¹ 2019 SM 1,066 682 4,280 45 6,073 225 6,298 145 633 8,252 7,793 736 59 17,618 23,916 6,676 274 84 58 1,793 8,885 2,855 24 345 986 337 4,547 13,432 10,484 5,828 490 3,783 10,101 383 10,484
Transcribed Image Text:Current assets Cash and cash equivalents Trade and other receivables Inventories Other financial assets Other current assets Assets held for sale Total current assets Non-current assets Trade and other receivables Other financial assets Lease assets Property, plant and equipment Intangible assets Deferred tax assets Other non-current assets Total non-current assets Total assets Current liabilities Trade and other payables Lease liabilities Borrowings Current tax payable Other financial liabilities Provisions Total current liabilities Non-current liabilities Lease liabilities Borrowings Other financial liabilities Deferred tax liabilities Provisions Other non-current liabilities Total non-current liabilities Total liabilities Net assets Equity Contributed equity Reserves Retained earnings Equity attributable to equity holders of the parent entity Non-controlling interests Total equity NOTE 3.1 3.2 5.2 3.1 3.2 3.3.1 3.4 3.5 3.7.3 3.8 3.3.2 4.6.3 29 3.2 ليا لنا 3.9 3.3.2 4.6.3 3.2 3.7.3 3.9 3.10 4.3 4.4 5.3.3 2020 $M 2,068 740 4,434 534 16 7,792 333 8,125 154 168 12,062 8,742 7,717 1,327 177 30,347 38,472 7,508 1,560 2,027 131 84 1,881 13,191 13,168 1,904 3 204 918 52 16,249 29,440 9,032 6,022 391 2,329 8,742 290 9,032 RESTATED¹ 2019 SM 1,066 682 4,280 45 6,073 225 6,298 145 633 8,252 7,793 736 59 17,618 23,916 6,676 274 84 58 1,793 8,885 2,855 24 345 986 337 4,547 13,432 10,484 5,828 490 3,783 10,101 383 10,484
Consolidated Statement of Profit or Loss Continuing operations Revenue from the sale of goods and services Cost of sales Gross profit Other revenue Branch expenses Administration expenses Earnings before Interest and tax Finance costs Profit before income tax Income tax expense Profit for the period from continuing operations Discontinued operations Profit for the period from discontinued operations, after tax Profit for the period Profit for the period attributable to: Equity holders of the parent entity Non-controlling interests Profit for the period attributable to equity holders of the parent entity relates to: Profit from continuing operations Profit from discontinued operations Earnings per share (EPS) attributable to equity holders of the parent entity Basic EPS Diluted EPS EPS attributable to equity holders of the parent entity from continuing operations Basic EPS Diluted EPS NOTE 2.1 2.3 3.7.1 5.1 4.1 4.1 4.1 4.1 2020 52 WEEKS $M 63,675 (45,105) 18,570 175 (11,657) (4,460) 2,628 (843) 1,785 (576) 1,209 1,209 1,165 44 1,209 1,165 1,165 CENTS 92.7 92.2 92.7 92.2 RESTATED 2019 53 WEEKS $M 59,984 (42,542) 17,442 288 (11,695) (3,684) 2,351 (126) 2,225 (667) 1,558 1,200 2,758 2,692 66 2,758 1,492 1,200 2,692 CENTS 206.2 204.9 114.3 113.6
Transcribed Image Text:Consolidated Statement of Profit or Loss Continuing operations Revenue from the sale of goods and services Cost of sales Gross profit Other revenue Branch expenses Administration expenses Earnings before Interest and tax Finance costs Profit before income tax Income tax expense Profit for the period from continuing operations Discontinued operations Profit for the period from discontinued operations, after tax Profit for the period Profit for the period attributable to: Equity holders of the parent entity Non-controlling interests Profit for the period attributable to equity holders of the parent entity relates to: Profit from continuing operations Profit from discontinued operations Earnings per share (EPS) attributable to equity holders of the parent entity Basic EPS Diluted EPS EPS attributable to equity holders of the parent entity from continuing operations Basic EPS Diluted EPS NOTE 2.1 2.3 3.7.1 5.1 4.1 4.1 4.1 4.1 2020 52 WEEKS $M 63,675 (45,105) 18,570 175 (11,657) (4,460) 2,628 (843) 1,785 (576) 1,209 1,209 1,165 44 1,209 1,165 1,165 CENTS 92.7 92.2 92.7 92.2 RESTATED 2019 53 WEEKS $M 59,984 (42,542) 17,442 288 (11,695) (3,684) 2,351 (126) 2,225 (667) 1,558 1,200 2,758 2,692 66 2,758 1,492 1,200 2,692 CENTS 206.2 204.9 114.3 113.6
Expert Solution
Step 1

Financial ratios measures the relationship between two or more components of the financial statements of a company. These help in managerial decision making. Some key financial ratios are :-

  1. Liquidity Ratio
  2. Profitability Ratio
  3. Solvency Ratio
  4. Activity Ratio
  5. Earnings Ratio

 

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Follow-up Question

Calculate the ratios of Coles group of Australia for the year 2021:

Ratios to calculate:

Profitability (ROSF, ROCE, Gross margin, Operating profit margin, Cash flow to Sales*)

Efficiency (Inventory turnover period, Average settlement period, Sales revenue to capital employed)

Liquidity (Current ratio, Acid test (quick) ratio, Cash flow ratio*).

Stability/Capital Structure (Gearing ratio, Interest cover ratio, Debt coverage ratio*)

Investment/Market Performance (Earnings per share, Price earnings ratio, Operating cash flow per share*)

Income Statement for the 52 weeks ended 27 June 2021 Sales revenue Other operating revenue Total operating revenue Cost of sales Gross profit Other income Administration expenses Share of net loss from equity accounted investments Earnings before interest and tax (EBIT) Financing costs Profit before income tax Income tax expense Profit for the period Profit attributable to: Equity holders of the parent entity Earnings per share (EPS) attributable to equity holders of the parent: Basic and diluted EPS (cents) Other comprehensive income Items that may be reclassified to profit or loss: Net movement in the fair value of cash flow hedges Income tax effect Other comprehensive loss which may be reclassified to profit or loss in subsequent periods Total comprehensive income attributable to: Equity holders of the parent entity NOTES 1.3 1.4 5.1 1.5 1.6 1.2 1.6 2021 $M 38,562 370 38,932 (28,773) 10,159 111 (8,392) (5) 1,873 (427) 1,446 (441) 1,005 1,005 75.3 (9) 3 (6) 999 2020 $M 37,408 376 37,784 (28,043) 9,741 108 (8,081) (6) 1,762 (443) 1,319 (341) 978 978 73.3 (17) 5 (12) 966
Transcribed Image Text:Income Statement for the 52 weeks ended 27 June 2021 Sales revenue Other operating revenue Total operating revenue Cost of sales Gross profit Other income Administration expenses Share of net loss from equity accounted investments Earnings before interest and tax (EBIT) Financing costs Profit before income tax Income tax expense Profit for the period Profit attributable to: Equity holders of the parent entity Earnings per share (EPS) attributable to equity holders of the parent: Basic and diluted EPS (cents) Other comprehensive income Items that may be reclassified to profit or loss: Net movement in the fair value of cash flow hedges Income tax effect Other comprehensive loss which may be reclassified to profit or loss in subsequent periods Total comprehensive income attributable to: Equity holders of the parent entity NOTES 1.3 1.4 5.1 1.5 1.6 1.2 1.6 2021 $M 38,562 370 38,932 (28,773) 10,159 111 (8,392) (5) 1,873 (427) 1,446 (441) 1,005 1,005 75.3 (9) 3 (6) 999 2020 $M 37,408 376 37,784 (28,043) 9,741 108 (8,081) (6) 1,762 (443) 1,319 (341) 978 978 73.3 (17) 5 (12) 966
Assets Current assets Cash and cash equivalents Trade and other receivables Inventories Income tax receivable Assets held for sale Other assets Total current assets Non-current assets Property, plant and equipment Right-of-use assets Intangible assets Deferred tax assets Equity accounted investments Other assets Total non-current assets Total assets Liabilities Current liabilities Trade and other payables Provisions Income tax payable Lease liabilities Other Total current liabilities Non-current liabilities Interest-bearing liabilities Provisions Lease liabilities Other Total non-current liabilities Total liabilities Net assets Equity Contributed equity Reserves Retained earnings Total equity NOTES 2.1 2.2 5.2 2.3 2.5 2.7 2.6 1.6 5.1 2.3 2.8 2.9 2.7 3.1 2.9 2.7 2021 SM 787 368 2,107 85 87 3,434 4,463 7,288 1,698 873 220 147 14,689 18,123 3,660 950 60 897 252 5,819 1,142 458 7,859 32 9,491 15,310 2,813 1,585 69 1,159 2,813 2020 SM 992 434 2,166 42 75 70 3,779 4,127 7,660 1,597 849 217 120 14,570 18,349 3,737 861 885 198 5,681 1,354 472 8,198 29 10,053 15,734 2,615 1,611 43 961 2,615
Transcribed Image Text:Assets Current assets Cash and cash equivalents Trade and other receivables Inventories Income tax receivable Assets held for sale Other assets Total current assets Non-current assets Property, plant and equipment Right-of-use assets Intangible assets Deferred tax assets Equity accounted investments Other assets Total non-current assets Total assets Liabilities Current liabilities Trade and other payables Provisions Income tax payable Lease liabilities Other Total current liabilities Non-current liabilities Interest-bearing liabilities Provisions Lease liabilities Other Total non-current liabilities Total liabilities Net assets Equity Contributed equity Reserves Retained earnings Total equity NOTES 2.1 2.2 5.2 2.3 2.5 2.7 2.6 1.6 5.1 2.3 2.8 2.9 2.7 3.1 2.9 2.7 2021 SM 787 368 2,107 85 87 3,434 4,463 7,288 1,698 873 220 147 14,689 18,123 3,660 950 60 897 252 5,819 1,142 458 7,859 32 9,491 15,310 2,813 1,585 69 1,159 2,813 2020 SM 992 434 2,166 42 75 70 3,779 4,127 7,660 1,597 849 217 120 14,570 18,349 3,737 861 885 198 5,681 1,354 472 8,198 29 10,053 15,734 2,615 1,611 43 961 2,615
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