Reference no: EM13340415

Students are to organise themselves into pairs to complete the assignment and do not have automatic entitlement to adopt some other arrangement (such as completing the assignment individually or in a group of three). Students who have difficulty finding a partner or who encounter other difficulties (for example, their partner withdraws from the course) should consult the course coordinator. There is no requirement that your partner be from the same tutorial group as yourself.

The basic requirement is to make a general analysis of the profitability, efficiency, liquidity, gearing (leverage), and investment performance of Billabong Limited using the information available in the company's 2011 annual report available available at the following address: Billaboing Annual Report 2011

Students are to use the ‘Consolidated' data in conducting their analysis. Note that the 2011 annual report contains comparative data for the year 2010. The assignment will contain two main elements:

Schedule(s) of relevant ratios and other useful calculations

The schedule(s) of relevant ratios and other useful calculations should be incorporated in one or more appendices. Ratios and other calculations should be presented so as to facilitate comparison between 2010 and 2009 data. Students are advised to show the calculations used in determining particular ratios and other figures.

A written report

The written report should:

• Explain briefly what is revealed by the ratios and other calculations in the context of the company's profitability, efficiency, liquidity, gearing (leverage) and investment performance. In particular, any important changes from 2010 to 2011 should be identified, discussed and, where possible, explained.
• Provide an overall assessment of the company from the perspective of existing and potential equity investors (shareholders).