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ASSIGNMENT COVER SHEET
(Individual)
SCHOOL OF ACCOUNTING
Surname
Given Names
Student ID No
Student details: IACONI JEROME
(Please print clearly) _
20772208
Unit Name: Financial decision making
Assignment Number and/or Name: Business Simulation Report
__
_ Due Date: 29 Novemeber 2021
__
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ACCT1002 Financial Decision Making – Template for Assessment 3 Submission
Declaration:
Except where indicated, the work contained in this assignment is my own work and has not been
submitted for assessment in another unit or course.
Signature of Student (please type FULL NAME):
Jerome Iaconi
Introduction
Net Profit Margin Ratio
2019 Ratio:
-0.0328
2020 COVID Ratio:
-0.1241
Discussion/Analysis
As calculated from the financial reports, the 2019 net profit margin was -0.0328 (-67,383.69/2,055,025.55) and the 2020 net profit margin was calculated as -0.1241 (-166,662.80/1,343,216.41). The net profit margin was calculated by dividing net profit from net sales which is present on each year’s respective income statements. This demonstrates a further decrease of 278%. This movement can be explained by significant declines in both the Net Profit (from $-67,383.69 in 2019 to $-166,662.80 in 2020) and decline in Net Sales (from $2,055,025.55 in 2019 to $1,343,216.41 in 2020). Jezza’s Pizza’s net profit fell into greater loss as total expenses further increased beyond gross profit levels. This decline has been caused by a reduction in sales volume due to COVID-19 shutdowns which resulted in a cancellation of dine-ins and a move to take-
away only.
Gross Profit Margin Ratio
2019 Ratio:
0.4975
2020 COVID Ratio:
0.4193
Discussion/Analysis
The 2019 gross profit margin was 0.4975 (1,022,377.15/2,055,025.55) and the 2020 net profit margin was calculated as 0.4193 (563,264/1,343,216.41). The gross profit margin was calculated by dividing gross profit from net sales which is present on each year’s respective income statements. This demonstrates a decrease in the gross profit margin from 2019 to 2020 by 15.71%. This movement can be explained by significant declines in both the gross Profit (from $1,022,377.15 in 2019 to $563,264 in 2020) and decline in net sales (from $2,055,025.55 in 2019 to $1,343,216.41 in 2020). That is a reduction of 44.9% in gross profit and a 34.6% decrease in net sales, therefore leading to an overall reduced gross profit margin ratio. Jezza’s Pizza’s gross profit fell to a significant decline in gross sales revenue (from $2,062,528.55 in 2019 to $1,348,272.41 in 2020) due to many months of lockdown in response to the pandemic causing a major fall in sales.
ACCT1002 Financial Decision Making – Template for Assessment 3 Submission
Return on Assets Ratio
2019 Ratio:
-0.1145
2020 COVID Ratio:
-0.4119
Discussion/Analysis
The 2019 Return on Asset ratio was -0.1145 (-67,383.69/588,279.55) and the 2020 Return on Asset Ratio was calculated as -0.4119 (-166,662.80/404,579.99). The return on assets ratio was calculated by dividing net profit from total assets which is present on each year’s respective income statements
and balance sheets. This demonstrates a decrease in the return on assets ratio from 2019 to 2020 by
259.74%. This movement can be explained by significant declines in both the Net Profit (from $-67,383.69 in 2019 to $-166,662.80 in 2020) and a decline in total assets (from $588,279.55 in 2019 to $404,579.99 in 2020). That is a reduction of 147.3% in net profit and a 31.2% decrease in total assets, therefore leading to an overall reduced Return on Assets Ratio. Jezza’s Pizza’s s total current assets dropped 39.57% (430,500.39-260,150.83/430,500.39) and due to greater amounts of accumulated depreciation in 2020 on equipment, total non-current assets were reduced from $157,779.16 to $144,429.16, a 8.46% decrease. As a result of the pandemic, lockdowns caused havoc for the business, reducing total assets and increasing liabilities overall.
Return on Equity Ratio
2019 Ratio:
-0.8156
2020 COVID Ratio:
1.9830
Discussion/Analysis
Total Asset Turnover Ratio
2019 Ratio:
3.4933
2020 COVID Ratio:
3.3200
Discussion/Analysis
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ACCT1002 Financial Decision Making – Template for Assessment 3 Submission
Current Ratio
2019 Ratio:
5.9216
2020 COVID Ratio:
3.5784
Discussion/Analysis
Working Capital
2019 Ratio:
357800.3900
2020 COVID Ratio:
187450.8300
Discussion/Analysis
Cash Ratio
2019 Ratio:
4.4580
2020 COVID Ratio:
2.6593
Discussion/Analysis
ACCT1002 Financial Decision Making – Template for Assessment 3 Submission
Acid Test Ratio
2019 Ratio:
5.5156
2020 COVID Ratio:
3.2542
Discussion/Analysis
Accounts Receivable Turnover Ratio
2019 Ratio:
12.0000
2020 COVID Ratio:
12.0000
Discussion/Analysis
Inventory Turnover Ratio
2019 Ratio:
45.9689
2020 COVID Ratio:
49.5098
Discussion/Analysis
ACCT1002 Financial Decision Making – Template for Assessment 3 Submission
Debt Ratio
2019 Ratio:
0.8596
2020 COVID Ratio:
1.2077
Discussion/Analysis
Debt to Equity Ratio
2019 Ratio:
6.1206
2020 COVID Ratio:
-5.8138
Discussion/Analysis
Equity Ratio
2019 Ratio:
0.1404
2020 COVID Ratio:
-0.2077
Discussion/Analysis
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ACCT1002 Financial Decision Making – Template for Assessment 3 Submission
Times Interest Earned Ratio
2019 Ratio:
-1.1392
2020 COVID Ratio:
-4.2909
Discussion/Analysis
Conclusion and Recommendation
ACCT1002 Financial Decision Making – Template for Assessment 3 Submission
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The revenues and expenses of Sentinel Travel Service for the year ended August
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Sentinel Travel Service
Income Statement
For the Year Ended August 31, 2019
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Assignment Details
ATG-110-20A01: Financial Accounting (Session II Summer 2021)
7474 unread replies.7575 replies.
Please read and respond to TIF 12-2 on page 623. Review
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discussion.
Discussion Rubric- 25 points(1)_(3).docx
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TIF 12-2
Issuing Stock
1.
ETHICS Lou Hoskins and Shirley Crothers are
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