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ACCT6330-Financial Analysis Of Saratoga Care Incorporation

tag 0 Download 14 Pages / 3,460 Words tag 30-07-2020

Question:

Project Requirements

The group project report will be assessed on how thoroughly all of the requirements are addressed and on group insights regarding the ratio and other analytical implications. More specific information on grading will be provided during residency sessions.

Your analysis should address the following requirements but is not limited to these items:

1.The project should begin with an introduction describing the nature of the entity being analyzed, its mission and the environment in which it operates (status of the non-profit sector, competitors, regional and economic issues, etc.).

2.Calculate the year-to-year increase (decrease) for each line item presented in the Statement of Activities (i.e., income statement). Compute these increases (decreases) in both absolute dollars and in percentages (a horizontal analysis). USE ONLY THE UNRESTRICTED COLUMN OF ACCOUNTS FOR THIS ANALYSIS.

3.Using the analysis performed in item 2, complete the following:

3.1.Identify two growth rates (i.e. percentage increases (decreases) that you believe are significant and should be brought to the attention of management.

3.2.Indicate whether you believe that these are favorable or unfavorable trends and discuss the implications of such trends.

4.Calculate component percentages for each of the years (often called common size analysis) presented in the Statement of Activities (unrestricted accounts only). This is a vertical analysis. Use total revenue as the 100% benchmark for revenues and expenses.

5.Using the analysis performed in item 4, complete the following:

5.1.Indicate at least two changes in the relationships that seem large enough to warrant further inquiry.
5.2.Are these changes favorable or unfavorable? Why? Discuss the implications.

6.For each of the years presented in the report:

6.1.Calculate the following financial ratios:

1.CURRENT RATIO

2.QUICK RATIO

3.TIMES INTEREST EARNED

4.DEBT TO NET ASSETS

5.ALLOWANCE FOR DOUBTFUL ACCOUNTS TO ACCOUNTS RECEIVABLE

6.OPERATING MARGIN % (operating income/revenue)

7.PROFIT MARGIN %

8.DAYS IN ACCOUNTS RECEIVABLE

9.DAYS CASH

10.AGE OF PPE

6.2.Explicitly describe what each ratio means in the context of the entity you are analyzing; i.e., what are the implications for the financial health or success of the organization? Is the change in ratio from year to year favorable or unfavorable and why? Discussion of each ratio and implications thereof is critical here.

6.3.If you were the director of this organization, which of these ratios would be of concern to you?

7.Review the footnote disclosure of the company and discuss the content of those footnotes that you feel are most significant.

8.What type of depreciation method is employed by the entity in depreciating its fixed assets?

9.Are there liabilities that may exceed the amounts reflected in the balance sheet? Identify these and discuss the implications. This is a thought question that requires your group to brainstorm.

10.Read the Report of the Independent Auditor. Are the financial statements prepared in accordance with GAAP? Is the report reflective of an unqualified (clean) opinion? Are there any issues of significant concern highlighted in the auditor’s report?

11.Read the statement of cash flows and identify the major sources of cash and the major uses of cash for the organization.

12.Write a short summary (no more than two paragraphs) on your conclusions regarding the financial health of your organization.
 
 
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Total 14 pages

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My Assignment Help. (2020). Financial Analysis Of Saratoga Care Incorporation. Retrieved from https://myassignmenthelp.com/free-samples/acct6330-financial-analysis-of-saratoga-care-incorporation.

"Financial Analysis Of Saratoga Care Incorporation." My Assignment Help, 2020, https://myassignmenthelp.com/free-samples/acct6330-financial-analysis-of-saratoga-care-incorporation.

My Assignment Help (2020) Financial Analysis Of Saratoga Care Incorporation [Online]. Available from: https://myassignmenthelp.com/free-samples/acct6330-financial-analysis-of-saratoga-care-incorporation
[Accessed 19 August 2022].

My Assignment Help. 'Financial Analysis Of Saratoga Care Incorporation' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/acct6330-financial-analysis-of-saratoga-care-incorporation> accessed 19 August 2022.

My Assignment Help. Financial Analysis Of Saratoga Care Incorporation [Internet]. My Assignment Help. 2020 [cited 19 August 2022]. Available from: https://myassignmenthelp.com/free-samples/acct6330-financial-analysis-of-saratoga-care-incorporation.


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