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Group
Financial Analysis Project
Prepared by:
Tim Kuehne
Contents
Institutions
Apollo Group
Analysis
1) Based on the ratios, what are the primary differences between the corporation and the primary
competitor? What specific ratios explain the reasons for these differences?
2) In your opinion, does the corporation compare favorably or unfavorably to the primary competitor?
Give examples to support your conclusion.
Decisions
1) How would you assess the corporations revenue performance over the last few years? What are the
reasons for your assessment?
2) What factor will have the greatest influence in the determination of next years
revenue? In what way would this factor influence revenue?
9
3) What do you predict revenue to be next year?
4) How would you assess the income performance of the corporation over the last few years?
6) How would you assess the corporations total asset growth rate? What evidence justifies your answer?
9
7) Do you expect total assets to increase, decrease, or remain relatively the same next year? Justify your
answer.
8) Do you believe the corporation will need additional financing to meet needs over the next few years?
Why or Why not? If financing is needed, do you believe the corporation would be able to obtain financing
easily?
9) Identify what you believe will be the three strongest aspects of the corporation. Describe why these
might be considered advantages.
10) Identify what you believe to be the three weeks aspects of the corporation. Is it likely these three
weakness can be overcome in the next few years?
11) Are you optimistic or pessimistic concerning the future of the corporation? What specific corporate or
industry characteristics influence your opinion?
10
12) Would you invest in the capital stock or bonds (if applicable) of this corporation if you had sufficient
funds? Would you rather invest in one of the corporations competitors? What are the reasons for your
decision?
10
Institutions
Carrington College
Devry Brasil
Devry University
o
ss
University School of Veterinary Medicine
Apollo Group
Apollo
INCOME
STATEMENT
COMMON-SIZE
DATA
Gross Profit/Sales
48.87%
56.98%
7.89%
6.99%
28.89%
66.04%
15.86%
49.90%
Liabilities/Total Assets
22.92%
59.74%
Equity/Total Assets
76.76%
38.18%
Profit Margin
6.97%
6.92%
Return on Assets
6.95%
6.87%
Return on Equity
9.15%
18.22%
BALANCE SHEET
COMMON-SIZE
DATA
Current Assets/Total
Assets
Current Liabilities/Total
Assets
PROFITABILITY
RATIOS
16.34%
0.00%
Current Ratio
1.82
1.32
Quick Ratio
1.82
1.32
29.86%
156.47%
65.05
43.04
13.10
14.32
NA
NA
LIQUIDITY RATIOS
SOLVENCY RATIOS
Debt/Total Assets
Times Interest Earned
(times)
OPERATIONAL
RATIOS
Receivable Turnover
(times)
Inventory Turnover
(times
Apollo
INCOME
STATEMENT
COMMON-SIZE
DATA
Gross Profit/Sales
47.64%
52.95%
7.07%
1.85%
28.98%
58.59%
BALANCE SHEET
COMMON-SIZE
DATA
Current Assets/Total
Assets
15.52%
37.75%
Liabilities/Total Assets
23.59%
47.55%
Equity/Total Assets
76.41%
51.91%
Profit Margin
7.32%
1.16%
Return on Assets
6.87%
1.12%
Return on Equity
8.97%
2.56%
16.6048363%
0%
Current Ratio
1.87
1.55
Quick Ratio
1.87
1.55
30.88%
91.59%
29.92
1.93
11.27
8.92
PROFITABILITY
RATIOS
LIQUIDITY RATIOS
SOLVENCY RATIOS
Debt/Total Assets
Times Interest Earned
(times)
OPERATIONAL
RATIOS
Receivable Turnover
(times)
Inventory Turnover
(times
NA
NA
Analysis
1) Based on the ratios, what are the primary differences between the corporation
and the primary competitor? What specific ratios explain the reasons for these
differences?
Decisions
1) How would you assess the corporations revenue performance over the last
few years? What are the reasons for your assessment?
2) What factor will have the greatest influence in the determination of next years
revenue? In what way would this factor influence revenue?
3) What do you predict revenue to be next year?
4) How would you assess the income performance of the corporation over the last
few years?
7) Do you expect total assets to increase, decrease, or remain relatively the same
next year? Justify your answer.
8) Do you believe the corporation will need additional financing to meet needs
over the next few years? Why or Why not? If financing is needed, do you believe
the corporation would be able to obtain financing easily?
9) Identify what you believe will be the three strongest aspects of the corporation.
Describe why these might be considered advantages.