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Finance & Accounting
Pages 10 (2510 words)
Name: Instructor’s Name: Course: Date of Submission: Report – SLA Ltd To The Board of Directors Summer Bodysuit Ltd Introduction This report would analyse the problems faced by the company and a comprehensive recommendation would also be provided to address the issues prevailing within the company.
The comparison would help in assessing the performance of the company within the two periods and would help in pin-pointing the areas which need proper attention from SBL’s management. Following the analysis of SBL’s financial performance and after addressing the problems face by SBL, a detailed plan of action would be recommended along with a formal conclusion that would augment the entire appraisal of the company’s performance The positives for SBL An independent review carried out by members of our company (Drake Management Consultants) reflected that SBL’s financial problems have improved in the recent ending year as compared to the prior year, with respect to profitability. The company improved on its profitability and this was assessed by using the profitability ratios. The main aim of profitability ratios is to analyse the efficiency of a company’s operations and the policies that the company has abided by in order to achieve the recent financial performance displayed within the financial statements. As per the profitability ratios, the performance of SBL has been exquisite. The profitability ratios clearly suggest that the company has improved their profit figure as compared to the year preceding the recently ended year. ...
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