Allan's Repair Services - Essay Example

Only on StudentShare

Extract of sample
Allan's Repair Services

Mitre 10: Metcash sells hardware under this brand name. It also involves home improvement solutions for the end consumers. Metcash Ltd operates in the areas of distribution, fresh food, liquor, fast moving consumer goods and hardware. 2: a) Sale of goods accounting for $11517.4 million was the main source of revenue for the Metcash group. b) Cost of sales was the largest expense for Metcash group. It was $10435.3 million in the year 2010. c) The total comprehensive income for the Metcash group was $229.6 million in the year 2010. d) Return on assets= Net income /Total Assets Return on assets for 2009= 203.2/3286.5 =6.18% Return on assets for 2010= 230.3/3639 =6.33% e) Gross profit margin= Gross profit /Revenue Gross profit margin for 2009=1116.6/11067.5 =10.09% Gross profit margin for 2010= 1172.8/11608.1 =10.10% f) There has been a very slight improvement in the profitability of Metcash Ltd. The return on assets increased from 6.18% in 2009 to 6.33% in 2010. This can be attributed to the higher sales revenue that Metcash earned in the year 2010 compared to the revenue in the year 2009. Although Metcash purchased more assets to generate the higher revenue, the increase in revenue was more than the proportionate increase in total assets. ...
Download paper


Question 1: 1) Metcash Limited is a company that operates in various industries and is primarily an in-store retailer. The following are main business activities of Metcash Ltd: IGA Distribution: Metcash Ltd is involved in the distribution of IGA branded and non branded products…
Author : vcummerata

Related Essays

This scandal had a negative implication in overall global information technology industry during the trying times of credit crunch as the company used to provide its services to more than 75% of the Fortune 500 companies (Timmons & Wassener, 2009). It was on January 2009, the Chairman of the company, Mr. B. Ramalinga Raju mailed a letter to the Securities & Exchange Board of India (SEBI) as well as his Board Members confessing the fact that he had been forging the financial statements of the company. This resulted to the overstatement of the company revenues by $ 1 billion. He further...
4 pages (1004 words) Term Paper
Gentiva Health Services
This would ensure that the activities of the company remain profitable both in the long run and in the short run. The company recorded a decrease in revenue in 2011. Previously, the company has made several acquisitions and dispositions. This could have been one of the contributing factors to this loss among other factors. This paper investigates the methods of costing used in the company and explores the implication of employing differential costing in the company. The company employs different techniques in cost management. The acquisition of tax information is done through periodical...
3 pages (753 words) Essay
Financial services ( Derivatives )
In United Kingdom, derivatives can be traded by two methods: either through an over-the-counter (OTC) or organised exchange. The exchange traded derivatives market is controlled by Chicago Mercantile Exchange and Euronext.LIFFE that is based in London. Exchange traded derivatives are always bought and sold in an exchange setting that is totally regulated and transparent. On the other hand, OTC exchanges takes place when trader prefer to trade directly with each other. Between both types of trade, there are two main differences: Firstly, exchange traded contracts increases liquidity. Secondly,...
7 pages (1757 words) Essay
financial services
Transactions on derivative contracts occur between two parties in which a financial agreement is done whose payments depend on the value of the underlying assets and securities. Derivative contracts are broadly categorized into lock and option products. Lock category derivative contracts bind the two parties into an obligation of executing the contract according to the terms and conditions over the period for which the contract is agreed upon. Option product derivatives are contracts that provide the right to the buyer but not the obligation to execute the contract over the period of the...
5 pages (1255 words) Essay
IT & Financial Services
For this, the needs of financial transactions arise on a regular basis. In these days information technology is the biggest invention that contributes to the welfare of humanity. It not only speeds up the mode of everyday life but also makes life easier. “Time” is the most precious element in today’s life. The value of time is the biggest concern for everyone. Digitalization and introduction of information technology in the field of financial transactions help mankind to a great extent (Mann & Mann, 2011, p.264-320). Initially it needed some specific computer or web based knowledge to...
8 pages (2008 words) Essay
financial services accessibility
This paper shall mostly be a discussion of the relationship between people and finance, in terms of governments’ failures in managing the country’s wealth. In general, this essay shall be founded on the assumption that access to financial services is a development opportunity to many people when the government is unable or does not provide support to communities. This essay shall discuss the current situation in terms of financial services accessibility, the impact of government failures, and solutions to improving accessibility and development opportunity. Aims: What exactly do you want...
20 pages (5020 words) Research Proposal
After conducting a financial analysis, it was evident that the company had overstated its revenues in the year 1997 and 1998. During this era, some of its techniques were quite confusing and blatant. The company had excluded some of its expenses from its financial book. The case highlights various red flags such as an extreme growth-oriented management team and growing need for extra capital. With this, the auditors allowed themselves to be misled and missed the red flags that could have alerted them to dig and analyse their analysis more deeply. During the era 1990-1994, the company was...
5 pages (1255 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!