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. The gross profit margin of Metcash remained relatively stable at 10.1%. This indicates that costs of Metcash remained relatively stable. Even if there was an increase in the costs, it was matched by a similar increase in the selling price to retain the gross profit margin that was earned by Metcash in 2009. 3. a) The total current assets for the Metcash group were $1974.7 million in the year 2010. b) The total current liabilities for the Metcash group were $1448.4 million in the year 2010. c) Current Ratio= Current Assets /Current Liabilities Current Ratio for 2009=1802.4/1309.8 =1.38 times Current Ratio for 2010= 1947.7/1448.4 =1.34 times d) Quick Ratio= Current Assets-Inventory /Current Liabilities Current Ratio for 2009= (1802.4-680.5)/1309.8 =0.86 times Quick Ratio for 2010= (1947.7-747.2)/1448.4 =0.83 times e) Liquidity ratios measure the ability of a company to pay off its short term debts. The current ratio of Metcash fell from 1.38 times to 1.34 times. This is due to the increase in the trade payables of Metcash Ltd. The reasons of this increase should be investigated since making timely payments to the creditors is essential to obtain trade discounts. Quick ratio includes only the most liquid of the current assets to assess if a company can cover its current liabilities. Metcash Ltd’s quick ratio also fell slightly from 0.86 times in 2009 to 0.83 times in 2010. A quick ratio of less than 1 indicates that Metcash does not have ample liquid assets to cover its short term obligations. Metcash Ltd’s most of the cash is tied up in inventory and Metcash Ltd should take measures to improve its liquidity position. f) Days inventory= (inventory/cost of sales)*365 Days inventory for 2009= (680.5/9950.9)*365 =24.96 days Days inventory for 2010= (747.2/10435.3)*365 =26.14 days g) Days Debtors= (Account receivables/Revenue)*365 Days Debtors for 2009= (967.7/11067.5)*365 =31.91 days Days Debtors for 2010= (1008/11608.1)*365 =31.70 days h) The days inventory ratio indicate the number of days it takes to sell the inventory. In the case of Metcash Ltd, the inventory days increased from 24.96 days to
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…
This tool is designed to help you repair glitches that are triggered by a corrupted system volume boot sector or deleted or damaged operating systems files. The Emergency Repair Process cannot back up any system programs or files, this tool can only re-enable a particular system to start up and also repair system files.
Initiating and adopting relevant actions that enhance change realization is a process with risks. These risks are spread across business stakeholders and their impact varies according the stakeholder being assessed in that regard. Change is inevitable if a business is to remain competitive over time, alongside the need to grow and expand (Carter, 2010).
This will ensure their survival and positive growth in a competitive market, as well as achieve customer satisfaction and loyalty. While constant adjustment in policies and modes of operation within an organization are effective in achieving its objectives as the market needs change, the complete overhaul of the entire business operation procedures is sometimes necessary to achieve dramatic change in results and efficiency of operations, as stated by Hammer and Champy (1992) in their definition of business process reengineering.
The bond formed between the old and new concrete plays an important role for the monolithic behaviour of composite formed. The strength and integrity of bond formed not only the physical and chemical characteristics of the component, but the other major factor on which it depends is the substrate surface quality in terms of roughness and moisture properties.
Many of these property owners are elderly, on fixed incomes, and are not in a position to afford the hundreds or thousands of dollars for repairs. While I am in complete agreement that the sidewalks do need repair, the city's sudden and strict enforcement of the outdated law is unfair and the city should find another method to finance the project.
Posture such as sitting and standing is maintained as a result of muscle contraction.
The muscular system is composed of specialized cells called muscle fibers. Their predominant function is contractibility. The muscle fibers are the basic contractile units of skeletal muscles.
Any change in a single sequence in the DNA is called a mutation and this change may result in the production of a wrong protein. The MMR genes are thus important in every cell because it maintains the normal composition of genes in order for a cell to be fully functional.
Also, Shipping and freight services in general will be affected by the prices falling from a peak of around $2,000 per container from Asia to Europe a few years ago to the current price of approximately $500 per container (Schulz, 2008). Shipping companies, brokers and analysts argues that ships used to earn around US $50,000-100,000 a day a few months ago are now suffering from low prices and forced to accepts prices as low as US $5,000-10,000 a day.