Accounting-Describe them briefly and identify their similarities and differences

| January 30, 2017

Question
Q-1-Compare Sirtex Medical Ltd and Mesoblast ltd-

Describe them briefly and identify their similarities and differences.
Identify economic factors (e.g. interest rates), industry factors (e.g. online sales) and company specific factors (e.g. change of CEO) that could affect the financial statements and analysis of these companies.
Describe the most significant achievements or challenges that have affected the financial performance of each company in the last year.
Q-2-Scenarios for decision making

For each scenario below analyse the companies in order to make the decision required in each case.

Scenario 1: Assume that you are the manager of a branch of the National Bank and you are assessing a loan application from Sirtex Medical Ltd to borrow an amount equal to half of its total Equity (at the end of its 2014 financial year). Your assessment should be based on the analysis of Sirtex ltd last three financial statements and other relevant information.
Scenario 2: Assume you are a partner in an organisation that invests in shares and other financial instruments and you are currently deciding whether to invest $10 million either in Sirtex Medical Ltd or Mesoblast Ltd.
The Report on the decisions made and their justification

Prepare a concise report that summarise your decision for each scenario. Justify each decision based on your analysis and evaluation of financial and other relevant information obtained from the annual reports and other background sources. Your report will demonstrate what you have learned about your companies that supports your decisions

Q-3-Based on the three years(2012-2014) financial statements of both Sirtex Medical Ltd and Mesoblast Ltd the following ratios and present them in a table (show the figures used to calculate each ratio):
Liquidity:Current Ratio,Quick Ratio, and Interest Coverage.
Profitability: Return on Equity, Return on Assets, Profit Margin, Gross Margin Percentage, and Cash Flows from Operating Activities to Operating Profit After Tax.
Operating Activity:Asset Turnover, Days in Inventory, and Days Sales in Receivables.
Financial Structure: Debt to Assets and Debt Coverage.
Market Value Measures: Market Price-to-Book.

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