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December 6th, 2006, 02:37 PM   #1
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financial accounting

Hi

i have this project that im working on where i have to analyse past financial performance of a company. i am given the financial statements contained in the published Annual Reports for the most recent THREE years for my company.

My analysis should be based on appropriate financial ratios calculations, and subsequently supplemented by a written commentary.

im calculating some efficiency ratios ;Average stock turnover period
- I can not find a opening stock or closing stock, so do I simply use the
value for 'stocks' in the reports to calculate average stock held?
- Cost of sales = (opening stock + purchases) - closing stock
How can it be calculated if there is no opening or closing stock
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