Subject Code : BAA537
Country : Australia

Accounting Assessment Task

Assessment Task: Case Study

Dick Smith is one of Australia’s best-known entrepreneurs.  Back in 1968 Dick founded an electronics retail business in Sydney.  The business was successful and grew overtime under the ownership of Dick and his wife.  In the year 1980 they sold 60% of the business to Woolworths (WOW) – yes, the supermarket chain – with the balance of the ownership being sold to Woolworths in 1982.  The Smiths received $25M from the sale of the business to Woolworths.  Woolworths operated the business until 2012 when it sold the business to a private equity firm – Anchorage Capital Partners (ACP).

In 2013 ACP decided to take the Dick Smith business public and completed a public float in December of that year.  In January 2016 – just over 2 years since the float – the business was placed into administration and the rest, as they say, is history.

Your task is as follows:

Prepare a written report that analyses why this well known, almost iconic, business failed.  In preparing this report you will need to make assumptions.  The important thing to remember is to provide appropriate discussion and analysis to support your assumptions.

In preparing your report you should provide an analysis of the financial statements of Dick Smith Holdings - the entity that was created in 2013 as a result of the public float (see attached annual reports).  As part of this analysis you should provide an analysis of the businesses working capital cycle (including operating cash cycle), ratio analysis (profitability ratios, efficiency ratios, liquidity ratios, gearing ratios, market ratios).  As well as providing the ratios you need to provide appropriate commentary on the ratios that you calculate.

Include in your report a reflective assessment of what you have learned from preparing the report.  This reflection should cover the process of analysing the DSH business as well as what insights you have gained that will help you with your own entrepreneurial plans.

This Accounting Assessment has been solved by our Accounting experts at UniLearnO. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.

Eureka! You've stumped our genius minds (for now)! This exciting new question has our experts buzzing with curiosity. We can't wait to craft a fresh solution just for you!

  • Uploaded By : Keith
  • Posted on : December 10th, 2018

Whatsapp Tap to ChatGet instant assistance