I choose Goodman Fielder Ltd.

I choose Goodman Fielder Ltd.
 Goodman Fielder Ltd. is a big and renowned name in the manufacturing and distribution of food and beverages. Company mainly deals in baking, beverages, branded foods, etc (Annual Report, 2009, p. 02). The company operates its business in five different segments. The name of these segments is:

Fresh Baking Segment
Fresh Dairy Segment
Home Ingredient Segment
Asia Pacific Segment
The Commercial Segment

In addition, company not only operates its business in Australia but also served in different countries of the world like New Zealand, China, Fiji, Papua New Guinea, etc. The company’s management is keenly working on the principle to provide fresh, well processed and valuable food products to its worthy customers (Annual Report, 2009, p. 02).

The amounts reported in the financial statements are rounded off to its nearest decimal numbers.
The name of the business that audited the company financial statements is KPMG (Annual Report, 2009, p. 55).
When an organization work in a group or with its subsidiary holdings they prepared the Group (Consolidated) Financial Reports and when the company assessed its business individually not on the basis of group then the company prepares the Entity (Company) Financial Reports.
The net profit after tax in the year June 30, 2009 is $ 182.7 million (Annual Report, 2009, p. 56).
Income Statements, Balance Sheet, Statements of Recognized Income and Expense and Statements of Cash Flows.
The total number (not value) of actual fully paid ordinary shares at June 30, 2009 is          1,355,069 shares.
The total auditor’s remuneration $1,650.7 million.
The total value of Cost of Goods Sold (Cost of Sales) at June 30, 2009 is $ 1,565.8 million (Annual Report, 2009, p. 56).
Income Statement
The value of Net Cash Flows from Operating Activities at 30 June 2009 is $285.1 (Annual Report, 2009, p. 59)
This value is net inflow of cash.
The value of cash and cash equivalents held at June 30, 2009 are $ 65.4 Million (Annual Report, 2009, p. 59).
Operating Activities, Investing Activities and Financing Activities.
The value of Total Equity at 30 June 2009 is $1620.9 (Annual Report, 2009, p. 57).
The one item in the equity section of the balance sheet is Retained profits.
The value of Total Current Assets at June 30, 2009 is $ 630.8 million (Annual Report, 2009, p. 57).
The name of financial report is Balance Sheet.
The total cash paid to suppliers and employees in the year 2009 are $ 2,601.7 million.
The total cash proceeds received from sale of plant and equipment (property, plant and equipment) in the year 2009 are $19.3 million (Annual Report, 2009, p. 59).
The computation of Goodman Fielder Ltd. current and quick ratio is computed below:
Formula of Current Ratio = Current Assets/Current Liabilities
Current Ratio (2009) = 630.8/386.5 = 1.63
Current Ratio (2008) = 575.8/540.5 = 1.06
Formula of Acid Test Ratio = Current Assets – Inventory/Current Liabilities
Acid Test Ratio (2009) = 630.8 – 130.6 / 386.5  = 1.29
Acid Test Ratio (2008) = 575.8 – 201 / 540.5 =  0.69

 Comments on Current Ratio:
The current ratio indicates that Goodman Fielder Ltd. has not been able to maintain a perfect balance between its short-term assets and liabilities. Even though, in the year 2009 the Goodman Fielder Ltd. has increased its current assets slightly, which may indicate the fact that the company has expanded into newer dimensions, it is quite evident that no drastic change has occurred in the company’s financial policies. In both the years Goodman Fielder Ltd. had $1 in assets for every $1 in liabilities. The ratio here indicates that Goodman Fielder Ltd. has not been in a stable position in terms of paying off its current debts, i.e. debts or liabilities payable within the next accounting period (usually 12 months), or the ability of doing so.
Comments on Acid Test Ratio:
Goodman Fielder Ltd. quick ratio is better in the year 2009 as compare with the year 2008.Although Goodman Fielder Ltd. has a higher inventory but proper maintenance of working capital management strategy has ensured to produce a fair enough quick ratio in the year 2009. In the year 2008, it clearly gives the negative signal that company is in the state of liquidity crunch. The total current liabilities of Goodman Fielder Ltd. at June 30, 2009 amount $ 386.5 million (Annual Report, 2009, p. 57). The one current liability at June 30, 2009 is Trade and other payables amount $ 284.2 million. (Annual Report, 2009, p. 57).

Goodman Fielder Ltd. (2009). Annual Report.


Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Order your essay today and save 25% with the discount code: THANKYOUPlace Order