2- Managerial Accounting

 Equity calculate the weight on the total assets (as a %) : Equity ratio is the amount increasing or decreasing between the 2 last fiscal years ? Is the ratio increasing or decreasing ? to get the explanation for it , read the document “variation in shareholders equity” consider retained earnings, treasury shares , comment
Borrowings consider financial debts: long term and short term (current portion of long term debts) . What do they include : bank loans, lease obligations, bonds ? Is the amount increasing or decreasing between the 2 last
fiscal years ? calculate the debt to equity ratio Is the ratio increasing or
decreasing ? comment
 Trade payables calculate the payable days comment
Build the Excel table as described

 Activity : comment sales
 Gross Profit and Gross Profit Margin : comment  Operating Profit and Operating Profit : comment
comment the impact of the expenses Net Profit and Net Profit Margin : comment
comment the impact of financial expenses/income
and taxes

Calculate the ratios for 2 fiscal years

 Mention what each means or points out
Highlight the evolution : increase or decrease and say If
it is good , bad , better, worse  When possible you provide a short explanation
 Benchmark
Calculate the ROA and comment
make the link with turnover ratios

Calculate the ROE and comment
make the link with the equity ratio

Calculate the Current Ratio and comment + benchmark
Calculate the Quick Ratio and comment + benchmark

Comment the 3 steps of the cash flow statement,
– is each step providing or using cash ?
– thanks to ? Or because of ?
– Globally is the cash position increasing or decreasing ?
– is it positive or negative ?
Highlight the EPS (income statement) and its evolution

Highlight the DPS (read notes) , its evolution
compare it to EPS

Find the graph of the stock price evolution (2 years)
compare with S&P 500 index evolution
Highlight the values : at the end of each fiscal year you
studied , plus on May 25th 2022
Calculate the Dividend Yield (2 ratios) :
DPS of the fiscal year / share price at the end of each
fiscal year you studied

Calculate the 3 PER, comment evolution and
compare with other companies
-at the end of each fiscal year