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SECTION A (30marks)

This assignment requires each student to work on the published financial statements of ASOS PLC

for two years from 2020 to 2021. A summary of some of the ratios is provided below.

Ratios

Long-term Financing

Gearing (3marks)

Liquidity

Current Ratio (3marks)

Quick Ratio (3marks)

Profitability

Return on Capital employed (3marks)

Asset Turnover (3marks)

Net Profit Margin (3marks)

Working capital

Inventory days (3marks)

Receivable days (3marks)

Payable days (3marks)

Year

2021

50%

1.56

0.75

9.20%

1.89times

4.90%

138days

5days

164days

Year

2020

50%

1.25

0.6

9.30%

2.01times

4.60%

113days

7days

164days

You are required to:

Given the ratios provided above, write a brief report on the performance of ASOS over the financial

periods 2020 to 2021. Use any other information relevant to ASOS PLC for your comments.

Information can be accessed from the annual report and accounts and any other source of evidence

that you believe helps to explain the company's performance and position. (Note the report must

follow the criteria provided below)

Fig: 1