Comprehensive Analysis of Financial Performance
Assignment #1 - Leon’s versus The Brick
Abstract
This research paper is prepared for purposes of assessing financial condition as well as overall operating performance of two same sector entities.…show more content… Advanced Financial Statement Analysis
Comprehensive Analysis of Financial Performance
Assignment #1 - Leon’s versus The Brick The above referenced unique circumstances are summarized as follows: o Leon’s - June 2007 4:1 stock split – adjusted number of shares outstanding in order to normalize per share based valuation criteria o The Brick - December 2006 reclassification of current portion of longterm debt to long-term debt in recognition of confirmed refinancing of term credit facility on a long term basis o Leon’s and The Brick - minor adjustments to previously presented financial statements were made to conform with presentation format used for current year financial statements. In all cases the reclassifications would be assessed as immaterial
The financial data / information used for purposes of completing this assignment cover the fiscal years ended December 31, 2005 through December 31, 2009 for both Leon’s and The Brick.
The set of core financial statement ratios outlined in Chapter One of the course text book “Financial Statement Analysis”, 10th edition by K.R. Subramanyam and John J. Wild was used to guide preparation of this assignment.
