You will need Briscoe Group Limited’s financial statements for the year ended 31 January 2021, which are available on Canvas under Assignments/Assignment 1 – Part B for your convenience. The financial statements will provide you with two years of information: 2021 and 2020. This information will enable you to compute the average net operating assets (NOA), average net nonoperating obligations (NNO), and average equity (or shareholders’ funds) for 2021, which are required for the calculations.
1) For written answers, full marks will be awarded for relevant arguments with supporting
evidence. The clarity of your writing style (i.e., grammar, punctuation, and clear sentences) is
important, and marks will be lost if your writing style is not appropriate. Clarity of writing,
which also includes writing concisely, is also an important skill to learn because it will make
you a more effective communicator, which employers increasingly look for when hiring
graduates.
2) For calculation answers, full marks will be awarded for correct answers with supporting
workings, including writing out the formula you have used. You should show all workings, no
matter how trivial these may be. This is also good practice for test and exam purposes because
the majority of marks, in general, are usually given for workings and not just for the final
“correct” answer. It is only possible for markers to award partial marks for a question if
workings have been provided.
Please Read the Assignment 1 questions before starting
Please answer questions 7 – 14
If you need any more information please contact.
Need to solve the questions in either calculation or sentences(in proper grammar).
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