Comparing the financial performance of Qantas and Woolworths. Discuss the aspects of the financial information that may be insufficient or misleading.

I have chosen Qantas Airways restrain & Woolworths Limited to be examined in this literature. Qantas is Australias leading domestic carrier and iodine of the worlds premier longsighted haul institutionaliselines. Qantas is also one of Australias closely accepted brand names, with a reputation for excellence in safety, accomplishmental reliability, engineering and maintenance, and customer service. Woolworths Supermarket is Australias leading food retailer which provides customers with the best-priced and widest digress of fresh produce, dry groceries and other merchandise, underpinned by its tint assumption commitment. However, from January 2003 onwarfareds, due to the tumultuous events of 9/11, the bombings in Bali, the war in Iraq and the devastating outbreak of Severe Acute respiratory Syndrome, all(prenominal) areas of Qantas were affected, including the profitsability of the company throughout the year. Qantas recorded an EBIT of $567 jillion, down from $112. 3 million conk year after being severely wedged by the effects of the SARS virus on transnational air travel. (www.qantas.com.au) Contrasting with Woolworths, it achieved an EBIT with increase of 13.7% to $945.7 million, reflecting the excellent sales and profit product accomplished in the market with further reductions in the operation costs. (www.woolworthslimited.com.au) In comparing the pecuniary murder of both the companies, Qantas and Woolworths generated a return of 2% and 8.15% on total assets respectively and a return of 6.5% and 49.34% on owners equity respectively.

This shows that Woolworths performs better in equipment ch ance of both the return on total assets and ! return on owners equity than Qantas, allowing us to say that Woolworths appears to be performing importantly better in the efficiency of the use of assets and in fashion returns for the shareholders. There is a large contrast between the financial feat of Qantas and Woolworths. According to the annual report, all key performance measures, such as EPS before... I will give you a :). that essay is thoroughly written and mustve taken you a long time to do it. I could never do that kindof conk out that good myself. If you fatality to get a full essay, point it on our website: BestEssayCheap.com

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