Accounting 2 Essay Example | Topics and Well Written Essays - 1000 words

Accounting 2 - Essay Example In the end we have tried to comment on the possible reasons behind the changes in these ratios. We have also compared these ratios with past years ratios to find out whether or not the company is on the right path. Based on these ratios we have tried to suggest what the company could do to improve its condition. Some of these ratios are Activity Ratios, Profitability Ratios and solvency ratios. These ratios represent a true picture of the company which solitary figures could not exhibit. In the end we have conclude our report with appendices and various interesting findings about the companies under analysis. Berklee Limited is one of the premier companies operating in Australia. The company was formed by Mr. Adrian Van Berkel in 1963. The company was an immediate success and it was converted into a limited company by 1966. Later, the company was converted into a Public Limited company in 1989 and provided secure investment opportunities to thousands of Australians. Since then, this group has never looked backed and is growing in strength every day. The Principal activities of this group include manufacturing of automotive mufflers and various kinds of exhausts. The company manufactures its products in a fully-automated plant located near Victoria. From this plant, the products are dispatched to the distributors upon completion. Berklee has a unique selling point as its products are sold throughout Australia. This is made possible by the use of its strong distribution network, which has an outreach in every singly city of Australia. 2001 – Present: Mr. Edward Van Berkel, with his dynamic leadership and far-sighted vision, diversified the operation of the company to tube-bending and other automotive products. Since his take over as the managing director, the company has also been managed to achieve ISO Quality Standards and other certificates. The