Problem
Use the Singapore Airlines and read the Full Year Financial Results for 2019/20 and 2020/21. At the Group level, perform the following:
1. For each of the categories - Liquidity, Leverage, Asset Management Profitability and Valuation ratios, compute and compare financial ratios (excluding inventory turnover ratio) that are important to investors for both FY 2019/20 and FY 2020/21, then analyse the changes.
(Note: The item Trade Debtors is account receivables; The share price is $5.74 for 1st Mar 2020 and $5.55 for 1st Mar 2021. The total number of shares outstanding is 1,199,851,018 for 2020 and 2,977,543,504 for 2021.)
2. Appraise the method of financial ratio analysis in (1) for decision-making.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.