Assignment: FINANCIAL MANAGEMENT MODULE
The primary company on which you should base this coursework is WM Morrison Supermarkets PLC
Required:
Prepare a report that addresses the questions below. You must clearly reference where you have obtained all financial information from and where appropriate include extracts of any financial reports used in your appendices.
(a) Critically evaluate Morrison's working capital management policy over the five year period ending onthe most recent accounts date. Your analysis should include:
• the calculation of key working capital ratios.
• an evaluation of trends in the ratios over the five year period.
• a comparison with an appropriate comparator company.
(b) Calculate Morrison's current cost of equity finance using the Dividend Growth Model. You must explain and justify, in detail, your selection and analysis of the data used in your calculation.
(c) Estimate Morrison's after-tax cost of debt capital, and, using your cost of equity for part (b), calculate Morrison's weighted average cost of capital (WACC).
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.