WOOLWORTHS HOLDINGS LIMITED VS PICK N PAY STORES LIMITED:
AN INVESTOR’S POINT OF VIEW
CONCLUSION
BIBLOGRAPHY AND REFERENCES
INTRODUCTION
After all transactions have been recorded in the financial system, a final trial balance is prepared at the end of the financial year that results in the preparation of the annual financial statements to indicate to all interested parties the financial results of the years activities and the financial position of the entity at the year-end date. Financial statements are used by the company to measure the effectiveness of the objectives set for the year against actual outputs. A number of methods exist to measure financial position, financial performance through profitability, liquidity and other ratios, analysis and investors rely on this information to determine the internal rate of return, dividends and share prices to some extent as per Sowden-Service (2011).
ASSUMPTIONS
The following key assumptions were made when obtaining the consolidated annual financial statements for this analysis.
The PnP financial statements used for the
