The Reassessment Package Consists of Coursework Only
Submission:
Reassessment coursework to be handed in to the Sheffield Business School Student Help and Information Point Reception Level 1 Stoddart Building by 3.30pm on Friday 4th May 2012.
You must contact the module leader in order to be allocated a UK-listed company. You must acquire a copy of that company's most recent Annual Report and submit this with your assignment. Annual reports can be found via the Financial Times World Investor Link at
Required:
(a) Collect, calculate where necessary and present the following information for your company, for each year of the five-year period which ends on the balance sheet date of the most recent annual report of your company:
(1) Interim dividends, final dividends and total dividends
(2) Basic earnings per share
(3) Payout ratio
(4) Dividend cover
(5) One-month average share price on the balance-sheet date
(6) Dividend yield
(7) Earnings yield
(8) Price/earnings ratio
(9) Total shareholder return
(10) Return on capital employed
(11) Return on shareholders' funds
You must show all your workings in an appendix to your report. You must provide a summary of your ratios in the body of your report. Critically discuss the performance of your company, as indicated by your findings.
(40 marks)
(b)Calculate the weighted average cost of capital (WACC) of your company. You must use the dividend growth model to calculate the cost of equity. You must use market values as weights in your WACC calculation. You must identify any difficulties you experienced when calculating WACC. You must explain how you overcame these problems. You must explain why you have excluded any of your company's sources of finance from your WACC calculation. You must discuss whether your WACC can be used in investment appraisal.
(60 marks)
(Total: 100 marks)
Your must use a report format and your report must be no more than 3,000 words in length. Calculations are not included in the word count. You will need to consider relevant material from a variety of sources, including the module material, the core textbook, financial media sources and academic journals.
Any sources of information you use must be clearly identified, using academic referencing, including page numbers. All quotations from books, journals or media must be clearly acknowledged by using footnotes and quotation marks.
Note that this is ALL OF YOUR REFERRED COURSEWORK: there will NOT be any referred phase tests, so your referred coursework marks depend ENTIRELY ON THIS ASSIGNMENT.
You are reminded that plagiarism (the deliberate inclusion in work submitted for assessment of a substantial unacknowledged portion of someone else’s material, whether published or not) is a breach of University assessment regulations and may be dealt with severely. Please refer to the information overleaf concerning referencing and academic integrity.#p#分页标题#e#
The following information has been taken from the Sheffield Hallam University Library and Information Services: Library Resources web page and you are expected to read it carefully and understand it, particularly the information about academic integrity. Your assignment must use referencing of an academic standard, as detailed above. If you are unsure about any issue relating to academic integrity, please discuss the issue with your module leader.
Referencing
Accurate and consistent referencing is essential in all academic work. Whenever you refer to either the work or ideas of someone, or are influenced by another's work, you must acknowledge this. Similarly if you make a direct quotation from someone's work this should be referred to accurately.
The Guide to Referencing and Citations (see link below) is an ebook available online via the Library Catalogue. It offers detailed guidance, based on a range of British and international standards, for producing references and bibliographies.
Academic Integrity
If your work is not properly referenced it may appear that you are trying to present someone else's ideas as your own. This is plagiarism and it is considered to be a form of cheating. It is your responsibility to ensure that your work conforms to the University's standards of academic integrity.
