The report focuses on the use of ratios to assess Rio Tinto’s financial performance in 2015 and 2016. The Ratio analysis helps with outline the business financial performance helping improve future investment and growth planning.
The mining project assignment discusses various significant properties of mining tendering while implicating the reflection of AS 4120-1994 guidelines.
The report illustrates about the Rio Tinto financial analysis which is the “Australian company” and provides the overview of its financial performance over the last five years.
The study developed within this accounting assignment clearly establishes that BHP Billiton and Rio Tinto follow the same method for similar items in the classification and valuation of PPE.