Examination of Tom Wolfe's "The Electric Kool-Aid Acid Test"
2 pages (500 words) , Book Report/Review
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...Acid Tests... For people today Ken Kesey's magical journey on the Further Bus and the stories of his band of mischievous Marry Pranksters are major cultural and social turning points during the late 1960's psychedelic era. Hollywood adapts these stories to film over and over again; the latest example being the new release "Across the Universe" where a group of college age kids during the 1960's take a trip across the country on the "Beyond Bus," an obvious representation of the Further Bus. The Marry Pranksters were not just crazed tripped out drug fiends; contrary to some popular belief. These kids were honors students, enrolled in high level academics. The book by Tom Wolfe, The Electric Kool-Aid Acid...
Acid Ratios
4 pages (1000 words) , Essay
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...acid test... Ratio Analysis for Thingamajigs and Things and WannaBees Jennifer Reed A ratio analysis is a tool used by employees to analyze a company’s financial statements (Investopedia, 2011). Ratios are calculated from the current year numbers and then compared to another source such as previous years, other companies, or the industry as a whole. This an important tool for evaluating a firm’s credibility. There are many ratios that are used to determine a ratio analysis. These are short-term solvency ratios, debt management ratios, asset management ratios, profitability ratios, and market value ratios. The two ratios that make up short-term solvency ratios are the current ratio and the quick ratio or...
Introduction to Business
1 pages (250 words) , Essay
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...acid-test ratio which takes into account the lesser liquid nature of the inventory and therefore it is preferred over current ratio, especially in the merchandizing business. (Brigham, 1985) In the exercise given, two companies have applied for the loan and thus based on their respective current ratios and acid test-ratios, the opinion will be formed regarding the more deserving candidate to receive the loan. Current Ratio Calculations: Current Ratio = Current Assets/Current Liabilities (Brigham, 1985) Current Ratio of Potz = 45000... INTRODUCTION TO BUSINESS Introduction to Business and Section # of Ratio Analysis Current ratio is a measure of assessing liquidity of the company. A better measure is...
Profit and loss account -
1 pages (250 words) , Assignment
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...Acid Test 0.5:1 0.34:1 1.2:1 1:1 Debt Collection Period 1.3 days 1.2 days 45 days 40 days 1. Looking at the table (including the ratios for 2012), determine which of these organizations is a grocery store and which is a large manufacturing concern. Provide justification for your answers. To determine which company are grocery and the one that is manufacturing, there need to evaluate the stock turnover ratio. This ratio determines the time the company takes before the inventory... PROFIT AND LOSS ACCOUNT By + Profit And Loss Account A B 2011 2012 Gross Profit Margin 26% 28% 56% 58% Net Profit Margi 12% 10% 20% 23% Stock Turnover 25 days 22 days 130 days 128 days Current Ratio 1.6:1 1.6:1 2.14:1 2.14:1 Acid...
Course project
1 pages (250 words) , Coursework
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...acid test ratio. Macy’s current ratio is 1.52 which means that the company can pay its current liabilities. The acid test ratio is 0.55 which gives an accurate view of the company and portrays the inventory that a company can sell at a given... March 4, Finance and Accounting Financial ratios Equity investors use financial ratios to scrutinize financial performance when making investments. Financial ratios disclose how a company gets financed, its resources, and ability to pay debts and generate profits. Ratios portray the company’s position and compare it with other companies in the industries. Liquidity ratios will analyze the company ability to pay bills. It is in the form of current ratio and aci...
Ratio Analysis for Thingamajigs and Things and WannaBees
2 pages (500 words) , Essay
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...test ratio. The current ratio uses total current assets and total current liabilities. Total current assets are divided by total current liabilities to give the current ratio. Meanwhile, acid test ratio is found by the use of total current assets, total current liabilities, and inventory. The equation for the quick ratio is inventory taken away from total current assets and divided by total current liabilities. Keywords: Current ratio, acid test ratio, balance sheet, inventory, total current assets, total current liabilities. Ratio Analysis 1. In order to work out the current ratio for Thingamajigs and...
Aacounting
3 pages (750 words) , Assignment
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...Acid test ratio Acid test= quick assets/ current liabilities 2005 2006 Current assets less inventory 623981-203727=420254 672529-174848= 497681 current liabilities 509770 418383 Current assets- inventory/ current liabilities 420254/509770 497681/418383 Acid test ratio 0.8244 1.1895 Return on equity ROE= Net income/ average total assets 2005 2006 Net income 203828 136351 Shareholders’ equity 1404143 1365676 Net income/ shareholders equity 136351/1404143 203828/1365676 ROE 9.7% 14.93% Return on investment ROI= net income/ average total assets 2005 2006 Gain from investment 9623 20736 Cost of investment 99964 99964 (gain –cost)/cost... Accounting Introduction The paper will deal with an analysis of whole...
RATIO ANALYSIS (FTSE 100)
5 pages (1250 words) , Essay
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...Acid-test ratio, cash ratio, quick ratio, and current ratio among others (Rosengren, 2012). Under this category, we will use the acid-test ratio for the analysis. Acid-Test Ratio Acid-test Ratio = current Assets / Current Liabilities Acid-test ratio for TESCO (2013) = 12,465/18,703 = 0.67 2014 = 13,085/20,206 = 0.64 Acid-test ratio for Sainsbury (2013) = 1,677/ 2,990 = 0.56 2014 = 1,612/3,235 = 0.50 Acid-test or quick ratio... Ration Analysis (FTSE 100) Introduction Ratio analysis is one of the business appraisal methods that are fundamental in decision making on the progress of a company. In this report, there will be the calculation of certain selected ration of both TESCO and...
Assignment on Nokia
18 pages (3500 words) , Essay
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...ACID Test Model. The model is a widely accepted one that helps a company understand the dynamics that are involved in creating corporate identity. Later on the model was modified and an advanced form of the model known as AC2ID Test. The improved version includes an extra ‘C’ as Conceived Identity along with the existent ‘C’ which represented Communicated Identity. Thus the improved version of the model (AC2ID Test... Assignment on Nokia (ACCID Test Model) Table of content Introduction 3 Company Overview 4 Balmer’s AC2ID Test Model 5 Actual Identity 6 Communicated Identity 7 Ideal Identity 9 Desired Identity 10 Justification of the Model 11 Analysis the Ten Environmental Factors (Red Process) 12 Strategy ...
Acid Rain
6 pages (1500 words) , Research Paper
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...acid deposition (particularly nitrogen) reduced tree water uptake potential, oleoresin production, and caused the trees to become more susceptible to insect colonization during the drought period” (McNulty & Boggs). The above fact clearly shows that acid rain may cause destructive effects up on plants and trees both directly and indirectly. With winter wheat variety Yamgmai 12 as test object, a field experiment was conducted to study the stress of simulated acid rain on its growth and development. The results showed that simulated acid rain had considerable effect on wheat growth and yield. When the pH... Acid Rain “Acid rain is a worldwide environmental issue that has seriously destroyed forest...
Fundamentals of Financial Management
3 pages (750 words) , Speech or Presentation
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...Acid Test Ratio Average age of Receivables Inventory Turnover Ratio Debt to Total Asset Ratio Times Interest Earned Return on Total Assets, and Profit Margin Meaning of each ratio is discussed briefly, here under: Current Ratio – A current ratio measures the relationship of current assets with current liabilities... Fundamentals of Financial Management Q.3 Whether Loan To Be Sanctioned To Hamid Audio Video Based On Ratio Analysis Of The Firm. Hamid Audio Video has requested for a long term loan from Gulf State Bank. It is asked to analyze the business position of the company by using financial ratio analysis method in order to ascertain whether the company should be granted loan. Recommendation on the...
Financial ratios
2 pages (500 words) , Assignment
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...Acid test (quick) ratio Acid test = (cash + Due from other banks + investment securities)/ current liabilities = (3,435,761,000 + 9,180,420,000 + 11,703,577,000)/52,818,101,000 = 24,319,758,000/52,818,101,000 = 0.46 or 46% iii) Cash ratio Cash ratio = Cash Equivalents + Marketable Securities Current Liabilities... ii) Market-to-Book ratio Market-to-Book ratio = market price per share Book value per share =58.8 ...
Finance for mangers
8 pages (2000 words) , Essay
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...TEST 2009-10 Task 20% Calculation of ratios – Answers Morrison 2009 2008 2007 1. Current assets ratio 0.53:1 0.49:1 0.41:1 2. Acid test ratio 0.28:1 0.25:1 0.21:1 3. Return on capital employed 14.49% 13.98% 9.40% 4. Gross profit margin 6.28% 6.31% 5.10% 5. Mark up 6.71% 6.73% 5.38% 6. Expenses to sales ratio 1.78% 1.59% 2.14% 7. Net profit margin 4.51% 4.72% 2.96% 8. Stock turnover ratio (times) 27.56 27.49 32.14 9. Fixed assets turnover ratio 2.03 1.92 1.87 10. Capital gearing ratio 27.12% 24.30% 28.81% Tesco 2009 2008 2007 1. Current assets ratio 0.78:1 0.61:1 0.56:1 2. Acid test... of Chester BU4002 Finance for Managers Assessment TASK IN...
Ratio Analysis Case
2 pages (500 words) , Essay
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...Acid-test ratio = quick assets / current liabilities Quick assets = (1,120,000 – 610,000) = 510,000 Therefore, acid-test ratio = 510,000 / 600,000 = 0.85 Average collection period = 365/ receivables turnover Receivable... Ratio Analysis Case Section One Return on Total Asset (ROTA) can be calculated as; ROTA = Earnings before interest and tax/total net assets (Siddiqui, 623) Net Assets = total assets – liabilities Net assets = 3,000, 000 + 2,400, 000 – 1,600, 000 = 3,800, 000 Earnings before interest and tax = 340, 000 ROTA = 340, 000/ 3,800,000 = 0.0895 Return on common stockholders’ equity = Net income divided by average common stockholders’ equity. Net income = 182, 000 Average common stockholders’ eq...
Columnar Report
1 pages (250 words) , Case Study
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...Acid test (quick) ratio = (Cash + Accounts Receivable + Short-term Investments)/Current liabilities = (1135+15650)/33945 =0.494476359 Account receivable turnover= Net credit sales/Average accounts receivable Average accounts receivables = (15650+12380)/2 = 14015 =542750/14015 =38.72636461 Inventory turnover = Sales/Inventory or Cost of Goods sold/Average inventory Average inventory = (12680+15870)/2 = 57100 =435650/57100 = 34.35725552 Debt to equity ratio= Total liabilities/Shareholders’ Equity Total... liabilities= 33945+80000 = 113945 =113945/165580 =0.688156782 Times interest earned=Earnings Before Interest and Tax/Interest on bonds and other...
Interpretation of Accounts
8 pages (2000 words) , Assignment
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...Acid-test Ratio Acid-test ratio, also known as the quick ratio, takes into account the most liquid current assets that are available to cover current liabilities... ? Interpretation of Accounts Introduction Absolute raw data about the company such as revenue generated, profit earned, total capital employed or total debt involved cannot provide any meaningful information unless they are converted in the form that can help make necessary decisions. It is here that the various financial ratios come handy in describing the status of the company. The company’s performance can be judged from several accounting and profitability ratios such as liquidity measurement ratios, profitability ratios, debt ratios. The ...
Analysis of the financial statements of three leading supermarkets in UK
8 pages (2000 words) , Research Paper
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...TEST 2009-10 Task 20% Calculation of ratios - Answers Morrison 2009 2008 2007 1. Current assets ratio 0.53:1 0.49:1 0.41:1 2. Acid test ratio 0.28:1 0.25:1 0.21:1 3. Return on capital employed 14.49% 13.98% 9.40% 4. Gross profit margin 6.28% 6.31% 5.10% 5. Mark up 6.71% 6.73% 5.38% 6. Expenses to sales ratio 1.78% 1.59% 2.14% 7. Net profit margin 4.51% 4.72% 2.96% 8. Stock turnover ratio (times) 27.56 27.49 32.14 9. Fixed assets turnover ratio 2.03 1.92 1.87 10. Capital gearing ratio 27.12% 24.30% 28.81% Tesco 2009 2008 2007 1. Current assets ratio 0.78:1 0.61:1 0.56:1... of Chester BU4002 Finance for Managers Assessment TASK IN...
Report on Marks and Spencer
6 pages (1500 words) , Essay
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...Acid Test Ratio Current assets - inventory)/current liabilities 0.47 0.37 Debt Management The debt management ratios indicate how the company’s management has managed the debts of the company. According to Brigham (2005... Financial Management Report on Marks and Spencer Introduction Marks and Spencer operates in the hi-end niche market of the retailing business. The company operates in a number of countries worldwide. Financing at Marks and Spencer Marks and Spencer is funded by Equity in the amount of ?2,185..9 million and non-current liabilities of ?3,076.6 million. On April 3, 2010 Marks and Spencer was financed by Total liabilities of ? 4,967.3 million consisting of current liabilities (due within...
To produce an informal report
4 pages (1000 words) , Assignment
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...Acid Test Ratio for the year 2010 = Current assets – Inventory / Current liabilities = 30,000 / 24,000 = 1.25 Acid Test Ratio for the year 2011 = Current assets – Inventory / Current liabilities = 31,300 / 22,000 = 1.422 Performance Ratios Rate of stock turnover for the year 2010 = Cost of goods sold... Running Head: FINANCIAL RATIO ANALYSIS Financial Ratio Analysis of the of the Financial Ratio Analysis Task A Profitability Ratios Gross Profit Ratio for the year 2010 = Gross Profit / sales = 155,000 / 225,000 = 68.88% Gross Profit Ratio for the year 2011 = Gross Profit / sales = 185,000 / 278,000 = 66.54% Expense / Sales Percentage for the year 2010 = 110,000 / 225,000 = 48.88% Expense / Sales Percentage...
Financial Management
6 pages (1500 words) , Essay
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...Acid Test Ratio Current assets - inventory)/current liabilities 0.47 0.37 Debt Management The debt management ratios indicate how the company’s management has managed the debts of the company. According to Brigham (2005... Financial Management Report on Marks and Spencer Introduction Marks and Spencer operates in the hi-end niche market of the retailing business. The company operates in a number of countries worldwide. Financing at Marks and Spencer Marks and Spencer is funded by Equity in the amount of ?2,185..9 million and non-current liabilities of ?3,076.6 million. On April 3, 2010 Marks and Spencer was financed by Total liabilities of ? 4,967.3 million consisting of current liabilities (due within...
Coroporate finance
6 pages (1500 words) , Research Paper
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...Acid-test ratio 1.00 1.03 Working capital QR 304908000 QR 975749000 Debt ratio... ?Introduction The objective of public companies is to generate profits in order to maximize shareholders wealth. The use of financial analysis can help managers, accountants, or investors evaluate the financial performance of companies. One of the best sources of information to find data regarding the financials of a firm is the annual report. The annual report contains the financial statements of a company. The four major financial statements are the income statement, balance sheet, statement of retained earnings, and the statement of cash flow. One of the most effective tools to analyze the financial performance of an...
Financing the Short Term Obligations
4 pages (1000 words) , Coursework
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...Acid Test Ratio = (Current Assets – Inventory) / Current Liabilities (2011) = (434,000,000 – 15,400,000)/ 473,000,000 = 0.88 x Efficiency Ratios 3. Debtor Days = Account Receivables / (Sales/360) (2011) = 138,100,000 / (2,502,200,000/360) = 19.87 days 4. Creditor Days = Accounts Payable / (Sales/360) (2011) = (106,900,000) / (2,502,200,000/360) = 15.38 days 5. Stock Turnover Days = (Inventory x 360) / Cost of Goods Sold (2011) = (15,400,000 x 360) / 1,614,800,000 = 3.43 days McDonald Liquidity Ratios 6. Current Ratio = Current Assets / Current... ? Financing the Short term Obligations Financing Introduction The purpose of this report is to assess and analyze the financing of short term debts and...
Acid base case study
3 pages (750 words) , Essay
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...Acid-Base Balancing Act. Retrieved from http://www.americannursetoday.com/article.aspx Lab Test Online Acid Base Disorders. (2012). Retrieved, from http://labtestonline.org/understanding/conditions/showall/html Lehne, R. A. (2012). Pharmacology for Nursing Care. New York: Elsevier Health Sciences... Acid-Base Case Study Angelique Harris Grand Canyon Advanced Pathophysiology and Pharmacology for Nurse Educators NUR-641E April 18, Acid-Base Case Study The acid base disturbance in this patient is caused by a condition known as metabolic alkalosis. Consequently, this state occurs when the PH of the blood in arteries rise above 7.45 which is the maximum PH. The pH above 7.5 is termed as alkalemic. A general d...
The Acid Base Disturbance
2 pages (500 words) , Download 0 , Essay
Free
...Acid-Base Balancing Act. Retrieved from http://www.americannursetoday.com/article.aspx Lab Test Online Acid Base Disorders. (2012). Retrieved, from http://labtestonline.org/understanding/conditions/showall/html Lehne, R. A. (2012). Pharmacology for Nursing Care. New York: Elsevier Health Sciences... ? Acid-Base Case Study Angelique Harris Grand Canyon Advanced Pathophysiology and Pharmacology for Nurse Educators NUR-641E April 18, Acid-Base Case Study The acid base disturbance in this patient is caused by a condition known as metabolic alkalosis. Consequently, this state occurs when the PH of the blood in arteries rise above 7.45 which is the maximum PH. The pH above 7.5 is termed as alkalemic. A general ...
Methanol to acetic acid
4 pages (1000 words) , Assignment
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...acid charge and then the reactor is sealed. A pressure test is conducted on the reactor using nitrogen gas after which it is vented. The autoclave is flushed with carbon monoxide a couple of times. Residual liquid elements of the reaction composition are then charged onto the autoclave via a liquid addition pipe. The autoclave is the heated with stirring at 1500 revolutions per minute in order to attain the reaction temperature. Total pressure is raised up to 3 bars below the desired operational pressure through feeding of carbon monoxide from the ballast vessel... ? Methanol to Acetic Acid Acetic acid processes and mechanisms have evolved with novel innovations, commercialization and continuous...
Managing Financial Resources.
8 pages (2000 words) , Assignment
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...Acid Test Ratio = Current Assets - Inventory / Current Liabilities Acid Test Ratio (2009) = 5,887,480 – 634,480 / 646,020 = 8.13 times Acid Test Ratio (2010) = 6,337,720 – 628,480 / 689,540 = 8.28 times Industry Standard = 8 times The acid test ratio is similar to current ratio but it does not incorporate the Cost of inventory or stocks since it considers them to be the least liquid. The acid test ration of Low Fell... Low Fell Engineering Ltd Task We will examine the profitability of Low Fell Engineering in the light of the information obtained from their Income statement and balance sheets. The ratios themselves do not provide us a way to properly analyze the company itself. For instance, a return on...
ENVY RIDES CASE
5 pages (1250 words) , Case Study
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...Acid Test Ratio The acid test ratio shows the ability of a firm to settle its current liabilities using its current assets. Therefore, it shows how many current assets the firm will have to settle its current liabilities. It shows which firms are highly leveraged by having more current liabilities as compared to its current assets. Envy has an acid test ratio that has been reducing since 2007 from 0.22 to 0.09 in 2009. This shows that, the firms ability to settle its current liabilities using its current assets is increasing. Envy is, therefore, at a less risky situation as it only has a small acid test ratio to settle. Envy, therefore, will not have a hard time... Business Decision Making Envy Rides...
Critical Annotated Bibliography Tranexamic Acid
10 pages (2500 words) , Essay
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...test conducted the study. The first half of the population was injected with 10mg/kg of tranexamic acid. Conversely, the placebo group underwent the same procedure only that normal saline was used instead of tranexamic acid. The scope of the study was to determine if tranexamic acid significantly decreases post-operative blood loss and reduce the need for blood transfusion in Indian patients undergoing TKR. The conclusion derived by the researchers, revealed that tranexamic acid leads... ? Critical Annotated Bibliography Tranexamic Acid Guatam, P. L., Katyal, S., Yamin , M., & Singh, A. . Effects of tranexamic acid on blood loss and transfusion requirement in total knee replacement in the indian...
A harmful impact of acid rain
5 pages (1250 words) , Research Paper
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...acid deposition (particularly nitrogen) reduced tree water uptake potential, oleoresin production, and caused the trees to become more susceptible to insect colonization during the drought period” (McNulty & Boggs). The above fact clearly shows that acid rain may cause destructive effects up on plants and trees both directly and indirectly. With winter wheat variety Yamgmai 12 as test object, a field experiment was conducted to study the stress of simulated acid rain on its growth and development. The results showed that simulated acid rain had considerable effect on wheat growth and yield. When the pH of acid rain was < or = 3.5, the growth of leaf... Acid Rain “Acid rain is a worldwide environmental...
Qualitative Analysis, IR, NMR (Organic Chemistry)
3 pages (750 words) , Lab Report
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...Acids Place 2ml of the bicarbonate solution in the glass then add 2 drops of the acid. Gas bubbles of carbon dioxide depict a positive test. Ceric Nitrate Test Place 5 drops of the test reagent on the white spot plate then adds 2 drops of the unknown #703 sample. Stir the solution with a thin glass rod in order to mix the components and observe any... Introduction The experiment of the qualitative analysis aims at separating two mixtures of the two organic compounds intopure materials, characterize them and determine their prevailing structures. The knowledge of the qualitative analysis is significance in the development of the independent design of the laboratory experiments. Procedure Carboxylic Aci...
Financial Analysis of Mitsui & CO.
3 pages (750 words) , Essay
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...Acid Test Ratio 1.26 : 1 1.26 : 1 0 Operational Efficiency Total Asset Turnover (times) 0.49 0.48 0.1 Fixed Asset Turnover (times) 1.05 1.07 - 0.57 Cash Turnover (times) 6.4 5.2 1.2 Capital Structure Gearing Ratio 32.8% 34.7% -1.9% Debt-Equity Ratio 48.8% 53.2% -4.4% Debt ratio 10.5% 10.4% 0.1% Dupont Chart provided on the next page. Part C Credit Ratings R&I Moody's S&P Commercial Paper Rating a-1+ P-1 A-1 Long-term Corporate credit Rating AA- - A Long term unsecured senior debt... MITSUI & CO., LTD. Part A. Company Profile (Source: Annual Reports Mitsui & Co., Ltd; CNN Money, Yahoo Finance Sep 25, 2007 Oct 25, 2007 Price per Share: 501.67 504.99 Market capitalization (19 Nov....
Financial Analysis 334
2 pages (500 words) , Math Problem
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...Acid-Test Ratio Current Assets- Stock/ Current Liabilities 150-50/100 = 1 187.5-75/75= 1.5 Coverage Ratio EBIT/ Interest Expense 193/8 = 24.124 126/21 = 6 Fixed Assets Turnover Sales / Net Fixed Assets 1250/350 = 3.57 1000/250 = 4 Gross Profit Margin Gross Profit / Sales 500/1250 = 40% 400/1000 = 40% Net Profit Margin Net Profit / Sales 92.5/1250 = 7.4% 52.5/1000 = 5.25% a) Given the ratios, we can clearly see that the position of Smith Company and Jones Corporation from the lens of ratio analysis. If we look at the liquidity ratios which tell us how much current asset does a firm have to pay... Ratio Formula Jones Smith Liquidity Ratio Current Assets/ Current Liabilities 150/100 5 187.5/75 = 2.5...
Critical number
3 pages (750 words) , Assignment
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...Acid test 56.34% 98.74% Debtors ratio und. und. Dividend cover 3 1.99 Debt to equity 1.85 1.19 Earnings per share £34.98 £32.0 The return on capital employed (ROCE) of Tesco is 22.39%, while the ROCE of Sainsbury’s is 6.39%. The desirable outcome is to have a high ROCE due to the fact that the metric shows the profitability of a company (Garrison & Noreen, 2003). The acid test ratio of Sainsbury’s is much better than Tesco. The acid ratio shows the ability of a company to pay off... Part I (a) The sustainability of companies is dependent on managers being able to identify their weaknesses and taking corrective actions to fix problems. A good way to find alternative solutions to problems is by providing...
Critical number
3 pages (750 words) , Download 0 , Assignment
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...Acid test 56.34% 98.74% Debtors ratio und. und. Dividend cover 3 1.99 Debt to equity 1.85 1.19 Earnings per share ?34.98 ?32.0 The return on capital employed (ROCE) of Tesco is 22.39%, while the ROCE of Sainsbury’s is 6.39%. The desirable outcome is to have a high ROCE due to the fact that the metric shows the profitability of a company (Garrison & Noreen, 2003). The acid test ratio of Sainsbury’s is much better than Tesco. The acid ratio shows the ability of a company to pay off its short... ?Part I (a) The sustainability of companies is dependent on managers being able to identify their weaknesses and taking corrective actions to fix problems. A good way to find alternative solutions to problems is by...
Analysis of the Financial Position of the Company
5 pages (1250 words) , Essay
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...acid-test ratio, at 0.4 for Year 8 versus 0.6 for Year 7, reflects further the company’s incapacity to pay its current liabilities using the most liquid of its resources. Just like the company’s current ratio, its acid-test ratio falls below even lower than the industry’s low average, 0.6. This, again, should alert the company’s management to address its unhealthy liquidity level. Both the company’s current ratio... Company D MEMORANDUM May 20, 2009 The Chief Executive Officer Quelinda Steward Analysis of the Financial Position ofthe Company (based on Ratios and Trends) The year-on-year net sales growth of Company D, at 8.76%, turns out to be higher than the increase in its cost of merchandise sold, ...
El-Con Construction Inc
4 pages (1000 words) , Download 4 , Case Study
...Acid test 2.31 1.72 1.75 Working capital 2.8 2.7 3.4 The current ratio and acid test of the company for the three years was more than 1 which means that the company was in a better position to cater for its liabilities and obligations using its assets. Working capital measures the efficiency of as well as its short term financial health. The ratio... Case analysis-El-Con Construction Inc (El-Con) This case is about the different ways through which El-Con can optimize its shareholders wealth. In 2010, El-Con was requesting from Oakville Hydro amount of $450,000 for hydrovac truck and $50,000 to cover its working capital needs. Rob Lister, the CEO of Oakville Hydo though that El-Con was qualified for the...
Fiancial Information for managers
4 pages (1000 words) , Coursework
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...acid test ratios, average sales period, and average settlement period for account receivables. The gross margin of a company is calculated by dividing net profit by sales (net income / sales). Managers should seek a high gross margin metric. Firms that have low gross margin are not attractive common stock investments because its profitability is poor and the firm may run the danger of ending up with negative net margins. Gross margin is considered a ratio... The managers of corporations are the ones responsible of the employees of the company and overall results of the business operation. Due to the responsibility that is given to these professionals they have to learn how to interpret and utilize...
Financial Ratios Project
4 pages (1000 words) , Case Study
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...Acid Test = (current assets - Inventory) / current... liabilities In 2015: (16.39 – 7.9) / 14.03 = 0.605 2014: (11.57 – 8.77) / 12.78 = 0.219 2013: (14.09 – 8.79) / 11.74 = 0.453 3. Receivables turnover= Sales/ Average receivables In 2015: 72.62/ 1.12 = 64.84 2014: 72.6 / 1.35 = 53.78 2013: 73.3/ 6.86 = 10.69 4. Inventory turnover = Sales / inventory In 2015: 72.62 / 8.79 = 8.26 2014: 72.6/ 8.77 = 8.28 2013: 73.3/ 7.9 = 9.28 Wal-Mart Stores Inc.: 1. Current ratios: In 2015: 63.28 / 65.27 = 0.97 2014: 61.19 / 69.35 = 0.88 2013: 59.94 / 71.82 = 0.84 2. Acid Test: In 2015: (63.28 – 45.14) / 65.27 = 0.278 2014: (61.19 – 44.86) / 69.35 = 0.235 2013: (59.94 – 43.8)...
Preparation of Acetyl Salicylic Acid (Aspirin)
8 pages (2000 words) , Lab Report
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...acid as the acid catalyst of the reaction. Objective: To illustrate the synthesis of the drug, aspirin and determine its purity by a chemical test Materials and methods: Synthesis of Aspirin A water- bath was prepared by filling half-way a 400mL beaker with water and the water heated to boiling point. 2.004g of salicylic acid was placed in a 125mL Erlenmeyer flask. Carefully 3mL of acetic anhydride was added to the flask and while swirling 3 drops of concentrated sulfuric acid were added. To avoid eye irritation and burns caused by acetic anhydride and sulfuric acid respectively, the chemicals were handled in the hood in gloves. The reagents were mixed and then the flask was placed... ?Preparation of...
Preparation of Acetyl Salicylic Acid (Aspirin)
4 pages (1000 words) , Lab Report
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...acid as the acid catalyst of the reaction. Objective: To illustrate the synthesis of the drug, aspirin and determine its purity by a chemical test Materials and methods: Synthesis of Aspirin A water- bath was prepared by filling half-way a 400mL beaker with water and the water heated to boiling point. 2.004g of salicylic acid was placed in a 125mL Erlenmeyer flask. Carefully 3mL of acetic anhydride was added to the flask and while swirling 3 drops of concentrated sulfuric acid were added. To avoid eye irritation and burns caused by acetic anhydride and sulfuric acid respectively, the chemicals were handled in the hood in gloves. The reagents were mixed and then the flask was placed... Preparation of...
Acid Mine Drainage
7 pages (1750 words) , Essay
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...acid mine drainage that was primarily suspected to be the cause of the problems, a number relevant of tests were taken in pursuit of the same. The results of the test taken were recorded and documented as shown below; Site Flow (L s-1) P.H Fe Mg L-1 Al Mg L-1 Cu Mg L-1 Z n Mg L-1 R1 240 6.9 0.40
Assignment
3 pages (750 words) , Assignment
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...Acid Test Ratio Quick ratio... Accounting Assignment—Part A Inventory and Depreciation Consider this Balance Sheet situation: Three years ago Mr. Jones bought a new machine that inserts pimentos into green olives. He paid $10,000 for the machine, and it went happily to work and has been filling 5,000 green olives per day with bright red pimentos. At the time of purchase, Mr. Jones’ accountant told him that the standard useful life for this type of equipment was 10 years. Mr. Jones decided to use the straight-line method to calculate depreciation. 1. What amount would go on the Balance Sheet at the time of purchase? $ 10,000 – The cost of a new asset 2. Where would this amount have been posted on the...
Accounting & Finance, Information Tools
3 pages (750 words) , Download 0 , Essay
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...acid test ratio declined from 0.64 in 2011 to 0.43 in 2012. This indicates company weakness and implies that the company had fewer current assets to meet creditor’s obligation. Additionally, the inventory turnover decrease from 6.1 in 2011 to 5.2 in 2012, this indicates company weakness because more... ? Accounting & Finance, Information Tools Explaining each ratio trend whether the ratio or trend indicatesstrength of the company; a likely weakness, threat, or emerging problem; or a satisfactory condition that management should not view as a strength or weakness Company G current ratio declined from 1.86 in 2011 to 1.79 in 2012 indicating company weakness in at fulfilling creditor’s obligation. The acid...
Accounting form
2 pages (500 words) , Essay
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...Acid test ratios= Current Assets – Inventory= 21600-7800=0.314 Current liabilities... Accounting Form Adjustments/Workings Working Sales= Cash Sales + Credit Sales (Arora, . Debtors Control A/c 2011 Accounts receivables’ b/d 12600 Bad debts (cheque) 500 Sales (2011) 39900 Bank 52000 £52500 £ 52500 Working-2 ...
Financing the Short Term Obligations of The Business
5 pages (1250 words) , Coursework
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...acid Test)= Total Quick Assets/ Total Current Liabilities 0.432721 Efficiency ratios for mark & spencer Turnover ratios- Creditors’ day 9.379537 Receivables ratio = sales divide... ? ‘Financing the Short Term Obligations of the Business’ Group: Short Term Financing Introduction: Shortterm finances are used by many firms. They are more often necessary on temporal basis and during times of fluctuation of funds. They are used to cushion for cash flow or secure liquid funds in the short run of the business. A comparison of Mark & Spencer and Morrison Company is analyzed below for liquidity and management of working capital. Modes of short term financings used by these companies are also assessed. Sources of...
The acid and enzymatic hydrolysis of glycogen
6 pages (1500 words) , Essay
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...acid reagent solution ( Dintirosalicylic acid 10 g , phenol 2 g, sodium sulfite 0.5 g , sodium hydroxide 10 g is dissolved in 1 liter of the water to prepare 1% DNS solution ). 4. Rat liver Glycogen in water 5. Rat liver glycogen in phosphate buffer. 6. Amylase ( ph 6.9) Methods: Acid Hydrolysis: The 0.4 cm3 of the glycogen solution, having a concentration of 8mg cm-3 in water was prepared. To this solution, 0.6 cm3 of the 2M HCl is added. Ten test tubes were prepared with the following solution and kept in a boiling water bath for the complete hydrolysis to take place. The reaction was stopped at various time intervals... The acid and enzymatic hydrolysis of glycogen Introduction: Polysaccharides are...
Ipplepen Plc.
6 pages (1500 words) , Essay
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...Acid Test Ratio 1.19 : 1 -- 3. Assessment of Operational Efficiency Total Asset Turnover (times) 1.81 2.04 Fixed Asset Turnover (times) 3.83 4.18 Cash Turnover (times) 20.67 24.25 Debtor Days 48.31 48.55 Creditor Days 40.09 40.48 4. Capital Structure Assessment Gearing Ratio % 3.26 0.87 Debt... Ipplepen Plc. Financial Ratios: Ratios 2006 2005 Profitability Assessment Return on Investment (ROI)% 19.21% 20.94% Gross Profit % 7.52% 7.13% Net Profit % (1) 7.52% 7.13% Net Profit % (2) 4.89% 4.68% Return on Equity (ROE) % 13.26% 14.02% Earnings Per Share (EPS) (pence) 34.57 32.87 Dividend Yield % 7.0 pence 5.4 pence 2. Liquidity Assessment Working Capital (000) 38,924 29,886 Current Ratio 1.82 : 1 1.68 : 1 Aci...
Short-term obligations
5 pages (1250 words) , Essay
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...acid test. The rations for McDonalds are as follows, Liquidity ratios Current ratio= current assets/ current liabilities =4368.5/2924.7 = 1.494 Acid test ratio= current assets less stock and prepayments/current liabilities =3566.7/2924.7 =1.219 Efficiency ratios Debtor days= (average debtors/credit sales)*365 The company’s financial report has no record of credit sales. It is therefore not possible to calculate its debtor days... ? ASSIGNMENT 29 February ASSIGNMENT Table of contents 0 Introduction……………………………………………………………………………….3 2.0 Financing the short term obligations of businesses……………………………………….3 3.0 Task 2……………………………………………………………………………………..4 3.1 meeting short term obligations……………………………………………………4 3.2...
Financing the Short Term Obligations of The Business
5 pages (1250 words) , Coursework
Only on StudentShare
...acid Test)= Total Quick Assets/ Total Current Liabilities 0.432721 Efficiency ratios for mark & spencer Turnover ratios- Creditors’ day 9.379537 Receivables ratio = sales divide... Financing the Short Term Obligations of the Business’ Group: Short Term Financing Introduction: Short term finances are used by many firms. They are more often necessary on temporal basis and during times of fluctuation of funds. They are used to cushion for cash flow or secure liquid funds in the short run of the business. A comparison of Mark & Spencer and Morrison Company is analyzed below for liquidity and management of working capital. Modes of short term financings used by these companies are also assessed. Sources of sho...
Business accounting
4 pages (1000 words) , Essay
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...acid-test ratio will be utilized. At first look, the Northern Branch... Running Head: FINANCIAL REPORT Financial Report in Harvard Style by 12 March 2007 0. Introduction The performance of a business organization is quantitatively reflected in its financial statements. Ascertaining the financial health of a company has become important to different decision makers like managers, stockholders, potential investors and creditors. As such, it becomes important to evaluate the financial situation of Northern and Southern branches to identify their relative strengths and weaknesses. In order to accomplish this task, this report will utilize financial ratio analysis. Financial ratio analysis has become one of th...
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