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case study on ratio analysis
What is the nature of ratio analysis
case study on ratio analysis
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To determine Panorama’s financial positions, we need to use ratio analysis. There are four main categories we can use. They are liquidity, activity, profitability, and debt or financial leverage.
The first category Panorama needs to look at is liquidity. This is measured in three different ways. Working capital, current ratio and the acid-test ratio. Working capital can be described as a company’s current assets minus its current liabilities. Panorama’s working capital would be $833.89. The second is the current ratio in which we would find by taking a company’s assets divided by its current liabilities. In this case Panorama had current assets of $1808.89 and current liabilities of $975.00. A company’s current ratio is very important in determining its bill paying capacities. The third category, the acid-test ratio, is a good method to determine if a company will be able to meet their short-term financial obligations. Acid-test ratio is found by taking the company’s current assets minus inventories and dividing that by their current liabilities. Panorama had an acid-test ratio of 1.3, which indicates that it is a company with adequate liquidity. One thing to keep in mind when measuring liquidity would be to know what method of cost flow assumption was used, FIFO or LIFO. This would have an affect on the working capital and the current ratio so we will need to know this when comparing to other companies.
Activity measures are the other measures used in ration analysis. Tur...
After suffering the overwhelming ferociousness and inhumanity of being a slave for over two decades , a black man by the name of Fredrick Douglass fled from enslavement and began to make a concerted effort to advance himself as a human being. Combating many obstacles and resisting numerous temptations, Douglass worked assiduously to develop into a knowledgeable gentleman rather than the involuntary alternative of being an unenlightened slave. In doing so, Douglass successfully immerged as one of the Civil War era’s most prominent antislavery orators. From his first major public speech at the age of 23, Douglass became widely renowned as a premier spokesperson for Black slaves and the movement for the abolition of slavery. In one of Douglass’ most distinguished speeches, “The Meaning of July 4th for the Negro,” he uses the intermittent occasion of speaking on behalf of African Americans to a multitude of White Americans to outline arguments against slavery. In that very speech, Douglass made it clear that, like countless African Americans during this time period,
‘Reform movements in the United States sought to expand democratic ideals. Assess the validity of this statement with specific reference to the years 1825-1850.’
While some citizens of the United States, between 1825 and 1850, believed that reform was foolish and that the nation should stick to its old conduct, reformists in this time period still sought to make the United States a more ideally democratic nation. This was an age of nationalism and pride, and where there was pride in one’s country, there was the aspiration to improve one’s country even further. Many new reformist and abolitionist groups began to form, all attempting to change aspects of the United States that the respective groups thought to be unfair or unjust. Some groups, such as lower and middle class women and immigrants, sought to improve rights within the county, while other reformers aspired to change the American education system into a more efficient way of teaching the county’s youth. Still other reform groups, particularly involved in the church and the second great awakening, wanted to change society as a whole. This was a time and age of change, and all these reforms were intended to contribute to the democratic way our country operated.
All financial information and notes are used to asses a company’s health and predict what the coming year may hold. The information found on the financials contains a large amount of information and once one understands how to interpret it then one has a visual of the company’s health.
Frederick Douglass's "Fourth of July" Speech is the most famous speech delivered by the abolitionist and civil rights advocate Frederick Douglass. It attracted a crowd of between five hundred and six hundred. Douglass’s speech to the slaves on the Fourth of July served to show the slaves that there is nothing for them to celebrate. They were not free and the independence that the rest of the country celebrated did not apply to them.
The effectiveness and excellent structure of Frederick Douglass’ Fourth of July speech is apparent. His rhetorical arguments served as powerful rebuts to opposing contentions and forced his audience to consider the undeniable error in their nation’s policy and approach regarding slavery. Douglass also compelled his audience to take his words seriously by establishing his credibility, recognizing his audience, and skillfully constructing and executing his speech. The end product of his efforts became a provocative speech at the time and a historical delivery in the future. Douglass succeeded in giving a speech that clearly and effectively argued the absurdity of the institution of slavery in America, leaving it up to his audience to consider his position and decide for themselves how to act in the future.
The first method we will review is the accounting method. Through this accounting approach we will analyze specific ratios and their possible impact on the company's performance. The specific ratios we will review include the return on total assets, return on equity, gross profit margin, earnings per share, price earnings ratio, debt to assets, debt to equity, accounts receivable turnover, total asset turnover, fixed asset turnover, and average collection period. I will explain each ratio in greater detail, and why I have included it in this analysis, when I give the results of each specific ratio calculation.
Obviously, this case aims to evaluate Joanna’s analysis. Throughout the analysis, we will estimate the cost of debt, cost of equity, and cost of capital through different financial analysis models.
Frederick Douglass made the most of his years after escaping from slavery in 1852. Douglass spread his words against slavery through being a well-known writer. Douglass was one of the most prominent reform leaders of his era (Foner, 481). A popular document written by Frederick Douglass on July 5th, 1852, spread some powerful words among the nation. Douglass’s speech was titled “What to the slave is the Fourth of July”. When his speech was published, his intended audience was his “fellow citizens” and those unaware that the Fourth of July was a day of mourning for slaves; unlike white Americans celebrating the day of freedom. The reason Douglass’s speech was published was to bring attention to the separation on the Fourth of July between white and black Americans. Even though Frederick Douglass was free he could not celebrate but mourn the day for horror of the past and presence of slave cruelty.
Therefore, it shows that Lorde has to stand up for herself in order to go to the dining car. The essay reflects on when Lorde and her family visit a store, they were told to leave the store which made them feel excluded from the crowd. The author writes, “My mother and father believed that they could best protect their children from the realities of race in America and the fact of the American racism by never giving them name, much less discussing their nature. We were told we must never trust white people, but why was never explained, nor the nature of their ill will” (Lorde, 240). The quote explains that Lorde’s parents thought they can protect their child in United States from the racism, however, they had to go through it and face racism in their daily life. This shows that her parents were aware of racism, which they might have to stand up for their rights, but they did not take the stand for themselves as well as their child. Therefore, her parents guided them to stay away from white people. This tells readers that Lorde has to fight for the independence that she deserves along with going against her
“Land of the Free and Home of the Brave.” Citizens of the United States of America grow up hearing these words echo in their ears. They see it in advertising, campaign speeches, the news, and any patriotic material. But this statement, this theme that those patriots cling to has not always been true for everyone. Frederick Douglass elaborated on this underlying contradiction and moral failure of the United States. Specifically, his speech, What, to the slave, is the Fourth of July?, demonstrates the concepts of the True and the Good as established in the Platonic framework as he pursues both concepts by proving their opposites to be true for the United States.
The reality of the matter, only known to the mother and father, is that the status quo of racist policies prohibited the Lordes from dining in the car. Lorde appeals to the reader’s pathos by subconsciously creating empathy for Lorde as she struggles with her parents not being truthful about foundational aspect of mid 1900’s American society – racism. Moreover, the use of situational irony is shrewdly expressed in Lorde’s interpretation of her family’s D.C. trip: “…the waitress was white, and the counter was white, and the ice cream I never ate in Washington DC was white and the white heat and the white pavement and the white stone monuments of my first Washington summer made me sick to my stomach…” (para. 24). Employing vivid imagery of how Lorde perceives her recently awoken sense of actual reality, she is able to express her understanding of the displeasing disparity between superior Whites and inferior Blacks. Unlike her jaded parents, Lorde expected the United States’ capital to uphold the same virtues it was founded upon – freedom, equality, liberty. Ironically, she finds Washington D.C. to be filled with inherent discrimination. Consequently the reasoning for Lorde’s blatant irony in her essay’s title: “The Fourth of July”. July 4th is supposed to represent the day the American founders broke away from an oppressive British rule to mark the birth of a free land. Paradoxically, they created a regime that was was more oppressive than the British. The racist foundation of the new nation is not exposed until the understanding of Thomas Jefferson’s implication of the phrase “all men are created equal” in the Constitution. These “men” strictly refer to the elite men that have conquered this new land of America – property-owning white men. Thus, women and those of color were not recognized as entities that possessed inalienable rights. Founding a
n Frederick Douglass’ What to the Slave is the 4th of July, he presents a simple yet morally complex argument. In his letter, Douglass states that it is hypocritical for a country to celebrate its freedom and separation from another country, yet still have slavery alive and well in the United States. Morally, this issue is a pretty straightforward argument and the very definition of hypocritical. Douglass also touches upon his belief that all men and women are equal, as stated in the constitution, yet slaves are subhuman. Another topic touched on is the contributing factors that perpetuate the constant and unjust nature of how slaves are treated, such as religion, agricultural, and over all demeanor towards slaves.
Monea, M. (2009). Financial ratios – Reveal how a business is doing? Annals of the University Of Petrosani Economics, 9(2), 137-144. Retrieved from http://www.upet.ro/eng
Organizations use financial statements and ratio analysis assess financial performance viability. The ratio analysis are used to identify trends and to perform organizational comparison (financial) with other companies within same industry. Ratio analysis, using data reported on the financial statements, are divided into five major categories: common size, liquidity, solvency, efficiency, and profitability. This paper will assess the financial stability of John Hopkins Hospital (JHH) using the five ratio analysis.