5-Minute QuickScan5 Minute QuickScanDate:Basic Quality StandardsQuestion 2Question 3Question 4Question 5Question 6Question 7DecisionCompany NameTicker.OB or .PK?Mkt Cap < $500M ?Recent IPO?3 to 5 years Positive EBIT?3 to 5 years of positive Cash Flow from Operating Activities?5 years of ROE > 10%?5 Years of Debt to Equity Ratio < 1?Recent Price to Book Ratio < 2?3 years of only positive net Tangible Assets?Keep and Conitue to Analyze or Drop Company?Analog Device INC.ADINONOYESYESYESNOYESYESKeep and Conitue to Analyze
Data InputStock TickerADIYear20142013201220112010QuoteCurrent Price60.19P/E26.9Market Cap1888[in million USD]Shares Outstanding313.67[in million]EarningsEarnings Growth RateCompany [Next 5 Years]11.4[in decimal]FinancialsIncome Statement20142013201220112010Total Revenue (Sales)2,864,7732,633,6892,701,1422,993,3202,761,503Gross Profit1,830,1881,692,4111,741,0011,986,5411,799,422Operating Income752,484753,075824,0481,072,025900,074Net Income629,320673,487651,236867,394712,084Interest Expense, Supplemental34,78427,10226,42219,14610,429Diluted Normalized EPS1.982.142.132.812.33Balance Sheet20142013201220112010Total Inventory367,927283,337313,723295,081277,478Total Current Assets3,811,8865,472,4254,696,1854,386,3483,478,999Total Assets6,859,6906,381,7505,620,3475,277,6354,328,831Total Current Liabilities709,056570,512525,079525,005643,467Total Long Term Debt872,789872,241807,098871,876400,635Total Liabilities1,392,7371,071,662929,909957,217485,647Retained Earnings (Accumulated Deficit)4,231,4964,056,4013,788,8693,482,3342,896,566Total Equity4,757,8974,739,5764,165,3593,795,4133,199,71720142013201220112010Total Common Shares Outstanding311,204.93311,045.08301,389.18297,960.72298,652.99Cash Flow Statement20142013201220112010Cash from Operating Activities871,602912,345814,542900,529991,175Capital Expenditures (Ignore the negative sign)177,913123,074132,176122,996111,557FundamentalsKey Ratio [10 Year Summary]Avg P/EBook Value/ Share20142.7915.2920132.9715.2420122.6813.8220113.0212.7420103.3410.7120091.4920082.2920072.520061.7420051.81
Value IndicatorsValue Indicators Worksheet1ROIC - ROIC > 12% since most businesses lends between 8% and 12%Year20142013201220112010Net Income629,320.0673,487.0651,236.0867,394.0712,084.0Interest34,784.0027,102.0026,422.0019,146.0010,429.00Long-Term Debt872,789.00872,241.00807,098.00871,876.00400,635.00Total Equity4,757,897.04,739,576.04,165,359.03,795,413.03,199,717.0Invested Capital5,630,686.05,611,817.04,972,457.04,667,289.03,600,352.0ROIC0.120.120.140.190.202Equity Growth Rates:Year20142013201220112010BVPS15.2915.2413.8212.7410.714-year Growth rate3-year Growth rate2-year Growth rate1-year Growth rate0.090.060.050.003EPS Growth Rates:Year20142013201220112010EPS1.982.142.132.812.334-year Growth rate3-year Growth rate2-year Growth rate1-year Growth rate-0.04-0.11-0.04-0.074Sales Growth RatesYear20142013201220112010Sales (Revenue)2,864,773.002,633,689.002,701,142.002,993,320.002,761,503.00Sales Growth Rate.
The document discusses various capital budgeting techniques used to evaluate investment projects, including estimating cash flows, net present value (NPV), internal rate of return (IRR), and profitability index (PI). It addresses calculating these metrics, their decision rules, and limitations. Specifically, it explains that NPV is calculated by discounting after-tax cash flows and subtracting the initial cost, while IRR is the discount rate that sets NPV equal to zero. The document also notes situations where multiple IRRs may exist.
The document analyzes various financial ratios for Scientex Berhad for 2012 and 2011. It finds that the company's liquidity ratios decreased slightly from 2011 to 2012, indicating weaker short-term financial health. Efficiency ratios also decreased slightly, suggesting the company was turning over inventory and collecting debts slightly slower. Debt ratios increased marginally from 2011 to 2012, demonstrating a small increase in leverage. Profitability ratios remained mostly stable, with operating and net profit margins rising slightly from 2011 to 2012. In conclusion, the company's financial performance was stable but showed some minor weaknesses in liquidity and efficiency from 2011 to 2012.
This document analyzes the financial performance of Novartis India from 2009-2011. Some key highlights:
- Novartis India has been operating in India since 1947 and has a presence in pharmaceuticals, generics, vaccines, OTC products, eye care and animal health.
- Ratios like current ratio, quick ratio, and debt-equity ratio show the company has good liquidity and lower risk.
- Gross profit margin, net profit, return on capital employed, and earnings per share have all increased from 2009-2011, indicating higher profitability.
- Shareholder funds and reserves & surplus have increased each year, showing growth and a strong financial position.
1) The document analyzes stock performance of HDFC Bank over several years through various financial ratios such as current ratio, operating ratio, return on capital employed, earnings per share, and dividends per share.
2) Interviews with stock analysts suggest that HDFC Bank remains one of the better stocks to hold given its strong earnings growth and performance relative to other banks. Analysts believe the stock has potential to exceed all-time highs and outperform the broader banking sector.
3) HDFC Bank's current ratio, returns, and profits have largely remained steady or increased over the past few years according to the ratio analysis, suggesting sound financial health and efficient operations.
The document discusses various capital budgeting decision criteria for evaluating investment projects, including payback period, discounted payback period, net present value (NPV), profitability index (PI), and internal rate of return (IRR). It provides examples of how to calculate each metric and the decision rules for accepting or rejecting projects based on the criteria. For a sample problem, it calculates the project's IRR as 34.37%, NPV at a 15% discount rate as $510.52, and PI as 1.57 by taking the NPV and dividing it by the initial investment outlay.
This document discusses various methods for valuing a start-up business, including discounted cash flow analysis. It begins by introducing the discounted cash flow method as the most accurate way to calculate a business's value but notes it requires many assumptions about future cash flows, growth rates, and discount rates. The document then provides an example discounted cash flow valuation for a sample start-up, including forecasts for sales, expenses, cash flows, and terminal value calculations. It concludes by noting the DCF requires evaluating demand, market size, industry attractiveness and other factors to properly assess the business opportunity.
Analysis of financial statements@ bec domsBabasab Patil
The document analyzes the financial statements of Computron for 2010 and 2011 using ratio analysis. Key ratios such as liquidity, asset management, debt management, and profitability are calculated and compared to industry averages. Most ratios have improved from 2010 to projected 2011 levels but are still below industry averages, indicating room for further improvement in areas such as inventory turnover, days sales outstanding, and return on assets. Debt levels have been reduced through recapitalization but lease payments still negatively impact coverage ratios.
The document discusses various capital budgeting techniques used to evaluate investment projects, including estimating cash flows, net present value (NPV), internal rate of return (IRR), and profitability index (PI). It addresses calculating these metrics, their decision rules, and limitations. Specifically, it explains that NPV is calculated by discounting after-tax cash flows and subtracting the initial cost, while IRR is the discount rate that sets NPV equal to zero. The document also notes situations where multiple IRRs may exist.
The document analyzes various financial ratios for Scientex Berhad for 2012 and 2011. It finds that the company's liquidity ratios decreased slightly from 2011 to 2012, indicating weaker short-term financial health. Efficiency ratios also decreased slightly, suggesting the company was turning over inventory and collecting debts slightly slower. Debt ratios increased marginally from 2011 to 2012, demonstrating a small increase in leverage. Profitability ratios remained mostly stable, with operating and net profit margins rising slightly from 2011 to 2012. In conclusion, the company's financial performance was stable but showed some minor weaknesses in liquidity and efficiency from 2011 to 2012.
This document analyzes the financial performance of Novartis India from 2009-2011. Some key highlights:
- Novartis India has been operating in India since 1947 and has a presence in pharmaceuticals, generics, vaccines, OTC products, eye care and animal health.
- Ratios like current ratio, quick ratio, and debt-equity ratio show the company has good liquidity and lower risk.
- Gross profit margin, net profit, return on capital employed, and earnings per share have all increased from 2009-2011, indicating higher profitability.
- Shareholder funds and reserves & surplus have increased each year, showing growth and a strong financial position.
1) The document analyzes stock performance of HDFC Bank over several years through various financial ratios such as current ratio, operating ratio, return on capital employed, earnings per share, and dividends per share.
2) Interviews with stock analysts suggest that HDFC Bank remains one of the better stocks to hold given its strong earnings growth and performance relative to other banks. Analysts believe the stock has potential to exceed all-time highs and outperform the broader banking sector.
3) HDFC Bank's current ratio, returns, and profits have largely remained steady or increased over the past few years according to the ratio analysis, suggesting sound financial health and efficient operations.
The document discusses various capital budgeting decision criteria for evaluating investment projects, including payback period, discounted payback period, net present value (NPV), profitability index (PI), and internal rate of return (IRR). It provides examples of how to calculate each metric and the decision rules for accepting or rejecting projects based on the criteria. For a sample problem, it calculates the project's IRR as 34.37%, NPV at a 15% discount rate as $510.52, and PI as 1.57 by taking the NPV and dividing it by the initial investment outlay.
This document discusses various methods for valuing a start-up business, including discounted cash flow analysis. It begins by introducing the discounted cash flow method as the most accurate way to calculate a business's value but notes it requires many assumptions about future cash flows, growth rates, and discount rates. The document then provides an example discounted cash flow valuation for a sample start-up, including forecasts for sales, expenses, cash flows, and terminal value calculations. It concludes by noting the DCF requires evaluating demand, market size, industry attractiveness and other factors to properly assess the business opportunity.
Analysis of financial statements@ bec domsBabasab Patil
The document analyzes the financial statements of Computron for 2010 and 2011 using ratio analysis. Key ratios such as liquidity, asset management, debt management, and profitability are calculated and compared to industry averages. Most ratios have improved from 2010 to projected 2011 levels but are still below industry averages, indicating room for further improvement in areas such as inventory turnover, days sales outstanding, and return on assets. Debt levels have been reduced through recapitalization but lease payments still negatively impact coverage ratios.
The document discusses capital budgeting and net present value (NPV) analysis. It provides an example calculation of NPV for an investment project with an initial cash outlay of $100,000, annual cash inflows of $200,000, annual cash outflows of $150,000 over 3 years, and a cost of capital of 10%. The NPV is calculated as $24,340, indicating the project should be accepted. It then analyzes the tolerate levels for changes in the cash outlay, project life, cash flows, and discount rate while still achieving a positive NPV.
1
CHAPTER 3
Analysis of Financial Statements
2
Topics in Chapter
Ratio analysis
Du Pont system
Effects of improving ratios
Limitations of ratio analysis
Qualitative factors
3
Value = + + +
FCF1
FCF2
FCF∞
(1 + WACC)1
(1 + WACC)∞
(1 + WACC)2
Free cash flow
(FCF)
Market interest rates
Firm’s business risk
Market risk aversion
Firm’s debt/equity mix
Cost of debt
Cost of equity
Weighted average
cost of capital
(WACC)
Net operating
profit after taxes
Required investments
in operating capital
−
=
Determinants of Intrinsic Value:
Using Ratio Analysis
...
For value box in Ch 3 ratios FM13.
4
Overview
Ratios facilitate comparison of:
One company over time
One company versus other companies
Ratios are used by:
Lenders to determine creditworthiness
Stockholders to estimate future cash flows and risk
Managers to identify areas of weakness and strength
5
Income Statement20102011ESales$5,834,400 $7,035,600COGS4,980,000 5,800,000Other expenses720,000 612,960Deprec.116,960 120,000 Tot. op. costs5,816,960 6,532,960 EBIT17,440 502,640Int. expense176,000 80,000 EBT(158,560)422,640Taxes (40%)(63,424)169,056Net income($ 95,136)$ 253,584
6
Balance Sheets: Assets20102011ECash$ 7,282 $ 14,000S-T invest.20,000 71,632AR632,160 878,000Inventories1,287,360 1,716,480 Total CA1,946,802 2,680,112 Net FA939,790 836,840Total assets$2,886,592 $3,516,952
7
Balance Sheets: Liabilities & Equity20102011EAccts. payable$ 324,000 $ 359,800Notes payable720,000 300,000Accruals284,960 380,000 Total CL1,328,960 1,039,800Long-term debt1,000,000 500,000Common stock460,000 1,680,936Ret. earnings97,632 296,216 Total equity557,632 1,977,152Total L&E$2,886,592 $3,516,952
8
Other Data20102011EStock price$6.00$12.17# of shares100,000 250,000EPS-$0.95$1.01DPS$0.11$0.22Book val. per sh.$5.58$7.91Lease payments$40,000$40,000Tax rate0.40.4
9
Liquidity Ratios
Can the company meet its short-term obligations using the resources it currently has on hand?
10
Forecasted Current and Quick Ratios for 2011.
CR10 = = = 2.58.
QR10 =
= = 0.93.
CA
CL
$2,680
$1,040
$2,680 - $1,716
$1,040
CA - Inv.
CL
11
Comments on CR and QR2011E20102009Ind.CR2.581.462.32.7QR0.930.50.81.0
Expected to improve but still below the industry average.
Liquidity position is weak.
12
Asset Management Ratios
How efficiently does the firm use its assets?
How much does the firm have tied up in assets for each dollar of sales?
13
Inventory Turnover Ratio vs. Industry Average
Inv. turnover =
= = 4.10.
Sales
Inventories
$7,036
$1,716
2011E 2010 2009 Ind.
Inv. T. 4.1 4.5 4.8 6.1
14
Comments on Inventory Turnover
Inventory turnover is below industry average.
Firm might have old inventory, or its control might be poor.
No improvement is currently forecasted.
.
There are five common frameworks for company valuation:
1. Enterprise discounted cash flow values free cash flows discounted by the weighted average cost of capital.
2. Discounted economic profit values economic profit discounted by the weighted average cost of capital.
3. Adjusted present value highlights changing capital structure more easily than WACC models.
4. Capital cash flow compresses free cash flow and interest tax shield, making performance comparison difficult.
5. Equity cash flow values cash flows to equity discounted by the cost of equity but is difficult to implement correctly.
Financial Ratio Analysis of Abbott Laboratories (JINCEY JOSE & SHRADDHA BHATT)JinceyJose
The document provides a financial ratio analysis of Abbott Laboratories for the years 2011-2013. It includes a balance sheet, calculation of key financial ratios like current ratio, quick ratio, gross profit ratio, net profit ratio, and operating profit ratio. The ratios are also compared to industry averages. Overall, the ratios indicate Abbott Laboratories' liquidity and profitability were generally satisfactory and improved from 2011-2012 but declined in 2013.
devry fin 515 week 4 midterm,devry fin 515 week 4 problem set,devry fin 515 week 4,devry fin 515 week 4,devry fin 515,devry fin 515 week 4 tutorial,devry fin 515 week 4 assignment,devry fin 515 week 4 help
The document discusses several capital budgeting techniques for evaluating investments with unequal lives, including the equivalent annual cost method. It explains that this method allows comparison of projects with different lifetimes by calculating the constant annual cost of each option over their full lifetimes, so that the alternatives become comparable on an annual basis. The method involves repeating short-term projects to create a continuous chain that matches the longest-lived option, then computing the net present value of the chain to evaluate which has the lowest equivalent annual cost.
The document discusses several methods for evaluating capital investment decisions, including incremental cash flows, inflation adjustments, and investments with unequal lives. It provides an example of evaluating a bowling ball machine investment over 5 years using cash flows, depreciation, and net income. For investments with unequal lives, it recommends using the equivalent annual cost method to convert costs to equal annual amounts to facilitate comparison.
devry fin 515 week 4 midterm,devry fin 515 week 4 problem set,devry fin 515 week 4,devry fin 515 week 4,devry fin 515,devry fin 515 week 4 tutorial,devry fin 515 week 4 assignment,devry fin 515 week 4 help
Any incorporated company at the end of the financial year is required to prepare financial statements showing the assets & liabilities, profit or loss for the period, a cash flow statement &get it audited. the audited statements along with the auditor's report & directors report with all schedules is to be submitted to the ROC, shareholders at the annual general meeting, banks, financial institutions, all stakeholders.etc
These statements form the basis of ANALYSIS, WHICH CAN BE (A) VERTICAL ANALYSIS ( B)HORIZONTAL ANALYSIS (C )COMPARITIVE STATEMENTS (D)COST ANALYSIS (E)CASH FLOW ANALYSIS AND SO ON 'The main feature of these analyses will be explained with illustrative examples
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Fixed Capital Evaluation To Improve Business Growth Powerpoint Presentation S...SlideTeam
This document discusses evaluating fixed capital requirements to improve business growth. It includes an agenda covering assessing fixed capital performance, understanding needs for land, buildings, and machinery, and evaluating expansion and replacement needs. Techniques to be considered include net present value, internal rate of return, payback period. The implementation plan involves inventorying assets, assessing conditions, establishing maintenance plans, identifying failure impacts, and developing optimization and funding strategies. Software can help manage assets, reduce downtime, and provide project snapshots and depreciation methods. Dashboards can track asset values across categories.
CH-10 (Q4)FIN550 Week 5 Homework Andrea Bryant 20102014Operating .docxcravennichole326
This document provides quarterly earnings estimates and actual reported earnings per share for the S&P 500 index from Q4 2014 through Q1 2012. It compares bottom-up analyst estimates to top-down model estimates over time. The document notes that bottom-up and top-down estimates have been diverging more recently, with something to watch. It also provides sector-level breakdowns of earnings beats, misses and meets for Q3 2013 reported earnings.
Capital budgeting techniques are used to evaluate long-term investment projects. The ideal evaluation method considers all cash flows over the life of the project, the time value of money, and the required rate of return. Common techniques include payback period, net present value (NPV), profitability index (PI), and internal rate of return (IRR). NPV calculates the present value of all cash flows less the initial investment, and a project is accepted if NPV is positive. IRR is the discount rate that makes the net present value equal to zero.
1. (TCO A) Below you will find selected information (in millions) .docxhyacinthshackley2629
1. (TCO A) Below you will find selected information (in millions) from Coca-Cola Co.’s 2012 Annual Report.
Income Taxes Payable
$471
Short-term Investments and Marketable Securities
8,109
Cash
8,442
Other non-current Liabilities
10,449
Common Stock
1,760
Receivables
4,812
Other Current Assets
2,973
Long-term Investments
10,448
Other Non-current Assets
3,585
Property, Plant and Equipment
23,486
Trademarks
6,527
Other Intangible Assets
20,810
Allowance for Doubtful Accounts
53
Accumulated Depreciation
9,010
Accounts Payable
8,680
Short Term Notes Payable
17,874
Prepaid Expenses
2,781
Other Current Liabilities
796
Long-Term Liabilities
14,736
Paid-in-Capital in Excess of Par Value
11,379
Retained Earnings
55,038
Inventories
3,264
Treasury Stock
35,009
Other information taken from the Annual Report.
Sales Revenue for 2012
$48,017
Cost of Goods Sold for 2012
19,053
Net Income for 2012
9,019
Inventory Balance on 12/31/11
3,092
Net Accounts Receivable Balance on 12/31/11
4,920
Total Assets on 12/31/11
79,974
Equity Balance on 12/31/11
31,921
Required: 1: Using the information provided prepare a Balance Sheet. Separate the current assets from non-current assets and provide a total for each. Also, separate the current liabilities from the non-current liabilities and provide a total for each.
2: Using the Balance Sheet from your answer above, calculate the Current Ratio and Return on common stockholders’ equity. (Points : 36)
Question 2.2. (TCO B) The following selected data was retrieved from the Walmart, Inc. financial statements for the year ending January 31, 2013.
Accounts Payable
$38,080
Accounts Receivable
6,768
Cash
7,781
Common Stock
3,952
Cost of Goods Sold
352,488
Income Tax Expense
7,981
Interest Expense
2,064
Membership Revenues
3,048
Net Sales
466,114
Operating, Selling and Administrative Expenses
88,873
Retained Earnings
72,978
Required: 1: Using the information provided above, prepare a multiple-step income statement.
2: Calculate the Profit Margin, and Gross profit rate for the company. Be sure to provide the formula you are using, show your calculations, and discuss your findings and results.(Points : 36)
Question 3.3. 45. (TCO C) Please review the following real-world Hewlett Packard Statement of Cash flows and address the two questions below.
Cash flow from operating activities
In millions
In millions
For the year ended 2012
For the year ended 2011
Net (loss) earnings
$(12,650)
$7,074
Depreciation and amortization
5,095
4,984
Impairment of goodwill and purchased intangible assets
18,035
885
Stock-based compensation expense
635
685
Provision for doubtful accounts
142
81
Provision for inventory
277
217
Restructuring charges
2,266
645
Deferred taxes on earnings
(711)
166
Excess tax benefit from stock-based competition
(12)
(163)
Other, net
265
(46)
Accounts and financing receivables
1,269
(227)
Inventory
890
(1,252)
Accounts payable
(1,414)
275
Taxes on earnings
(320)
610
Restructuring
(840)
(1,002)
Other asse.
This document discusses various capital budgeting decision criteria for evaluating investment projects, including payback period, net present value (NPV), profitability index (PI), and internal rate of return (IRR). It provides examples of calculating NPV using the payback period, discounted payback period, NPV, and IRR. The key criteria examined are whether projects will be profitable, earn a high return on investment, and incorporate all cash flows, time value of money, and required rate of return. Firms aim to only accept projects with positive NPV, PI above 1, or IRR above the required rate.
This document discusses techniques for discounted cash flow analysis including net present value (NPV), internal rate of return (IRR), and time value of money. It provides examples of calculating NPV and IRR for projects and investment decisions. It also compares the advantages and disadvantages of NPV and IRR as metrics for investment evaluation.
The document discusses various topics related to investment decisions and capital budgeting. It defines capital expenditures and discusses factors like cost of acquisition, addition/expansion costs, and R&D costs. It also summarizes various capital budgeting techniques like payback period, accounting rate of return, net present value, internal rate of return, and profitability index. Key evaluation criteria for investment decisions include NPV, IRR, and reconsider assumptions. The document also highlights potential conflicts between NPV and IRR methods.
This document provides a financial ratio analysis of Abbott Laboratories for the years 2011-2013. It includes calculations and interpretations of key liquidity ratios (current ratio and quick ratio), profitability ratios (gross profit ratio, net profit ratio, operating profit ratio), and inventory turnover ratio. The ratios are also compared to industry averages. Overall, the analysis finds that Abbott's liquidity and profitability ratios were generally satisfactory and in line with industry averages, though some saw declines from 2012 to 2013.
For this Portfolio Project, you will write a paper about John A.docxevonnehoggarth79783
For this Portfolio Project, you will write a paper about "John Adams" as well as any event in U.S. history that is relevant to your major area of study or of interest to you. You will write about John Adams from the perspective of another historical personality who lived at the same time as the person or event you are going to describe.
For your historical personality, try to select someone from an under-represented population (examples of possible perspectives include that of Anne Hutchinson, Pocahontas, or Sojourner Truth). This analysis is to make you think about how events/people’s actions were interpreted at the time.
Key Points::
Remember that you will be writing from the perspective of a historical person about another person or an event from a period of U.S. history up to Reconstruction. From your historical person’s perspective, provide a thorough summary of the person or event you’ve chosen to write about, including the incidents that took place and any key individuals involved or affected.
Address the general importance of the person or event in the context of U.S. history.
Now, explain specifically how the person or event changed “your” daily life—“you” being the historical persona you have adopted.
Think long-term: How will the person or the event you are describing make a long-term impact in the lives of people who are in the under-represented group to which your historical person/perspective belongs?
Paper Requirements:
Your paper must be four to six pages, not including the required references and title pages.
Use at least five sources, not including the textbook. Include a scholarly journal article. Include at least one
primary
source from those identified in the syllabus.
Definition of a Primary Source
: A primary source is any source, document or artifact that was created at the time of the event. It was usually created by someone who witnessed the event, lived during or even shortly afterwards, or somehow would have first-hand knowledge of that event. A secondary source, by contrast, is written by a historian or someone writing about the event after it happened.
Have an introduction and strong thesis statement. Make use of support and examples supporting your thesis
Finish with a forceful conclusion reiterating your main idea.
Format your paper according to the
CSU-Global Guide to Writing and APA Requirements
(Links to an external site.)
.
.
For this portfolio assignment, you are required to research and anal.docxevonnehoggarth79783
For this portfolio assignment, you are required to research and analyze a TV program that ran between 1955 and 1965.
To successfully complete this essay, you will need to answer the following questions:
What is the background of this show? Explain what years it was on TV, describe the channel it aired on, the main characters, setting, etc..
What social issues and historical events were taking place at the time the show was being broadcast?
Did these issues affect the television show in any way?
Did the television show make an impact on popular culture?
Your thesis for the essay should attempt to answer this question:
Explain the cultural relevance of the show, given the information gathered from the show's background, and cultural history. How can television act as a reflection of the social, political, and cultural current events?
.
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Similar to 5-Minute QuickScan5 Minute QuickScanDateBasic Quality StandardsQu.docx
The document discusses capital budgeting and net present value (NPV) analysis. It provides an example calculation of NPV for an investment project with an initial cash outlay of $100,000, annual cash inflows of $200,000, annual cash outflows of $150,000 over 3 years, and a cost of capital of 10%. The NPV is calculated as $24,340, indicating the project should be accepted. It then analyzes the tolerate levels for changes in the cash outlay, project life, cash flows, and discount rate while still achieving a positive NPV.
1
CHAPTER 3
Analysis of Financial Statements
2
Topics in Chapter
Ratio analysis
Du Pont system
Effects of improving ratios
Limitations of ratio analysis
Qualitative factors
3
Value = + + +
FCF1
FCF2
FCF∞
(1 + WACC)1
(1 + WACC)∞
(1 + WACC)2
Free cash flow
(FCF)
Market interest rates
Firm’s business risk
Market risk aversion
Firm’s debt/equity mix
Cost of debt
Cost of equity
Weighted average
cost of capital
(WACC)
Net operating
profit after taxes
Required investments
in operating capital
−
=
Determinants of Intrinsic Value:
Using Ratio Analysis
...
For value box in Ch 3 ratios FM13.
4
Overview
Ratios facilitate comparison of:
One company over time
One company versus other companies
Ratios are used by:
Lenders to determine creditworthiness
Stockholders to estimate future cash flows and risk
Managers to identify areas of weakness and strength
5
Income Statement20102011ESales$5,834,400 $7,035,600COGS4,980,000 5,800,000Other expenses720,000 612,960Deprec.116,960 120,000 Tot. op. costs5,816,960 6,532,960 EBIT17,440 502,640Int. expense176,000 80,000 EBT(158,560)422,640Taxes (40%)(63,424)169,056Net income($ 95,136)$ 253,584
6
Balance Sheets: Assets20102011ECash$ 7,282 $ 14,000S-T invest.20,000 71,632AR632,160 878,000Inventories1,287,360 1,716,480 Total CA1,946,802 2,680,112 Net FA939,790 836,840Total assets$2,886,592 $3,516,952
7
Balance Sheets: Liabilities & Equity20102011EAccts. payable$ 324,000 $ 359,800Notes payable720,000 300,000Accruals284,960 380,000 Total CL1,328,960 1,039,800Long-term debt1,000,000 500,000Common stock460,000 1,680,936Ret. earnings97,632 296,216 Total equity557,632 1,977,152Total L&E$2,886,592 $3,516,952
8
Other Data20102011EStock price$6.00$12.17# of shares100,000 250,000EPS-$0.95$1.01DPS$0.11$0.22Book val. per sh.$5.58$7.91Lease payments$40,000$40,000Tax rate0.40.4
9
Liquidity Ratios
Can the company meet its short-term obligations using the resources it currently has on hand?
10
Forecasted Current and Quick Ratios for 2011.
CR10 = = = 2.58.
QR10 =
= = 0.93.
CA
CL
$2,680
$1,040
$2,680 - $1,716
$1,040
CA - Inv.
CL
11
Comments on CR and QR2011E20102009Ind.CR2.581.462.32.7QR0.930.50.81.0
Expected to improve but still below the industry average.
Liquidity position is weak.
12
Asset Management Ratios
How efficiently does the firm use its assets?
How much does the firm have tied up in assets for each dollar of sales?
13
Inventory Turnover Ratio vs. Industry Average
Inv. turnover =
= = 4.10.
Sales
Inventories
$7,036
$1,716
2011E 2010 2009 Ind.
Inv. T. 4.1 4.5 4.8 6.1
14
Comments on Inventory Turnover
Inventory turnover is below industry average.
Firm might have old inventory, or its control might be poor.
No improvement is currently forecasted.
.
There are five common frameworks for company valuation:
1. Enterprise discounted cash flow values free cash flows discounted by the weighted average cost of capital.
2. Discounted economic profit values economic profit discounted by the weighted average cost of capital.
3. Adjusted present value highlights changing capital structure more easily than WACC models.
4. Capital cash flow compresses free cash flow and interest tax shield, making performance comparison difficult.
5. Equity cash flow values cash flows to equity discounted by the cost of equity but is difficult to implement correctly.
Financial Ratio Analysis of Abbott Laboratories (JINCEY JOSE & SHRADDHA BHATT)JinceyJose
The document provides a financial ratio analysis of Abbott Laboratories for the years 2011-2013. It includes a balance sheet, calculation of key financial ratios like current ratio, quick ratio, gross profit ratio, net profit ratio, and operating profit ratio. The ratios are also compared to industry averages. Overall, the ratios indicate Abbott Laboratories' liquidity and profitability were generally satisfactory and improved from 2011-2012 but declined in 2013.
devry fin 515 week 4 midterm,devry fin 515 week 4 problem set,devry fin 515 week 4,devry fin 515 week 4,devry fin 515,devry fin 515 week 4 tutorial,devry fin 515 week 4 assignment,devry fin 515 week 4 help
The document discusses several capital budgeting techniques for evaluating investments with unequal lives, including the equivalent annual cost method. It explains that this method allows comparison of projects with different lifetimes by calculating the constant annual cost of each option over their full lifetimes, so that the alternatives become comparable on an annual basis. The method involves repeating short-term projects to create a continuous chain that matches the longest-lived option, then computing the net present value of the chain to evaluate which has the lowest equivalent annual cost.
The document discusses several methods for evaluating capital investment decisions, including incremental cash flows, inflation adjustments, and investments with unequal lives. It provides an example of evaluating a bowling ball machine investment over 5 years using cash flows, depreciation, and net income. For investments with unequal lives, it recommends using the equivalent annual cost method to convert costs to equal annual amounts to facilitate comparison.
devry fin 515 week 4 midterm,devry fin 515 week 4 problem set,devry fin 515 week 4,devry fin 515 week 4,devry fin 515,devry fin 515 week 4 tutorial,devry fin 515 week 4 assignment,devry fin 515 week 4 help
Any incorporated company at the end of the financial year is required to prepare financial statements showing the assets & liabilities, profit or loss for the period, a cash flow statement &get it audited. the audited statements along with the auditor's report & directors report with all schedules is to be submitted to the ROC, shareholders at the annual general meeting, banks, financial institutions, all stakeholders.etc
These statements form the basis of ANALYSIS, WHICH CAN BE (A) VERTICAL ANALYSIS ( B)HORIZONTAL ANALYSIS (C )COMPARITIVE STATEMENTS (D)COST ANALYSIS (E)CASH FLOW ANALYSIS AND SO ON 'The main feature of these analyses will be explained with illustrative examples
devry fin 515 week 4 midterm,devry fin 515 week 4 problem set,devry fin 515 week 4,devry fin 515 week 4,devry fin 515,devry fin 515 week 4 tutorial,devry fin 515 week 4 assignment,devry fin 515 week 4 help
Fixed Capital Evaluation To Improve Business Growth Powerpoint Presentation S...SlideTeam
This document discusses evaluating fixed capital requirements to improve business growth. It includes an agenda covering assessing fixed capital performance, understanding needs for land, buildings, and machinery, and evaluating expansion and replacement needs. Techniques to be considered include net present value, internal rate of return, payback period. The implementation plan involves inventorying assets, assessing conditions, establishing maintenance plans, identifying failure impacts, and developing optimization and funding strategies. Software can help manage assets, reduce downtime, and provide project snapshots and depreciation methods. Dashboards can track asset values across categories.
CH-10 (Q4)FIN550 Week 5 Homework Andrea Bryant 20102014Operating .docxcravennichole326
This document provides quarterly earnings estimates and actual reported earnings per share for the S&P 500 index from Q4 2014 through Q1 2012. It compares bottom-up analyst estimates to top-down model estimates over time. The document notes that bottom-up and top-down estimates have been diverging more recently, with something to watch. It also provides sector-level breakdowns of earnings beats, misses and meets for Q3 2013 reported earnings.
Capital budgeting techniques are used to evaluate long-term investment projects. The ideal evaluation method considers all cash flows over the life of the project, the time value of money, and the required rate of return. Common techniques include payback period, net present value (NPV), profitability index (PI), and internal rate of return (IRR). NPV calculates the present value of all cash flows less the initial investment, and a project is accepted if NPV is positive. IRR is the discount rate that makes the net present value equal to zero.
1. (TCO A) Below you will find selected information (in millions) .docxhyacinthshackley2629
1. (TCO A) Below you will find selected information (in millions) from Coca-Cola Co.’s 2012 Annual Report.
Income Taxes Payable
$471
Short-term Investments and Marketable Securities
8,109
Cash
8,442
Other non-current Liabilities
10,449
Common Stock
1,760
Receivables
4,812
Other Current Assets
2,973
Long-term Investments
10,448
Other Non-current Assets
3,585
Property, Plant and Equipment
23,486
Trademarks
6,527
Other Intangible Assets
20,810
Allowance for Doubtful Accounts
53
Accumulated Depreciation
9,010
Accounts Payable
8,680
Short Term Notes Payable
17,874
Prepaid Expenses
2,781
Other Current Liabilities
796
Long-Term Liabilities
14,736
Paid-in-Capital in Excess of Par Value
11,379
Retained Earnings
55,038
Inventories
3,264
Treasury Stock
35,009
Other information taken from the Annual Report.
Sales Revenue for 2012
$48,017
Cost of Goods Sold for 2012
19,053
Net Income for 2012
9,019
Inventory Balance on 12/31/11
3,092
Net Accounts Receivable Balance on 12/31/11
4,920
Total Assets on 12/31/11
79,974
Equity Balance on 12/31/11
31,921
Required: 1: Using the information provided prepare a Balance Sheet. Separate the current assets from non-current assets and provide a total for each. Also, separate the current liabilities from the non-current liabilities and provide a total for each.
2: Using the Balance Sheet from your answer above, calculate the Current Ratio and Return on common stockholders’ equity. (Points : 36)
Question 2.2. (TCO B) The following selected data was retrieved from the Walmart, Inc. financial statements for the year ending January 31, 2013.
Accounts Payable
$38,080
Accounts Receivable
6,768
Cash
7,781
Common Stock
3,952
Cost of Goods Sold
352,488
Income Tax Expense
7,981
Interest Expense
2,064
Membership Revenues
3,048
Net Sales
466,114
Operating, Selling and Administrative Expenses
88,873
Retained Earnings
72,978
Required: 1: Using the information provided above, prepare a multiple-step income statement.
2: Calculate the Profit Margin, and Gross profit rate for the company. Be sure to provide the formula you are using, show your calculations, and discuss your findings and results.(Points : 36)
Question 3.3. 45. (TCO C) Please review the following real-world Hewlett Packard Statement of Cash flows and address the two questions below.
Cash flow from operating activities
In millions
In millions
For the year ended 2012
For the year ended 2011
Net (loss) earnings
$(12,650)
$7,074
Depreciation and amortization
5,095
4,984
Impairment of goodwill and purchased intangible assets
18,035
885
Stock-based compensation expense
635
685
Provision for doubtful accounts
142
81
Provision for inventory
277
217
Restructuring charges
2,266
645
Deferred taxes on earnings
(711)
166
Excess tax benefit from stock-based competition
(12)
(163)
Other, net
265
(46)
Accounts and financing receivables
1,269
(227)
Inventory
890
(1,252)
Accounts payable
(1,414)
275
Taxes on earnings
(320)
610
Restructuring
(840)
(1,002)
Other asse.
This document discusses various capital budgeting decision criteria for evaluating investment projects, including payback period, net present value (NPV), profitability index (PI), and internal rate of return (IRR). It provides examples of calculating NPV using the payback period, discounted payback period, NPV, and IRR. The key criteria examined are whether projects will be profitable, earn a high return on investment, and incorporate all cash flows, time value of money, and required rate of return. Firms aim to only accept projects with positive NPV, PI above 1, or IRR above the required rate.
This document discusses techniques for discounted cash flow analysis including net present value (NPV), internal rate of return (IRR), and time value of money. It provides examples of calculating NPV and IRR for projects and investment decisions. It also compares the advantages and disadvantages of NPV and IRR as metrics for investment evaluation.
The document discusses various topics related to investment decisions and capital budgeting. It defines capital expenditures and discusses factors like cost of acquisition, addition/expansion costs, and R&D costs. It also summarizes various capital budgeting techniques like payback period, accounting rate of return, net present value, internal rate of return, and profitability index. Key evaluation criteria for investment decisions include NPV, IRR, and reconsider assumptions. The document also highlights potential conflicts between NPV and IRR methods.
This document provides a financial ratio analysis of Abbott Laboratories for the years 2011-2013. It includes calculations and interpretations of key liquidity ratios (current ratio and quick ratio), profitability ratios (gross profit ratio, net profit ratio, operating profit ratio), and inventory turnover ratio. The ratios are also compared to industry averages. Overall, the analysis finds that Abbott's liquidity and profitability ratios were generally satisfactory and in line with industry averages, though some saw declines from 2012 to 2013.
For this Portfolio Project, you will write a paper about John A.docxevonnehoggarth79783
For this Portfolio Project, you will write a paper about "John Adams" as well as any event in U.S. history that is relevant to your major area of study or of interest to you. You will write about John Adams from the perspective of another historical personality who lived at the same time as the person or event you are going to describe.
For your historical personality, try to select someone from an under-represented population (examples of possible perspectives include that of Anne Hutchinson, Pocahontas, or Sojourner Truth). This analysis is to make you think about how events/people’s actions were interpreted at the time.
Key Points::
Remember that you will be writing from the perspective of a historical person about another person or an event from a period of U.S. history up to Reconstruction. From your historical person’s perspective, provide a thorough summary of the person or event you’ve chosen to write about, including the incidents that took place and any key individuals involved or affected.
Address the general importance of the person or event in the context of U.S. history.
Now, explain specifically how the person or event changed “your” daily life—“you” being the historical persona you have adopted.
Think long-term: How will the person or the event you are describing make a long-term impact in the lives of people who are in the under-represented group to which your historical person/perspective belongs?
Paper Requirements:
Your paper must be four to six pages, not including the required references and title pages.
Use at least five sources, not including the textbook. Include a scholarly journal article. Include at least one
primary
source from those identified in the syllabus.
Definition of a Primary Source
: A primary source is any source, document or artifact that was created at the time of the event. It was usually created by someone who witnessed the event, lived during or even shortly afterwards, or somehow would have first-hand knowledge of that event. A secondary source, by contrast, is written by a historian or someone writing about the event after it happened.
Have an introduction and strong thesis statement. Make use of support and examples supporting your thesis
Finish with a forceful conclusion reiterating your main idea.
Format your paper according to the
CSU-Global Guide to Writing and APA Requirements
(Links to an external site.)
.
.
For this portfolio assignment, you are required to research and anal.docxevonnehoggarth79783
For this portfolio assignment, you are required to research and analyze a TV program that ran between 1955 and 1965.
To successfully complete this essay, you will need to answer the following questions:
What is the background of this show? Explain what years it was on TV, describe the channel it aired on, the main characters, setting, etc..
What social issues and historical events were taking place at the time the show was being broadcast?
Did these issues affect the television show in any way?
Did the television show make an impact on popular culture?
Your thesis for the essay should attempt to answer this question:
Explain the cultural relevance of the show, given the information gathered from the show's background, and cultural history. How can television act as a reflection of the social, political, and cultural current events?
.
For this paper, discuss the similarities and differences of the .docxevonnehoggarth79783
For this paper, discuss the similarities and differences of the impacts of the causes of the 2008 Great Recession and the current world crisis with the CoVID-19 virus*
How did the regulations you've studied over the past few chapters and in the Financial Crisis Chapter (Chapter 12) prepare banks and other financial institutions to better weather the effects of the stay-at-home orders and other impacts of the pandemic? Are there other regulations that could be placed on the banking industry that would make sense and help them through these trying times?
*Note: I am not trying to downplay or minimize in any way the "human" impact or any other non-economic impacts of the virus; this paper is just focusing on one component of the costs, among the many different impacts (perhaps much more important impacts)
4 pages 4 resources
.
For this paper, discuss the similarities and differences of the impa.docxevonnehoggarth79783
The document asks the student to discuss the similarities and differences between the impacts of the causes of the 2008 Great Recession and the current CoVID-19 crisis. It prompts the student to consider how banking regulations studied in previous chapters prepared financial institutions for the pandemic's effects and whether additional regulations could help the banking industry weather challenging times. The document notes that the focus is solely on the economic impacts of the virus, not minimizing its human and other non-economic costs.
For this paper choose two mythological narratives that we have exami.docxevonnehoggarth79783
For this paper choose two mythological narratives that we have examined so far in this course, or that you are otherwise personally familiar with. The two myths that you choose should have one or more elements in common, possibly including (but not limited to):
Overarching story (e.g., creation, flood) or story elements (e.g., descent into the underworld, establishment of divine rulership, rapture of mortals by gods, divine disguise)
Narrative structure (e.g., repetitive patterns, discursion)
Themes (e.g., love, jealousy, mortality, revenge, mutability/transformation, limits of human power/knowledge)
Characters (e.g., tricksters)
Cultural functions (e.g., reinforcement of societal norms, explanation of origins of society, explanation of natural phenomena, incorporation in ritual practices, entertainment)
Compare and contrast the two myths you choose, taking into consideration the various elements noted above and any others you deem relevant. (In making comparisons, you do not necessarily need to apply the specifically "comparativist" approach discussed in the course as one historical strand of mythological analysis.)
While you are welcome to reference external sources, this is not a research paper and the use of secondary sources is not required or expected. If you choose to examine a myth not discussed in the course, however, please indicate the source from which you have taken this.
.
For this module, there is only one option. You are to begin to deve.docxevonnehoggarth79783
For this module, there is only one option. You are to begin to develop your diversity consciousness by
identifying a current event in the news pertaining to social inequality in terms social class, gender, or racial ethnicity.
You are to
provide the link to this news article and analyze
the report including in your discussion the following:
What social inequality is being demonstrated in this current even? Describe it
What relationship is going on between the “majority” and “minority group.” Define who is the majority and who is the minority. Describe why you have identified the group as minority and majority.
Who is being marginalized in this event? How? Why do you believe they are being marginalized?
Is any group being “blamed” in this event? Is this “blame” at the individual level or the societal level – or both?
Who has the power in this situation? What is that power?
Who has the privilege in this situation? What is that privilege?
What suggestions do you have that would assist in addressing this social inequality?
What did you learn? (How did this develop your diversity consciousness?)
need to cite using apa and needs to be at least 250 words
.
For this Major Assignment 2, you will finalize your analysis in .docxevonnehoggarth79783
For this Major Assignment 2, you will finalize your analysis in your Part 3, Results section, and finalize your presentation of results from the different data sources. Also, for this week, you will complete the Part 4, Trustworthiness and Summary section to finalize the last part of this Major Assignment 2.
To prepare for this Assignment:
· Review the social change articles found in this week’s Learning Resources.
Part 4: Trustworthiness and Summary
D. Trustworthiness—summarize across the different data sources and respond to the following:
o What themes are in common?
o What sources have different themes?
o Explain the trustworthiness of your findings, in terms of:
§ Credibility
§ Transferability
§ Dependability strategies
§ Confirmability
Summary
· Based on the results of your analyses, how would you answer the question: “What is the meaning of social change for Walden graduate students?”
· Self-Reflection—Has your own understanding of you as a positive social change agent changed? Explain your reasoning.
· Based on your review of the three articles on social change, which one is aligned with your interests regarding social change and why?
By Day 7
Submit
Parts 1, 2, 3, and 4 of your Major Assignment 2.
.
For this Final Visual Analysis Project, you will choose one website .docxevonnehoggarth79783
For this Final Visual Analysis Project, you will choose one website that you visit frequently (it must be a professional business website, not your own personal website). Feel free to use websites such as Nike, Apple, Northwestern Mutual, etc. or a website that applies to your career choices.
Once you choose your website, you will begin to consider the effects the visual elements have on the viewers and
create a thesis statement and outline using the response elements 1-5 below.
For the Thesis & Outline TEMPLATE document click
here
.
APA title page, reference page, and formatting.
Use at least four academic/scholarly sources.
Use properly cited quotes and paraphrases when necessary.
Complete, polished, and error-free cohesive sentences.
Contains an introduction, body, and conclusion.
Sensory Response –
When analyzing the viewer’s sensory response to a particular visual, it is important to consider the visual elements that attract the eyes. Close your eyes when considering a visual. When you open your eyes, what are the first visual elements that you see? When analyzing a viewer’s Sensory Response, you may consider analyzing at least two of the following effects:
Colors
Lines
Shapes
Balance
Contrast
Perceptual Response –
When analyzing a viewer’s perception of visuals, it is important to consider the audience. Consider who is or is not attracted to this type of visual communication. When analyzing a viewer’s Perceptual Response, consider at least two of the following effects:
Target audience specifics (age, profession, gender, financial status, etc.)
Cultural familiarity elements (ethnicity, religious preference, social groups, etc)
Cognitive visuals (viewer’s memories, experiences, values, beliefs, etc.)
Technical Response –
When analyzing a viewer’s response to certain visuals, we need to consider the technical visual aspects that may affect perception. Describe how visuals affect the interpretation of the intended media communication message. Address specific technological elements that impact perception. When analyzing the Technical Response, consider the Laws of Perceptual Organization (similarity, proximity, continuity, common fate, etc), and at least two of the following types of visuals:
Drop-down menus
Hover-over highlighting
Animations
Quality of visuals
Emotional Response
– When analyzing a viewer’s Emotional Response, it is important to consider the targeted audience preferences and emotional intelligence. Discuss what the viewer might want to see and what type of visual presentation will set the tone for that response. When analyzing the Emotional Response, consider the effects of at least two of the following types of visuals:
Mood setting colors
Mood setting lighting
Persuasive images
Positioning of search or purchase buttons
Social media icons and share options
Ethical Response -
When analyzing a viewer’s Ethical Response, it is important to consider the ta.
For this essay, you will select one of the sources you have found th.docxevonnehoggarth79783
For this essay, you will select one of the sources you have found through your preliminary research about your research topic (see Assignment 1.1). Which source you choose is up to you; however, it should be substantial enough that you will be able to talk about it at length, and intricate enough that it will keep you (and your reader) interested. For more info see attached document
.
For this discussion, you will address the following prompts. Keep in.docxevonnehoggarth79783
For this discussion, you will address the following prompts. Keep in mind that the article or video you’ve chosen should not be about critical thinking, but should be about someone making a statement, claim, or argument related to Povetry & Income equality. One source should demonstrate good critical thinking skills and the other source should demonstrate the lack or absence of critical thinking skills. Personal examples should not be used.
1. Explain at least five elements of critical thinking that you found in the reading material.
2.Search the Internet, media, and find an example in which good critical thinking skills are being demonstrated by the author or speaker. Summarize the content and explain why you think it demonstrates good critical thinking skills.
3.Search the Internet, media, or and find an example in which the author or speaker lacks good critical thinking skills. Summarize the content and explain why you think it demonstrates the absence of good, critical thinking skills.
Your initial post should be at least 250 words in length, which should include a thorough response to each question.
Due midnight Thursday April 22,2020
.
For this discussion, research a recent science news event that h.docxevonnehoggarth79783
For this discussion, research a recent science news event that has occurred in the last six months. The event should come from a well-known news source, such as ABC, NBC, CBS, Fox, NPR, PBS, BBC, National Geographic, The New York Times, and so on. Post a link to the news story, and in your initial post:
* Summarize your news story and its contributions to the science or STEM fields
* If your news event is overtly related to globalization, explain how this event contributes to global studies. If your news event does not directly relate to globalization, how could the science behind your event be applied to global studies?
.
For this Discussion, review the case Learning Resources and the .docxevonnehoggarth79783
For this Discussion, review the case Learning Resources and the case study excerpt presented. Reflect on the case study excerpt and consider the therapy approaches you might take to assess, diagnose, and treat the patient’s health needs.
Case: An elderly widow who just lost her spouse.
Subjective: A patient presents to your primary care office today with chief complaint of insomnia. Patient is 75 YO with PMH of DM, HTN, and MDD. Her husband of 41 years passed away 10 months ago. Since then, she states her depression has gotten worse as well as her sleep habits. The patient has no previous history of depression prior to her husband’s death. She is awake, alert, and oriented x3. Patient normally sees PCP once or twice a year. Patient denies any suicidal ideations. Patient arrived at the office today by private vehicle. Patient currently takes the following medications:
•
Metformin 500mg BID
•
Januvia 100mg daily
•
Losartan 100mg daily
•
HCTZ 25mg daily
•
Sertraline 100mg daily
Current weight: 88 kg
Current height: 64 inches
Temp: 98.6 degrees F
BP: 132/86
By Day 3 of Week 7
Post
a response to each of the following:
• List three questions you might ask the patient if she were in your office. Provide a rationale for why you might ask these questions.
• Identify people in the patient’s life you would need to speak to or get feedback from to further assess the patient’s situation. Include specific questions you might ask these people and why.
• Explain what, if any, physical exams, and diagnostic tests would be appropriate for the patient and how the results would be used.
• List a differential diagnosis for the patient. Identify the one that you think is most likely and explain why.
• List two pharmacologic agents and their dosing that would be appropriate for the patient’s antidepressant therapy based on pharmacokinetics and pharmacodynamics. From a mechanism of action perspective, provide a rationale for why you might choose one agent over the other.
• For the drug therapy you select, identify any contraindications to use or alterations in dosing that may need to be considered based on the client’s ethnicity. Discuss why the contraindication/alteration you identify exists. That is, what would be problematic with the use of this drug in individuals of other ethnicities?
• Include any “check points” (i.e., follow-up data at Week 4, 8, 12, etc.), and indicate any therapeutic changes that you might make based on possible outcomes that may happen given your treatment options chosen.
Respond to the these discussions. All questions need to be addressed.
Discussion 2 Me
Treatment of a Patient with Insomnia
The case presented this week, is that of a 75-year-old widow who just lost her spouse 10-months ago. Th patient presents with chief complaints of insomnia. Past medical history of DM, HTN, and MDD is reported. Since the passing of her husband, she states her depression has gotten worse .
For this Discussion, give an example of how an event in one part.docxevonnehoggarth79783
For this Discussion, give an example of how an event in one part of the world can cause a response elsewhere in the world:
Reviewing the aspects of your event, analyze the cause and effect of global influences through direct or indirect means.
What aspects of diversity are evident in your event?
How can understanding diversity benefit a society?
.
For this discussion, consider the role of the LPN and the RN in .docxevonnehoggarth79783
For this discussion, consider the role of the LPN and the RN in the nursing process.
How would the LPN and RN collaborate to develop the nursing plan of care to ensure the patient is achieving their goal?
What are the role expectations for the LPN and RN in the nursing process?
Pls include two references and intext citation.
.
For this discussion, after you have viewed the videos on this topi.docxevonnehoggarth79783
For this discussion, after you have viewed the videos on this topic posted in this week's assignment, please answer the questions posted with this week's discussion.
After posting your individual answers to questions, you are required to respond to 2 students answers with meaningful/thoughtful input on their comments. Your responses must be minimum of a paragraph with at least 3 sentences. Your comments to 2 students
Video #1: History of Homosexuality on Film -- https://youtu.be/SeDhMKd83r4
Video #2: The Gay Culture, According to Television -- https://youtu.be/EbdxRZJfRp4
Video #3: Top 10 Groundbreaking Moments for LGBTQ Characters on TV -- https://youtu.be/yXJAzPJFjQ8
Video #4: I'm Gay, But I'm not ... -- https://criticalmediaproject.org/im-gay-but-im-not/
Video #5: Acting Gay - One Word Cut -- https://youtu.be/a4jfiqiIy0A
LGBTQ+ Questions:
· Name some common stereotypes associated with LGBTQ community?
· What role does media play in establishing & perpetuating these stereotypes?
· Name 2 LGBTQ characters, 1 one from current show/movie; 1 from 10-15 years ago
. Are there differences in the characters?
. Have things changed? Evolved? Improved?
· Are LGBTQ characters portrayed differently than straight characters?
· Why do stories involving LGBTQ characters revolve around their sexuality or sexual orientation?
Acting Gay - One Word: What is your one-word association with the saying "Acting Gay"? Why did you choose this word?
Jarrett Kelley
LGBTQ Discussion
COLLAPSE
Top of Form
1. Some common stereotypes that coincide with the LGBTQ community are promiscuous, non-religious, flamboyant, mentally ill, high sex drives, etc.
2. The media plays a role in establishing these stereotypes because the general public is always watching these shows, reading the news, and listening to stories about different cultures and groups and media that they may not see or interact with in their lives. Therefore, media is an outlet to show these things in a easy way to gain knowledge about people without meeting people face-to-face apart of these groups when sometimes the stereotypes shown can't represent everyone in those groups.
3. Currently, in Marvel's Runaways, that ended in December, there are two lesbian superheros that share a kiss at the end of a season. Karolina, one of the characters, wants to get away from her childhood of religious upbringing and wants to pursue her own life with her superpower of glowing colors. Nico is shown with a Gothic appearance and can be seen as aggressive but down to earth as well. The War at Home was a television show on Fox and a character named Kenny, who is sixteen years old, is kicked out of his house by his parents after finding out he is gay.
a. There are some differences in the characters as Karolina is more flamboyant and colorful, compared to Nico who is goth and likes to remain strictly to business. Kenny is quiet most of the time about his life, especially about his gay crush until his p.
For this discussion choose one of the case studies listed bel.docxevonnehoggarth79783
For this "discussion" choose
one
of the case studies listed below and mention which case study number you picked. After completing your readings, you should be able to identify the psychological disorder associated to each. After choosing one case study, identify the diagnosis, symptoms in your words and treatment plan for that diagnosis. Provide
in-text citations and references in APA format
to indicate where you are getting information from regarding diagnosis and treatment options).
This is the Case Study I chose:
Martin is a 21 year-old business major at a large university. Over the past few weeks his family and friends have noticed increasingly bizarre behaviors. On many occasions they’ve overheard him whispering in an agitated voice, even though there is no one nearby. Lately, he has refused to answer or make calls on his cell phone, claiming that if he does it will activate a deadly chip that was implanted in his brain by evil aliens. His parents have tried to get him to go with them to a psychiatrist for an evaluation, but he refuses. He has accused them on several occasions of conspiring with the aliens to have him killed so they can remove his brain and put it inside one of their own. He has stopped attended classes altogether. He is now so far behind in his coursework that he will fail if something doesn’t change very soon. Although Martin occasionally has a few beers with his friends, he’s never been known to abuse alcohol or use drugs. He does, however, have an estranged aunt who has been in and out of psychiatric hospitals over the years due to erratic and bizarre behavior.
The Psychological disorder is: SCHIZOPHRENIA
I have attached the reading as well.
Please Consider the following:
APA Format
Only sources from the text
250 words or more
Please let me know if you need anything else.
.
For this assignment, you will use what youve learned about symbolic.docxevonnehoggarth79783
For this assignment, you will use what you've learned about symbolic interactionism to develop your own analysis.
Your assignment is to select a television program that you know contains social inequality or social class themes. In 3-5 pages make sure to provide the following:
Provide a brief introduction that includes the program's title, describes the type of program, and explains which social theme you are addressing
Describe and explain scenes that apply to the social theme.
Identify all observed body language, facial expressions, gestures, posture stances, modes of dress, nonverbal cues, symbols, and any other observed nonverbal forms of communication in the scenes.
Explain your interpretation of the meanings of the identified nonverbal communications and symbolism.
Summarize how these interpretations are important to the sociological understanding of your chosen social inequality or social class theme.
Suggest how your interpretation of the respective meanings might be generalized to society as a whole.
.
For this Assignment, you will research various perspectives of a mul.docxevonnehoggarth79783
For this Assignment, you will research various perspectives of a multicultural education issue and develop an advocacy plan to effectively communicate and advocate for a culturally responsive solution. During the development of your advocacy plan, synthesize and reflect on the major learning points that are applicable to leading culturally responsive social change in your context.
To prepare for this Assignment, review the issues you identified in the Equity Audit assignment.
Review Chapters 1–5 (pp. 1–64) of “An Introduction to Advocacy: Training Guide.”
Develop and submit your advocacy plan. To complete this Assignment, use the document below:
.
For this assignment, you will be studying a story from the Gospe.docxevonnehoggarth79783
Jesus visited Mary and Martha in Luke 10:38-42. The passage describes Mary sitting at Jesus' feet listening to his teaching while Martha was distracted by her household duties. Jesus affirmed Mary's choice to listen to him over working, showing the importance of prioritizing time with God over other tasks.
For this assignment, you will discuss how you see the Design Princip.docxevonnehoggarth79783
For this assignment, you will discuss how you see the Design Principles used in a 2D print. You can select a 2D print from your home, workplace, or use the CSU Art Appreciation LibGuide to find a print in an online museum. Take a photograph of the print or save an image of the print, and include it in the worksheet.In Unit II, our assignment was to describe an artwork using the Visual Elements. We can think of the Design Principles as a way that the artist organized the Visual Elements. Instead of focusing on the small parts of the artwork (like line, shape, and mass) the Design Principles look at the whole artwork and how all the elements work together. Provide a detailed description of the design principles in your 2D print, using full and complete sentences. For Design Principles, make sure you describe how the artist used the ones in Chapter 5: unity and variety, balance, emphasis, repetition and rhythm, and scale and proportion. Questions to consider are included below:
Unity: what elements work together to make a harmonious whole?
Variety: What creates diversity?
Balance: Is it symmetrical or asymmetrical?
Emphasis: What is the focal point?
Repetition and rhythm: Is an element repeated?
Scale and proportion: Are the objects in proportion to each other?
Be sure to describe exactly where in the artwork you see each Principle. You'll want to describe each artwork using the terms we learned in this unit's reading. Remember to write in complete sentences and use proper grammar.
.
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
Leveraging Generative AI to Drive Nonprofit InnovationTechSoup
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
Walmart Business+ and Spark Good for Nonprofits.pdfTechSoup
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
1. 5-Minute QuickScan5 Minute QuickScanDate:Basic Quality
StandardsQuestion 2Question 3Question 4Question 5Question
6Question 7DecisionCompany NameTicker.OB or .PK?Mkt Cap
< $500M ?Recent IPO?3 to 5 years Positive EBIT?3 to 5 years
of positive Cash Flow from Operating Activities?5 years of
ROE > 10%?5 Years of Debt to Equity Ratio < 1?Recent Price
to Book Ratio < 2?3 years of only positive net Tangible
Assets?Keep and Conitue to Analyze or Drop Company?Analog
Device INC.ADINONOYESYESYESNOYESYESKeep and
Conitue to Analyze
Data InputStock
TickerADIYear20142013201220112010QuoteCurrent
Price60.19P/E26.9Market Cap1888[in million USD]Shares
Outstanding313.67[in million]EarningsEarnings Growth
RateCompany [Next 5 Years]11.4[in decimal]FinancialsIncome
Statement20142013201220112010Total Revenue
(Sales)2,864,7732,633,6892,701,1422,993,3202,761,503Gross
Profit1,830,1881,692,4111,741,0011,986,5411,799,422Operatin
g Income752,484753,075824,0481,072,025900,074Net
Income629,320673,487651,236867,394712,084Interest Expense,
Supplemental34,78427,10226,42219,14610,429Diluted
Normalized EPS1.982.142.132.812.33Balance
Sheet20142013201220112010Total
Inventory367,927283,337313,723295,081277,478Total Current
Assets3,811,8865,472,4254,696,1854,386,3483,478,999Total
Assets6,859,6906,381,7505,620,3475,277,6354,328,831Total
Current Liabilities709,056570,512525,079525,005643,467Total
Long Term Debt872,789872,241807,098871,876400,635Total
Liabilities1,392,7371,071,662929,909957,217485,647Retained
Earnings (Accumulated
Deficit)4,231,4964,056,4013,788,8693,482,3342,896,566Total
Equity4,757,8974,739,5764,165,3593,795,4133,199,7172014201
3201220112010Total Common Shares
Outstanding311,204.93311,045.08301,389.18297,960.72298,652
2. .99Cash Flow Statement20142013201220112010Cash from
Operating
Activities871,602912,345814,542900,529991,175Capital
Expenditures (Ignore the negative
sign)177,913123,074132,176122,996111,557FundamentalsKey
Ratio [10 Year Summary]Avg P/EBook Value/
Share20142.7915.2920132.9715.2420122.6813.8220113.0212.74
20103.3410.7120091.4920082.2920072.520061.7420051.81
Value IndicatorsValue Indicators Worksheet1ROIC - ROIC >
12% since most businesses lends between 8% and
12%Year20142013201220112010Net
Income629,320.0673,487.0651,236.0867,394.0712,084.0Interest
34,784.0027,102.0026,422.0019,146.0010,429.00Long-Term
Debt872,789.00872,241.00807,098.00871,876.00400,635.00Tot
al
Equity4,757,897.04,739,576.04,165,359.03,795,413.03,199,717.
0Invested
Capital5,630,686.05,611,817.04,972,457.04,667,289.03,600,352
.0ROIC0.120.120.140.190.202Equity Growth
Rates:Year20142013201220112010BVPS15.2915.2413.8212.74
10.714-year Growth rate3-year Growth rate2-year Growth rate1-
year Growth rate0.090.060.050.003EPS Growth
Rates:Year20142013201220112010EPS1.982.142.132.812.334-
year Growth rate3-year Growth rate2-year Growth rate1-year
Growth rate-0.04-0.11-0.04-0.074Sales Growth
RatesYear20142013201220112010Sales
(Revenue)2,864,773.002,633,689.002,701,142.002,993,320.002,
761,503.00Sales Growth Rates:4-year Growth rate3-year
Growth rate2-year Growth rate1-year Growth rate0.009-
0.0150.0300.0885Operating Cash Flow (OCF) and Free Cash
Flow (FCF) growth
ratesYear20142013201220112010OCF871,602.00912,345.00814
,542.00900,529.00991,175.00CAPEX177,913.00123,074.00132,
176.00122,996.00111,557.00FCF693,689.00789,271.00682,366.
00777,533.00879,618.00OCF Growth Rates:4-year Growth
rate3-year Growth rate2-year Growth rate1-year Growth rate-
3. 0.032-0.0110.034-0.045FCF Growth Rates:4-year Growth rate3-
year Growth rate2-year Growth rate1-year Growth rate-0.058-
0.0370.008-0.1216Gross Margin (>40% is sign of durable
competitive advantage; <20% is indicator of highly competitive
industry).Year20142013201220112010Sales2864773263368927
0114229933202761503Gross
Profit1830188.001692411.001741001.001986541.001799422.00
Gross Margin0.640.640.640.660.657Operating Margin (>=
industry or sector average). (Industry: … ...%; Average of
competitors: …
…%)Year20142013201220112010Sales28647732633689270114
229933202761503Operating
Profit752,484.00753,075.00824,048.001,072,025.00900,074.00
Operating Margin0.260.290.310.360.338Net Margin (> 20% =>
competitive advantage; <10% sign of
competition)Year20142013201220112010Sales28647732633689
270114229933202761503Net
Income629320.00673487.00651236.00867394.00712084.00Net
Margin0.220.260.240.290.269Free Cash Flow Margin (>= 10%
indicator of competitive advantage; must not be <
3%).Year20142013201220112010Sales2864773.002633689.002
701142.002993320.002761503.00Free Cash
Flow693689.00789271.00682366.00777533.00879618.00FCF
Margin0.240.300.250.260.3210Short-Term Financial
Health10.1Current Ratio ≥
2Year20142013201220112010Current
Assets3,811,886.005,472,425.004,696,185.004,386,348.003,478
,999.00Current
Liabilities709,056.00570,512.00525,079.00525,005.00643,467.0
0Current Ratio5.389.598.948.355.4110.2Quick Ratio ≥
1.5Year20142013201220112010Current
Assets3,811,886.05,472,425.04,696,185.04,386,348.03,478,999.
0Inventory367,927.0283,337.0313,723.0295,081.0277,478.0Cur
rent
Liabilities709,056.0570,512.0525,079.0525,005.0643,467.0Quic
k Ratio4.869.108.357.794.9810.3Interest Coverage Ratio ≥ 5
4. minimum; but preferably ≥ 10 (except utilities ≥
2)Year20142013201220112010EBIT752,484.00753,075.00824,0
48.001,072,025.00900,074.00Interest
Expense34,784.0027,102.0026,422.0019,146.0010,429.00Interes
t Coverage21.627.831.256.086.310.4Operating Cash Flow Ratio
≥
1Year20142013201220112010OCF871,602.00912,345.00814,54
2.00900,529.00991,175.00Current
Liabilities709,056.00570,512.00525,079.00525,005.00643,467.0
0OCF Ratio1.231.601.551.721.5411Long-Term Financial
Health11.1Leverage Ratio: Debt to Total Asset Ratio ≤ 0.50
except utilities for which 1.0 is
acceptableYear20142013201220112010Long-Term
Debt872,789.0872,241.0807,098.0871,876.0400,635.0Total
Assets6,859,690.06,381,750.05,620,347.05,277,635.04,328,831.
0Debt to Assets Ratio0.130.140.140.170.0911.2Debt to Equity
Ratio ≤ 1Year20142013201220112010Long-Term
Debt872,789.0872,241.0807,098.0871,876.0400,635.0Total
Equity4,757,897.04,739,576.04,165,359.03,795,413.03,199,717.
0Debt - Equity Ratio0.180.180.190.230.1311.3How long will it
take the company to pay off its long-term debt using Cash Flow
from Operations? 3 years or
less.Year20142013201220112010Long-Term
Debt872,789.0872,241.0807,098.0871,876.0400,635.0OCF871,6
02.0912,345.0814,542.0900,529.0991,175.0How long to payoff
Debt1.01.01.01.00.412Growth in Retained
EarningsYear20142013201220112010Retained
Earnings423149640564013788869348233428965664-year
Growth rate3-year Growth rate2-year Growth rate1-year Growth
rate0.100.120.140.2013CAPEX Per
ShareYear20142013201220112010CAPEX177913123074132176
122996111557Common Stock
Outstanding311204.926311045.084301389.176297960.7182986
52.994CAPEX per
Share0.57169082210.39567897490.43855589560.41279266890.
37353384114-year Growth rate3-year Growth rate2-year Growth
5. rate1-year Growth rate0.110.020.080.11
PE Ratio ValuationEstimating Intrinsic Value (P-E Ratio
Approach), comparing with Price and Making Purchase
Decision based on Margin of SafetyStep 8Step 8A: Gathering
DataP/E RatiosYearLatestYear -1Year -2Year -3Year -4Year -
5Year -6Year -7Year -8Year -9Year -10P/E
Ratio26.92.792.972.683.023.341.492.292.51.741.81Average P/E
Ratio4.68**(Check the formula for average)Analysts Estimate
of EPS Growth Rate:11.4(see MSN Moneycentral Analysts
Estimates)Latest (full year) EPS =1.98k =0.15(may try different
numbers based on what you know about the company's moat,
financial health and historical ROA).Current Price =60.19Step
8B:Using the DataEPS at end of last year, EPS0 =1.981.
Average EPS growth rate =-0.04(use the EPS growth rate over
the longest period (3-, 4- or 5- year period) you can find)2.
Average Equity growth rate =0.09(use the BVPS growth rate
over the longest period (3-, 4- or 5- year period) you can find)3.
Analysts estimate of EPS growth rate =11.4(see above)Equity
Growth Rate to use for Calculations =-0.04(This the lowest of
the three numbers above)Average P/E over 5 years or 10 years
=4.68k, the required rate of return =0.15Step 9:Estimating what
the business is worth1. Estimate EPS ten years from now,
EPS10 = EPS0 (1+g)101.322. Multiply EPS10 by P/E and call
that V10; that is V10 = (EPS10.)x(P/E).6.17This gives you the
intrinsic value ("Sticker Price") ten years from now.3. Calculate
today’s supposed intrinsic value, V0 = V10 x
[1/(1+k)10)]1.53Purchase DecisionStep 10:Current Price
=60.19Current Price/Intrinsic Value =39.44Margin of Safety-
38.44Decision:Buy if margin of Safety is greater 50%.Consider
buying or put on Watch List if Margin of Safety is between 20%
and 50%.Put on Watch List if Margin of Safety is less than
20%.
FCF ValuationEstimating Intrinsic Value Using Free Cash Flow
Approach1DataOCF =871,602.0Capital Expenditure
=177,913.0a. Latest FCF693,689.0b. Rate of Growth of FCF
over the next 10 years (use lower of 10% or company's 5-year
6. growth rate)-0.06c. Terminal Growth Rate (Rate of growth of
FCF from year 11 in perpetuity - use average GDP growth
rate)0.03d. Discount rate0.15e. Number of shares outstanding
(undiluted)313.67Number of shares outstanding from last
year311204.926(for use in calculating F-Score)Number of
shares outstanding two years ago311045.0842Estimatesa.
Estimates of FCF from year 1 to year 10b. Estimate of intrinsic
value in year 10c. Estimate of intrinsic value
todayYear:01234567891011FCF0FCF1FCF2FCF3FCF4FCF5FC
F6FCF7FCF8FCF9FCF10FCF11FCF693689.0653706.0616027.6
580520.9547060.7515529.1485814.9457813.4431425.9406559.3
383125.9394619.7PV of
FCF568440.0465805.4381701.9312783.7256309.1210031.21721
09.0141033.9115569.594702.9Intrinsic Value in Year
10706840.3Intrinsic Value$3,425,327Intrinsic Value per
share$10,920.163Current market price$ 60.194Ratio of current
price to intrinsic value0.01Margin of Safety =0.995Purchase or
sale decisionBuy if Margin of Safety is 50% or more.Consider
buying or putting on Watch List if Margin of Safety is between
20% and 50%.Put on Watch List if Margin of Safety is less than
20%.
Piotroski F ScorePiotroski Screening (F-Score)
CriteriaCriterionScore1The return on assets for the last fiscal
year (Y1) is positive12Cash from operations for the last fiscal
year (Y1) is positive13The return on assets ratio for the last
fiscal year (Y1) is greater than the return on assets ratio for the
fiscal year two years ago (Y2)04Cash from operations for the
last fiscal year (Y1) is greater than income after taxes for the
last fiscal year (Y1)15The long-term debt to assets ratio for the
last fiscal year (Y1) is less than the long-term debt to assets
ratio for the fiscal year two years ago (Y2)16The current ratio
for the last fiscal year (Y1) is greater than the current ratio for
the fiscal year two years ago (Y2)07The average shares
outstanding for the last fiscal year (Y1) is less than or equal to
the average number of shares outstanding for the fiscal year two
years ago (Y2)08The gross margin for the last fiscal year (Y1)
7. is greater than the gross margin for the fiscal year two years ago
(Y2)09The asset turnover for the last fiscal year (Y1) is greater
than the asset turnover for the fiscal year two years ago
(Y2)1TOTAL5F-Score of 8 or 9 => strong company; low
probability of bankruptcy.F-Score between 0 and 2 => weak
company; high probability of failing.
Altman Z ScoreAltman Z Score:Current Assets3,811,886Current
Liabilities709,056Total Aseets6,859,690Operating
Income752,484Market Cap1,888Total
Liabilities1,392,737Retained
Earnings4,231,496Sales2,864,773RatiosScoreX1 = Working
Capital / Total Assets0.45232802070.5427936248X2 =Retained
Earnings/Total Asets0.61686402740.8636096383X3 = Operating
Income/Total Assets0.10969650230.3619984577X4 = Market
Capitalization / Liabilities0.00135560410.0008133625X5 =
Sales / Total
Assets0.41762426580.4176242658Total2.1868393491Z = 1.2X1
+ 1.4X2 + 3.3X3 + 0.6X4 + 1.0X5Z < 1.8 => High probability
of bankruptcy1.8 < Z < 2.7 => caution; moderate probability of
bankruptcy2.7 < Z < 2.99=> proceed with cautionZ > 3 => safe;
bankruptcy unlikely.
5-Minute QuickScan5 Minute QuickScanDate:Basic Quality
StandardsQuestion 2Question 3Question 4Question 5Question
6Question 7DecisionCompany NameTicker.OB or .PK?Mkt Cap
< $500M ?Recent IPO?3 to 5 years Positive EBIT?3 to 5 years
of positive Cash Flow from Operating Activities?5 years of
ROE > 10%?5 Years of Debt to Equity Ratio < 1?Recent Price
to Book Ratio < 2?3 years of only positive net Tangible
Assets?Keep and Conitue to Analyze or Drop
Company?Alphabet IncGOOG
LNoNOnoyesyesyesyesyesyessafe company
Data InputStock TickerGOOG
LYear20142013201220112010QuoteCurrent
Price695.32P/E32.9068Market Cap201,563,533[in million
USD]Shares Outstanding289.89EarningsEarnings Growth
8. RateCompany [Next 5 Years]16.74[in decimal]FinancialsIncome
Statement20142013201220112010Total Revenue
(Sales)66,00159,82550,17537,90529,321Gross
Profit40,31033,96729,54124,71718,904Operating
Income16,49613,96612,76011,74210,381Net
Income14,44412,92010,7379,7378,505Interest Expense,
Supplemental1018384580Diluted Normalized
EPS21.0219.0716.1614.8813.16Balance
Sheet20142013201220112010Total Inventory042650500Total
Current Assets80,68572,88660,45452,75841,562Total
Assets131,133110,92093,79872,57457,851Total Current
Liabilities16,80515,90814,3378,9139,996Total Long Term
Debt3,2282,2362,9882,9860Total
Liabilities26,63323,61122,08314,42911,610Retained Earnings
(Accumulated Deficit)75,70661,26248,34237,60527,868Total
Equity104,50087,30971,71558,14546,241201420132012201120
10Total Common Shares
Outstanding680.172671.665659.958649.79642.603Cash Flow
Statement20142013201220112010Cash from Operating
Activities22,37618,65916,61914,56511,081Capital Expenditures
(Ignore the negative sign)00000FundamentalsKey Ratio [10
Year Summary]Avg P/EBook Value/
Share201433.1153.64201330.77129.99201228.12108.67201125.
2689.48201019.6271.96200916.7200814.1820079.2920065.9420
054.46
Value IndicatorsValue Indicators Worksheet1ROIC - ROIC >
12% since most businesses lends between 8% and
12%Year20142013201220112010Net
Income14,444.012,920.010,737.09,737.08,505.0Interest101.008
3.0084.0058.000.00Long-Term
Debt3,228.002,236.002,988.002,986.00- 0Total
Equity104,500.087,309.071,715.058,145.046,241.0Invested
Capital107,728.089,545.074,703.061,131.046,241.0ROIC0.140.
150.140.160.182Equity Growth
Rates:Year20142013201220112010BVPS153.64129.99108.6789
.4871.964-year Growth rate3-year Growth rate2-year Growth
9. rate1-year Growth rate0.210.200.190.183EPS Growth
Rates:Year20142013201220112010EPS21.0219.0716.1614.8813
.164-year Growth rate3-year Growth rate2-year Growth rate1-
year Growth rate0.120.120.140.104Sales Growth
RatesYear20142013201220112010Sales
(Revenue)66,001.0059,825.0050,175.0037,905.0029,321.00Sale
s Growth Rates:4-year Growth rate3-year Growth rate2-year
Growth rate1-year Growth rate0.2250.2030.1470.1035Operating
Cash Flow (OCF) and Free Cash Flow (FCF) growth
ratesYear20142013201220112010OCF22,376.0018,659.0016,61
9.0014,565.0011,081.00CAPEX0.000.000.000.000.00FCF22,376
.0018,659.0016,619.0014,565.0011,081.00OCF Growth Rates:4-
year Growth rate3-year Growth rate2-year Growth rate1-year
Growth rate0.1920.1540.1600.199FCF Growth Rates:4-year
Growth rate3-year Growth rate2-year Growth rate1-year Growth
rate0.1920.1540.1600.1996Gross Margin (>40% is sign of
durable competitive advantage; <20% is indicator of highly
competitive
industry).Year20142013201220112010Sales6600159825501753
790529321Gross
Profit40310.0033967.0029541.0024717.0018904.00Gross
Margin0.610.570.590.650.647Operating Margin (>= industry or
sector average). (Industry: … ...%; Average of competitors: …
…%)Year20142013201220112010Sales66001598255017537905
29321Operating
Profit16,496.0013,966.0012,760.0011,742.0010,381.00Operatin
g Margin0.250.230.250.310.358Net Margin (> 20% =>
competitive advantage; <10% sign of
competition)Year20142013201220112010Sales66001598255017
53790529321Net
Income14444.0012920.0010737.009737.008505.00Net
Margin0.220.220.210.260.299Free Cash Flow Margin (>= 10%
indicator of competitive advantage; must not be <
3%).Year20142013201220112010Sales66001.0059825.0050175.
0037905.0029321.00Free Cash
Flow22376.0018659.0016619.0014565.0011081.00FCF
10. Margin0.340.310.330.380.3810Short-Term Financial
Health10.1Current Ratio ≥
2Year20142013201220112010Current
Assets80,685.0072,886.0060,454.0052,758.0041,562.00Current
Liabilities16,805.0015,908.0014,337.008,913.009,996.00Curren
t Ratio4.804.584.225.924.1610.2Quick Ratio ≥
1.5Year20142013201220112010Current
Assets80,685.072,886.060,454.052,758.041,562.0Inventory0.04
26.0505.00.00.0Current
Liabilities16,805.015,908.014,337.08,913.09,996.0Quick
Ratio4.804.554.185.924.1610.3Interest Coverage Ratio ≥ 5
minimum; but preferably ≥ 10 (except utilities ≥
2)Year20142013201220112010EBIT16,496.0013,966.0012,760.
0011,742.0010,381.00Interest
Expense101.0083.0084.0058.000.00Interest
Coverage163.3168.3151.9202.40.010.4Operating Cash Flow
Ratio ≥
1Year20142013201220112010OCF22,376.0018,659.0016,619.00
14,565.0011,081.00Current
Liabilities16,805.0015,908.0014,337.008,913.009,996.00OCF
Ratio1.331.171.161.631.1111Long-Term Financial
Health11.1Leverage Ratio: Debt to Total Asset Ratio ≤ 0.50
except utilities for which 1.0 is
acceptableYear20142013201220112010Long-Term
Debt3,228.02,236.02,988.02,986.00.0Total
Assets131,133.0110,920.093,798.072,574.057,851.0Debt to
Assets Ratio0.020.020.030.040.0011.2Debt to Equity Ratio ≤
1Year20142013201220112010Long-Term
Debt3,228.02,236.02,988.02,986.00.0Total
Equity104,500.087,309.071,715.058,145.046,241.0Debt -
Equity Ratio0.030.030.040.050.0011.3How long will it take the
company to pay off its long-term debt using Cash Flow from
Operations? 3 years or less.Year20142013201220112010Long-
Term
Debt3,228.02,236.02,988.02,986.00.0OCF22,376.018,659.016,6
19.014,565.011,081.0How long to payoff
11. Debt0.10.10.20.20.012Growth in Retained
EarningsYear20142013201220112010Retained
Earnings75706612624834237605278684-year Growth rate3-year
Growth rate2-year Growth rate1-year Growth
rate0.280.300.320.3513CAPEX Per
ShareYear20142013201220112010CAPEX00000Common Stock
Outstanding680.172671.665659.958649.79642.603CAPEX per
Share000004-year Growth rate3-year Growth rate2-year Growth
rate1-year Growth rate0.000.000.000.00
PE Ratio ValuationEstimating Intrinsic Value (P-E Ratio
Approach), comparing with Price and Making Purchase
Decision based on Margin of SafetyStep 8Step 8A: Gathering
DataP/E RatiosYearLatestYear -1Year -2Year -3Year -4Year -
5Year -6Year -7Year -8Year -9Year -10P/E
Ratio32.906833.130.7728.1225.2619.6216.714.189.295.944.46A
verage P/E Ratio20.03**(Check the formula for
average)Analysts Estimate of EPS Growth Rate:16.74(see MSN
Moneycentral Analysts Estimates)Latest (full year) EPS
=21.02k =0.15(may try different numbers based on what you
know about the company's moat, financial health and historical
ROA).Current Price =695.32Step 8B:Using the DataEPS at end
of last year, EPS0 =21.021. Average EPS growth rate =0.12(use
the EPS growth rate over the longest period (3-, 4- or 5- year
period) you can find)2. Average Equity growth rate =0.21(use
the BVPS growth rate over the longest period (3-, 4- or 5- year
period) you can find)3. Analysts estimate of EPS growth rate
=16.74(see above)Equity Growth Rate to use for Calculations
=0.12(This the lowest of the three numbers above)Average P/E
over 5 years or 10 years =20.03k, the required rate of return
=0.15Step 9:Estimating what the business is worth1. Estimate
EPS ten years from now, EPS10 = EPS0 (1+g)1067.782.
Multiply EPS10 by P/E and call that V10; that is V10 =
(EPS10.)x(P/E).1,357.65This gives you the intrinsic value
("Sticker Price") ten years from now.3. Calculate today’s
supposed intrinsic value, V0 = V10 x
[1/(1+k)10)]335.59Purchase DecisionStep 10:Current Price
12. =695.32Current Price/Intrinsic Value =2.07Margin of Safety-
1.07Decision:Buy if margin of Safety is greater 50%.Consider
buying or put on Watch List if Margin of Safety is between 20%
and 50%.Put on Watch List if Margin of Safety is less than
20%.
FCF ValuationEstimating Intrinsic Value Using Free Cash Flow
Approach1DataOCF =22,376.0Capital Expenditure =0.0a. Latest
FCF22,376.0b. Rate of Growth of FCF over the next 10 years
(use lower of 10% or company's 5-year growth rate)0.10c.
Terminal Growth Rate (Rate of growth of FCF from year 11 in
perpetuity - use average GDP growth rate)0.03d. Discount
rate0.15e. Number of shares outstanding
(undiluted)289.89Number of shares outstanding from last
year680.172(for use in calculating F-Score)Number of shares
outstanding two years ago671.6652Estimatesa. Estimates of
FCF from year 1 to year 10b. Estimate of intrinsic value in year
10c. Estimate of intrinsic value
todayYear:01234567891011FCF0FCF1FCF2FCF3FCF4FCF5FC
F6FCF7FCF8FCF9FCF10FCF11FCF22376.024613.627075.0297
82.532760.736036.839640.443604.547964.952761.458037.6597
78.7PV of
FCF21403.120472.619582.418731.017916.617137.716392.5156
79.814998.114346.0Intrinsic Value in Year 10107075.2Intrinsic
Value$283,735Intrinsic Value per share$978.773Current market
price$ 695.324Ratio of current price to intrinsic
value0.71Margin of Safety =0.295Purchase or sale decisionBuy
if Margin of Safety is 50% or more.Consider buying or putting
on Watch List if Margin of Safety is between 20% and 50%.Put
on Watch List if Margin of Safety is less than 20%.
Piotroski F ScorePiotroski Screening (F-Score)
CriteriaCriterionScore1The return on assets for the last fiscal
year (Y1) is positive12Cash from operations for the last fiscal
year (Y1) is positive13The return on assets ratio for the last
fiscal year (Y1) is greater than the return on assets ratio for the
fiscal year two years ago (Y2)04Cash from operations for the
last fiscal year (Y1) is greater than income after taxes for the
13. last fiscal year (Y1)15The long-term debt to assets ratio for the
last fiscal year (Y1) is less than the long-term debt to assets
ratio for the fiscal year two years ago (Y2)06The current ratio
for the last fiscal year (Y1) is greater than the current ratio for
the fiscal year two years ago (Y2)17The average shares
outstanding for the last fiscal year (Y1) is less than or equal to
the average number of shares outstanding for the fiscal year two
years ago (Y2)08The gross margin for the last fiscal year (Y1)
is greater than the gross margin for the fiscal year two years ago
(Y2)19The asset turnover for the last fiscal year (Y1) is greater
than the asset turnover for the fiscal year two years ago
(Y2)0TOTAL5F-Score of 8 or 9 => strong company; low
probability of bankruptcy.F-Score between 0 and 2 => weak
company; high probability of failing.
Altman Z ScoreAltman Z Score:Current Assets80,685Current
Liabilities16,805Total Aseets131,133Operating
Income16,496Market Cap201,563,533Total
Liabilities26,633Retained
Earnings75,706Sales66,001RatiosScoreX1 = Working Capital /
Total Assets0.48713901150.5845668138X2 =Retained
Earnings/Total Asets0.57732226060.8082511648X3 = Operating
Income/Total Assets0.12579594760.4151266272X4 = Market
Capitalization /
Liabilities7568.18732399654540.9123943979X5 = Sales / Total
Assets0.50331342990.5033134299Total4543.2236524337Z =
1.2X1 + 1.4X2 + 3.3X3 + 0.6X4 + 1.0X5Z < 1.8 => High
probability of bankruptcy1.8 < Z < 2.7 => caution; moderate
probability of bankruptcy2.7 < Z < 2.99=> proceed with
cautionZ > 3 => safe; bankruptcy unlikely.