This document discusses several financial analysis techniques including horizontal analysis, vertical analysis, common-size statements, price-earnings ratios, dividend payout ratios, and financial leverage. It provides examples of calculating key financial ratios such as gross margin percentage, earnings per share, price-earnings ratio, dividend payout ratio, return on assets, return on equity, book value per share, current ratio, and acid-test ratio. The document also discusses how to interpret trends in financial statement items over multiple years.
Financial Reporting And Analysis Explained.as to why is it important, Who is it important for and the different ways of analyzing a financial statement.
Greenwich University
Financial Reporting And Analysis Explained.as to why is it important, Who is it important for and the different ways of analyzing a financial statement.
Greenwich University
A business combination is a transaction or other event in which a reporting entity (the acquirer) obtains control of one or more businesses (the acquiree).
A business combination is a transaction or other event in which a reporting entity (the acquirer) obtains control of one or more businesses (the acquiree).
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1.A proxy fight occurs when a competitor offers to sell t.docxhacksoni
1.
A proxy fight occurs when:
a competitor offers to sell their ownership interest in the firm.
the board of directors disagree on the members of the management team.
a group solicits voting rights to replace the board of directors.
the firm is declared insolvent.
the firm files for bankruptcy.
2.
The process of planning and managing a firm's long-term assets is called:
capital structure.
capital budgeting.
working capital management.
financial depreciation.
agency cost analysis.
3.
Which one of the following actions by a financial manager creates an agency problem?
agreeing to pay bonuses based on the market value of the company’s stock
refusing to borrow money when doing so will create losses for the firm
agreeing to expand the company at the expense of stockholders' value
increasing current costs in order to increase the market value of the stockholders' equity
refusing to lower selling prices if doing so will reduce the net profits
4.
Which one of these is a cash outflow from a corporation?
sale of an asset
dividend payment
profit retained by the firm
sale of common stock
issuance of debt
5.
First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually.
If you made a $66,000 deposit in each bank, how much more money would you earn from your Second City Bank account at the end of 10 years?
(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Difference in accounts
6.
Gerold invested $125 in an account that pays 5 percent simple interest. How much money will he have at the end of 7 years?
$160.31
$168.75
$155.00
$175.50
$162.50
7.
What is the present value of $12,450 to be received 5 years from today if the discount rate is 4.75 percent?
$10,340.78
$9,871.86
$13,105.26
$9,761.00
$9,773.15
8.
One year ago, you purchased 300 shares of IXC stock at a price of $22.05 per share, received $460 in dividends over the year, and today sold all of your shares for $29.32 per share. What was your dividend yield?
5.87%
5.23%
1.92%
6.95%
2.48%
9.
One year ago, you purchased a stock at a price of $32.50. The stock pays quarterly dividends of $.40 per share. Today, the stock is worth $34.60 per share. What is the total dollar return per share to date from this investment?
rev: 06_21_2016_QC_CS-54260
$2.50
$3.40
$2.10
$3.70
$3.80
10.
Which one of these accounts is classified as a current asset on the balance sheet?
accounts payable
preferred stock
net plant and equipment
inventory
intangible asset
11.
Net working capital is defined as:
current assets plus stockholders' equity.
current assets minus current liabilities.
fixed assets minus long-term liabilities.
total assets minus total liabilities.
current assets plus fixed assets.
12.
Which one of the following accounts is included in stockholders' equity?
intan ...
1APPRAISING PERFORMANCE AND STRATEGYMBA600 Week 4cargillfilberto
1
APPRAISING
PERFORMANCE AND
STRATEGY
MBA600 Week 4
2
COMMONWEALTH OF AUSTRALIA
COPYRIGHT REGULATIONS 1969
WARNING
THIS MATERIAL HAS BEEN REPRODUCED AND COMMUNICATED TO YOU BY OR ON BEHALF OF
KAPLAN BUSINESS SCHOOL PURSUANT TO PART VB OF THE COPYRIGHT ACT 1968 (THE ACT).
THE MATERIAL IN THIS COMMUNICATION MAY BE SUBJECT TO COPYRIGHT UNDER THE ACT. ANY
FURTHER REPRODUCTION OR COMMUNICATION OF THIS MATERIAL BY YOU MAY BE THE SUBJECT
OF COPYRIGHT PROTECTION UNDER THE ACT.
DO NOT REMOVE THIS NOTICE.
2
3
WEEK 4 FOCUSES ON THE THIRD LEARNING OBJECTIVE
3. Discuss and translate theory, skills and knowledge into effective
management practice.
Other learning objectives
Critically assess a diverse range of theories accumulated throughout the Masters’
qualification and the connections that exist between each one.
Acquire advanced knowledge and apply it in real workplace contexts to improve
performance and competitive advantage.
Undertake independent research to solve complex business problems.
4
QUICK REVIEW OF KEY
CONCEPTS
What we learned in Week 3
5
WHAT WE
LEARNED LAST
WEEK
Contingency Theory
Strategic fit
the consistency of strategy with the firm’s internal
environment and industry external environment
Fit is a concept in Contingency Theory
There is no single best way of structuring or managing a
firm
6
WHAT WE
LEARNED LAST
WEEK
Competition strategy and Porter’s Five
Forces framework
7
WHAT WE
LEARNED LAST
WEEK
Positioning of Competition Strategy
8
WHAT WE WILL
LEARN THIS
WEEK
Strategy planning processes related to
resources
Capabilities have been discussed in previous weeks
Capital management
Financial stability
Cash flow
9
APPRAISING
FINANCIAL
STABILITY
Appraising the Effectiveness
of current strategy
10
RECALL THE FINANCIAL STATEMENTS
BALANCE SHEET ($ in millions)
ASSETS
2017 2018
LIABILITIES
2017 2018
Current
Assets
$761m $707m Current
Liabilities
$486m $455m
Fixed
Assets
$1,118m $1,035 Long-term
Liabilities
$588m $562m
Total Equity $805m $725m
Total
Assets
$1,879 $1,742 Total
Liabilities
and Equity
$1,879m $1,742m
INCOME STATEMENT ($ in millions)
2017 2018
REVENUE $2,262 $1,810
Cost of goods sold $1,655 $1,324
Selling, general and
administrative expenses
$327 $262
Depreciation $90 $72
OPERATING INCOME $190 $152
Other income $29 $45
EBIT $219 $197
Interest $49 $44
Taxes $84 $67
NET INCOME $86 $86
Remember: Total Assets = Total Liabilities + Equity
11
APPRAISING
PERFORMANCE
STRATEGY
PLANNING
PROCESS
FINANCIAL RATIO ANALYSIS
MEASURE DESCRIPTION INTERPRETATION
Return on Sales After-tax Profit ÷ Total Sales
Percentage of profits earned
per dollar of sales revenue
Return on Assets After-tax Profit ÷ Total Assets
Percentage of profits earned
per dollar of assets
Return on Equity After-tax Profit ÷ Total Equity
Percentage of profits earned
per dollar of shareholders’
equity
Gross Profit Margin
(Total Sales – Cost o ...
STR 581 Capstone Final Examination, Part 2 - STR 581 Capstone Final Examinati...Transweb E Tutors
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Acc 291 Effective Communication / snaptutorial.comHarrisGeorg3
1. The term “receivables” refers to
cash to be paid to debtors.
merchandise to be collected from individuals or companies.
cash to be paid to creditors.
amounts due from individuals or companies.
Top of Form 1.If the Hunter Corp. has an ROE of 13 and.docxamit657720
Top of Form
1.
If the Hunter Corp. has an ROE of 13 and a payout ratio of 15 percent, what is its sustainable growth rate?
(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
2.
The most recent financial statements for Williamson, Inc., are shown here (assuming no income taxes):
Income Statement
Balance Sheet
Sales
$
8,300
Assets
$
23,200
Debt
$
9,000
Costs
5,490
Equity
14,200
Net income
$
2,810
Total
$
23,200
Total
$
23,200
Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $9,545.
What is the external financing needed?
(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
External financing needed
$
[removed]
3.
*
The external funds needed (EFN) equation projects the addition to retained earnings as:
PM
× ? Sales.
PM
×? Sales
×
(1 -
d
).
PM
× Projected sales × (1 -
d
).
Projected sales × (1 -
d
).
PM
×Projected sales.
4.
The maximum rate at which a firm can grow while maintaining a constant debt-equity ratio is best defined by its:
rate of return on assets.
internal rate of growth.
average historical rate of growth.
rate of return on equity.
sustainable rate of growth.
5.
The extended version of the percentage of sales method:
assumes that all net income will be paid out in dividends to stockholders.
assumes that all net income will be retained by the firm and offset by a reduction in debt.
is based on a capital intensity ratio of 1.0.
requires that all financial statement accounts change at the same rate.
separates accounts that vary with sales from those that do not vary with sales.
6.
Which one of the following depicts a correct relationship?
Dividend payout ratio = 1 – Retention ratio
Total asset turnover = 1 + Capital intensity ratio
ROA = ROE × (1 + Debt-equity ratio)
ROE = 1 – ROA
Equity multiplier = 1 – Debt-equity ratio
7.
The sustainable growth rate will be equivalent to the internal growth rate when, and only when,:
a firm has no debt.
the growth rate is positive.
the plowback ratio is positive but less than 1.
a firm has a debt-equity ratio equal to 1.
the retention ratio is equal to 1.
8.
Financial planning, when properly executed:
ignores the normal restraints encountered by a firm.
is based on the internal rate of growth.
reduces the necessity of daily management oversight of the business operations.
ensures internal consistency among the firm?s various goals.
eliminates the need to plan more than one year in advance.
9.
Marcie's Mercantile wants to maintain its current dividend policy, which is a payout ratio of 35 percent. The firm does not want to increase its equity financing but is willing to maintain its current debt-equity ratio. Given these requirements, the maximum rate at which Marcie's can grow is equal to:
35 percent ...
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1. The term “receivables” refers to
cash to be paid to debtors.
merchandise to be collected from individuals or companies.
cash to be paid to creditors.
amounts due from individuals or companies.
2. Three accounting issues associated with accounts receivable are
depreciating, valuing, and collecting.
depreciating, returns, and valuing.
For more classes visit
www.snaptutorial.com
1. The term “receivables” refers to
cash to be paid to debtors.
merchandise to be collected from individuals or companies.
cash to be paid to creditors.
amounts due from individuals or companies.
2. Three accounting issues associated with accounts receivable are
depreciating, valuing, and collecting.
For more classes visit
www.snaptutorial.com
1. The term “receivables” refers to
cash to be paid to debtors.
merchandise to be collected from individuals or companies.
cash to be paid to creditors.
amounts due from individuals or companies.
For more classes visit
www.snaptutorial.com
1. The term “receivables” refers to
cash to be paid to debtors.
merchandise to be collected from individuals or companies.
cash to be paid to creditors.
amounts due from individuals or companies.
Type of all_kind_of_diode.zenzer_diode_p-n_junction_diode_pin_diode_led_diode...Robioul Hasan
Type of all_kind_of_diode.zenzer_diode_p-n_junction_diode_pin_diode_led_diode_tunnel_diode_vractor_diode_schottky_diode_photo_diode_avalanche_diode_laser_diode
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
How to Create Map Views in the Odoo 17 ERPCeline George
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How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
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Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.