The financial performance of ELB Company improved from 2017 to 2018 based on an analysis of its financial statements. While revenues and gross profits increased, net profits decreased due to rising costs of goods sold and administrative expenses. Current assets grew but cash levels fell, and current liabilities increased. Liquidity ratios showed the company could meet short-term obligations. To further improve, management should reduce debt, costs, and expenses.
This document brings together a set
of latest data points and publicly
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Energy Industry. We are very excited
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periodic publication immensely
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This document brings together a set of latest data points and publicly available information relevant forBusiness services Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
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This document brings together a set of latest data points and publicly available information relevant for Business services. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Financial Services. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
Running head FINANCIAL ANALYSIS OF PEPSICO’S FINANCIAL STATEMENTS.docxcharisellington63520
Running head: FINANCIAL ANALYSIS OF PEPSICO’S FINANCIAL STATEMENTS 1
FINANCIAL ANALYSIS OF PEPSICO’S FINANCIAL STATEMENTS 4
Financial Analysis of PepsiCo's Financial Statements
XACC/290
January 18, 2015
Jennifer Weske
Financial Analysis of PepsiCo’s Financial Statements
PepsiCo is one of the publicly traded companies that operate in the beverage and food industry. Based on the financial statements in the appendix section of this paper, there is much that can be said on the company’s financial position and performance for the last three years ranging from 2011 to 2013. The income statement of the company indicates that the revenue levels remain flat despite the growth in net income from $ 6.2 billion to $ 6.7 billion. There was a reduction in the level of sales which was mainly attributed to the decline in the cost of goods sold. Based on the balance sheet, it is evident that operating profits can sufficiently service the company’s debt despite the reduction in the value of the current liquid assets (Businessweek, 2014).
At the end of 2013, the value of the company’s total assets was $ 77, 478, 000 million. This represented an increase in the value of the total assets in the last two years (Businessweek, 2014). An increase in value of total assets indicates that the company is effectively managing its expenditure and can sufficiently fund its operations. The figure also shows that the company’s book value has increased.
The total assets at the end of the previous reporting period were $ 74, 638,000. The value was lower than the one recorded in 2013. Nonetheless, the organization had recorded lower values in the other previous years. For instance, in 2010 the value of the total assets was $ 68, 153,000, while that of 2011 was $ 72, 882, 000. These trends indicate possible expansion, effective control of expenditure, and increased capital base.
At the end of most recent trading period, which was 2013, the value of cash and cash equivalents was $ 22, 203, 000 million (PepsiCo, 2013). This included elements such as accounts receivable, inventory, deferred taxes, and other current assets. The components constitute the list of items that can be easily converted into cash to meet the urgent financial needs of the business.
The amount of accounts receivable at the end of 2013 was $ 4, 874,000 million. This value was relatively higher than those of the previous years (Businessweek, 2014). While an increase in the level of accounts payable is mainly associated with increasing debt, it is a good indicator of the increasing level of operations. Nonetheless, the company should take into account effective cost management strategies to counter the increasing debt.
The amount of the accounts payable at the end of 2012 was $ 4, 451,000 million. This value was relatively lower compared to that of 2013. It implies that in 2013 the company had less debt, but the volume of operations was low. It is also indi.
Zichun Gao Professor Karen Accounting 1AIBM FInancial Stat.docxransayo
Zichun Gao Professor Karen Accounting 1A
IBM FInancial Statement Analysis
Financial Ratios 2019 2018 Formula
Current Ratio 1.02 1.29 CA/CL
Profit Margin 12.22% 12.35% Net Income/Total Revenue
Receiveables Turnover 9.80 10.71 Revenue/Average AR
Average Collection Period 36.72 33.62 365/Receiveables Turnover
Inventory Turnover 25.11 25.36 COST/Average Inventory
Days in Inventory 14.53 14.39 365/Inventory Turnover
Debts to Asset Ratio 0.86 0.86 Total Debts/Total Assets
IBM's days in inventory is around two weeks and this means that goods in the inventory
as efficnetly distributed and that there is a consitantly good inventory control for the
company.
The company's debts to assets ratio is the same for two years and this means that the
company has less debt than asset. However, it is still a relatively poor ratio because this
might show that there are potential problems for the company to generate sufficient
revenue.
The current ratio of the company has decreased over the year, and this means that the
company has less liquid assets to cover its short term liabilities. Since the ratio is
currently approaching 1, the company might be having liquidation problem.
The profit margin for IBM is very stable and it has been about 12% for two years. The
company is performing the profit-generating ability at an average level and it is having
an average profit margin in the industry.
The receiveables turnover is good for the company while between these two years, there
is a decline. As the company is collecting its accounts receiveables around 10 times per
year, the collection is frequent.
The company has been collecting money from customers on credit sales approximately
once every month, and the company usually has fast credit collection, which means that
the risk for credit sales is relatively low.
Inventory turnover measures how many times a company sells and replaces inventory
during a year and for IBM, the number of times is stable and it is constantly around 25.
This means that the company has an efficient control of its goods in the inventory.
Free Cash Flow 11.90 11.90 CF_Operation-Capital Expenditures
Return on Assets 0.06 0.08 Net Income/Total Assets
Asset Turnover 0.51 0.65 Revenue/Assets
Figures From Financial Statement
From Income Statement pg.68
Net Income 9431 9828
Total Revenue 77147 79591
Cost 40657 42655
From Consolidated Balance Sheet pg.70
Current Assets 38420 49146
Current Liabilities 37701 38227
Accounts Receiveables 7870 7432
Inventory 1619 1682
Total Assets 152186 123382
Total Liabilities 131202 106452
From Cash Flow Overview pg.59
Net Cash From Op 14.3 15.6
Capital expenditures 2.4 3.7
The company currently has 11.9 billion dollars free cash flow for two years and this is a
relatively high level of free cash flow. With the high free cash flow, the company can
have more oportunity to expand, invest in new projects, pay dividends, or invest the
money into Resea.
Running head FINANCIAL REPORTS ANALYSIS 2FINANCIAL REPOR.docxjeanettehully
Running head: FINANCIAL REPORTS ANALYSIS 2
FINANCIAL REPORTS ANALYSIS 2
Financial Reports Analysis
Name:
Institution:
Date:
Introduction
This paper will analyze financial reports of the leading giants in the fashion industry located in Europe that are Next PLC, and H&M. The analysis will capture the backgrounds of the two companies and evaluate their financial positions as of 2018. The report will tackle both horizontal and vertical reviews of the company with the inclusion of financial ratios. The companies’ profits will also be given importance in the analysis. Liquidation is an issue of concern to big companies included. The investment and efficiency in both Next PLC and H&M looked at to bring out the strengths and weaknesses of each company in the process of data interpretation. To finish the paper by analysis and review of the limitations to conclude the financial records of the companies presented.
Company Background
Next PLC
Next plc is a company that specializes in clothes and shoe fashion mostly — the company founded in 1864 in Leeds, England. The company has a financial target that aims at generating profits and achieving sustainability in the industry. It has over seven hundred stores, with 500 of them located in the United Kingdom and 200 distributed among European countries, the Middle East, and the continent of Asia. By 2018 statistics the company had about 43, 970 employees with a revenue of $4,055 million (Sabanoglu 2019).
H&M
H&M is a Swedish cloth retailer that focuses on fast-fashion designs for all members of society and ranked second in the industry. Erling Persson founded this company in 1947 in Sweden with women as the only customers. The company by 2015 had already acquired over 4500 stores globally, with about 132,000 individuals employed and income generated by 2016 totaling to $25.191 billion. To date, the company offers internet shopping in 33 countries (O'Connell 2019).
HORIZONTAL AND VERTICAL ANALYSIS
Parallel Analysis
In conducting a horizontal analysis of the companies in the report, their financial statements used by focusing on a specific time frame. In this report, the focus put on the information obtained as of the 2017-2018 fiscal year. Taking a look at Next PLC’s economic data as of 2017 $4097.3 million, and in 2018 the data indicates a drop in the revenues to $4055.5 million that represented a 1.02% decline in revenues. Next, PLC experienced a decrease in revenues, something opposite to their organizational objectives, something attributed to the volatile nature of U.K markets resulting in a high risk of sale (Singh 2018).
Focusing on H&M in 2017, their income was $27696.63 million, considered an increase from the previous years. In 2018 the revenues obtained by H&M totaled up to $23232.37 million a decrease in income compared to the last year by 16.1% in sales revenues. In this regard, found that H&M had the most substantial reduction in sales revenues from 2 ...
This document brings together a set
of latest data points and publicly
available information relevant for
Energy Industry. We are very excited
to share this content and believe that
readers will benefit from this
periodic publication immensely
fin 370,uop fin 370,uop fin 370 entire course,uop fin 370 entire class,uop fin 370 week 1,uop fin 370 week 2,uop fin 370 week 3,uop fin 370 week 4,uop fin 370 week 5,uop fin 370 tutorials,fin 370 assignments,fin 370 help,uop fin 370 learning team lowes,uop fin 370 strategic initiative paper lowe's,uop fin 370 final exam guide
This document brings together a set of latest data points and publicly available information relevant forBusiness services Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
fin 370,uop fin 370,uop fin 370 complete course,uop fin 370 entire course, uop fin 370 week 1,uop fin 370 week 2,uop fin 370 week 3,uop fin 370 week 4,uop fin 370 week 5,fin 370 final exam guide new,fin 370 tutorials,fin 370 assignments,fin 370 help
This document brings together a set of latest data points and publicly available information relevant for Business services. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Financial Services. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
Running head FINANCIAL ANALYSIS OF PEPSICO’S FINANCIAL STATEMENTS.docxcharisellington63520
Running head: FINANCIAL ANALYSIS OF PEPSICO’S FINANCIAL STATEMENTS 1
FINANCIAL ANALYSIS OF PEPSICO’S FINANCIAL STATEMENTS 4
Financial Analysis of PepsiCo's Financial Statements
XACC/290
January 18, 2015
Jennifer Weske
Financial Analysis of PepsiCo’s Financial Statements
PepsiCo is one of the publicly traded companies that operate in the beverage and food industry. Based on the financial statements in the appendix section of this paper, there is much that can be said on the company’s financial position and performance for the last three years ranging from 2011 to 2013. The income statement of the company indicates that the revenue levels remain flat despite the growth in net income from $ 6.2 billion to $ 6.7 billion. There was a reduction in the level of sales which was mainly attributed to the decline in the cost of goods sold. Based on the balance sheet, it is evident that operating profits can sufficiently service the company’s debt despite the reduction in the value of the current liquid assets (Businessweek, 2014).
At the end of 2013, the value of the company’s total assets was $ 77, 478, 000 million. This represented an increase in the value of the total assets in the last two years (Businessweek, 2014). An increase in value of total assets indicates that the company is effectively managing its expenditure and can sufficiently fund its operations. The figure also shows that the company’s book value has increased.
The total assets at the end of the previous reporting period were $ 74, 638,000. The value was lower than the one recorded in 2013. Nonetheless, the organization had recorded lower values in the other previous years. For instance, in 2010 the value of the total assets was $ 68, 153,000, while that of 2011 was $ 72, 882, 000. These trends indicate possible expansion, effective control of expenditure, and increased capital base.
At the end of most recent trading period, which was 2013, the value of cash and cash equivalents was $ 22, 203, 000 million (PepsiCo, 2013). This included elements such as accounts receivable, inventory, deferred taxes, and other current assets. The components constitute the list of items that can be easily converted into cash to meet the urgent financial needs of the business.
The amount of accounts receivable at the end of 2013 was $ 4, 874,000 million. This value was relatively higher than those of the previous years (Businessweek, 2014). While an increase in the level of accounts payable is mainly associated with increasing debt, it is a good indicator of the increasing level of operations. Nonetheless, the company should take into account effective cost management strategies to counter the increasing debt.
The amount of the accounts payable at the end of 2012 was $ 4, 451,000 million. This value was relatively lower compared to that of 2013. It implies that in 2013 the company had less debt, but the volume of operations was low. It is also indi.
Zichun Gao Professor Karen Accounting 1AIBM FInancial Stat.docxransayo
Zichun Gao Professor Karen Accounting 1A
IBM FInancial Statement Analysis
Financial Ratios 2019 2018 Formula
Current Ratio 1.02 1.29 CA/CL
Profit Margin 12.22% 12.35% Net Income/Total Revenue
Receiveables Turnover 9.80 10.71 Revenue/Average AR
Average Collection Period 36.72 33.62 365/Receiveables Turnover
Inventory Turnover 25.11 25.36 COST/Average Inventory
Days in Inventory 14.53 14.39 365/Inventory Turnover
Debts to Asset Ratio 0.86 0.86 Total Debts/Total Assets
IBM's days in inventory is around two weeks and this means that goods in the inventory
as efficnetly distributed and that there is a consitantly good inventory control for the
company.
The company's debts to assets ratio is the same for two years and this means that the
company has less debt than asset. However, it is still a relatively poor ratio because this
might show that there are potential problems for the company to generate sufficient
revenue.
The current ratio of the company has decreased over the year, and this means that the
company has less liquid assets to cover its short term liabilities. Since the ratio is
currently approaching 1, the company might be having liquidation problem.
The profit margin for IBM is very stable and it has been about 12% for two years. The
company is performing the profit-generating ability at an average level and it is having
an average profit margin in the industry.
The receiveables turnover is good for the company while between these two years, there
is a decline. As the company is collecting its accounts receiveables around 10 times per
year, the collection is frequent.
The company has been collecting money from customers on credit sales approximately
once every month, and the company usually has fast credit collection, which means that
the risk for credit sales is relatively low.
Inventory turnover measures how many times a company sells and replaces inventory
during a year and for IBM, the number of times is stable and it is constantly around 25.
This means that the company has an efficient control of its goods in the inventory.
Free Cash Flow 11.90 11.90 CF_Operation-Capital Expenditures
Return on Assets 0.06 0.08 Net Income/Total Assets
Asset Turnover 0.51 0.65 Revenue/Assets
Figures From Financial Statement
From Income Statement pg.68
Net Income 9431 9828
Total Revenue 77147 79591
Cost 40657 42655
From Consolidated Balance Sheet pg.70
Current Assets 38420 49146
Current Liabilities 37701 38227
Accounts Receiveables 7870 7432
Inventory 1619 1682
Total Assets 152186 123382
Total Liabilities 131202 106452
From Cash Flow Overview pg.59
Net Cash From Op 14.3 15.6
Capital expenditures 2.4 3.7
The company currently has 11.9 billion dollars free cash flow for two years and this is a
relatively high level of free cash flow. With the high free cash flow, the company can
have more oportunity to expand, invest in new projects, pay dividends, or invest the
money into Resea.
Running head FINANCIAL REPORTS ANALYSIS 2FINANCIAL REPOR.docxjeanettehully
Running head: FINANCIAL REPORTS ANALYSIS 2
FINANCIAL REPORTS ANALYSIS 2
Financial Reports Analysis
Name:
Institution:
Date:
Introduction
This paper will analyze financial reports of the leading giants in the fashion industry located in Europe that are Next PLC, and H&M. The analysis will capture the backgrounds of the two companies and evaluate their financial positions as of 2018. The report will tackle both horizontal and vertical reviews of the company with the inclusion of financial ratios. The companies’ profits will also be given importance in the analysis. Liquidation is an issue of concern to big companies included. The investment and efficiency in both Next PLC and H&M looked at to bring out the strengths and weaknesses of each company in the process of data interpretation. To finish the paper by analysis and review of the limitations to conclude the financial records of the companies presented.
Company Background
Next PLC
Next plc is a company that specializes in clothes and shoe fashion mostly — the company founded in 1864 in Leeds, England. The company has a financial target that aims at generating profits and achieving sustainability in the industry. It has over seven hundred stores, with 500 of them located in the United Kingdom and 200 distributed among European countries, the Middle East, and the continent of Asia. By 2018 statistics the company had about 43, 970 employees with a revenue of $4,055 million (Sabanoglu 2019).
H&M
H&M is a Swedish cloth retailer that focuses on fast-fashion designs for all members of society and ranked second in the industry. Erling Persson founded this company in 1947 in Sweden with women as the only customers. The company by 2015 had already acquired over 4500 stores globally, with about 132,000 individuals employed and income generated by 2016 totaling to $25.191 billion. To date, the company offers internet shopping in 33 countries (O'Connell 2019).
HORIZONTAL AND VERTICAL ANALYSIS
Parallel Analysis
In conducting a horizontal analysis of the companies in the report, their financial statements used by focusing on a specific time frame. In this report, the focus put on the information obtained as of the 2017-2018 fiscal year. Taking a look at Next PLC’s economic data as of 2017 $4097.3 million, and in 2018 the data indicates a drop in the revenues to $4055.5 million that represented a 1.02% decline in revenues. Next, PLC experienced a decrease in revenues, something opposite to their organizational objectives, something attributed to the volatile nature of U.K markets resulting in a high risk of sale (Singh 2018).
Focusing on H&M in 2017, their income was $27696.63 million, considered an increase from the previous years. In 2018 the revenues obtained by H&M totaled up to $23232.37 million a decrease in income compared to the last year by 16.1% in sales revenues. In this regard, found that H&M had the most substantial reduction in sales revenues from 2 ...
TEMPLATE
Financial Analysis Task I
Competition Bikes, Inc.A1.a. Competition Bikes Horizontal Analysis: Results
The present period of the company has been experiencing a notable decrease in the Net Sales as opposed to our earlier fiscal years. Financial Years 6 and 7 were markedly better than our current 7 and 8. A quick deduction and study has determined the reason for this economic downturn to be the present economy. Competition Bikes, Inc. does however, expect an increase in Unit Sales over the course of the next three years, but will also be projected to remain below our High Unit sales of Year 7.
Considering that our sales have decreased, it is positive to note that the percentage-to-Net Sales of the Cost of Goods Sold remained around 73% through years 6 – 8 in our Vertical Analysis. What this depicts is that the price of our raw materials has remained rather stagnant, as has the costs of labor. We have also reduced our Advertising Costs by approximately 16.3%, whereas it had been up by 37.5% percent from Year 6 to 7. This is due to two consecutive years of reduced sales of our product. As for Marketing, it is normal procedure to reduce its budgets when the economy enters a bear market. However, this is not always the wisest course of action due to the fact that companies must fight within an ever-constricting marketplace for potential sales that still remain.
Pertaining to our overall General and Administrative Expenses our company has remained in a relatively flat status with reviewed over the past several years to the present. There is a notable increase in our overall Utilities expenses, ranging around 11.1%, which is probably because of increased power costs passed on from electrical companies. That is up, and impressively so from our Year 6 to 7 which Utilities were only hovering in the 3.8% range. There is, however, a particular section that is worthy of a more detailed examination. The Other General and Admin Expenses are up. Way up, in fact. Estimates are a very noticeable 7.6% ($12,000.00) from last year. That’s a marked improvement from Year 6 to 7 where we were reporting 31.1% (37,500.00)! All the while our expected sales have decreased by 15% in the same timeframe. Even more concerning is our Operations. The Operating Income has dropped by a staggering -69.1%! This is a considerable difference from our Year 6 – 7 Operating Income, which was reported at $191,820.00 or 154.6%!
It should go without saying that our Operating Income, that is, things like the Utilities and Salaries, are always paid regardless of whether or not there is profitable sales; and this in turn is severely shrinking our corporate earnings cash considerably more than just a reduction in our sales percentages. One of the quick solutions to overcome this issue would be to reduce the number of hours that our Workforce in Production utilizes. This would allow for the Operating Income figure to reduce along with the reduced am ...
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This document brings together a set of latest data points and publicly available information relevant for Financial services. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
This document brings together a set of latest data points and publicly available information relevant for Banking. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
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The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
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how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.
Ebl
1. Running head: ELB’S FINANCIAL PERFORMANCE 1
ELB’s Financial Performance
Student’s Name
University Affiliation
2. ELB’S FINANCIAL PERFORMANCE 2
Analysis of ELB’s financial performance
ELB’s financial performance has dramatically improved over the two years. According
to the company's financial statements, ELB reported an increase in its financial position in 2018
compared to the preceding years. For instance, in 2017, the firm's financial situation was $ 32.2
million. But this figure increased in 2018 to $ 40.93 million, which was driven by the excellent
performance of the company activities in the markets (Fridson, & Alvarez, 2016).
Income statements analysis of ELB Company
Horizontal analysis
Even though the ELB Company reported excellent performance in financial position,
the company's net profits reduced in 2018 compared to its value in 2017. During the two fiscal
years, the company reported an increase in revenues, which indicates an improvement in the
business's performance. While the revenues of the firm increase, the cost of sales also
increased, which led to a decrease in the net profit of the company (Fridson & Alvarez, 2016).
For instance, ELB Company's cost of goods sold risen in 2018 $ 24 million from $ 20.25. The
increase in the cost of products sold was due to a rise in the company's production cost. As
such, this finally led to a decrease in the net profit of the firm in general. Despite an increase
in the value of the cost of sales, the firm still reported an increase in the gross profit in 2018
compared to the amount of gross profit in 2017. In 2017, the value of gross profit of ELB
Company was $ 8.65 million but, the value increased to $ 10.2 million in 2018 which was an
indication that the company's financial performance improved in 2018 compared. Also, the
main aim for a rise in gross profit of ELB is due to a rise in net sales, which led to an increase
in the revenue value of the company ion 2018.
Additionally, ELB Company also reported an increase in administration expenses in
2018 by $ 1.82 million from $ 3.3 million in 2017 to $ 5.12 million in 2018. Generally, an
increase in spending reduces the net profit of a company (Hales, 2017). As a result of the rise
3. ELB’S FINANCIAL PERFORMANCE 3
in an increase in the company's distribution and administration expenses, there was a likelihood
that the company's net profit would reduce in 2018 compared to the value in 2017. Also, other
costs of the company, such as finance cost, increased by $ 0.07 million in 2018 from $ 0.45
million in 2017 to $ 0.52 million in 2018. This means that the company spent more money on
financial obligations in 2018 as compared to 2017 (Hales, 2017). As a result of the tremendous
increase in the company's expenses in 2018, the company's profit before tax reduced in 2018
to $ 4.56 million from $ 4.9 million. The latter was an indication that ELB Company realized
heavy losses in 2018. As such, there is a need for the management to find possible ways of
reducing the expenses of the company to improve its performance
Due to a reduction in profit before tax, the company income tax reduced in 2018 by $
0.01 million from $ 0.1.4 million to $ 1.3 million. Since income tax is imposed on the amount
of profit made by a company during the year, the corporation tax charged on the company was
based on the amount of income earned during the year (Hales, 2017). As a result, ELB
Company's net profit reduces in 2018 by 6.9 %, which is likely to influence the future financial
performance of the business in case the net profit continue to decrease in the preceding years.
Vertical analysis
According to the percentage change of various particulars of ELB, the total company
revenue increased by 18.3 % in 2018 when comparing the full value of income of 2018 an that
of 2017. The increase in revenue might be due to the rise in sale during the year compared to
the preceding year. Also, the company's cost of sales rose by 18.5 % in 2018. Despite the
general rise in the cost of sales by the company, the gross profit also increased in 2018 by 17.9
% for the previous year. Besides, ELB net expenses increased in 2018, which led to a decrease
in profit before by 6.9 %.
4. ELB’S FINANCIAL PERFORMANCE 4
Balance sheets and leverage ratios
Over the two years, the company's both non-current and current assets have increased,
which contributed to a significant change in its financial position. The overall change in the
firm's fiscal situation between the two years was brought about many factors. First, the
company's PPE increased from $ 17,880 in 2017 to $ 25.93 million in 2018 which is a sign that
the company increased the value of its non-current assets between 2017-2018 financial years
(Stein, 2019). Besides, the cost of investments of the company's investments available for sale
increased between in 2017 and 2018 form$ 5.4 million to $ 6.2 million which contributed
significantly to the overall increase in the financial position of ELB Company.
Besides, to increase in the non-current assets, the company's current assets also
increased in 2018, which contributed a reasonable position for the general increase in the
company's financial situation. During 2018, EPL acquired more inventories to improve its
business activities. As a result, this led to a rise in the financial position of the business in 2018
compared to the last years (Stein, 2019). Conversely, the firm’s cash and cash equivalent
reduced to zero in 2018 from $ 0.12 million in 2017. The reduction in cash and cash equivalent
is a sign that the business is not in a position to service its short term obligation in 2018. Also,
a reduction in the company's cash and cash equivalent contributed to a reduction in the value
of the total current asset in 2018.
Even though the company's cash and cash equivalent reduced in 2018, its total current
assets for the two years are still higher, the total current liabilities of the previous years. As a
result, the quick ratio of ELB is above 1.0, which implies that the company is able of meeting
its short-term responsibilities. Therefore, the company cannot be liquidated at any point
because it will be capable of servicing its short-term debts and obligation in case of solvency.
Furthermore, account receivables of the company reduced from $ 5.2 million in 2017
to $ 4.3 million in 2018, which implies that many customers and other stakeholders have paid
5. ELB’S FINANCIAL PERFORMANCE 5
the amount of money they owed the company. However, the difference in the amount was not
much more significant; thus, the change did not lead to a decrease in the financial position of
ELB (Stein, 2019). Despite a decrease in the trade receivables, the business's financial situation
still increased in 2018 compared to 2017 due to an increase in other particulars such as an
increase in inventories and non-current assets of ELB.
Although the analysis of the ELB's assets, liabilities, and shareholders' equity played
an essential part in increasing ELB’s financial position between 2017 and 2018. According to
the value of ordinary shares, there was no enormous difference between the value of the
company's ordinary stock in 2017 and 2018. The value of the ELB’s share capital remained the
same at $ 10 million for the two years with a par value of $ 1 per ordinary. The latter infers that
the company did not issue any additional share as a way of increasing its capital base. However,
the value retained earnings, which comprises of the profit from the previous years of the
company, raised in 2018 by 3.26 million from 7.46 million in 2017. The amount increased
because the profit earned during 2018 were not distributed to shareholders as dividends. As a
result, this led to a more significant difference between retained earnings in 2018 and 2017.
Also, the gain in the revaluation of reserves of the ELB Company increased in 2018 by
$ 3.1 million from $ 1.1 million in 2017. The increases in revaluation reserve significantly
contributed to the overall rise in ELB financial position in 2018 compared to 2017. The gain in
the revaluation of reserves related to the additional value of PPE that were revalued during
2018 financial year. As such, a rise in the value of other reserves of the company by $ 0.8
million from $ 1 million in 2017 has also contributed to a rise in financial position ELB
Company. An increase in the value of other reserves was to gain from the sale of investments
of the company.
Apart from ordinary share capital, the company, other sources of capital include loans
and borrowings. However, between 2017 and 2018 the value of the company's long-term
6. ELB’S FINANCIAL PERFORMANCE 6
investment did not change which infers that the management did not increase the liquidity
nature of the company by acquiring more loans (Rivera, 2014). But the company's acquired a
6% bonds repayable by 2020 which increased from $ 5.2 million in 2017 to $ 5.4 million in
2018 which is an indication that the company increased its debt-equity ratio in 2018.
Lastly, the company’s trade and other payables increased in 2018 by $ 1.1 million from
4.7 million in 2017. An increase in these current liabilities increased the company’s liquidity
position. As such, this is likely to put the company at risk in case of solvency because the
company might not be able to meet all its short term obligations. On the same note, the
company also increased its short term borrowings in 2018 by 0.27 million from zero balance.
Consequently, this contributed a rise in value of current liabilities in 2018 (Rivera, 2014).
However, an increase in current liabilities and a decrease in assets of the company can
adversely affect ELB Company might fail to service its short term obligations when they fall
due.
Liquidity ratios
i. Quick ratio = (Total current asset – inventories)/ current liabilities
Quick ratio = ($ 8.8 - $ 4.5 m) / $ 6.07 m
Quick ratio = 0. 7
According to results from the calculation of quick ratio, the company is likely to fail to
meet its short term obligations because its ratio is less than 1. The quick of ELB Company for
2018 was 0.7:1, which less than the target of the company (Weaver, 2018).
ii. Current ratio
Current ratio = CA/ CL
Current ratio = $ 8.8 m / $ 6.07 m
Current ratio = 1.45
7. ELB’S FINANCIAL PERFORMANCE 7
According to results from the calculation, the company can service its short term
responsibility because its current ratio is more than 1. Also, the value of the current ratio for
ELB in 2018 is closer to the targeted value set by the management.
iii. Gearing ratio
Typically, the gearing ratio of a company refers to the amount of debt expressed as a
percentage of the total equity.
Therefore, gearing ratio of ELB Company = debt / equity
Gearing ratio = ($ 11.4 m / $ 23.46) x 100 %
Gearing ratio = 0.485 x 100 %
Gearing ratio = 48.5 %
From the results of the calculation, the company's debt to equity ratio is less than 50 %,
which shows that the company most of its activities with debt finances. However, the value of
the company's gearing ratio for 2018 was less than the target of the management, which is an
indication that the can still operate without debt finances.
Recommendations
For the company to increase its performance in its industry, the management should employ
the following strategies to reduce expenses.
1. The management should reduce debt finances of the company to reduce leverage ratios
of the company.
2. The management should employ appropriate operational strategies to reduce the cost
of sale to enable the company to make enough gross profit from sales.
3. The company should minimize its administration and distribution cost to reduce net
expenses to realize reasonable net profits.
8. ELB’S FINANCIAL PERFORMANCE 8
References
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A Journal of Practice & Theory, 34(1), 59-74.
Fridson, M. S., & Alvarez, F. (2016). Financial statement analysis: A practitioner's guide.
Hoboken, N.J: John Wiley & Sons.
Graham, L. (2015). Internal control audit and compliance: documentation and testing under
the new COSO framework.
Hales, J. (2016). Accounting and financial analysis in the hospitality industry. Routledge.
Hales, J. (2017). Accounting and Financial Analysis in the Hospitality Industry: The Use of
Reason in Argument. Pearson Education, India.
Hilton, R. W., & Platt, D. E. (2015). Managerial accounting: creating value in a dynamic
business environment. McGraw-Hill Education.
Jagels, M. G., Jagels, M., & Ralston, C. E. (2016). Hospitality management accounting. John
Wiley and sons.Pletzer, J. L., Nikolova, R., Kedzior, K. K., & Voelpel, S. C. (2015).
Does gender matter? Female representation on corporate boards and firm financial
performance-a meta-analysis. PloS one, 10(6), e0130005.
Post, C., & Byron, K. (2015). Women on boards and firm financial performance: A meta-
analysis. Academy of Management Journal, 58(5), 1546-1571.
Rivera, M. (2014). RevPAR-Adjusted Budgets: The Only One's Worth Looking at. VHS Asset
Management & Advisory.
Stein, S. S. (2019). Integrated reporting management: Analysis and applications for creating
value.
Weaver, S. (2018). Essentials of Financial Analysis. Blacklick: McGraw-Hill Publishing.