...Executive Summary: The following analysis attempts to identify companies based on a brief description and accompanying financial statements. There are two companies per industry, which must be analyzed to find the best match for two sample financial statements. Items that were analyzed were debt ratios, margins, certain asset items, and efficiency ratios. Several conclusions were made during the analysis. First, companies with more competition or a low-priced strategy tend to have lower gross margins due to pricing constraints. Second, companies that are acquisitive tend to have higher debt levels, which increase the debt ratios. Lastly, companies with cost-saving initiatives tend to have lower SG&A, which adds to profit margins. (Damodaran) Exhibit 1 is attached at the end. Industry Analysis Healthcare: Company A is most likely the diversified health-products company. According to the financial statements, company B is most likely the pharmaceutical company that is focusing on its core competency, which is strictly drug development. COGS is much lower than company A, who has a diversified product base. Since Company B relies on exclusive deals it can charge premiums on its product, which is shown by its higher gross margin. Company B has lucrative licensing, which can be shown by the high intangible assets. Beer: Company C is most likely the national brewer of mass-market beers sold under a variety of brand names. Its high net fixed assets, due to the...
Words: 624 - Pages: 3
...THE FINANCIAL DETECTIVE, 2005 I focused on the companies’ beta, current ratio, inventory turnover ratio, total debt/total assets ratio and net profit margin to identify if the company is in a healthy state within its industry. After thoroughly examining and analysing the financial ratios for the eight pairs of unidentified companies, following are the conclusions regarding companies according to my analysis. | Company A | Company B | Beta | 0.65 | 0.85 | Current Ratio | 1.96 | 1.50 | Inventory Turnover | 3.08 | 0.93 | Total Debt/Total Assets | 5.34 | 14.99 | Net Profit Margin | 17.97 | 21.58 | From the above chart I concluded that company A is in a healthier state than company B. Based on the highlighted information provided above company A has outperformed than company B in the health sector. Company A has the substantial ratios of a company that can turn their assets into liquidity at any time, they are able to pay their debt, and generate a decent amount of profit. Company A is less risker than company B. Company have less debts than Company B. | Company C | Company D | Beta | 0.55 | 0.60 | Current Ratio | 0.92 | 3.35 | Inventory Turnover | 12.60 | 7.44 | Total Debt/Total Assets | 51.19 | 0.00 | Net Profit Margin | 15.00 | 5.76 | From the above chart I concluded that company D is in a healthier state than company C in the Beer industry. Company D is able to turn their assets into liquidity at a faster rate of 2.43x than company C. The...
Words: 890 - Pages: 4
...Case 6, Financial Detective, 1996 NEWSPAPERS : 1) Centralized (Worlwide) - NEW YORK TIMES Fierce competition price depends on the market More efficient ° Higher inventory turn L ° Beta closed to 1.00 (worldwide) L 2) Decentralized (Midwest) - LEE ENTREPRISE Monoplolist price like you want ° Higher gross margin K ° Higher other assets (goodwill) K STEEL : 1) Big - INLAND ° Lower receivable turn O ° higher D/E (older, stable) O 2) Small - NUCOR ° Higher P/E P ° Higher margins P BEER : 1) National - ANHEUSER-BUSCH ° Higher inventory turnover M ° Higher debt to equity (more debt than cash) M 2) Micro - BOSTON BEER CO. ° Higher P/E ratio (young) N ° Higher A/P (outsourcing) N ° Higher ROA (not lot of assets) N ° No dividend (IPO) N ° Higher cash (IPO) N ° No Beta (IPO) N ° Higher gross margin (niche market) N RETAIL 1) National - SEARS ° Lower receivable turn G ° Higher D/E G 2) Cat. Killer - HOME DEPOT ° Lower gross margin H ° Higher P/E (fast growing) H ° Inventory (only assets) H ° Higher assets turnover (doesn’t have any assets) H HEALTH PRODUCTS 1) Mass Market - J & J ° Higher inventory turnover A ° Higher receivable turnover (quicker) A 2) Ethical - Lily ° Higher gross margin (patterns, monopolistic) B HOUSEHOLD APPLIANCES 1) Quality (own brand name) - MAYTAG ° High gross profit C ° Net Loss (crisis...
Words: 317 - Pages: 2
...Financial Detective - group case study Introduction Within this case we will be analysing two companies within same industry while also matching the descriptive portfolio given to the appropriate financial statement figures. Health products Whilst studying the financial statement provided we noticed that there are some figures which stand out straight away in relation between both companies providing health products. One of the figures which gasped our attention was the ‘intangibles’ figure, as it is significantly greater for company b in comparison to company a. As seen in the written description on the two company portfolios, company B is said to have a greater sum invested in research and development than company A which has no information with regards current R&D operations. Additionally, the net fixed assets are greater for company A, which was automatically spotted as company 2 which is also described to be a “greater diversified health product company”. This would in fact lead to the need for different types of machinery in order to produce a broader product range. Conclusively, due to the above analysis we believe that Company 1 is B, Company 2 is therefore A. Beer products During our study of the financial statement in relation to the beer sector, we have identified that company C has a much greater net fixed assets which indicates that company 1 is most likely to link with this financial information. Additionally, as seen in the selling general and administrative...
Words: 1397 - Pages: 6
...all my friends at the 12th 3 of 110 05-05-2013 19:50 Heat Wave - Richard Castle file:///C:/Users/zainab/Downloads/Richard.Castle_Nikki.Heat.01_Hea... Contents One It was always the same for her when she arrived… Two Nikki Heat’s footsteps echoed back at her off the concrete… Three Heat and Rook trailed two steps behind Noah Paxton as… Four Nikki didn’t go home following the movie after all. She… Five There is very little chance of a high-speed pursuit on… Six Nikki stepped into the rooftop bar of the Soho House… Seven Even as she stood frozen in her hallway, Nikki’s first… Eight When Detective Heat nosed the Crown Vic out of underground… Nine Nikki Heat’s apartment building was not the Guilford. It was… Ten Nikki led him wordlessly into her bedroom and set the… Eleven Thirty minutes later, Detective Heat stepped off the Guilford’s elevator… Twelve The three detectives and Rook maintained a tense silence as… Thirteen In the precinct interrogation room, the biker, Brian Daniels, seemed… Fourteen Raley came back into the bullpen dangling his sport coat… Fifteen Jameson Rook stood in the precinct Observation Room staring in… Sixteen Nikki was tucking in her blouse as she sailed down… Seventeen The receptionist at Starr Real Estate Development popped back on… Eighteen On their drive back from the M.E.’s office, Nikki didn’t… Nineteen Heat, Raley, Ochoa, and Rook crossed through the lobby of… Twenty “Stop squirming,” said Noah...
Words: 70446 - Pages: 282
...On the haunt to find the suspect who simultaneously disappeared after committing a burglary is found by our uniformed police officer and transported to the burglary squad. He matches the description given by the last witness Mr. Mitchell around 3:00pm near the time of the offense. Being asked by Detective Johnson, Mr. Mitchell remembers everything. He remembers the physical description and the vehicle description. He’s more than the last witness, he’s a concern neighbor. Once detective Johnson arrives to the burglary squad, he recognizes the fresh cut on the suspect’s hand, and with an insured look, he knows it’s him. Expressly, Officer Butler will conduct a warrantless legal search while notifying any watchers to remind nears their home,...
Words: 696 - Pages: 3
...Essay: True Detective True Detective is an extraordinary TV series, written by Nic Pizzolatto, about two Louisiana State Police detectives investigating a series of ritualistic murders. Pizzolatto has created a series beyond brilliant. The amazing structure, impeccable writing, marvelous acting, and frame story have made True Detective an immediate classic. At the end of each episode you will be on the edge of your seat craving another hour. True Detective is based on two investigators, one of them is a typical overconfident investigator, Woody Harrleson, and the other is an intellectual, nihilistic man, Matthew McConaughey. This series alternates between 1995, when detectives Martin Hart (Harrelson) and Rust Cohle (McConaughey) start working a case together, and 2012, when the two detectives work a new case that has strong similarities to the case in 1995. State internal affairs detectives are interviewing both men separately and believe that Rust may have committed the old crime, new crime or both. Rust and Marty investigate a ritualistic murder in rural Louisiana. As they attempt to uncover leads in this disturbing case, their own lives intersect in fascinating, yet explosive ways. Though the investigation itself is interesting, the interpersonal behavior of the obsessive and frequently conflicting lead characters makes this drama seem so much fresher than all other criminal television series. The structure in this series is unique. In 2012, two detectives are interviewed...
Words: 1104 - Pages: 5
...was interrogated at the sheriff's office by police detectives thought the late afternoon and evening of September 6 and the early morning of September 7. On September 10, Montejo was brought before a judge for what is known in Louisiana as a "72-hour hearing" a preliminary hearing required under state law. Letter that same day, two police detectives visited Montejo back at the prison and requested the accompany them on an excursion to location to the murder weapon (which Montejo had earlier indicated he had thrown into a lake). He was again read his Miranda rights and agreed to go along. While in the police car, he wrote an inculpatory letter of apology to the victim's wife. Only upon their return did Montejo finally meet his court appointed attorney, who was quite upset that the detectives had interrogated his client in his absence. III. Case History At trial, Montejo's letter of apology was introduced into evidence by State of Louisiana, over defense counsel's objective. The jury convicted Montejo of first-degree murder and he was sentence to death. The Louisiana Supreme Court affirmed his conviction, concluding the since Montejo has never formally invoked his rights to counsel officers where not prohibited from further interrogation outside the presence of counsel. IV. Legal Issues May a criminal defendant that has never personally and formally invoked his right to consul be questioned by police officer or detective after waiving his rights to consul, consistent with...
Words: 321 - Pages: 2
...8 hrs. - Fire service, they will continue to make sure that all fires are kept out. They may start to clear the debris away from where plane has hit. They will have one last look for trapped casualties and those casualties may either be in the plane or buildings that the plane may have hit. Ambulance, they make sure that all casualties have been dealt with either on the scene of the incident or at hospital. They will start to collect their equipment at the incident and they will also start to reduce the numbers of personnel and vehicles at the scene of the incident. They do this so that they can be used elsewhere. They will start to take the triage down also as it may be needed at the next big incident. Police, the police will continue to patrol the area so that opportunist thieves don’t try and loot damaged houses and shops. They will continue to make sure everything is kept in order. They will prepare the roads ready for opening when the recovery phase starts. They will continue to make sure that only the right people with have access to incident site as it prevents evidence from be tampered. This allows investigation teams to be able to identify clues more easily. Police will also appoint senior investigators. Fire service, they would help to move heavy debris away from the incident Ambulance Police, with the highways agency they would start opening roads so that cars, buses and other vehicles can start to get to where they...
Words: 381 - Pages: 2
...speed chase, if the driver decides not to stop. When this happens, the officer is going to begin the chase, because he does not know whether the driver has committed some terrible crime, like robbery or, if he is a dangerous drug dealer, or perhaps a wanted sex offender. You never know when a high speed pursuit will start. They can sometimes start in a local area and continue into another jurisdiction. Although these chases are dangerous, neither the driver nor the police know what might be ahead of them. Although police chases are dangerous, police who allows suspects to flee run the risk that offenders will do even greater harm to citizens, says Michael Crivello, president of the Milwaukee Police Association and a city police detective. “They’re fleeing because they may be wanted for sexual assaults, shootings, homicides,” he says. “there are pursuits that are successfully concluded all the time, but you never hear about those.” Milwaukee changed its policy on pursuits last month after four people were killed by drivers fleeing police in three separate incidents in a two-month period. Police there now must have probable cause that a violent felony has occurred instead of reasonable suspicion before initiating a chase. Who do you blame when such dangerous chases end up taking the lives of innocent bystanders. The driver, nor the police wouldn’t know, what effect this action could cost a community, when the life of someone who is well known, not only locally, but...
Words: 746 - Pages: 3
...is no need to arm the police in the article ‘Guns and police do not mix’. This essay will evaluate several main ideas in both of these articles. Firstly, Public points out that arming the police does help protect people. When citizens see police who are carrying weapons, they probably feel safer. Nevertheless, Wright believes that there will be an increase in the amount of weapon usage on duty if police are armed. As a result, police may not use less dangerous ways to catch criminals. Secondly, Public mentions that police needs to have weapons to protect themselves. They mainly use them as a tool to defend rather than to injure criminals. Conversely, Wright emphasizes that it is possible to neglect some fundamental issues of society, so detective work and policing strategies need to be concerned about more than arming the police. Discussion: In these two articles, there is a contradiction between the authors’ ideas. While Public seems to fail to argue the idea about the protection for citizens, the point about police’s self-defense may be persuasive. However, Wright’s explanation about the increase in using weapons is unconvincing while there may be success in the point about the ignorance of society’s failures. Firstly, Public’s claim about protecting law-abiding citizens may be unconvincing. According to the author, people may have safer feeling when seeing police having weapons. Nevertheless, this can not be applied in all situations because arming the police can help raise...
Words: 980 - Pages: 4
...the police academy and his first assignment where he is partnered with a cop who willingly admitted that he accepted free food and looked the other way for minor infractions such as double parking. This scene becomes important as we begin to realize that, even though this I minor, there is a level of acceptable corruption within the New Your City police force and the Frank was not a willing participant in it at all. The next time we see Frank, he is responding to a possible rape call which he and his partner break-up and arrest one of the suspects. The lead detective, I assume, later beats the suspect and Seprico seems reluctant to want to participate in. Once the suspect is being taken to prison Seprico talks him into giving up the names of the other two assailants, Frank calls for assistance, receives none and makes the arrests himself. Once he gets the suspects back to the police station, he is bullied by the detectives to give the credit for the arrest. He relinquishes the arrest but here you can see that he is interested in getting promoted fast. We now cut to a few different scenes involving hes love life, family and living arrangements that, in my opinion, took away from the story a bit. Especially the scene where he is with the dancer at a night club and wanting people to call him Paco. The part about another name wasn't really...
Words: 1244 - Pages: 5
...They gather facts and collect evidence in order to protect the people from further harm. Their job results in physically demanding, stressful, and dangerous everyday tasks. In fact, police detectives are some of the smartest people out there. The job outlook is 5%, which is slower than average. A police detective requires a high school education, lots of training, and a good sense of judgment. For one thing, becoming a police detective takes lots of rigorous training and just like any other career, an education. The education requirements consist of a high school degree; usually a police department will prefer a college education and sometimes even require it. Something that is a great addition to the education requirements is the knowledge of a foreign...
Words: 648 - Pages: 3
...Organizational Behavior in Police Departments Organizational Behavior in Police Departments The study of the behavior of humans in an organization is called organizational behavior (Schermerhorn, Hunt, Osborn, & Uhl-Blen, 2010). Organizational behavior is a discipline that attempts to understand group and individual behavior, organizational dynamics, and interpersonal processes in an effort to improve the performance of the people in an organization and the organization itself. In a police department, organizational behavior can benefit by becoming critical for management to succeed in meeting the organizations goals. To understand the complex forces that make up human behavior in organizations, the nature of the organization must be reviewed first. An organization is described as a group of people working together to achieve a common goal or purpose. In the police department, the core purpose is to serve and protect. Many police departments have evolved from past generations of officers, and many departments are influenced by the local history and cultures. Three other influences effect the police agencies and the organization, the size of the department, the technology available, and environmental factors. In a large police department, information management, and direction need more organization to be maintained. The technology in a police department is also important in the matter of archiving information and how it is managed...
Words: 654 - Pages: 3
...Chapter Four “You feel like shooting some hoops?” Said Officer Thompson to Detective Carpenter as he was pretending to shoot a jumpshot from his seat in front of the detectives desk. “I think we need to take a little break.” “You know, tired minds don’t think to well.” He continued. As he was now tucking in his shirt upon rising from his chair. Officer Thompson was a pretty good former N.B.A. reserve player. Having played for the Philadelphia 76ers before injuring his knee in his rookie season. Second team All-American out of Temple University. 6-6 and only 28. He was still a formidable opponent between the blocks. And nobody wanted to play H.O.R.S.E with him either. Hardly anybody could match his dunks. “Yea.” “Maybe you’re right.” “Not for too long though.” “This fucker ain’t resting to much so we can’t afford to either.” Responded the detective. He was tapping on the desk with his pencil while looking at the list of victims. They had been in the office since early this morning working on the case and had been going over several stacks of paper concerning the victims and all of the new data seemed to be a bit over whelming by now. At this point, they were yet unawares of the latest victim, the girl in Florida had not yet been found. Charlie had pulled her into the bushes and covered her up with a stack of delivery pallets he had found nearby. “I keep thinking about number 29.” Said the detective. “You mean the pizza delivery guy?” “Yea.” “You know, I don’t think he even planned...
Words: 493 - Pages: 2
