...Price | ROE | DPS | P/E | NP | 2000.0 | 431.5 | 11.34 | 30.0 | 5.34 | 37.56 | 2001.0 | 615.25 | 17.43 | 40.0 | 4.12 | 67.23 | 2002.0 | 650.0 | 16.25 | 50.0 | 4.16 | 72.56 | 2003.0 | 1261.0 | 22.57 | 70.0 | 5.55 | 105.56 | 2004.0 | 3200.0 | 25.0 | 70.0 | 12.27 | 145.59 | 2005.0 | 3000.0 | 26.0 | 70.0 | 10.43 | 192.57 | 2006.0 | 3099.25 | 24.65 | 70.0 | 23.14 | 242.13 | 2007.0 | 7491.25 | 26.29 | 70.0 | 40.31 | 358.02 | 2008.0 | 7789.25 | 26.06 | 75.0 | 32.5 | 438.67 | 2009.0 | 12051.5 | 27.34 | 85.0 | 36.09 | 594.48 | Where market price is dependent variable and ROE, DPS, P/E, and NP are independent variable. Model Summaryb | Model | R | R Square | Adjusted R Square | Std. Error of the Estimate | Change Statistics | Durbin-Watson | | | | | | R Square Change | F Change | df1 | df2 | Sig. F Change | | 1 | .987a | .974 | .954 | 840.25403 | .974 | 47.163 | 4 | 5 | .000 | 2.660 | a. Predictors: (Constant), NP, ROE, PE, DPS | | | | | | | b. Dependent Variable: Market | | | | | | | | INTERPRETATION OF THE COEFFICIENT OF MULTIPLE DETERMINATIONS (R2) The model summary shows some important indicators of the explaining power of the model. The R-square value shows the percent of variation in the dependent variable is explained by the set of independent variables. In this case, r-square value of .974 or 97.4% means that the independent variables (return on equity, dividend per share, price earnings ratio, and net income) explain 97...
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...www.readingsandlearnings.wordpress.com Balance Sheet – snapshot at certain time Income Statement – how company performs during a time period: 1st, 2nd quarters, monthly, yearly… * 1. Revenue * 2. Profit * 3. Costs Pro-Forma – predictions, future, what if statement Common-Size - % statement vs numbers * Compare year to year and versus competitors EBITDA – cash flow Junk Bond – high yield bond (risky) Depreciation – non cash item Ratios (LLAPS) Liquidity = CA/CL Leverage = TD/TE Activity = TS/TA (retail industry) (TAT) Profit = NP/NS, ROA = NP/ASSETS, ROE = NP/EQUITY (investors look at ROE the most) Shareholder = Div + (Share P end – Share P beg) PE Ratio = Stock Price/Proj. NI EBITDA = NI(profit) + Dep. + Taxes ***be able to produce a highly leveraged balance sheet 6—7 ratio (lev) and 1—2 ratio (liq) * Board of Directors * Chairman of the Board * CEO * President * V.P’s of Depts. (functional) * Employees Corporate Strategy * strategy of company as a whole * CEO and Chairman develop strategy and direction * Long range strategy Functional Area Strategy * Short range strategy – change anytime * i.e. * lower prices, reduce production costs, finance the growth of company 1st step of strategy is planning Ultimate objective of a strategy is to develop a sustainable competitive advantage! * Activities tailored to your company Operational Effectiveness...
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...Financial Accounting and Reporting Royal Dutch Shell For the purpose of this paper Royal Dutch Shell a British petroleum company was selected, the company is registered in the UK and operating business in the energy sectors worldwide, it is one of the public limited company (PLC) and actively operating in the London Stock Exchange. Task .1 You are required to identify eight (8) user groups and obtain the latest published income Statement and Balance Sheet for a company listed on the London Stock Market. Discuss critically the user group and the purposes for which they use the financial statements. Use of financial statement by different stakeholders (Fridson & Alvarez, 2011). 1. Management: Financial statement is very essential for the company management because it provide all the financial information they need for the management of their business, like business planning, business expansion tracking of different income and expenditure. It also helps them to be transparent during the management of the company, in the Shell the management always focus on proper financial statements. 2. Lenders: Lenders always invest when they think it is safe for them to invest, for this decision they depends on the financial statement of the company. If they find company has liabilities higher than their assets then lenders may not invest, it is not only the liabilities they consider for investment they may use other elements from the financial statements, how much profit...
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...With a population on the rise in rural areas and not enough physicians to care for our growing population the Advanced Practice Nurse (APN) is the answer. Almost 25 years ago, an analysis by the Office of Technology Assessment (OTA) indicated that NPs could safely and effectively provide more than 90 percent of pediatric primary care services and 75 percent of general primary care services, while CRNAs could provide 65 percent of anesthesia services. OTA concluded further that CNMs could be 98 percent as productive as obstetricians in providing maternity services (Office of Technology Assessment, 1986). Previous analysis has provided to be accurate in hypothesis and gives insight to increasing needs in the United States of America. Increasing demands for quality health care are requiring that nurses resume education to provide what is necessary for our growth as a nation. Education Currently the president Barack Obama has a bill to reduce the amount of monthly student loan payments which might serve as incentive for nurses desiring to return to school. In June 2010 President Barack Obama addressed the House of Delegates of the American Nurses Association to announce “a number of investments to expand the primary care workforce.” These included increased funding for NP students and for nurse- and NP-run clinics—two important steps (The Future of Nursing LEADING CHANGE, ADVANCING HEALTH, 2011), the President made this statement in efforts to improve the quality of care for patients...
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...Pamperzhou Day Spa - Sample Plan This sample business plan was created using Business Plan Pro®business planning software published by Palo Alto Software. This plan may be edited using Business Plan Pro and is one of 500+ sample plans available from within the software. To learn more about Business Plan Pro and other planning products for small and medium sized businesses, visit us at www.paloalto.com. This is a sample business plan and the names, locations and numbers may have been changed, and substantial portions of the original plan text may have been omitted to preserve confidentiality and proprietary information. You are welcome to use this plan as a starting point to create your own, but you do not have permission to resell, reproduce, publish, distribute or even copy this plan as it exists here. Requests for reprints, academic use, and other dissemination of this sample plan should be emailed to the marketing department of Palo Alto Software at marketing@paloalto.com. For product information visit our Website: www.paloalto.com or call: 1-800-229-7526. Copyright © Palo Alto Software, Inc., 1995-2007. All rights reserved. Confidentiality Agreement The undersigned reader acknowledges that the information provided by _______________ in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of _______________. It is acknowledged by reader that information to be furnished in this business plan is in all respects...
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...Chapter 3 Analysis of Financial Statements ANSWERS TO END-OF-CHAPTER QUESTIONS 3-1 a. A liquidity ratio is a ratio that shows the relationship of a firm’s cash and other current assets to its current liabilities. The current ratio is found by dividing current assets by current liabilities. It indicates the extent to which current liabilities are covered by those assets expected to be converted to cash in the near future. The quick, or acid test, ratio is found by taking current assets less inventories and then dividing by current liabilities. b. Asset management ratios are a set of ratios which measure how effectively a firm is managing its assets. The inventory turnover ratio is sales divided by inventories. Days sales outstanding is used to appraise accounts receivable and indicates the length of time the firm must wait after making a sale before receiving cash. It is found by dividing receivables by average sales per day. The fixed assets turnover ratio measures how effectively the firm uses its plant and equipment. It is the ratio of sales to net fixed assets. Total assets turnover ratio measures the turnover of all the firm’s assets; it is calculated by dividing sales by total assets. c. Financial leverage ratios measure the use of debt financing. The debt ratio is the ratio of total debt to total assets, it measures the percentage of funds provided by creditors. The times-interest-earned ratio is determined by dividing earnings before interest and taxes by the interest...
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...FINANCIAL ANALYSIS OF WYETH PAKISTAN LIMITED By: OZAIR ARSHAD INDEX 1. Introduction 2. History and Profile 3. Key Activities of Wyeth 4. Wyeth Products Profile 5. Data Collection & Market Assessment 6. Main Competitors 7. Share Price in Last 12 Months 8. Shareholding Pattern 9. The Director’s Report 10.The Auditor’s Report 11.Financial Ratios & Analysis 12. Horizontal Analysis a) Income Statement b)Balance Sheet 13. Vertical Analysis a)Balance Sheet b) Income Statement 14. Financial Analysis & Conclusions i) Gross Profit Margin ii) Net Profit Margin iii) Return on Assets iv) DPS & EPS 15. Annexure 16. References 1. Introduction Wyeth, formerly one of the companies owned by American Home Products Corporation (AHP), is a pharmaceutical company The company was based in Madison, New Jersey, USA. They were known for manufacturing the over-the-counter (OTC) drugs Robitussin and the analgesic Advil (ibuprofen), as well as the prescription drugs Premarin and Effexor, which both boast over US$3 billion in sales annually. Wyeth has multiple subsidiaries in different countries of the world its Pakistan branch is known as Wyeth Pakistan Limited. This is a public limited company incorporated in 1949 in Pakistan. The company is listed on the Karachi and Lahore Stock exchange. The company is engaged in manufacturing and marketing of research based ethical specialties and other pharmaceutical products. 2. History & Profile Late 18th Century In 1860, pharmacists John (1834–1907)...
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...Chapter 3 Analysis of Financial Statements ANSWERS TO END-OF-CHAPTER QUESTIONS 3-1 a. A liquidity ratio is a ratio that shows the relationship of a firm’s cash and other current assets to its current liabilities. The current ratio is found by dividing current assets by current liabilities. It indicates the extent to which current liabilities are covered by those assets expected to be converted to cash in the near future. The quick, or acid test, ratio is found by taking current assets less inventories and then dividing by current liabilities. b. Asset management ratios are a set of ratios that measure how effectively a firm is managing its assets. The inventory turnover ratio is sales divided by inventories. Days sales outstanding is used to appraise accounts receivable and indicates the length of time the firm must wait after making a sale before receiving cash. It is found by dividing receivables by average sales per day. The fixed assets turnover ratio measures how effectively the firm uses its plant and equipment. It is the ratio of sales to net fixed assets. Total assets turnover ratio measures the turnover of all the firm’s assets; it is calculated by dividing sales by total assets. c. Financial leverage ratios measure the use of debt financing. The debt ratio is the ratio of total liabilities to total assets, it measures the percentage of funds provided by nonequity holders. The times-interest-earned ratio is determined by dividing earnings before...
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...Design and Analysis of Exponential Algorithm Arshi Aftab, Shikha Mahajan and Shruti Jajoo Abstract: In this paper we first see how NP problems can be categorized and look at some examples. We then analyze the subset sum problem and prove its NP completeness. We look at various algorithms used to solve the problem and the efficiency of each algorithm. Hence we prove that subset sum problem is NP complete. Keywords: NP complete, NP hard, complexity, subset sum, exponential I. Introduction In the study of computation complexity of problems, we find out the resources required during computation like time, memory and space required. We check if the problem can be solved in polynomial time by some algorithm. An algorithm is said to be solved in polynomial time if its worst case efficiency belongs to O (p (n)) where p (n) is the polynomial of the problems input size. Problems that can be solved in polynomial time are called tractable and those that cannot be solved in polynomial time are intractable. The formal definition of NP problem is as follows: A problem is said to be Non-deterministically Polynomial (NP) if we can find a nondeterministic Turing machine that can solve the problem in a polynomial number of nondeterministic moves. Equivalent definition of NP problem: A problem is said to be NP if 1. its solution comes from a finite set of possibilities, and 2. It takes polynomial time to verify the correctness of a possible solution. NP-complete problems NP-complete...
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...We're committed to providing 100% plagiarism free academic assignments i.e. Course work, Homework assignments, thesis, dissertations, Oxford Brookes (OBU) BSC Hons Applied Accounting ACCA Thesis (RAP, SLS, PPT), Essays and Term/Research papers etc. Pay in instalments and that too after you receive the first draft. Please visit and like our Facebook page www.facebook.com/assignmentwritingservices/ and website www.ghostwritingmania.com to avail our special discount packages. You can also add me on Skype ghostwritingmania or email me ghostwritingmania@yahoo.com for any further discussion...Looking forward to working together on long term. Project Objectives and Research Approach: The topic I selected for my BSc RAP is ‘The Business and Financial Performance of an Organization over a three year period.’ Reasons for choosing the Topic: For any organization to breath it is essential that it copes with environment through its strengths and strategies and manages finance effectively. An organization’s Business & Financial performance plays a leading role in deciding its position in the industry. That’s why I chose this topic as it is even more important to know an organization’s performance during a Global Economic meltdown when markets have been declining. Even more, this has been the major part of my studies and I had a chance to enhance my knowledge and develop practical skills in the area. Reasons for choosing the Industry: I chose automobile industry as it is a major...
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...Task 1: (a) Outline the roles that budgets traditionally play in organizations. Every organization needs a budget and cannot progress or meet its financial goals without budgeting. Budgeting is the most important activity in a business, it gives direction and helps reach the targets easily. Budget is a plan – quantified in monetary terms – which covers income, expenditure and capital investment and prepared prior to a defined period of time. It is always for the future. The time for which prepared is certain (6 months / 1 year / 3 years). Prepared in quantitative details. Reflects well-defined objectives and roles in organizations. The roles that budgets traditionally play in organizations are as follows: 1. To ensure the achievement of the organization’s objectives. Targets may be set for individual departments and organization as a whole to be achieved within the timescale of the budget plan. 2. To compel planning and decision-making. Planning makes management to look in future, to make decisions, to prepare detailed plans for attaining the targets, to foresee problems and give the organization direction. 3. To communicate ideas and plans. Each person affected by the plans should be aware of what he or she is supposed to be doing. Hence one-way or two-way communication is necessary in each level of organization. 4. To co-ordinate activities. It is important to co-coordinate all the activities of different departments of organization in order to ensure maximum...
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...of the profitability of firms in the Non Banking Financial Institution (NBFIs) industry of Bangladesh. Financial Performance of a financial institution basically depends on its some key financial determinants. Specially operating efficiency is main influencing factor which is calculated through operating income. Besides it capital Structure composite of equity and liability, operating expense, total asset significantly affect the profitability of any NBFI company. In addition term deposit also affects the profitability though that is statistically not significant. Different Statistical techniques such as correlation matrix, multiple regressions have been used to determine the relationships between variables. And before doing regression analysis normality distribution test by Run test, and K-W test for randomness has been done. The research is an attempt to find out the statistically significant key determinants variable and their level of influence over net profit. Key words: Determinants, Non Banking Financial Institution (NBFIs), Financial Performance, Capital Structure, 1.00...
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... The following table presents the ratio analysis for City of Charlottesville for the financial years 2005 and 2006. There are seven ratios which were computed based on the financial data provided in Table 9.7 and Table 9.8 and the spreadsheet titled “Budget Tools 09 Exercises.” The ratios fall under three major categories which include the measures of liquidity, long-term solvency, and asset management ratios. City of Charlottesville | Financial Analysis | | | FY 2005 | FY 2006 | 1. Current ratio | Current Assets/Current Liabilities | | 4.30 | 5.77 | | 2. Working Capital | Current Assets-Current Liabilities | | 37,683,388.00 | 46,774,060.00 | | 3. Quick ratio | Quick Assets/Current Liabilities | | 4.30 | 5.77 | | 4. Debt-to-asset ratio | Total Liabilities/Total Assets | | 0.55 | 0.57 | | 5. Days payable ratio | All accounts payable*365 days/NPS Expenses | | 99.09 | 74.76 | | 6. Profit Margin Ratio | Surplus/Revenue | | -0.10 | -0.01 | | 7. Common Size Ratio | Line item amount/total amount | | | | | | General Fund | 46,712,426.00 | 68.1% | 59,241,158.00 | 76.6% | | Capital Projects Fund | 10,567,854.00 | 15.4% | 8,407,672.00 | 10.9% | | Social Services Fund | 897,285.00 | 1.3% | 866,126.00 | 1.1% | | Other Government Fund | 10,461,791.00 | 15.2% | 8,820,278.00 | 11.4% | | Total | 68,639,356.00 | 100.0% | 77,335,234.00 | 100.0% | The liquidity ratios describe financial metrics used to determine...
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...AMALGAMATED TELECOM HOLDINGS LIMITED AND SUBSIDIARY COMPANIES 2nd Floor Harbour Front Rodwell Road | Suva | Fiji Islands +679 330 8700 +679 330 8044 | AMALGAMATED TELECOM HOLDINGS LIMITED AND SUBSIDIARY COMPANIES 2nd Floor Harbour Front Rodwell Road | Suva | Fiji Islands +679 330 8700 +679 330 8044 | 1.0 EXECUTIVE SUMMARY Trends and ratios calculated for the historical years 2006-2010 has been fluctuating, indicating effects of elements such as global recession, devaluation of currency, political situation, slow economic growth and competition. A thorough analysis was done on the internal and external factors and duly taken into consideration when forecasting numbers for 2011 - 2015. For comparison, a sensitivity analysis is carried out to show the company performances during good times and bad times. Telstra Corporation Limited is taken as a benchmark due to its huge success in Australia. The trends show very positive results indicating management efficiency, asset efficiency and operations efficiency. ATH beta was calculated against the STRI values of the market and ATH. This was then used to determine WACC of the company. Beta was found to be 0.6 indicating ATH’s lower risk portfolio compared to the market. Required rate of return was calculated to be 9%. A discount factor of 7% was obtained, as the company has about 1:1 debt to equity funding. Some strategies used to arrive at forecast numbers...
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...Guy Hachey. Lofty goals but from the examination of the current data, Bombardier may be close to achieving this objective. a. The Current Ratio is 2. b. The Debt Ratio is 45.38. c. The Return on Investment is 10.06% The statements show an increase in net revenue from $707 to $769 in a time when the global economy is experiencing a down turn. Dassault’s business Objectives are stated as expansion through acquisition. “At the top line, total revenue of EUR410 million increased 29% in constant currencies. New licenses revenue was up 28% in constant currencies. The revenue dynamic was good in all three geographic regions. At the bottom-line earnings were up 47% demonstrating our operating leverage.” – Bernard Charles II. The Three Most Important Ratios for my companies are: d. The Current Ratio e. The Debt Ratio f. The Return on Investment III. Relevant Ratios and Comparison to Industry show. Ratio | Bombardier | Dassault | Industry | Analysis | The Current Ratio | 2 | 4.5 | 1 | Both of the companies being considered are above the industry average when it comes to current ratio. Bombardier is lower because of their aggressive expansion into alternative product lines. Regardless both companies have sufficient reserves to meet their current obligations. | The Debt Ratio | 45.38 | 70.20 | 48.5 | Bombardier is in line with the industry average. Dassault is almost twice the industry average but their expansion philosophy...
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