Mark and Spencer vs John Lewis Partnership Contents Introduction 2 Mark and Spencer: 2 Competitors: 3 John Lewis Partnership 4 Factors affecting financial Performance: 5 Analysis of Data Available 6 Revenue and Growth: 6 Profitability Ratios: 6 Gross Profit: 7 ROCE: 7 Net Profit Margin 8 Net Asset Turnover 8 EBITDA/Capital employed 9 Activity Ratios 9 Debtor days 9 Creditor days 10 Stock days 10 Cash Conversation Cycle 11 Sales/net current assets 12 Liquidity ratios 13 Current
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University of Aberdeen Examination for the Degree of MA AC1009: Accounting and Accountability Wednesday 26 January 2011, 15.00 – 17.00, Games Hall, Butchart Centre Session 2010-2011 Rubric: Answer all questions from SECTION A, and two from the SECTION B. SECTION A (Answer all questions from this section) Question 1 (20 sub questions 2 marks each, total 40 marks) Select the correct answer (only one choice is correct) 1.1 The main purpose of a _______________ is to generate surpluses and
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phenomenal growth was occurring through their other interests. Fortune Magazine selected Enron as "America's most innovative company" for six straight years from 1996 to 2001. Then came the investigations into their complex network of off-shore partnerships and accounting practices The saga of the ENRON Corporation has been unfolding in the media for well over a year. In the span of only three years, ENRON has gone from public and professional acclaim of the company and its senior executives to scorn,
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by 4pm (submit to your tutor) 1. The accounting process involves all of the following except: A. identifying economic transactions that are relevant to the business. B. communicating financial information to users by preparing financial reports. C. recording nonquantifiable economic events. D. analyzing and interpreting financial reports. 2. Which of the following would not be considered an external user of accounting data for the XYZ Company? A. Banks
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was a vice president at Enron. At the time she had been employed there eight years. It was at this time she was given the task of finding some assets to sell off. Watkins was quite possibly the first person to become concerned by Enron’s shoddy accounting practices. What she found was that many of Enron’s transactions were unclear at best, and most of them appeared to be backed only by their deflating stock. Concerned about what she saw she took her concerns to Mr. Ken Lay. Lay assured her that
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ADMASS UNIVERSITY Principles of Accounting I CH-1 Part I. Evolution of Accounting Accounting is an old and time –honored discipline .History indicates that all developed societies require certain accounting records. Record keeping is an accounting sense is thought to have begun about 4000 B.C. The record keeping, control & verification problems of the ancient world had many characteristics similar to those we encounter today. For example, ancient government also kept records of receipts
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monetary resources of an organization. Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance 2. There are three basic forms of business ownership, namely the sole proprietorship, the partnership and the corporation. ADVANTAGES OF SOLE PROPRIETORSHIPS: Ease of starting and ending the business, Being your own boss, Pride of ownership. Leaving a legacy Retention of company profits. No special taxes. DISADVANTAGES
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pros and cons of the partnership as a form of ownership. Owning your own business can be a very rewarding and lucrative experience. This experience even though rewarding can come at a tremendous cost of personal time and personal financial investment. Enlisting the efforts and finances of a partner can aide in successfulness of the business while sharing the financial burden and the responsibilities in starting and operating the business. With the right partnership relationship the businesses
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of the time period assumption. A. | True | B. | False | | 2. | Which of the following time periods would not be referred to as an interim period? A. | Monthly | B. | Annually | C. | Semi-annually | D. | Quarterly | | 3. | An accounting time period that is one year in length is referred to as A. | a reporting period. | B. | a fiscal year. | C. | an interim period. | D. | a distressed year. | | | | 4. | The time period assumption states that A. | companies must wait
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ACT325_mod1 xxxxxxxxxx ACT 325 – Principles of Financial Accounting II October 4, 2015 ACT325_mod1 | | | | | | | | | | Date | | Account Titles and Explanation | P. R. | Debit | Credit | a. | | Other Assets - Starting balance | | | 106,000 | | | | | Sale of Other Assets | | | | 85,000 | | | | | Balance Remaining; Loss | | 21,000 | | | | | | | | | | | | | | $21,000 divided by total of all ratios
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