change on the non-current asset side of the organization apart from the decrease in Property, Plant and equipment & increase in deferred tax assets. A part of the Property, Plant and equipment has been either depreciated or sold leading to a negative variance of 2.2%. The reserve for deferred tax has been increased by 0.5%. Goodwill, other intangible assets and other non-current have been stable. Total non-current assets have decreased by 1.6%. The current assets have shown a positive variance
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FASB 144 Impairment of Assets Assets held for use Includes land, building, equipment, natural resources, and intangible assets FASB 147 specifies that intangibles from the banking industry are covered by FASB 144 rules: Long-term customer relationship assets such as Depositor-relationships intangible assets Borrower-relationships intangible assets Credit card holder Intangible assets When should impairment
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and profitability of a business, sub-business or project. It is performed by professionals who prepare reports using ratios that make use of information taken from financial statements and other reports. These reports are usually presented to top management as one of their bases in making business decision. The present paper explains in detail the analysis of financial statements of Ranbaxy ltd. It provides insights into two widely used financial tools, ratio analysis and common size statements analysis
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analyse variances from budgeted and actual figures, offering suggestions for appropriate future management action………………….…………. 15 4.0 Analyse business performance by the application of ratios………………….………… 16 5.9 calculate and analyse all ratios to offer a consistent interpretation of historical business performance……….……………………………….………….. 16 5.10 recommend appropriate future management strategies for a given business and services operation….……………………………………….………….. 21 5.0 Apply
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Task 1 Part A SOLE PROPRIETORSHIP: • LIABILITY –From a legal point of view there is no distinction between the assets of the business owner and the business itself. Business assets can be used to pay personal debts and personal assets can be used to pay business debts as sole proprietorships are subject to unlimited liability. • INCOME TAXES – All income generated through sole proprietorships is considered ordinary personal income tax to the owner and is subject to the highest
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and where there is no legal distinction between the owner and the business. All profits and all losses accrue to the owner (subject to taxation specific to the business). All assets of the business are owned by the proprietor and all debts of the business are the proprietors'. This means that the owner has no lesser liability than if he was acting as individual instead of a business. It is a "sole" proprietorship in contrast with partnerships. A sole proprietor may do business with a trade name other
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excellent customer service and attention (Kerzner, 2013). The sales for the Luxury Homes projected in year one will have a moderate growth by year 3. Stakeholders for the Project The Luxury Homes Real Estate Company will be created as a Limited Liability Corporation owned by its principal investors, Bradley Williams, Diana Smith and Nathan Scott. Bradley Williams will be the acting CEO and hold a 30% stake in the company. Diana Smith will be the interim CFO holding 30% shares of the enterprise as
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are expected to grow constantly. Objectives The study aims at analyzing the working capital management of FMCG (fast moving consumer goods) Sector in India. The main objectives are: To analyze the working capital trends in FMCG sector; To discover the relative importance of various current assets components; To draw conclusion on the effectiveness of working capital management; To study: How the companies handle debtors how they handle inventories How they
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East Coast Yachts Financial Ratios | Current Ratio | 0.75 times | Quick Ratio | 0.43 times | Total Assets Turnover | 1.54 times | Inventory Turnover | 19.22 times | Receivables Turnover | 30.77 times | Debt Ratio | 0.49 times | Debt-Equity Ratio | 0.96 times | Equity Multiplier | 1.96 times | Interest Coverage | 7.96 % | Profit Margin | 7.51 % | Return on Assets | 11.57% | Return on Equity | 22.7% | 2. Performance of ECY to the industry as a whole. Financial Ratios
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1. List and describe the four basic financial statements included in a corporate annual report. The balance sheet shows the financial position—assets, liabilities, and stockholders' equity—of the firm on a particular date, such as the end of a quarter or a year. The income statement presents the results of operations—revenues, expenses, net profit or loss and net profit or loss per share—for the accounting period. The statement of shareholders' equity reconciles the beginning and ending balances
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