Introduction The Procter & Gamble Company was founded in 1837 by James Procter and William Gamble. The company started out manufacturing soap and built on innovation by 1890 the company was selling more six different kinds of soap (PG, 2006). As we know the rest is history the company was later incorporated in 1905 and sells their consumer products in more than 180 countries and has operations in approximately 70 countries. The Procter and Gamble Company has more than 100,000 employees domestic
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* A distinction often is made between operating and nonoperating income. * OPERATING INCOME includes revenues and expenses directly related to the primary revenue-generating activities of the company. * NOPERATING INCOME relates to peripheral or incidental activities of the company. (like selling investments and interest expense in nonoperating income) Earnings quality * The presentation of the components of net income and the related supplemental disclosures provide
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industry norm value of current ratio is 2:1. However it does not mean so that higher current ratio means good company profile. It may signify higher unused cash, inventory which again may result in inventory carrying cost. In both the years the Current ratio for Tata Steel is same. However it does not mean any increase or decrease in current ratio of any company gives the growth profile of the company. P a g e | 3 (B) Quick Ratio:- This ratio is calculated on pre assumption that all the current
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The beginning inventory of merchandise at Waldo Company and data on purchases and sales for a three-month period are as follows: Date | Transaction | No. of units | Per Unit | Total | March 3 | Inventory | 60 | $ 1,500 | $ 90,000 | March 8 | Purchase | 120 | 1,800 | 216,000 | March 11 | Sale | 80 | 5,000 | 400,000 | March 30 | Sale | 50 | 5,000 | 250,000 | April 8 | Purchase | 100 | 2,000 | 200,000 | April 10 | Sale | 60 | 5,000 | 300,000 | April 19 | Sale | 30
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System If item A was purchased for $500, it sells for $500 2. Weighted Average Cost Total Cost/total items (bought 5 @ 200=1,000) 5 @ 250=1,250 Add 5+5=10 Add 1,000+1,250=2250 Divide 2250 by 10 = average cost of $225/item 3. First-in, First-out (FIFO) Ex. Perishable items: Dairy
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Financial Analysis Name Institution Generac Power Systems 1. For the Generac Company, the most important ratio pertains to be the gross profit margin (Generac Power Systems, n.d.). This is because only a 20% increase in sales would lead to the overall profit being increased, the increase in the gross margin being 57.3%. 2. The possible change that would attain increased sales would be lower costs, improved designs and a diversified product range (Kern, Ruehlow & Wu, 2003).
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804746 | | | AnalysisCurrent ratio is used to analyze liquidity position of the company; it shows how many times current liabilities are covered by current assets. The standard current ratio is 2:1, and comparing to this current ratio of Eu Yan Sang International Ltd. is lesser in both the years therefore it can be said that company is not able to maintain standard current ratio. However, the condition of company is not so worst and it is near around the standard one, but at the same time proportion
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equity. | | | | liabilities. | | | | assets. | | | | revenues. | | Instructor Explanation: | See Chapter 1, page 10. | | | | Points Received: | 3 of 3 | | Comments: | | | | 5. | Question : | (TCO C) Jamie Company recorded the following cash transactions for the year. Paid $70,000 for salaries Paid $20,000 to purchase
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March 1, 2010, Pechstein Construction Company contracted to construct a factory building for Fabrik Manufacturing Inc. for a total contract price of $8,400,000. The building was completed by October 31, 2012. The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Fabrik for 2010, 2011, and 2012 are given below. 2010 2011 2012 Contract costs incurred during the year $2,880,000 $2,230,000 $2,190,000 Estimated costs to complete the contract at 12/31 3
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contract are summarized below: 2011 2012 Costs incurred during the year $290,500 $120,000 Estimated additional costs to complete 124,500 — Cash collections 250,000 250,000 1. Calculate the gross profit that Riverton reports in 2012 under the percentage-of-completion method. a. $85,000 b. $59,500 c. $30,000 d. $130,000 2. (Refer to the data in question 1) The change in gross profit percentage under the percentage-of-completion
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