Inter Company Analysis Britannia can be compared with its competitor on the basis of various ratios as mentioned below Current Ratio Britannia has a current ratio of 1.054 in comparison to HUL which has a current ratio of of 0.79.The high current ratio mainly is because of a more than proportionate increase of the Current Assets when compared to the Current Liabilities. Debt Equity Ratio There is a stark comparison between the two companies in terms of funding. While HUL funds its
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Badges of trade In 1955, the raoyal commission on taxation (uk), provided six indicator or badges of trading. If we could pin anyone or more of these badges to a particular transaction then we could estalisj the existence of business/trade. Let us consider the six badges identified by the royal commission: a. The subject matter of realization The nature of the asset that is dealt with may indicate the fact that there is trading. If an asset that is acquired does not yield to the owner income,
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the Fed's $600 billion bond-buying program. ET, 8 Dec 2010 Angela Merkel rebuffs IMF call to raise euro zone fund German Chancellor Angela Merkel rebuffed IMF call on Monday for a bigger euro zone financial safety net or joint euro bonds, as finance ministers of European Union appeared split on how to stem the 16-nation currency area's debt crisis. Yahoo News, 8 Dec 2010 YES Bank in strategic partnership with National Collateral Management Services Limited YES Bank, India's new age private
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According to the datas that I have gathered, there are many types of regulations such as Conventions , Tax law , Inflation Theory , External Environment and Culture , The Role of Government . Accountancy is a profession, as described above, and its members and its professional institutes have the obligations outlined. Members of the accountancy profession contribute to their communities in a wide variety of different roles, and within a range of different organizations.Every profession is
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Massive Aggregate Transmission and Commercial (AT&C) losses have long crippled the financial viability of State Distribution Companies (SDCs). To address this problem a targeted funding mechanism was introduced for the first time in 2003 in the form of the Accelerated Power Development Reforms Programme (APDRP). Its key objectives were to reduce AT&C losses, improve customer satisfaction as well as financial viability of the SDCs, adopt a systems approach and introduce greater transparency. Unfortunately
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Memorandum To: Accounting Manager From: Matthew Montag (CPA) Date: 6/6/2011 Re: Resignation of CFO and SEC Investigation As you are aware, Martin McCord has resigned unexpectedly from the Newman Equity Group. The U.S. Securities and Exchange Commission (SEC), requested documentation to initiate an investigation of company accounting practices. CFO Resignation and SEC Investigation Due to this investigation, Newman Equity Group
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Nike Kim Ford is a portfolio manager for the NorthPoint Group and she is assessing whether to buy shares of Nike stock for her NorthPoint Large Cap Fund. Ms. Ford has asked her assistant, Joanna Cohen, to estimate Nike’s cost of capital so Ms. Ford could make an informative decision whether to buy Nike shares for her Fund. I will analyze Ms. Cohen’s methodologies and results of Nike’s cost of capital. Ms. Cohen used the book value for debt and equity when she should have used the market value
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and department direction are often responsible for financial management. Accounting Concepts Financial management is the management of an organization’s finances. The goal of financial management is to maximize the wealth or profit of an organization and to achieve its other goals. Financial management includes accounting and finance. Accounting is the management of an organization’s financial information. Accounting includes financial and managerial accounting. Financial accounting
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October 31, 2010 Problem 18-11 A. Capital Budget = $10,000,000; Capital structure = 60% equity, 40% debt Retained Earnings Needed = $10,000,000 (0.6) = $6,000,000 B. Residual Dividends = Net Income - Retained earnings needed to finance new investment $8,000,000 - $6,000,000 = $2,000,000 DPS = $2,000,000/1,000,000 = $2.00 Payout ratio = $2,000,000/$8,000,000 = 25% C. R/E Available = $8,000,000 - $3.00 (1,000,000) R/E Available = $8,000,000 - $3,000,000
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Running Head: Defining Financial Terms Defining Financial Terms University of Phoenix, SF Campus Michael Charley FIN 370 – Finance for Business December 8, 2010 Instructor: Deepak A. Patel Finance is to apply for a credit loan to finance a home, car, and business, from a Bank when funds are needed for this type of huge purchase * Efficient market- Profit driven individuals that act on their own; where all assets, securities reflect any and all available public information at any
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