Comparison of ratios over a two-year period Research Paper

Comparison of ratios over a two-year period - Research Paper Example Besides, financial ratio analysis can also be used to assess the performance of different departments and managers and how their overall performance may have an impact on the performance of the whole firm. Sparklin Automotive Company is in business since 1990 and is supplying different automotive related parts across the whole country. In order to better assess its performance for the year 2005 and 2006, a comprehensive ratio analysis is important. This will provide a critical insight into areas such as liquidity management, overall asset management, the nature and extent of firm’s debt as well as assessing the profitability during these two years. Ratio Analysis Explanation Ratio analysis is the process of calculation and comparing the ratios which have been extracted from the different financial statements. By forming the historical trends, ratio analysis can actually provide an insight into the performance as well as charm in the company to perform in the long run based on the historical data. Ratio analysis is also important from the perspective of assessing the performance of the managers and understanding as to how the organization is performing. By computing financial ratios, a firm not only compares its performance with the competitors but also get an insight into its own historical performance. Ratio analysis therefore can be used for two different purposes or in two different manners i.e. making comparisons through trend analysis and comparing the ratios with the competitors. When financial ratio analysis is used for the purpose of trend analysis, a firm or a manager can actually get an insight into how the trends in different ratios are pointing towards the performance of the firm. For example, if a manager wants to assess as to how the overall inventory has been managed through out the year, she can compute the inventory turnover ratio and days in inventory to get an insight into how the inventory of the firm has been maintained and how sales have been generated. Ratio analysis therefore provides an ability to perform objective analysis of the performance of the firm. (Bull, 2007) Ratio analysis can either be used by the firm for its own evaluation purposes so that managers can assess what is required to be done in order to improve different areas lacking in achieving the targets. Secondly, ratio analysis can also be used by the investors to not only assess the historical performance of the firm but based on this assessment make forecasts as to how the firm may perform in future. Ratio Calculation Ratio Formula 2005 2006 Current Ratio Current Assets /Current Liabilities 1.475:1 1.403:1 Debt to Equity Ratio Total Liabilities / Total Equity 0.449:0.551 0.440 : 0.56 Inventory Turnover Sales / Inventory 6.11 times 4.620 Times Receivables Turnover Sales / Receivables 18.24 times 18.16 times Gross Margin Gross Profit / Sales 49.19% 40.70% Evaluation of the Ratios Current Ratio Current ratio is one of the basic indicators for assessing the liquidity position of the firm and indicates as to whether the firm has the required liquid assets to pay off its immediate liabilities. A current ratio of higher than 1 is considered as acceptable because for ever $1 of current liabilities firm has more than $1 of current assets to settle these

Economics of Development Essay Example | Topics and Well Written Essays - 3000 words

Economics of Development - Essay Example If figures are presented, their source should be included and again, a good essay will identify their value to the argument. Having a healthy, prosperous and peaceful phase of a country stands to distinguish itself as a developed country. Economic development is the development of economic wealth of countries or regions for the well-being of their inhabitants. From a policy perspective, economic development can be defined as efforts that seek to improve the economic well-being and quality of life for a community by creating and retaining jobs and supporting or growing incomes and the tax base. The term "economic growth" refers to the growth of a specific measure such as real national income, gross domestic product, or per capita income. National income or product is commonly expressed in terms of a measure of the aggregate value-added output of the domestic economy called gross domestic product (GDP). When the GDP of a nation rises, economists refer to it as economic growth. This economic development effect the individual in the mass leading to a phase either strong or weak hold of purchase power. The ter m "economic development," on the other hand, implies much more. It typically refers to improvements in a variety of indicators such as literacy rates, life expectancy, and poverty rates. GDP is a specific measure of economic welfare that does not take into account important aspects such as leisure time, environmental quality, freedom, or social justice. As we understand in the economic periphery of lives, country's infrastructure and the scope to grow depends primarily on the strategy of the state. If a country does not grow despite their constant strife in fact is due to the inadequate chartering of their visions in the planning. Political unrest, conservative idealism and lack of human spirit are the factors to leave the countries behind the global race. One of the chief reasons of failures in the achievement of economic development in spite the honest motive of a state is social values. Marxist theory of equality and social justice may prevent rapid economic growth like the Capit alist' economy where private authorities contribute more massively to the national growth. DEVELOPMENT ECONOMICS FOR BETTER LIVING: AN ANALYSIS Development economics emerged as a branch of economics because economists after World War II became concerned about the low standard of living in so many countries of Latin America, Africa, and Asia. The first approaches to development economics assumed that the economies of the less developed countries were so different from the developed countries that basic economics could not explain the behavior of less developed country economies. Such approaches produced some interesting and even elegant economic models, but these models failed to explain the patterns of no growth, slow growth, or growth and retrogression found in the less developed countries. Slowly the field swung back towards more acceptances that opportunity cost, supply and demand, and so on applies in this regard. This cleared the ground for better approaches. Traditional economics, however, still could not reconcile the weak and failed growth patterns. What was required to explain poor growth were macro and institutiona l factors beyond micro

Cause of action assignment Essay Example for Free

Cause of action assignment Essay Task A (1) ‘Duty of care’ means to exercise a degree of attention and caution to avoid negligence which would lead to harm. Duty of care in a childcare setting is keeping children and young people safe, protecting them not only from physical harm but also emotional and sexual harm. Working with children and young people need a significant amount of duty of care, the younger and more vulnerable the child the greater the duty of care because of a child’s limited ability to care for themselves. Good vigilance is needed to keep a child safe, for example to foresee and cope with potential dangers. This extends to respecting the rights, cultural beliefs and values of the parents and family. (2) Duty of care contributes to the safeguarding and protection aspects of a setting. An example would be carrying out risk assessments to prevent potential hazards which would then reduce the risk of harm to the children. A further example would be setting clear boundaries/ expectations by communicating with the children what is unacceptable behaviour. Consistent reinforcement of this may be necessary to discourage the children from repeating hazardous behaviour that could cause harm to themselves or others. Understanding of the signs of neglect/abuse if any signs/indicators of abuse or neglect were noticed they should be reported to the relevant third parties to protect the child. Making observations and assessing children help to check to see if individual children are progressing and developing at suitable rates, if not so then I would need to take relevant action with other parties such as parents or professionals Task B Example of potential conflict orDilemma | How to manage the risk| Where to get additional support| Risk taking – such as a child accidently slipping of a step of a climbing frame and the child’s parents asking for that equipment to be put away, this would conflict with all children’s opportunity to develop and learn | The risk would be managed by explaining that in order for children to learn to cope with risky situationsand acquire life and physical skills these small risks must be taken, in asafe environment. Also by filling ina risk assessment to minimize any risk | People such as my room supervisor, Manager or Ofsted, the EYFS may also be helpful | Confidentiality- such as if there was concerns we had about abuse of achild, in order to safeguard it mayoverride the families right to privacy .| It would be managed by only sharing the information with appropriateprofessionals to protect the right to privacy | I would share the information with Only my room supervisor/managerFor advice on what steps to take and Refer to the polices and procedures On safeguarding | Weather disturbance- such as it’s wet and cold outside but the children wantto have their outside play| Make sure a full risk assessment is completed (including all wet/slippy equipment is wiped down and large puddles are brushed away), all children have suitable clothing and shorten the length of time they’re outside for| Refer to the EYFS that states childrenShould have outside play and also Discuss wi th colleges | Task C The main points of a complaints procedure include ensuring complaints are handled in a way that protects the rights of individuals involved. Issues or concerns are encouraged to be resolved verbally as they arise. If a concern cannot be resolved immediately the person raising the concern should ask to speak with a manager, and a meeting can be arranged at a certain place and time. If satisfactory resolution still can’t be found, a written formal complaint can be raised. If the manager feels that the situation is a child protection allegation, they should inform the designated child protection officer. If any individual involved in the complaint has reason to believe a criminal offense has been committed then they will contact the police.

The Origin of Gender Roles Essay -- Essays Papers

The Origin of Gender Roles The root of all gender issues which presently exist in society may be traced back to The Creation Story in Genesis. This crucial chapter of the Bible provides evidence supporting that God intended for man and woman to exist as equals, yet he assigned gender roles once Adam and Eve disobeyed him by eating the fruit from the forbidden tree of good and evil. Thus, men have been characterized as the â€Å"breadwinners† and women as â€Å"child bearers and housekeepers† since the beginning of humanity. The story of Lilith as Adam’s supposed first wife suggests Adam took on a patriarchal role from the beginning, yet Lilith refused to accept his assumed superiority. She initially challenges him, and then leaves him; she represents a rebellious, yet independent woman. Although these two stories on the first man and woman are significantly different, the two convey that men and women have been trapped in certain roles since the beginning of time, and have always had a power struggle between them. Gender issues have not evolved over time; they have always existed. â€Å"Then the Lord God made a woman from the rib he had taken out of the man, and he brought her to the man† (Gen. 2:22). The order of human creation in Genesis calls into question whether it was intended for a hierarchy to exist between genders. Since Eve is created from Adam’s rib, and as his helper, it is argued she is created merely to support him, and that she derives from him. These claims have connotations of inferiority. However, other evidence in the Bible proves God did not intend for man to be put above woman. He created both in his image, from the earth, and with the intention they would come together to form one flesh. Therefore, sinc... ... patriarchal text. It argues for women’s presence in the Bible, and deeply explores the stories of prominent female biblical characters. Swidler, Leonard. Biblical Affirmations of Woman. Philadelphia, Pennsylvania: The Westminster Press, 1979. Swidler compares the status of women from the biblical period to that of women from the post-biblical period. The author also evaluates the positive and negative aspects of Jewish and Christian biblical traditions, yet puts more effort into exploring the positive elements of the biblical tradition as far as women are concerned. The Bible. This is the King James Version which is most commonly used and analyzed. It is the core to many religions, and narrates the stories of all prominent biblical figures from the Old Testament to the New Testament.

Drop Out of School Essay

Today many young people do not realize the importance of an education so dropping out of school becomes an option. They just easily end up dropping from school without thinking about their future. They are thinking that their parents will support their financial daily lives, thus they do not feel worried about continuing their education. Moreover, there are several reasons that make young people decide to drop out of school some of which are getting poor grades, not getting along with teachers and/or students, or having a drug or alcohol problem. Those reasons make the young people end up by dropping from school. However, if the parent has been guiding their children well, they may be able to be solving the problem. There are no easy solutions to the school dropout problems. However, here are two ways to solve these problems; parents should encourage their children to do the right things and parent should meet with the school counselor. There are some solutions to the problem of dropping out of school. First, parents should encourage their children to do the right things, so that one day the children will become a better person and will be useful for the children’s future. For example, parents should talk with their children about how important the education is for their future; help them understand that the choices they make can seriously disrupt their future. The parent should not give up trying to make conversation with their children. Furthermore, the parent should start a conversation by asking their children how school is doing or make other conversation where both side feels comfortable with each other. In addition, by being open to one and another would give the children confident to talk about what they have been observed from school. This type of communication is sometimes hard to do but it is necessary to keep their children remain in school. Next, when a parent notices that their children want to drop out from school, the parents should follow this solution: workings with school counselors or teachers that can help their children remain in school. For instance, the parent may arrange for help by making up a schedule to meet the school counselor. The parent has to inform their children to meet with their school  counselor at least once a week to solve their children problems in the school. Especially, for children who has a problem in certain subjects which make them to think about dropping out of school. As an expert, the counselor will give advice to the young people by explaining how important education is for them on the future. Moreover, education is one of the requirements to get a better job, which they will later need for their future and for personal responsibilities. In conclusion there are many reasons why kids drop out of school. Primarily they have to do with a poor understanding of what good education is, struggling to make the grades, and due to drug problems. By maintaining good open communication with their children and seeking advices from school advisor which are preventing their children drop out from school. In the end, the parents and children can work together to keep the children remain in the school. Thus, by having good communication with their parents, teachers, or school advisor, it is important for children to realize that the adults in their lives do want them to remain in school and are willing to do a lot to make it possible. Hopefully, these tips might be helpful for parents who have problems with their children who want to drop out from school.

Woolf s Darkness Embracing The Inexplicable Essay

The dark is often a scary place. It is a place that is inherently uncertain and obscure and is therefore perceived as an unfortunate state to be in. Yet in Rebecca Solnit’s essay on Virginia Woolf, entitled Woolf’s Darkness: Embracing the Inexplicable, Solnit disagrees with this perception of the dark and on the contrary labels it as something to celebrate, using Woolf’s writing as evidence. Solnit frequently refers to Woolf in her writing as the basis for what she has to say and uses Woolf’s ideas to expand her own thinking. While there are many clear arguments being made by Solnit, it is unclear where Solnit’s essay as a whole is leading the reader. The exact destination seems undefined but there is significance in the journey on the way. She makes good points as she asks the reader to dive deeply with her into the concepts of uncertainty and imagination but where she is going with her thoughts is hard to pinpoint. The way she flows from concept t o concept, intertwining the thoughts of others with her own but with no clear final goal, ties nicely into the idea of what an essay is. Overall, Solnit’s journey seeks to analyze Woolf by drawing on principles of uncertainty and the future and using such analysis to inspire the reader’s writing, to enable their imagination. Solnit does this effectively by using an investigative and critical narrative that celebrates the mysteries of uncertainty and all it contains. One of the main characteristics of Solnit’s essay that really

The Field Of Environmental Science - 1471 Words

The field of Environmental Science is an interdisciplinary field that integrates biology, ecology, and many others to the study of the environment and the solutions to environmental problems. Because of the expansion of the human population and the ways in which we use our resources, it has resulted in many problems such as climate change and ocean pollution. Many scientists and other various organizations are contributing to finding solutions to the environmental problems. This paper describes the contributions made by Wangari Maathai and Rachel Carson to the field of Environmental Science. Major Contributor: Wangari Maathai Wangari Maathai was a Kenyan Environmental, political, and women’s rights activist and was born on April 1, 1940,†¦show more content†¦In September 1960, Mathaai was one of about three hundred fortunate students to win a scholarship. She was able to attend the Mount St. Scholastica College in Kansas, where she was able to learn more about the environment by earning a bachelor s degree in biology in 1964 and a Master’s degree two years later. She returned to Kenya to earn a Doctorates degree in veterinary medicine at the University if Nairobi. During her studies at the university, Maathai and her female colleagues had to deal with gender discrimination. When they tried to change the unjust treatment, they were told by the university officials that â€Å"you should just take the basic salary because the rest of the services that men get you don’t need† (Maathai, 2006, p.115). But they did not give up. Eventually, Maathai’s work paid off becau se she became the first woman in East Africa to earn a Doctorates Degree. Her experience with gender discrimination and her love for the environment enabled her to join organizations that advocated for women’s rights as well as environmental organizations. Through the various organizations and the scientific community, she found out about the deforestation of Kenya’s forests and the rural women’s lack of resources. â€Å"As I sat listening to the women talk about water, energy, and nutrition, I could see that everything they lacked depended on the environment†