= 1.47 Big Lots have a current ratio of 1.47 which is larger than 1 and indicates that they would have adequate funds available to pay their short-term obligations. With Big Lots having a current ratio of $1.47 for each dollar in current liabilities would indicate that they are maintaining their total current assets favorably to cover their current liabilities that are due
The state of Indiana is a mid-western state governed by Mike Pence in 2016, and its financial statements were prepared by Auditor of State Suzanne Crouch and her team (1). Its 2016 Comprehensive Annual Financial Report communicates to readers that: Indiana’s post-retirement health care plan is underfunded and has a funding gap, its infrastructure is sufficiently maintained, its deficit is concerning, it has increase state-funded medical care, and its unemployment is decreasing. Ohio is an appropriate benchmark and comparison for Indiana’s financial performance. 1. The first insight readers gain by analyzing Indiana’s financial statements is that there is a financial gap between the funding for its other post-employment benefits, primarily its
I have analyzed the financial statements for the fiscal year 2017 for the City of Bingham. It is my conclusion that the City of Bingham is in good economic health. I examined four financial ratios that I consider good indicators of how the city is operating overall. I calculated the bonded debt per capita, debt to assets ratio, the change in net position, and the BTA self-sufficiency of the water utility operation.
The debt to ratio is a ratio that compares a firms total liabilities and shareholders’ equity. It shows the proportion of the amount of money invested by the business owners as well as external entities. Debt to Equity Ratio = Total Liabilities/Shareholders’ Equity = $80,994/$931,490
We have provided samples of our reporting capabilities including contribution modeling, IBNR calculations, budget projections, and monthly reports for Corcoran Jennison 's review. These documents are titled "Hays Companies - Reporting
The overall purpose of this paper is to present new information on CVS Health/Pharmacy that some people may not know. This paper also shows CVS Health/pharmacy financial statements form certain years, to show how much they make in revenue, etc. I had to find research on the company’s history, which was long, but it is summarized in the paragraph below. Also listed below are the current CFO and CEO of CVS Health Corporation. All companies have ups and downs; some of the ones for CVS are in the paragraphs below.
There are several additional examples of managerial and accounting information found within the Business Week article. Some examples that would apply to Costco Wholesale Corporation are the profits gained by the company. A 25% profit gain was achieved by Costco during a quarter. The data would fit the attributes of both managerial and financial accounting information as it is financial and on the time horizon it took place in the past. A second example is the company’s stock taking a 4 % downward turn.
Analysis of Financial Statements Student number: 10221450 Word count: 2993 words Excluding Bibliography Course code: B9AC106 Course title: Financial Analysis Lecturer: Mr. Enda Murphy Company: Whitbread PLC Table of Contents 1. Whitbread plc 3 Financial Ratio Comparison 6 1.1 Profitability Ratio 6 1.2 Liquidity Ratio 9 1.3 Efficiency Ratio 11 2. Intercontinental hotels group plc and Ratio Comparison with Whitbread 12 3. 10% Stake in Intercontinental Hotels Group PLC 13 Conclusion 16 Market Value and Book Value
What do pro forma financial statements show? There are various things Pro forma financial statement shows but first, let’s understand the word pro forma which means a financial statement based on projection and assumption of what the business future would be to determine what should be happening now. Pro forma financial statement can be thought of as a “Projected results for financial statements in the future, given assumptions about what will happen in the meantime” (Siegel & Yacht, 2009, p. 81).
The three most important financial statements are an income statement, statement of cash flows, and a balance sheet. Each of the main three financial statements tells a different story. Income statements show how much revenue your company made over a exact time period, which may be different than cash in the door. You may have people who still owe you money, which won’t usually show up on that statement. A statement of cash flows shows how much cash you took in.
Chapter 9 3. For purposes of the tax credit for child and dependent care expenses, explain the limitations concerning the amount of qualified expenses that can be used to calculate the credit. "The credit for child and dependent care expenses provides some relief for working taxpayers by providing a credit for a portion of the expenses incurred to care for a qualified dependent. The maximum amount of qualifying expenses for any year is limited to $3,000 if there is one qualifying individual and to $6,000 for two or more qualifying individuals. These amounts are further limited to the amount of earned income of the taxpayer (or the earned income of the taxpayer 's spouse, if smaller)."
Introduction The main objective of the paper is to develop a report for a shareholder that will interpret financial statements of Tesco Plc. for 2013-2014. The shareholder is specifically concerned about the fraudulent reporting. In this way, the paper will explain the reason of income statement and statement of financial position.
Additionally, each corporation or business has to meet financial obligations while still being a profitable company. In this research paper, I will outline Starbucks horizontal analysis, ratio analysis and provide feedback for positive and, negative trends. Consequently, the research will also allow me to elaborate on the financial health of the company and be able to determine if an investor should consider the risk.
With this regard, the committee published an evaluation report. The company worked on revising previous years’ financial results to correct the accounting distortion on its financial statements. In addition, the company published its revised
The current ratio of the Ajinomoto Berhad is stable. It is because the high current ratio shows that there are many cash in the company. They have extra money to utilize in the other area. Besides, the quick ratio of the Ajinomoto Berhad is higher and it is good for the investor to invest. It means that the company has the ability to cover the current liabilities.
