Individual Financial Statements Paper ACC/290 Principles of Accounting Professor: Bruce Geddus January 8‚ 2014 Introduction to financial accounting and it ’s my turn to identify the four basic financial statements and to describe them as well. In this financial statement paper I will also be describing the four financial statements‚ discuss how the four financial statements are useful to internal users such as managers and employees. And last I will discuss
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QUESTION P3-22: Cross–sectional ratio analysis :- Use the Financial Statement below and on page 106 for Fox Manufacturing Company for the year ended December 31‚ 2012‚ along with the Industry average ratio below‚ to: a) Prepare and interpret a complete ratio analysis of the firm’s 2012 operations b) Summarize your findings and make recommendations. Based on the overall performance of Fox Manufacturing Company‚ it shows that the company should improve it debt financing
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12. Ratios Inputs RATIOS Items July 1‚ 2005 July 1‚ 2006 June 30‚ 2007 June 30‚ 2008 June 30‚ 2009 June 30‚ 2010 19.1% 3.2% 20.3% 2.6% 17.4% 20.3% 2.9% 18.7% 20.1% 2.9% 19.4% 20.1% 2.9% 18.6% 20.1% 2.8% 16.9% 9.9% 2.2% 8.5% 25.1% 48.5% 10.8% 3.3% 12.3% 36.0% 66.0% 11.3% 3.2% 12.1% 35.4% 62.1% 10.4% 3.7% 13.3% 39.3% 71.5% 9.4% 4.0% 13.4% 38.4% 79.4% 3.78 7.34 13.79 1.23 16.92 13.69 14.11 22.37 3.79
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Current Ratio * A liquidity ratio that measures a company’s ability to pay short term obligations. Current Ratio 2011 Current Assets Current Liabilities 35‚343‚809 35‚774‚652 =0.99 The ratio of 0.99: 1 means that for every ringgit of current liabilities‚ Hwa Tai has RM0.99 of current assets. Current Ratio 2010 Current Assets Current Liabilities 36‚746‚539 37‚634‚489 =0.98 * The ratio of 0.98 : 1 means that for every ringgit of current
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QUESTION 1 i. Current Ratio = Current Assets/Current Liability = $ 14‚651‚000/$ 19‚639‚000 = 0.750 ii. Quick Ratio = (Current Assets – Inventory) / Current Liability = ($ 14‚651‚000 – $ 6‚136‚000) / $ 19‚539‚000 = 0.436 iii. Total Assets Turnover = Sales/Total Assets = $ 167‚310‚000/$ 108‚615‚000 = 1.540 iv. Inventory Turnover = COGS/Inventory = $ 117‚910‚000/$ 6‚136‚000 = 19.216 v. Receivable Turnover = Sales/Account Receivables = $ 167‚310‚000/$ 5‚473
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The Role of Financial Intermediaries and Financial Markets FOCUS OF THE CHAPTER This chapter provides an analysis of the roles and importance of financial institutions and financial markets‚ two important parts of the financial system. A broad classification of Canadian financial institutions is presented with an historical overview. Some basic classifications of financial markets are described. The chapter ends with an evaluation of the importance of the financial system to the Canadian economy
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Financial Market and Financial Instruments Market is simply defined as an area for potential exchanges. Thus market is a group of buyers and sellers interested in negotiating the terms of purchase or sales of goods and services. Similarly‚ financial market is that market is traded- loaned or borrowed-in-terms of different financial assets or instruments stocks and bonds are traded. "Securities" means shares‚ stock‚ bond‚ debenture‚ debenture stock issued by a corporate body or a certificate to unit
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The financial crisis and the future of financial regulation Executive summary The outburst of the global financial crisis caused by the subprime crisis in America makes it necessary to adjust the financial regulation systems. The main financial crises in the history of the mankind were all mainly caused by the defects of the financial regulation in the world. Thus it can be seen that it is very necessary and important to explore the effective means to improve the effectiveness of the international
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Financial Institution In financial economics‚ a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries. Most financial institutions are regulated by the government. Broadly speaking‚ there are three major types of financial institutions: Depositary Institutions : Deposit-taking institutions that accept and manage deposits and make loans
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Chapter 01 Why Are Financial Institutions Special? True / False Questions 1. Prior to the financial crisis of 2007-2008‚ J.P. Morgan Chase was the largest bank holding company in the world and operations in 60 countries. True False 2. As of 2009‚ U.S. FIs held assets totaling over $35 trillion. True False 3. Financial institutions act as intermediaries between suppliers and demanders of money. True False 4. If a household invests in corporate securities
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