6N215 Corporate Financial Reporting Professor Doug DeJong Carrefour Group Assignment Introduction Company Overview Carrefour was founded in 1959 in France. Marketing itself as a one-stop-shop providing a wide range of products at a low cost‚ it is now the second largest retailer in the world and the largest in Europe. In 2012‚ the company continued expanding their international footprint by adding an additional 283 retail points in France‚ Europe and Latin America. As of December 31
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Drivers of Industry Financial Structure A. Online Retailer: - Low Net Plant & Equipment: An online retailer will not have a huge facility as compared to a manufacturer. It will have at most an office building and a warehouse to stockpile some inventory of its own. - No Receivables/Days of Receivables: Since an online retailer caters to only individual customers‚ and since the latter pays usually by cash or credit card‚ accounts receivable will be at most a negligible amount‚ if not zero.
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The human body is a remarkable thing. It is filled with organs that need to be fed the right foods‚ as well as be taken care of. Over the course of twenty years there has been many articles and books published trying to teach humans how to better their bodies as well as minds. The number one way humans get their food intake is through meat and dairy products and it’s not a lie when people say the food industry is a bunch of shady people. Past generations have been able to eat raw beef without even considering
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Russia‚ Eastern Europe and The Middle East. We plan to expand our business into Brazil‚ Ukraine‚ Poland and Taiwan. Through the analysis we will try to look into several factors that we think will have an impact on our future investment plans. 2.0 INDUSTRY ANALYSIS: PESTEL FRAMEWORK 2.1 Political Factors: (a) Internal factors In India as in elsewhere politics and economics get intertwined quite often. Sudden ban on exports of products such as onion‚ rice etc. have an adverse effect on our business
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FINANCIAL RATIO ANALYSIS: PAKISTAN STATE OIL Introduction: Financial ratios for PSO for last 3 years are provided below. The company represents current market share of 78.2% in the black oil market and 54.3% share in the white oil market with net sales of Rs1.02 billion in 2012‚ Rs820 million billion in 2011 and Rs742 million in 2010. Ratio Analysis: PAKISTAN STATE OIL | |2012 |2011 |2010
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1. Fixed costs per game include $20‚000 food service salaries‚ $4‚800 to cover costs of 6 concession stands (this includes electricity‚ hot water‚ and security)‚ $1‚260 in hourly wages for 36 concessionaires. Total fixed costs per game: 20‚000 + 4‚800 + 1‚260 = $26‚060 2. Soft drink sales need to cover 25% of fixed costs‚ or $6‚515 Coffee sales need to cover 25% of fixed costs‚ or $6‚515 Hot dog sales need to cover 20% of fixed costs‚ or $5‚212 Hamburger sales need to cover 20% of fixed
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Ratio Analysis Memo July 9‚ 2012 Memo To: From: Date: July 9‚ 2012 RE: Kudler Fine Foods ratio analysis One of the things that we will be going over is some of the ratios for Kudler Fine Foods through Liquidity‚ Profitability‚ and solvency ratios. We will look into some of the finding that were found through these ratios and discuss them. One of the things that we found was where Kudler Fine Foods’ position is with these ratios. The first area that we look at is profitability
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HALAL REQUIREMENTS for FOOD AND CHEMICAL INDUSTRY By DR. MOHAMED SADEK Chairman HALAL Food Council of Europe HFCE 1 Key Terminology Halal means permissible and lawful Haram means prohibited Mashbooh means doubtful Makrooh means disliked or detested Zabiha means slaughtered by Muslim HFCE 2 General Guidelines Only ALLAH (GOD) can ordain what is Halal and what is haram. All foods are Halal except those ordained as haram. Haram foods include those containing
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Ratio analysis Debt ratio Debt ratio (2006-2007) = Total liabilities / Total assets = 10‚170/12‚064 = 0.84 Debt ratio (2007-2008) = 9‚210/11‚769 = Debt ratio (2008-2009) = 10‚003/11‚229 = Debt ratio (2009-2010) = 11‚043/12‚537 = Current ratio Current ratio (2006-2007) = Current assets / Current liabilities = 3‚424/4‚790 = 0.71 Current ratio (2007-2008) = 2‚164/4‚498 = Current ratio (2008-2009) = 1‚326/5‚389 = Current ratio (2009-2010) = 2‚697/6‚085 = Return on sales (ROS) Return on Sales
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Liquidity Ratios: Current Ratio = Current Assets/Current Liabilities Efficiency Ratios Asset Turnover Ratio = Sales Revenue/ (Fixed Assets + Current Assets) Profitability Ratios Net Profit Margin = (Net Profit x 100) /Sales Revenue Return on Capital Employed = Net Profit (Operating Profit) x 100 (ROCE) Capital Employed Solvency Ratios Gearing Ratio = Total Liabilities/Shareholders Equity Investment Ratios Earnings per Share
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