Profit Margin = Net Income / Sales 2007 4.524726859 4.50% Return on Assets = a) Net income ÷ Total assets 6.094252729 6.10% b)(Net income ÷ Sales) x (Sales ÷ Total Assets) 6.094252729 6.10% Return on Equity = a) Net Income/Stockholders Equity 16.03851901 16.00% b) Return on Assets/ (1- Dept/Assets) 16.05364436 16% 2008 2009 5.422272581 3.989092813 5.40% 4.00% 7.233719667 5.706886679 7.20% 5.70% 7.233719667 5.706886679 7.20% 5.70% 18.54797792 15.0179937 18.50% 15% 18.46151733
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to 2006 remains the same. All three ratios increased from year 2004 to 2005‚ but dramatically decreased from 2005 to 2006 dropping below the percent ratios of 2004. The increase of Profit margin indicates that Harrods sporting goods had a higher return on the sales dollar which shows good cost control‚ the decrease (2005-2006) of the same ratio indicates the company having a lower return on the sales
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In analyzing the profitability of ratios for Harrods’s Sporting Goods‚ we observed that for the years 2007 and 2008 there were a higher return on sales dollars of 5% when in comparison to that of the industry average of 4.51 %. In 2009‚ Harrods’s Sporting Goods experienced a slightly decrease on its ROS with 4% below the industrial average of 4.5%’ We also noticed that‚ Harrods’s Sporting Goods ROA for the years‚ 2007‚2008‚2009‚ was good as they were able to obtained an increase(6%‚7% and 6%) above
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REI REI is a sporting good company that specializes in quality outdoor gear. The company started in 1938 as a gear co-op‚ and has grown to include more than 3.5 million active members‚ which it serves through 30 stores‚ as well as catalog and Internet operations. REI has successfully built a competitive advantage through the four generic building blocks of efficiency‚ quality‚ innovation and customer responsiveness. REI has a distinct competitive advantage‚ relying on economy of scale to offer
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What promotional activities might Prince use to reach the following segments: (a) recreational players and (b) junior players? The first thing that Prince needs to do is find different ways to appeal to both generation gaps in the tennis industry. It is important to keep all the Baby Boomer customers and still grasp the attention of the younger generation. In efforts to get the attention of the junior players‚ Prince utilizes social media sites like face book and twitter as one way of promoting to
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ANSWER TO THE QUESTION NO 4 Management of Harrods’ is fully devoted to develop its people so that employees and its stakeholders get full satisfaction. There are three major fundamentals of the democratic leadership approach at Harrods which encourage the development of its employees. The elements are given below: Talent spotting: This involves recognizing talented people who can make vital offerings. If someone is totally motivated‚ he or she will expect to notice the entire enthusiasm for the role
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Where is Harrods: 87-135 Brompton Road Knightsbridge How to get to Harrods: Subway - Piccadilly line to Knightsbridge station. Opening Hours: Monday to Saturday 10.00am – 9.00pm Sunday 12.00pm – 6.00pm Harrods is a high-end department store located on Brompton Road in Knightsbridge‚ in the Royal Borough of Kensington and Chelsea‚ London‚ England. The Harrods motto is Omnia Omnibus Ubique—All Things for All People‚ Everywhere. Several of its departments‚ including the seasonal Christmas department
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” - Anonymous Case Study: Goodwin Sporting Goods I – STATEMENT OF THE PROBLEM Given the family situation and the President’s foreseeable retirement‚ should the family business‚ Goodwin Sporting Goods‚ be sold? How can the second generation handle their retirement? (In both situations where the business is sold and when it is not) II – OBJECTIVES 1. To decide whether the family business be sold or not. 2. To have a plan for Jim Jr.’s and Pam’s (second generation) retirement
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The External Environment Competition Sports Authority: First and foremost‚ a major competitor of Dick’s Sporting Goods is Sports Authority. Sports Authority is an industry leader providing a wide variety of brand-name sporting goods‚ relatively similar to Dick’s. The store’s headquarters is located in Englewood‚ Colorado. According to Yahoo Finance‚ “The company operates over 450 stores in 45 U.S. states very similar to Dick’s 500 stores in 44 U.S. states. As of 2011‚ employment consisted of 14
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Sporting Goods Store Bill Thompson is the new manager of a retail sporting goods store in Vermont that is part of a national chain. Bill‚ who is 25 years old‚ has been working for the company for four years. Before his promotion he was the assistant manager for two years at a company store in Delaware. Last week he was briefly introduced to the employees by his boss‚ the regional manager. The profit performance of this store is below average for its location and Bill is looking forward to the
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