Ratio analysis – Shinepukur Ceramics Versus RAK Ceramics Current ratio Shinepukur: From 2009 to 2010‚ current ratio of Shinepukur has increased by 0.24 because of increase in total current assets and decrease in total current liabilities. The increase in total current has occurred for increase in accounts-and-other-receivables‚ advances-deposits-and-prepayments and cash. Among these elements‚ the increase in advances-deposits-and-prepayments is significant (from 82182270 to 278773841). On the
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Current Ratio: The current ratio gauges how capable a business is in paying current liabilities by using current assets only. Current ratio is also called the working capital ratio. A general rule of thumb for the current ratio is 2 to 1. However‚ an industry average may be a better standard than this rule of thumb. So‚ according to the information that we got‚ in 2007 Beximco Pharmaceutical’s current ratio was 1.80 which declined to 1.10 in 2008 and ultimately in 2009 it boosted up to 2.97‚ that
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The Hershey Company 1. History and Overview The first Hershey’s Chocolate Bar was produced in 1900‚ six years after the firm that would become The Hershey Company (“Hershey”) was founded by candy-manufacturer Milton S. Hershey. 2. Strategic Planning‚ Corporate Vision Until late last year when Hershey announced plans to revamp how it organizes its business with two new strategic business units—one for chocolate and the other for sugar confectionery—the company’s marketing organization
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Liquidity Ratios 2012 2011 Current Ratio 20‚025/24‚025=0.83 17‚003/27‚075=0.63 Quick Ratio (7‚138+10‚744)/24‚025=0.74 (6‚252+9‚259)/27‚075=0.57 Activity Ratios Receivable Turnover 46‚417/((10‚744+9‚259)/2)=4.6 45‚884/((9‚259+8‚784)/2)=5.1 Inventory Turnover 31‚546/((486+537)/2)=61.7 30‚814/((537+433)/2)=63.5 Profitability Ratios Rate of Return on Assets 7‚003/((139‚576+151‚220)/2)=4.8% 7‚870/((151‚220+156‚985)/2)=5.1% Rate of Return on (7‚003-56)/((78
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1. Prologue: 1. Prologue: 1. Prologue 1.1Origin of the report: The term paper on “Quality Analysis of Financial Statement ” has been prepared for Mr Tanvir Ahmed Khan (Course instructor of Intermediate Accounting‚ ACT-330) as a partial requirement of the course . Real life does not go all the time like the theories and practical world is very critical and diverse. To understand the theoretical aspects of a subject one must understand the practical situation‚ problems‚ policies and implications
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Milton Hershey was born September 13‚ 1857‚ in Lancaster‚ Pennsylvania. As a child‚ his family moved a lot as his father started several businesses across the United States. In eight years‚ he attended seven different schools. In 1871‚ Hershey was apprenticed to a local printer who published a German-English newspaper. The printing business was not a good match for Hershey’s given his likes‚ skills‚ and passions. Hershey’s mother helped him find another apprenticeship. It was with a local confectioner
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Hershey CEO defends company strategy * February 4‚ 2010 * source: just-food Hershey president and CEO Dave West has stood by the US chocolate maker’s strategy and insisted the company can deliver “long-term value” for shareholders. The business‚ which generates the bulk of its revenues in the US‚ has faced questions over its future growth after deciding not to bid for UK confectioner Cadbury. Hershey has ventures in Brazil‚ India and China but industry watchers have argued the company’s international
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candy-manufacturer Milton Hershey’s decision in 1894 to produce sweet chocolate as a coating for his caramels. Located in Lancaster‚ Pennsylvania‚ the new enterprise was named the Hershey Chocolate Company. In 1900‚ the company began producing milk chocolate in bars‚ wafers and other shapes. With mass production‚ Hershey was able to lower the per-unit cost and make milk chocolate‚ once a luxury item for the wealthy‚ affordable to all. A company on the move. The immediate success of Hershey’s low-cost
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social responsibility deeply rooted in it’s strategy is The Hershey Company. The Hershey Company is enormously significant as it has operations in over 90 countries. Hershey’s mission statement is “Continuing Milton Hershey’s legacy of commitment to consumers‚ community and children‚ we provide high-quality HERSHEY’S products while conducting our business in a socially responsible and environmentally sustainable manner.” The Hershey Company is the largest North American manufacturer of chocolate
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Milton Hershey was a man with an admirable amount of determination and a genuine spirit for those he employed. *Hershey has become a household name from the beginning. He has even built an entire town around his business. At the age of 14‚ only a year after dropping out of school‚ Milton expressed an interest in candy making and began an apprenticing with a master confectioner in Lancaster‚ PA. Four years later‚ Hershey borrowed $150 from his aunt to set up his own candy shop in Philadelphia. For
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