140‚392.00 139‚788.00 3.21 2.97 4.19 5.60 5.47 CURRENT RATIO. The current ratio (Sannella‚ 1991) above shows that in the year 2001 the current assets of J P Morgan (MIkdashi‚ 2001) are 3.21 times larger than the current liabilities. The current ratio went down to 2.97 times in the year 2002. The current assets were 4.19 times larger than the current liabilities during the year 2003. The current ratio went up
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money were supposed to be safe and low risk‚ which would also keep it in compliance with the standards set by JP Morgan Chase. Unfortunately‚ the transactions made in this area of the company were known as the Synthetic Credit Portfolio. This portfolio was a high risk portfolio that would either generate a large amount of profits or create massive losses overall. As a result‚ JP Morgan Chase had to face and handle the situation with massive losses. The losses were hidden by wire fraud‚ false Security
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slave owning property‚ of property owning property‚ quickly became rejected as plausible. Afterall‚ slaves were constantly “working from sunup to sundown” (234) and lacked the funds and skills necessary to acquire property. However‚ author Philip D. Morgan dismisses this stereotypical outlook on a supposed ignorant slave society and instead argues that slaves under
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Volleyball History In 1895‚ William G Morgan‚ a physical education director at the Holyoke‚ Massachusettes YMCA‚ created a game called Mintonette‚ as a low contact indoor sport. After observing the first game‚ Alfred Halstead‚ renamed the game Volleyball due to the volleying nature of the game. Numerous other variations of Volleyball have developed such as Beach Volleyball‚ Footvolley‚ Hooverball‚ and Newcomb. Both Men’s and Women’s Leagues are popular‚ and there are many clubs and tournaments throughout
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In the seventeenth century‚ the settlers coming to the New World to settle in what would soon become Jamestown were hoping to find fortune and acres of free land. Instead of landscapes paved with gold‚ however‚ there was disease and famine. Out of all the reasons why eighty percent of the colonists perished‚ three should be taken into the most consideration. The first colonists to arrive had prepared poorly in supplies and mentality‚ along with the chosen location of settlement being nearly uninhabitable
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Kinder Morgan - MBO Richard Kinder and Bill Morgan purchased a master limited partnership pipeline company from Enron for $40 million in 1997‚ founding Kinder Morgan‚ Inc. (KMI) 1. The primary benefit of an MLP comes in the form of tax savings. While shareholders in a corporation face double taxation‚ owners of a partnership are taxed only once (when receiving distributions). Corporate income tax does not exist in the partnership. When cash distributions to MLP owners exceed
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This essay shall explore the reasons for why schools fail and too look at how they fail. The idea of what it means to fail will too be touched on. A school by todays standards is expected to meet the demands of the National Curriculum and obtain the correct standards to meet with Ofsted is this correct? This principle will also be developed and explored upon your reading of this essay. What is failing? Is it not meeting the outward demands of Governing bodies or is it not getting satisfactory
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Why Nations Fail by James A. Robinson and Daron Acemoglu a b o o k r e v i e w INTRODUCTION Why Nations Fail is a non-fiction book by James A. Robinson and Daron Acemoglu which is based on the views and insights from the economic history of each country to be able to answer why nations grow differently‚ why others succeed while others fail. The stories are linked with a common narrative theme‚ the distinction between inclusive and extractive institutions
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According to the Small Business Administration‚ new businesses have a 34 percent chance of failing within two years and half are not operating in four years. 60 percent of businesses fail in six years (Scarborough and Zimmerer 12). I know people do not set out to fail this statistics show that it does happen. What is business failure? John Watson and Jim E. Everett authors of "Do Small Businesses Have High Failure Rates"‚ say that experts tend not to agree what is the clear definition of business
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Case 6-3 Question 1: Westwood’s Gross Margin Percentage is calculated as (sales less cost of goods sold) as a percentage of net sales revenue. For Westwood it’s calculated as follows based on the financial statements (all in millions of dollars): 2010 Gross Margin: (2000-1100) = 900 2010 Sales Revenue = 2000 2010 Gross Margin Percentage = 45% 2009 Gross Margin: (1500 – 800) = 700 2009 Sales Revenue = 1500 2009 Gross Margin Percentage = 46.7% Westwood’s Pre-Tax Return on Sales
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