Kreme. In the historical balance sheets‚ we can observe that intangible assets were improved hugely from 2002 to 2004. Krispy Kreme set up repurchase of franchise rights. Repurchase of franchise rights are recognized as intangible assets not subject to amortization. Additionally‚ we cannot find the bad debt account because the company records overdue repurchase of franchise rights as intangible asset to avoiding a bad debt loss. Over last four years period‚ inventories increased continuously. The
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An accounting analysis Financial Accounting Assignment Module 1‚ August 2014 GEMBA 2015 Group Assignment - Group 9 Scott Couzner Joseph Lew Nicole Sia Jay Tomar Alex Zupancich BURBERRY INTRODUCTION Burberry is a global luxury brand offering menswear‚ womenswear‚ childrenswear‚ coats‚ dresses‚ shoes‚ accessories‚ bags‚ scarves‚ beauty and fragrance. The quintessentially British brand was first founded as an outerwear brand‚ well known for it’s iconic Burberry trench coat and distinct tartan
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Ratio Analysis 5. Liquidity (Cashflow/BS) 6. How is Disney doing compare to competitors ? 7. ROE and ROA (IS/BS) 8. Future Prospects 9. Pricing Strategy 10. Marketing Strategy I. Return on Investment Return on Equity (ROE): 2012 ROE=Net Income/Average Stockholders’ Equity ROE=6173/(41958+39453):2 ROE=0‚1516 Disney’s ROE=15% Disney generated a profit of 15 cents for every dollar in its average equity throughout
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1 EPS= $5.08 No. of shares= 300‚000 r=20% ROE=25% DPS=Total dividend/No. of shares=640000/300000=$2.13 Net income = EPS*No. of shares =5.08*300000 =1524000 g=Retention ratio*ROE =[1-(640000/1524000)*0.25 = (1-0.42)*0.25 =0.58*0.25=0.145=14.5% Po=D1/r-g =Do (1+g)/r-g =2.13(1+0.145)/0.20-0.145 =2.43885/0.055 = $44.34 Ans. 2 Industry growth rate g = Retention ratio*ROE = (1-0.41)*0.13 = 0.59*0
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48607 46061 Calculation done: Net Profit Margin 16.66% 20.54% 17.46% Asset Turnover 0.448 0.480 0.502 Equity Multiplier 1.855 1.711 1.789 DuPont Return on Equity 0.139 0.169 0.157 ROE‚ Competitors Qualcomm Inc. 20.34% 18.99% 18.22% ROE‚ Sector Telecommunications Equipment –% 17.68% 16.68% ROE‚ Industry Technology –% 23.13% 21.80% Results of DuPont Analysis for CISCO: The net profit margin is the after tax profit a company generates for each dollar of revenue. A
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evaluation of ethical behaviour and than evaluate Woolworths Limited’s financial performance which is profitability based on Return of Equity (ROE) history. This report will also provide a recommendation to investor of the company Woolworths Limited whether is suitable for invest or not. 4 2.1 Ethical issue of Woolworths 5 3.1 Profitability of Return on Equity (ROE) 8 4 Recommendation 10 Reference List 11 EXECUTIVE SUMMARY The purpose of this report was to evaluate Woolworths
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purposes of saving the life of the woman (Mason & Stephenson 2012). The stipulation of this law stated legalizing abortion only when it involved saving the life of the woman. In 1970‚ a class action suit was filed by Roe and Weddington (Roe’s counsel) in a U.S. District Court in Texas. Roe was seeking restriction of enforcement of this Texas law on the grounds of unconstitutionality based on her right to privacy‚ not only for herself but also for all women and their bodies. She was looking for abortion
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annual interest expense. (4) Profitability - Net profit margin: Net income/sales= 1‚800/10‚000= 18% - Return on Assets (ROA)= Net income/ total assets= 1‚800/40‚000=.045 or 4.5% - Return on Equity (ROE)= Net income/ total equity=1‚800/20‚000= .09 or 9% - Extended Du Pont equation= ROE= Net income/sales x Sales/total assets x Total Assets/total (common) equity = .09 = .18 x .25 x 2.0 Comments on profitability to include your comments on the
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NBER WORKING PAPER SERIES FINANCIAL CONSTRAINTS ON CORPORATE GOODNESS Harrison Hong Jeffrey D. Kubik Jose A. Scheinkman Working Paper 18476 http://www.nber.org/papers/w18476 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 October 2012 Hong and Scheinkman acknowledge support from the National Science Foundation through grants SES-0850404 and SES-07-18407. We thank Joshua Margolis‚ Dirk Jenter‚ Jeffrey Wurgler and seminar participants at St Gallen
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measures – Net income – ROA – ROE – Market to book • Risk –adjusted performance measures – RAROC - Risk adjusted return on capital – RORAC - Return - Return on risk adjusted capital – Shareholder’s value added – Eva - Economic Value add 7. What is the main problem in using Net Income as a measure of performance? • it does not adjust for the size of the bank • makes it difficult to compare one bank relative to another 8. What is the difference between ROE and ROA • ROE measure the profitability to
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