In the short story‚ A Rupee Earned by I.F. Bulatkin‚ I share a similar experience to the “lazybones” son. In A Rupee Earned‚ the son‚ learns an important lesson about the value of hard work‚ when his father tells him to earn one rupee to gain his inheritance. After failing two attempts of trying to trick his father into making him think that he worked hard to earn one rupee‚ the son realizes that nothing else will work. As a result‚ “The lazybones worked for a whole week. He carried something for
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financial ratios and financial statement analysis will use information from the following income statement: Example Corporation Income Statement For the year ended December 31‚ 2011 | | Sales (all on credit) | $500‚000 | Cost of Goods Sold | 380‚000 | | Gross Profit | 120‚000 | | Operating Expenses | | | Selling Expenses | 35‚000 | | Administrative Expenses | 45‚000 | | | Total Operating Expenses | 80‚000 | | Operating Income | 40‚000 | | Interest Expense
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FINANCIAL RATIOS Financial ratios are indicators of a company’s performance as discernable from the company’s Balance Sheet and income Statement. We will discuss some of the simple ratios of a company and talk about their significance. Liquidity Ratios: Show the company’s ability to pay of its current liabilities from its current assets. 1. Current Ratio Current assets should be significantly higher than current liabilities so that the current ratio is higher than 2:1. 2. Quick Ratio (Acid
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Life Lessons In the story A Rupee Earned (I.F Bulatkin)‚ the blacksmith’s son shows us how to work hard for your money and become a responsible person. The son tries to trick his father into thinking that he went out and earned a rupee but the father did not believe him. He decides to go out and start working to really earn the rupee. The son worked for a week doing things like carrying stuff for a man. Eventually he earned enough money that it added up to a rupee. When the son showed the rupee to
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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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http://www.investopedia.com/university/ratios/liquidity-measurement/default.asp LIQUIDITY RATIOS: The first ratios we’ll take a look at in this tutorial are the liquidity ratios. Liquidity ratios attempt to measure a company’s ability to pay off its short-term debt obligations. This is done by comparing a company’s most liquid assets (or‚ those that can be easily converted to cash)‚ its short-term liabilities. In general‚ the greater the coverage of liquid assets to short-term liabilities the
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Application of Lean Manufacturing Principles for Process Time Reduction in Conveyor Pulley Manufacturing Shyam Rangrej1‚ Kaustubh Samvatsar1‚ Pinkal Rana1‚ Purvi Chauhan2‚ Saurin Sheth3 1UG Students of Production Engineering Department‚ 2Assistant Professor Birla Vishvakarma Mahavidyalaya‚ Production Engineering Department‚ V.V.NAGAR-388120 Birla Vishvakarma Mahavidyalaya‚ E-mail: shyamrang24@gmail.com V.V.NAGAR-388120 E-mail:pdchauhan@bvmengineering
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Contents page Introduction……………………page1 Literature review………………page 2 Uses of ratios…………………...Page 2 Types of financial ratios………Page 3 ➢ Profitability ratios……….Page 3 ➢ Efficiency Ratios………....Page 4 ➢ Liquidity Ratios………….Page 5 ➢ Investment Ratios………..Page 6 Limitations of ratios…………..Page 8 Conclusion……………………..Page 8 Introduction. The primary purpose of accounting is to convey information about the business to management‚ investors‚ shareholders‚ government
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STUDY RATIO ANALYSIS ANALYSIS OF FINANCIAL STATEMENTS The traditional financial statements that comprise of the balance sheet and profit and loss account do not give enough information related to financial operations of the company. These financial statements prepared as per the statutory requirement of law need to be analyzed in order to evaluate the past performance of the company and the future prospects. The most widely used tool is Ratio Analysis. DEFINITION OF RATIO A way of expressing
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verified and approved. Stating all of this information within the project scope helps the development team to stay on track of what they are to complete and in what bounds they are allowed to do so. In conclusion‚ it has been evaluated that Riordan Manufacturing currently has in place a human resources information system 21 years out of date. They need a complete overhaul and upgrade of their system including personal information systems‚ pay rates‚ personal exemptions for tax purposes‚ hire dates
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