defined as having an excessive amount of fat that affects one’s health. In the 1950’s‚ the history of fast food started to boom and as cities and countries started expanding‚ populations began to increase. Long ago‚ tourist cities became more popular and news was spread around to find cheap inexpensive food. In 1916‚ the first hamburger joint was opened up in Wichita‚ Kansas known as White Castle. As the fast food industry started to become more popular‚ waitresses started delivering food to cars and
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Abstract This paper titled “Financial Management Practices of Small Firms in Nigeria: Emerging Tasks for the Accountant” It is aim to determine whether the financial management practices of small firms in Nigeria have impact on their profitability‚ growth and survival. It was discovered that two financial information variables (accounting system and financial management information) alone dominate the risk perception of fund providers. As a result‚ small firms find it difficult to source adequate
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Efficiency Ratios The efficiency ratio is an indicator of how well Johnson and Johnson (J&J) is run on an organizational wide basis. Efficiency ratios are also defined as asset turnover ratios (Finkler‚ Kovner & Jones‚ 2007). The asset turnover ratio measures how productive J&J is in managing all of its assets to generate Sales. This efficiency ratio is calculated by dividing sales by total assets by total revenue. For year 2010‚ J&J had an asset turnover of 0.6. Comparing J&J’s
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fluctuation appeared. Ratio analysis Year/ratio 2011 2012 2013 Industry average Current ratio 0.90 0.77 0.82 Quick ratio 0.78 0.65 0.70 Gross profit ratio 55.6 51.7 54.6 Receivable turnover ratio 13.59 13.95 12.49 Inventory turnover ratio 18.45 19.25 19.51 Net profit ratio 1.74 -1.64 0.03 Debt to equity ratio 0.89 0.92 0.88 Asset turnover ratio 0.70 0.71 0.77 Current ratio is always larger than quick ratio‚ it may because that inventory
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like to discuss is 7-11 company in Australia. 7-11 is part of an international chain of convenience stores. 7-Eleven‚ primarily operating as a franchise‚ is the world’s largest operator‚ franchisor‚ and licensor of convenience stores with more than 50‚000 outlets. In Australia‚ its main competitors are Coles and Woolworths. Coles Supermarkets‚ commonly known as Coles‚ is an Australian supermarket chain owned by Wesfarmers. Founded in 1914 in Victoria‚ Coles operates 741 stores throughout Australia
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Bachelor and Spinster Balls (B&S) events are hosted regularly in rural Australia‚ known locally as "B & S Balls" or simply "B&S’s". They are staged for young (18 years and over) spinsters and bachelors and traditionally the couples dress up in formal wear.[1] Large volumes of cheap alcohol such as beer‚ spirits‚ Bundaberg Rum and Jim Beam can be consumed. The activities usually start at night and run until morning‚ but from mid-afternoon people will start to arrive and the partying/drinking will
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A Case Report on the Financial Statements of Reed Elsevier and Thomson Corporation Executive Summary With the objective to understand the business performance of the two entities‚ we reviewed the 2007 financial statements of both company and tried to obtain some insight on the profitability and solvency of each entity. The two companies we study are: Reed Elsevier and Thomson‚ in the filed of information and publishing. Reed Elsevier is listed in below stock exchanges: REN (Euronext
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RATIO ANALYSIS Ratios | 2007 | 2008 | 2009 | Current Ratio | 0.98 | 0.79 | 0.91 | Quick Ratio | 0.66 | 0.41 | 0.46 | Working Capital | (43318926) | (480192556) | (199882615) | ------------------------------------------------- 2007 Current Ratio (C.R):- It shows the relationship between size of current assets and size of current liabilities. Current Ratio=Current Assets (C.A)/Current Liabilities (C.L) The standard of current ratio is (2/1) means
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MINICASE Ratio Analysis at S&S Air‚ Inc. Chris Guthrie was recently hired by S&S Air‚ Inc.‚ to assist the company with its financial planning and to evaluate the company’s performance. Chris graduated from college five years ago with a finance degree. He has been employed in the finance department of a Fortune 500 company since then. S&S Air was founded 10 years ago by friends Mark Sexton and Todd Story. The company has manufactured and sold light airplanes over this period‚ and
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large firms have over smaller firms and vice-versa‚ in the pursuit of entrepreneurial activity. As an enterprise can be defined as private business‚ it can thus be separated into two main categories which are small firms and large firms. Within many countries and many industries there are normally a large number of small firms and a smaller number of large firms as can be seen in the United Kingdom where there are only a few thousand large firms and over 4 500 000 small to medium sized firms according
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