2. Eight methods to financial ratios
(1) ROA
The return on assets (ROA) percentage shows how profitable a company's assets are in generating revenue.
ROA can be computed as:
ROA = Net Income + Interest Expense - Interest Tax savings / Average Total Assets
① Korean air
Korean Air
04
05
06
ROA
3.74%
1.47%
2.82%
Net income is increased 180 billion won compare to last year
Chart 4. is a graph that shows 7 foreign and domestic oil refining companies's Financial Leverage percentage.
Royal dutch shell and Chevron show more attractive ratios than other companies.
Financial Leverage percentage is related to ROE and ROA, so the graph’s shape is so similar. BP shows very high percentages for 3 years, but it keeps decreasing. And that difference is getting bigger and
< Chapter 1. Introduction >
1. Necessity of Design system
현재 일반적으로 사용하고 있는 휠체어는 손을 사용하여 움직일 수 있게 되어있거나, 손으로 버튼을 조작하여 움직이는 전동휠체어가 대부분이다. 그러나 루게릭병을 앓아 근육의 꾸준한 사용을 필요로 하는 환자나 장애인은 기존의 휠체어를 사용하기보
2. By recognizing rentals as equipment sales in the current period, does this increase or decrease Xerox’s sales revenue in the future period?
Since such creative accounting is basically moving up future revenue boost current revenue, Xerox’s revenue in future periods is expected to decrease. If dealt properly, Xerox would have recorded revenue by $10 each month However, if Xerox records it
rational use and maintain profitability so that the company might rely on higher land values instead of actively doing operational activities for increasing profits. Also, it creates unearned return. In other aspects, however, revaluation of fixed asset can be helpful if the company decides to invest in another business because revalued price can tell the exact price that Naver can be paid when i
ratio than GAP. However the difference between both companies’ Operating Income Margin is decreased apparently in 2008.
(2) Additional Measures of Efficiency
Calculation
Sales / Long Term Assets
Abercrombie 2006 2007 2008
3,318,158 / 1,155,989 3,749,847 / 1,427,343 3,540,276 / 1,763,356
2.87040 2.62715 2.00769
GAP 2006 2007 2008
15,923 / 3,515 15,763 / 3,752 14,526 / 3,559
How did POSCO manage to remain this rate of ROA and ROCE?
1) Expanding facilities and increasing investments in mine exploration.
2) Engaging in the rapidly growing Southeast Asia market and also the US market.
3) Strengthening global automotive steel sales and marketing infrastructure.
As a result, in 2008, POSCO accomplished record-setting production of 34.7 million tons and sales of 33
Present and Future State of the U.S. Auto Industry
Causes of Suffering
The U.S. economy is coping with the worst economic downturn, and worst credit market conditions, since the Great Depression. Consumers have had to contend with illiquid credit markets, rising unemployment, declining incomes and home values, and volatile fuel prices. As a direct result, the entire auto industry has suffer
51. Celler-Kefauver Antimerger Act : This act, passed in 1950, made it illegal in certain circumstances for a firm to merge with another by purchasing its assets. This strengthened the Clayton Act.
셀러-케파버 반합병법 : 1950년에 통과된 법령으로 특정한 상황에서 한 기업이 다른 기업의 자산을 구매하여 합병 하는 것을 불법으로 만들었다. 이것은
1. Brief Introduction to the Companies and the Industry in which they compete.
(1) Coca-Cola Company (CCC)
The Coca-Cola Company is the largest manufacturer, distributor and marketer of nonalcoholic beverage concentrates and syrups in the world. The Company were incorporated in September 1919 under the laws of the Sate of Delaware and succeeded to the business of a Georgia corporation with t