information above, Korean Airlines should try harder to make larger cash flows from their business instead of borrowing from the bank. Also, cash flows from investing activities suggest that they should restrain themselves from over-investment.
E. Check the main accounting policies of KAL. Choose one interesting/doubtful accounting policy. Then, comment on the chosen accounting policy
I. M
earns rates of return above the floor, so it has a competitive advantage. Rate of return on equity proves that SK telecom used capital provided by common shareholders effectively.
Comparing them, we could conclude that liquidity of SK telecom was the highest among them.
d. Does the cash flows statement add any further information to that provided by the inco
information if “[t]here is a substantial like likelihood that a reasonable investor would have found the omitted information important or that the missing facts would have altered the ‘total mix’ of information available to the investor.” Thus, a matter is generally thought of as “material” if a prudent investor would reasonably want to know about it. Size of the company could be rele
Academia : the calculation of past earnings growth has nothing to do with predicting future growth
Concentrating on the prediction itself : forecasting future earning is inefficacious.
Wall Streeters
Specialists > Amateur, Individual Investor
Academicians
Specialists’s Portfolio > Random Portfolio (x)
Random Walkers
Stock market adjust quickly to new information
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