To our Shareholders, Associates and Customers: Let me begin by expressing how proud I am of everything our Associates have accomplished during the fiscal year ended January 31, 2004. Wal-Mart generated over $256 billion in global revenue, establishing a new record and adding more than $26 billion in sales. Your Company earned almost $9.1 billion in net income and grew earnings per share by over 1
of prosperous KTF just as Columbus and the navigator of Santa Maria left to find a new continent.
2. Description of the principal products produced by the company of services the company provides
- KTF service
3. Read the “Letter to the Shareholders” and/or “Management
of cost and good cost management.
ROE
The ROE of Jinro is 17.01% is higher than average ROE which is 9.24%. Industry average ROE declined for a while, but recently recorded an increase of 31.8% and turned to increase again. The ROE of Jinro decreased to 18.41% in 2005. So high ROE will give more benefit for shareholders by effectively management.
c. Analysis of Sales and growth of assets
of Xerox, then Xerox would have kept the exposed receivables as ordinary receivables. Since they are incorrectly acknowledging more account receivables than the actual amount of account receivables that they should, their shareholder’s equity became higher (due to an increase in net income), and thus the debt-to-equity ratio as well as the liquidity ratios of the company improved. These, in con
of future incoming and outgoing cash that has been recorded on credit. Therefore, cash is not the same as net income, which, on the income statement and balance sheet, includes cash sales and sales made on credit. Cash flow is determined by looking at three components by which cash enters and leaves a company: operations, investing and financing.
In SK Telecom's annual cash flow statement of 200