times as cash is a non-risky asset. It is also uneconomical - opportunity cost. So cash ratio is managed adequately.
※Caution
It is very sensitive to small events. If account receivable is lager, then cash ratio is volatile. So it often cannot show anything.
1.2. Current Ratio
The current ratio measures the cushion of working capital that companies manintain to allow for the in
☺ The most critical financial component of working capital
☺ The franchisee should seek to minimize the risk of running out of cash
☺ The franchised business must ensure that bills due (accounts receivable) are collected in a timely manner
☺ The franchise owner may develop policies and practices
☺ Another way to significantly reduce working capital requ
Both companies are service companies
-> meaningless to use inventory related ratios
ROE 7.32% x retention ratio 100%
=7.32%
ROE 9.8% x retention ratio 80%
=7.84%
Stock price is much Lower than past
years but recovering business performance
=>probable potential to increase
Fully recovered stock price
& worsening performance
=> Very few potential to increase
account executives share. Just like in other industries, employees bound to concern about recognition, rank, and most importantly, salary. An employee who works for the company for a long period time can only enjoy below 10% salary increase, while someone who changes job constantly gets something like 15% increase every time he moves. That difference ends up in huge salary gap in years. Mr. Baek
1.1 21세기 정보화 사회 도래와 여성인력 활용의 필요성
21세기 지식기반사회에서는 지식(knowledge)이 경쟁력 강화와 지속적 경제성장의 핵심이다. 지식을 중시하는 정보화 사회에서는 제조업과 낮은 코스트로 산업 경쟁력을 얻을 수 있었던 과거와 달리, 무형자원 특히 핵심 인적 자원의 확보와 활용
Account receivable turnover
Account receivable turnover = Net credit sales / average accounts receivable
Year 2009 2008 2007
turnover 3.75 4.78 3.40
Account receivable turnover shows portion of account receivables to sales revenue. The account receivable turnover ratio goes up and down during last 3 years so the liquidity looks like instable.
(4) Inventory turnover
Inventory tu
work, so were the estimated liability in the balance sheet of the company. Its benefit, therefore, be estimated highly enough.
Industry formerly Energy
Founded Omaha, Nebraska, 1985
Headquarters Houston, Texas, United States
Key people Kenneth Lay, Founder, former Chairman and CEO Jeffrey Skilling, former President, CEO and COO Andrew Fastow, former CFO Rebecca Mark-Jusbasche, former V
time together. Muriel gets fed up with Charlie's constant donations and overall simplicity and throws him out of their apartment, asking for a divorce. That same evening, Yvonne leaves her apartment after her husband shows up and threatens to stay until he gets $50,000 from her. Quite innocently, Charlie and Yvonne run into each other at the Plaza Hotel and, unintentionally, end up spending the n
accountable for 30% of the world’s exports of services, 6% of overall exports of goods, and is the basis of the service culture in many societies.
* * *
Countries such as China have shown they are willing to spend in excess of £65 billion to boost their tourist industry.
* * *
By encouraging tourism there is the potential to create a real positive economic impact, a particularly desir