Comparison of current results with historical results

Assignment Help Finance Basics
Reference no: EM13750837

1. Which do you think provides a more valid measure of how a company is doing, comparison of current results with historical results or comparison of current results with the current results of another company?

2. As of December 31, 20XX, Michael Corp's fixed assets before depreciation were $14,000,000. Its sales for the year were $32,000,000. Its EBIT for 20XX was $1,500,000, and its accumulated depreciation on fixed assets was $4,000,000. What was its fixed assets turnover ratio?

3. Between December 31, 2016 and December 31, 2017, annual sales of Bobcat Industries went from $32,000,000 to $48,000,000. EBIT went from $3,000,000 to $4,600,000. Net income went from $1,500,000 to $2,200,000. Management has asked you to comment.

Reference no: EM13750837

Questions Cloud

Why did the dutch set up a patroon system : Why did the dutch set up a patroon system.
Determine the working capital needs : Given a company's capital requirements, determine the working capital needs of the company and evaluate how the working capital should be financed.
What is the gospel writer trying to say to his readers : What is the Gospel writer trying to say to his readers by the way he puts the smaller stories together? Try to discover what the 3 stories have in common.
Do you think that american has right to a college education : Do you think that every American has the right to a college education? Your response should be at least one half of one page in length.
Comparison of current results with historical results : Which do you think provides a more valid measure of how a company is doing, comparison of current results with historical results or comparison of current results with the current results of another company?
Examine the fundamental reasons : Specify the one (1) change that you would make, and examine the fundamental reasons why this change is necessary.
Give the examples of the moral issues and social issues : Which of the following issues would you classify as personal moral issues, and which would you classify as social issues: pornography, war, nuclear weapons, abortion and pre-marital sex.
Inherent characteristic of corporations : 1. What inherent characteristic of corporations creates the need for a system of checks on manager behavior?
The five project management process groups : The five project management process groups as described in the PMBOK® Guide are: Define, measure, analyze, improve, control

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd