Financial analysis Essay Example for Free

Financial analysis Essay The analytical audit of the company’s capital structures of the two companies shows that shows Arizon is highly geared as compared to AT T. Gearing AT T is 43. 3% for long term debt and 51. 76% for total equity which is not very high. In case of Arizon, the ratio is very high at 59% for long-term debt to equity while total debt to equity is 74. 91%. The Verizon case indicates that the firm does not have sufficient and steady internal financial resources to finance its assets. These get depleted compelling management to use external financial instruments. This usage of external sources to finance its assets increase chances of the company suffering financial risk that may lead to bankruptcy after technical default. The audit of inventory ratio of the two companies supplied reveals a AT $ T does not have stock while verizon has. This may be that AT T is a service sector or in the business of manufacture at order or operate Just In Time method of stock refurbishing. While Arizona has inventory which is increasing gradually except in year 2004 when it down from 1. 50% in year 2003. we are not supplied with income statement to be able to determine the firms’ efficiency in utilizing its resources (inventory) to generate sales is. The close analysis of the two companies ratios provided indicates that AT $ T payable account that fluctuates from time to time. While Arizona have payables with down ward trend. This indicates that Arizona is managing her trade creditors well as compared to AT T. if payables are not well managed may cause financial stress to the company. The working capital of the Verizona contains a significant proportion of cash fluctuating from time to time. In case of AT T it is insignificant and it is in the down ward trend. The firms cannot therefore, meet its obligating with the most liquid resources. Additionally, there are no marketable securities that can be easily converted into cash when a financial need arises. What this implies is that the firm may find it difficult to meet its short term maturing financial obligations as and when they fall due for payment. The same conclusion about financial position can be made using both the acid test and cash ratios. From the ratios, the firm’s ability to meet its financial obligations from the liquid assets is also questionable. REFERENCES Luecke R (2002) Finance for Managers; Harvard Business School Lindsay R. (1967) Financial Management, An Analytical Approach; R. D Irwin, 1967

Alexander The Greats Struggles :: essays research papers

Alexander The Great’s Struggles Alexander the Great was most likely the greatest leader ever. His tactics and reasoning are still studied all over the world even after 2,000 years ago. Being a teenager from a divorced family and forced to rule at such a young age intensely impacted Alexander’s Life. According to records, he was said to be a heavy drinker and because of his mother’s excessive praise, believed himself to be a god. His loyalty, ego, and ambitions are a few of his life struggles that are still scrutinized today.   Ã‚  Ã‚  Ã‚  Ã‚  Alexander was very loyal to his country and parents. When he was still a young teenager, his father gave him the task of ruling the small region of Pella. This allowed Alexander to prove to his father that he could be a competent ruler. When Alexander and his father, Philip, fought Macedonia, Philip was surrounded. Alexander bravely jumped in and saved his father from sure death. Alexander demonstrated loyalty to his mother by staying with her through her exile from Philip. This showed how much pulling and tugging went on to win Alexander’ favor that enviably killed Phillip by not knowing who to be loyal to. Upon their return three years later, Alexander’s mother requested to be allowed to rule with him, once Alexander became king. She knew that would be the only way she could regain power. When Alexander turned twenty, his father was brutally murdered by Alexander’s friend. This demonstrated once again how loyal Alexander was to his father, and how difficult a decision it was to pick sides between his father and mother.   Ã‚  Ã‚  Ã‚  Ã‚  Alexander had a strong ego beginning at birth. Even from the cradle, his mother taught him that he was a god, so he grew up believing it was true. There were many reasons why Alexander’s mother believed him to be a god. When he was born, earthquakes shook the ground, there was a comet, two eagles perched, and lightning a temple and burned it to the ground. She believed those were signs from the gods. When Alexander was just a young buy, he went into the woods and killed a mountain lion with his bare hands to prove he was a god. This act convinced almost everyone that was Alexander indeed, was a god. Aristotle, his teacher for many years, said that Alexander had one of the greatest minds ever. He taught Alexander to trust no one and to learn how to be alone because one day, he would.

The Alchemist

Paulo Coelho, The Alchemist: Following your dream is no easy task. Thesis Statement: Paulo Coelho’s book, The Alchemist (1988), demonstrates a boy named Santiago following his dream, also known as his â€Å"Personal Legend†, and encounters various obstacles, which will convey him to what he will become. The connection made by Paulo Coelho in this manuscript was, all that is around him will eventually assist the effort made by the individual (Santiago). Paulo Coelho reveals many spiritual/religious references tied with the acts and decisions of Santiago, and how they guide him, and how he follows them up to obtain his desired dream.Introduction: An old man that he had met in his village awakes Santiago, a young shepherd. Awoken in the sense that this man declared he was a King, and had inspired Santiago to follow his â€Å"Personal Legend†, basically, his dream, and had served knowledge to this young fellow. Throughout Santiago’s journeys, good omens had ma de him pursue his goal. The shepherd encounters various strangers, which help him, willingly or not, to chase his goal. During his quest, he awakes various senses he never had before, such as profound wisdom, communicating with nature, a spiritual connection with God, and the art of Alchemy.Santiago constantly takes life-threatening risks, which are considered challenges in the face of God. Throughout his whole journey, Santiago persistently follows his one and only reason of being, his dream, which is to find the treasure he dreamed of as a shepherd, and throughout his whole adventure, every little detail that crossed him, every lesson that he had been taught, with or without words, the soul of the world that he understood to communicate with, every little detail had defined his true treasure. Body Essay: As pointed out, Santiago was a dream chaser, he wanted to discover his Personal Legend†, what pushed him to do so was a wise old king Melchizedek. The fact that a King would speak to a shepherd is very odd, although the King was doing it for several reasons, it may include the fact that he wanted to make other people realize and drive them to know their â€Å"Personal Legend† as shown: â€Å"Why would a king be talking with a shepherd? † the boy asked, awed and embarrassed. â€Å"For several reasons. But let’s say that the most important is that you have succeeded in discovering your Personal Legend. † (21) This explains how the king is trying to help the Santiago realize his reason of life.As stated previously, he had overcome an obstacle that had given him patience, wisdom, and a lesson. He necessitated to understand that everything had a soul, which when he was an apprentice crystal merchant, had taught him these qualities. â€Å"Everything on earth is being continuously transformed, because the earth is alive . . . and it has a soul. We are part of that soul, so we rarely recognize that it is working for us. But in the crystal shop you probably realized that even the glasses were collaborating in your success. (79) This spiritual reference indicates that if he insisted on succeeding his dream, everything around him, conscious/unconscious will be of assistance to him. Long travels were endured by Santiago; yet, he was on the verge of giving up his â€Å"Personal Legend† for a woman, which is natural. The love he felt for Fatima, (the woman he loved), was an asset that pushed him to go further on and chasing his dream, yet, at the same time, it made him doubt the fact that if this was all worth the chase, the gamble of life and death. â€Å"During the third year, the omens will continue to speak of your treasure and your Personal Legend.You’ll walk around, night after night at the oasis, and Fatima will be unhappy because she’ll feel it was she who interrupted your quest. But you will love her, and she’ll return your love. You’ll remember that she never asked you to stay, because a woman of the desert knows that she must await her man. So you won’t blame her. But many times you’ll walk the sands of the desert, thinking that maybe you could have left . . . that you could have trusted more in your love for Fatima. Because what kept you at the oasis was your own fear that you might never come back. At that point, the omens will tell you that your treasure is buried forever. (120) Here is another example of the proverb shown in the book, â€Å"†¦when you want something, all the universe conspires in helping you to achieve it†, as which everything around him drives him to go further and pursuit his dream. He realized that his dream had shown him all these magnificent experiences; nothing would stop him at this point, even Santiago, a shepherd, a boy, did not fear death. His dream meant everything to him. Conclusion: Santiago, a simple shepherd, made it very far in life by just pursuing in an extremist way his true goal i n life, his Personal Legend.He had overcome every obstacle God and nature intended to test him with, and succeeded in a redeeming way. It is wonderful how Paulo Coelho shows that when you pursue what you love in life, everything around you, living or unconscious, will help you. Santiago proves bravery, strength, wisdom, patience, and various other qualities. It is astonishing how by doing things with love, and joy, you connect with the world and God. Santiago at this point, had completed his emptiness, he achieved his one true meaning, his dream and goal.

Discretion And The Criminal Justice - 1327 Words

Research Paper: Discretion and the Criminal Justice Professional Jason Gaffney Saint Leo University Abstract The criminal justice system involve many elements. Some of the major components are the men and women who maintain these as Police Officers, Lawyers, Corrections Officers, and the Judges. For the purpose of this paper, I will be focusing more on Judges. Judges sit upon the bench of the courts and help to ensure that fairness is present during trials. A judge must also enforce court procedures and decide issues of law. Along with these proceedings a judge will have to use professional discretion, but when does the use of professional discretion cross ethical boundaries? During this paper we shall also address this question. Judge Roles Judges play a key part in overseeing and making decisions on some court room matters. Their duties also include adjudicator and negotiator. As an adjudicator, Judges must act as a neutral mediator between parties. They must make sure laws are upheld and that the accused receive a fair due process. As adjudicator they can use some level of professional discretion. Judges will also hear and review negotiators made between prosecutors and defense lawyers. These deals consist of bail circumstances, jail time, and plea deals. Judges interpret the laws, review evidence presented, and manage courtroom operations. Judges must remain impartial when making verdicts in the pursuit of justice. Judicial Ethics ToShow MoreRelatedDiscretion Of The Criminal Justice System1509 Words   |  7 PagesDiscretion, undoubtedly plays a massive role and is implemented in various aspects of the system. But what is discretion? Discretion, as defined in Canadian Criminal Justice: A Primer, is merely the freedom to choose among different options when confronted with the need to make a decision. 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The issuesRead More Criminal Justice System Essay1123 Words   |  5 Pagesenforcement, namely enacting the law, police discretion, and assessment of criminal behavior. Different entities create and enact laws that are specific for the societies those laws represent. In the United States the criminal justice system is broken down into two models, the Consensus model and the Conflict model. The procedure of achieving justice is comprised on three basic levels: policing, justice, and corrections. The two models of criminal justice system are influenced by a plethora of factorsRead MoreThe Public Idea Of Discretion1220 Words   |  5 Pages(2011) describe the public idea of discretion as a very misunderstood aspect of police work, therefore making the public’s opinions of police operations negative in some circumstances. 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