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This memo provides a detailed ratio analysis of the financial statements of the company for years 11 and 12. It compares the company’s ratios for year 12 with that of year 11 as well with industry average ratios. For this purpose, we will use the quartile industry figures as benchmarks.

Liquidity ratios

i) Current ratio
Current ratio shows the amount of current assets for every dollar of current liabilities in the company. It assesses the ability to pay short-term obligations using its current assets. It is given by dividing current assets by current liabilities. In year 12, the company had Continue reading...

Accounting

Enron: What led to the collapse?
Enron was the largest company for energy and natural gas made possible through the merging of Houston Natural Gas and InterNorth based in Omaha. The merger made Enron the largest energy trader in the country and the seventh largest in the world. The company advanced into new fields of business by launching a broadband service unit and Enron online, where people can go to trade commodities. Enron rose quickly to become one of America’s most valuable companies. It had a peak of $100 billion in revenue and it was taking the market Continue reading...

What’s driving a Porsche

Most Porsche cars are luxury vehicles that some people drive just for the attention one gets from it. The experience is amazing since a Porsche is known for producing the best-built vehicles in the world. To get the driving experience especially for those who cannot afford this vehicle, one can visit the Porsche world roadshow (DeMuro, 2014).

History of Porsche AG- Funding Universe

In 1948 in Gmund, Austria, the first Porsche car was manufactured. Dr. Ferdinand Porsche was the founder of this company. By 1930, he had established an engineering and design firm which got a reputation for innovative car designs. Ferdinand was once requested Continue reading...

Most of the Americans today are too young to remember the Great Depression; however, no period in American history has more importance to discuss than does the Great Depression decade. Events that happened during the years of the Great Depression determined the direction of the social and economic policies, relationship of the citizens to the government and the political alignments. The period of the Great Depression from 1929 to 1933 started with the crash of the stock market on October 29th 1929 when over $30 billion disappeared in stock values . The Depression served to confirm the poor in their Continue reading...