How ratio analysis provides a meaningful comparison of a company to Essay

How ratio analysis provides a meaningful comparison of a company to its industry, chief competitors, or to any other well run firm - Essay Example These techniques help to compare a company’s performance with its chief competitors in same industry as well as monitor the company’s progress over time. Accounting ratios is an important tool for financial statement analysis. A ratio is defined as relation between two numbers expressed as fraction or as percentage. When such relationships are derived from the financial statements, they are called accounting ratios (Kim & Ayoun, 2005, p.2). Accounting ratios have immense application in interpretation of financial statements by helping perform both intra-firm and inter-firm comparison. Intra-firm comparison helps to measure the performance of the company on Y-O-Y basis while inter-firm comparison helps to evaluate Company’s performance with its competitors. Ratios can be broadly classified into income statement ratios (derived from income statement), balance sheet ratios (derived from balance sheet) and composite ratios (one item from balance sheet and another from income statement). They help to evaluate the firm’s ability to honor its short term or current obligations. It is an indicator for the measure of working capital management. The firms’ short term obligations include carrying out day to day operations, payments to creditors for purchase of raw materials, payment of daily wages of laborers, outstanding expenses and bills payables, etc. These current liabilities are financed by current assets (Bragg, 2012, p.73). It is the ratio of total long-term debt to total asset. While a low ratio provides security to creditors a high ratio helps the management to trade on equity. Hence it is also called the leverage ratio (Drake, 2008, p.9). It is the ratio of long term debt to shareholders’ fund (Equity shares, retained earnings, preference shares, and fictitious assets). Form the investors’ point of view a

Virginia Woolfs The Death Of The Moth

Virginia Woolfs The Death Of The Moth In Virginia Woolfs The Death of the Moth, she wrote about a pathetic moths death process. Although its struggling and fighting against death moved her, the moth died in the end. The Death of the Moth reveals a world filled up with common objects: the moth, downs, sunlight, rooks, men etc. The connection between them, however, is extraordinary. The center of this world is frozen on a moribund moth and everything else is background. They are here to see and to contrast the death of the moth. In this world, life and death changed in a wink and this death process is released in a condensed way, striking us readers simple and quiet life. Woolf was a person who suffered mental illness throughout her life. In this essay, she commonly used personification. She considered the moth as herself. By condensing the human lifetime to a day life of a hay-colored moth, she demonstrated that death was inevitable. Even though due to the true nature of life, living beings tend to fight against the oncom ing doom (107), any effort against the power will fail eventually. Surprisingly, Woolf created a window that separated the moth and her from the outside world. At the beginning of this essay, she wrote about the pleasant summer morning. Everything outside was inspired by the vigor. The keener smell of air, the early work in the field, the utmost clamor and vociferation of rooks shows us this scene of vitality (106). In addition, she chose to write many big, strong and significant things on purpose, such as the scoring plough, the horses, the ploughmen, the rooks etc. She aimed to foreshadow the contrast between the moth and outside living beings: That was all he could do, in spite of the size of the downs, the width of the sky, the far-off smoke of houses, and the romantic voice, now and then, of a steamer out at sea (106, 107). Compared to the world outside the window, the moth was pathetic and little or nothing but life (107). The universe was larger than the moth can notice. However, compared to the oncoming doom, even the large and strong outsid e world was fragile and insignificant, let alone the little moth: as long as it chose to, the oncoming doom could submerge an entire city, not merely a city, but masses of human beings; nothing, I knew, has any chance against death (108). The world inside the window was individual and different from the world outside. Woolf wrote about the moth flying around the window, from one corner to another, or across them. Not only the moth was tiny, but also its life, though somehow vigorous at that moment, was actually boring. There was nothing else left for it to do besides flying. Outside world was bright and colorful, but the moth was somewhat lonely, just like Woolf herself. The window was like a barrier, keeping her away from enjoying the optimistic and positive life. She felt pity for the moth, just as if she felt sympathy for herself. Eventually, the moth settled on the windowsill, maybe because it was tired. It wanted to fly again, but failed. It seemed that this little creature was exhausted. Its movement and struggling was awkward. It failed several times and finally fell down and lay on its back. Death crept up on this poor and pathetic moth. Woolf tended to help it, but suddenly realized that this was the token of death. She knew death was inevitable, and she accepted that. In her mind, nothing people can do to stop the power of death. Hence, she chose not to interfere with the natural process. The moth was struggling. She was moved by its extremely strong will to live. Its tiny little legs fluttered repeatedly. The last protest was a success, but this instant victory did not save it from taking away by death. At the last few sentences of the last paragraph, she repeated the word death for six times, trying to emphasize that nothing can win the battle against oncoming doom. Except using repetition here that adds force, the whole passage was trying to avoid this. Synonyms were commonly seen in her words, such as pity, pathetic, sympathies; also useless, helplessness, futile, vainly and failure; death, oncoming doom, the power, fate etc. From her words it was superb this last protest, ones sympathies, of cause, were all on the side of life, moved one strangely etc., we can see that Woolf admired, respected and praised the life (108). Thus, she utilized personification throughout her essay. The moth is she, and she is the moth, struggling and fighting all her life. Virginia Woolf suffered mental illness during her lifetime. Actually, the date when she wrote this essay was very close to her suicide. As she said in the end of the essay death is stronger than I am, her illness was torturing her and she wanted an end (108). The moths life is actually her life. She condensed it to a day. Her life is not colorful and interesting like the world outside the window, but boring, plain and dull. She had a same window deep down in her mind. A barrier, through which she could see the world, but she fail to blend in it. Maybe for the reason of her mental illness, she can see the world differently than common people and can understand her inner thoughts more thoroughly, thus creating her magnificent achievements in mastering the technique stream of consciousness. She can write complex sentences as her wish, and mix her true feelings into her words: Yet, because he was so small, and so simple a form of the energy that was rolling in at the open window and driving its way through so many narrow and intricate corridors in my own brain and in those of other human beings, there was something marvelous as well as pathetic about him (107). In this essay, Virginia Woolf seemingly wrote about the moth, while actually she wrote about herself. Pessimistic emotion flooded this essay. No one can stop the natural process. No one can escape from death.

Free Argumentative Essays: It’s Time to Put an End to Campus Isolation

It’s Time to Put an End to Campus Isolation A situation on campus which I would like to see changed is not so much the increasing ethnically and racially-based separation of student clubs and organizations, but the lack of communication and exchange between them. There are valid arguments for the various racially "isolated" clubs in that they provide a support network and common identity for students who might otherwise feel culturally marooned on a campus as large as ours. (Specifically, I feel that the "Iranian Students Club," "Armenian Americans" and "Hillel House," to name a few, all provide emotional support to students away from home and their native culture.) Perhaps one could even justify racial-based separation within an area of common interest on the grounds that common racial and cultural ties promote even better understanding within a common sub-group. I refer specifically to the fact that there is a "Student Business Association (almost exclusively white), a "Black Student Business Association" (exclusively black), and a ...

Philosophy of Richard Rorty Essay

In his philosophy as ‘edifying’ Rorty is at the midst of explaining the conceptual framework of the nature of philosophy in the past, present as well as the future. According to him, his philosophical framework comprises of editing the works and other philosophical conceptual thoughts. He thinks that, what other philosophers talk about philosophy in the ancient times, the modern and the future are unworthy and needs pragmatic changes to adequately meet philosophical reasoning.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   However, in his philosophizing capacity, he has met various opposition from the community. They term his philosophy as unpalatable and without full exploration to the authentic nature of philosophical thoughts. Elsewhere, they accuse his philosophical thought as implausible with pragmatic thought, unclear, unconvincing and with full of misappropriation. However, a portion of the population argues that such philosophy is humanly liberating with profound image of exhilaration. According to his proposes, his philosophy provides a conception of changing imagery of the critique of philosophy in the real worldview. Since his philosophy comprehends challenge to the works of great thinkers, it would be illogical to undermine at a close range of his activity. Elsewhere, he made a fast sensibility and also formal response the cultural biography of philosophical adventures with the pragmatic world and   his system of philosophizing which comprise of finding, naming and/or creating new hypothetical philosophical literature is perhaps the best way to gain and create philosophical knowledge. (http://www.crvp.org/book/Series03/III-13/chapter_x.htm) However, his philosophical sense is illusionary and incoherent to the factual knowledge search. His attack to the philosophical literatures is based on fallacious context which is only aimed at bringing personal tribute to the broad society. In my personal capacity, I think Richard is out of philosophical senses to edify the coherent philosophical biographies which have done a lot to shadow down global dogmatism. His edifying activity is only made to retract the accuracy of philosophical teachings from its liberal coherency.   (http://www.crvp.org/book/Series03/III-13/chapter_x.htm) Reference Rorty: From Philosophy To Post-Philosophy. Retrieved on 10th March 2008, from   http://www.crvp.org/book/Series03/III-13/chapter_x.htm

Impact of Telecommunications on National Development and Globalization

Telecommunication is the science and technology of communication at a distance by electronic transmission of impulses via telegraph, cable, telephone, radio or television. Unprecedented growth in information exchange from 281 petabytes in 1986 to 65 exabytes in 2007 has necessitated the continuous inventions by telecommunication industries to meet up with the demand and this has significantly widened up the industry over the years. Consequently, telecommunication industry has impacted positively on National development and globalization.Thus, National development can be seen as a process that involves extending the benefits of development such as constructing of roads, sinking of boreholes, building of schools, hospitals, etc to the people. National development cannot be possible without development communication, hence, telecommunication. Development communication is the use of communication in the development process. Thus, telecommunication industry has made it easier for the deve lopment agents to communicate to the people, to carryout the development programme effectivetly via Radio, Television, etc.Secondly, Telecommunication industry made communication easier, unlike the days when people depend on written letters,etc to communicate with one another. Atleast one can stay at the comfort of his/her house and reach out to someone very far from him via telephone, skype, fax, etc. Thirdly, with the aid of telecom, people get to learn new culture, languages, new ways of doing things like farming and the likes through satelites, internet, etc. All these, help in the development of the Nation.Globalisation: this is the process of internationation integration arising from the interchange of worldviews, products, ideas and other aspects of culture. It can also be seen as the fact that different cultures and economic systems around the world are becoming connected and similar to each other because of the influence of large multinational companies and of improved comm unication. Thus, telecom industry has impacted immensely to globalisation. If not for improved way of communication, that is with the invention of satelite, cable, internet, Tv, Radio, etc.There is no way someone in Nigeria will get to know what is happening in America. But with telecom, we get to learn languages, culture, make business deals, trade, etc between one country and another. Finally, three areas telecom industry has affected business marketing, communication amongst human and aided national security. The service revenue of global telecom industry was estimated to be $1. 7trillion in 2008. These services include wireless communications, communication equipments and related ancillary services such as sales and marketing of equipments, installation and repairs of gadgets.This has over the years generated over 40 million jobs globally. Reducing the mitigating effect of world economic crisis which had crumbled the world economy. Online trading activities which include Forex t rading has directly been facilitated and this has contributed immensely to the gross domestic products of the economy. There is no perfect society devoid of quarrels, misunderstanding, violence; verbal and physical. This translates into the world at large; diplomatic rows, boundary disputes, genocides,etc.Telecommunication and indeed telecom industry have made it possible to check the menace posed by communal classes and diplomatic vandetta. It becomes possible to monitor wars and other happenings within a location through the world geographical satelites. Disasters such as the Tsunami in Japan were adequately managed to prevent the extiction of the whole generations of people via relief materials donated by philantropist and other donors. Through internet, ideas, views, products, etc can be shared easily between people and from the comfort of their homes or offices.