On the balance sheets, for GS, the total asset and total liabilities from 2007 to 2009 were decreasing, and the total stockholder equity was increasing. However, the total asset for MS was decreasing from 2007 to 2008, but increasing from 2008 to 2009. On the other hand, GS has its net tangible assets $74,714,000 thousand in 2009, but MS only has $34,472,000 thousand.
From both income statements and balance sheets, Goldman Sachs has better operation works than Morgan Stanley during three years. GS not only has better net income but also has greater net income applicable to common shares than MS. In 2009, GS has $12,192,000 thousand of net income applicable to common shares, but MS has -$907,000 thousand.
Ratio Analysis |
| | | | |
| Goldman Sachs (GS) | Industry: Diversified Investment | Morgan Stanley (MS) | Industry: Investment Brokerage |
Current | NA | 0.8 | NA | 0.3 |
Quick | NA | 0.1 | NA | 0 |
Inventory Turnover | NA | 0.7 | NA | 0.4 |
Days Sales Outstanding (DSO) | 0.6 | 107.9 | 0.8 | 2.4 |
Total Assets... [continues]
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