Irrational Ratios 1 of 5 http://www.journalofaccountancy.com/Issues/2001/Aug/IrrationalRatios... FRAUD The numbers raise a red flag. BY JOSEPH T. WELLS AUGUST 2001 inancial statements tell a story‚” says accounting professor W. Steve Albrecht‚ “and the story should make sense.” If not‚ it’s possible the story is a fake. By standing far enough back from the numbers to get a good picture of the client’s business‚ auditors frequently can detect signs of financial statement frauds
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CORPORATE PROFILE Atlas Consolidated Mining and Development Corporation ("Atlas Mining") was incorporated in 1935 as “Masbate Consolidated Mining Company‚ Inc.”. In the 1980s‚ it was regarded as the third largest copper mine in the world and was processing 110‚000 copper ore a day. However‚ in the early 1990s‚ Atlas was forced to suspend its operations due to a typhoon that severely damaged its mines in Toledo. Atlas Mining now has only one (1) mill for operations. A major restructuring of the
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methikalakwin2008@yahoo.com Abstract Tourism industry has been turned out to be a powerful industry which roughly accounts for multiple employment opportunities and a major source of income in the current world. The developing countries which have focused on traditional export crops in order to develop national economy have now been switched over to tourism considering its enormous contribution to the national economy. In Sri Lanka‚ this industry ranks fourth among the major foreign exchange earners
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The major profitability ratios are: 1.1.1.1 RETURN ON CAPITAL: Describes the earning capacity of the enterprise and it is measured by the following ratio: Profit before interest and taxation Average operating Assets The Return On Capital ratio measures how well the average operating assets (assets such as debtors‚ cash‚ fixed assets‚ stock) are generating the company s income‚ and is indicative of the management techniques applied by the company to utilise its assets
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Call on Smartphones Nokia’s Bad Call on Smartphones - WSJ.com http://online.wsj.com/article/SB1000142405270230438800457... 1 of 6 4/01/13 2:08 PM Dan Krauss for The Wall Street Journal Former Nokia designer Frank Nuovo says the company had prototypes that anticipated the iPhone. Noting Nokia’s History More photos and interactive graphics Nokia led the wireless revolution in the 1990s and set its sights on ushering the world into the era of smartphones. Now that the smartphone era has arrived
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The current ratio is calculated as current assets divided by current liabilities. The current ratio for the Coca-Cola Company in 2008 was 0.93 (12‚176/12‚988) and for 2009 it was 1.28 (17‚551/13‚721). For every dollar of current liabilities in 2009‚ Coca-Cola has $1.28 of current assets. The ratio indicates that Coca-Cola has enough assets to cover its debts. From 2008 to 2009‚ the company had a large increase in cash‚ which increased their current assets. They also had a similar increase in the
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Philippines Automotive Industry. Base on Esquire Financing Incorporation‚ they seek the five C’s of credit from their borrowers which are character‚ capacity‚ capital‚ conditions and collateral. EFI seek into character – the individual’s credibility and reputation‚ as can be determined through their credit reports and personal references‚ and capacity – or one’s ability to repay the loan. A healthy starting capital (which may include the owner’s personal assets) and financial conditions also help
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Concentration Ratios in Manufacturing ECO 204 Principles of Microeconomics June 28‚ 2011 Industries go through a lot of changes to make themselves successful. There is so much competition that they have to keep up with the market. Using the concentration ratio which is the share of industry output in sales or employment accounted for by the top firms (Karl Case‚ Ray Fair‚ Sharon Oster 2009 p285). Porter explains that there are five forces that determine industry attractiveness
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Table of content Introduction 2 Financial Analysis of Morrisons 3 Critical Assessment of the ratio analysis of William Jackson Food Group 8 Limitations and recommendations References Introduction This paper deals with the question of how a ratio analysis can help in determining the true value of a company. Therefore a critical ratio analysis of Morrisons‚ a supermarket which is listed on the London Stock Exchange will be done and then compared with the William Jackson Food Group
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Indian Banking Industry: An analysis 1. INTRODUCTION 1.1Industry definition: The Banking industry comprises of segments that provide financial assistance and advisory services to its customers by means of varied functions such as commercial banking‚ wholesale banking‚ personal banking‚ internet banking‚ mobile banking‚ credit unions‚ investment banking and the like. With years‚ banks are also adding services to their customers. The Indian banking industry is passing through a phase of customers
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