Finish three finance questions Essay Example | Topics and Well Written Essays - 2000 words

Finish three finance questions - Essay Example The recessionary woes prevalent in the country have adversely affected the business of company. As the recession has taken a strong hit on the manufacturing organizations, so has service sector been affected by it. Although revenue has declined by a meager percentage, the profitability of the company has been slashed down by 73.5% during the same year. The operating expenses have themselves decreased by 2.6% on account of declining revenues and a better allocation of resources by management during the period. Exceptional items occurrence in the operating expenses section have trimmed the profitability. They have increased from a tiny ?4.7 Million in 2008 to ?37.4 Million in 2009 which represents an increase of 687% over the period. Finance costs have also painted a dim picture of profitability increasing by 10.28% during the period from CY08 to CY09. The financial burden was magnified because of an increase in exceptional items occurring in the financial charges table which increase from ?4.2 Million to ?11.9 Million. Income taxes paid during the year decreased by 65.3% with the credit going to the inverse effect of exception items on the taxable income. In a nutshell, if we exclude the effects of exceptional items, the profitability has only shrunk by 20%. ... High gross margins of the company depict that the company is operating in service industry. Operating margins have decreased from a hefty 23.6% in CY08 to 17.6% in CY09. Increase in operating expenses has caused the company to bear the brunt of falling profitability. Operating expenses have increased by 8.38% during the calendar year. Incorporating the effect of exceptional items show that operating margins have only declined from 24.3% in CY08 to 22.8% in CY09. The explanation can be attributed to the ground that the company has incurred ?37 million additional in exceptional items under the operating expenses table. Hence, we expect that the future of the company will remain upbeat as these exceptional items will have a limited affect on future operations. Net Profit Margin of Marston group has squeezed from 9.3% in CY08 to 2.5% in CY09. Again, exceptional items are the main culprit to such a large decline in margins. Financial costs have jumped up by 10.3% during the period on acco unt of increasing exceptional items incurred within the financial charges category. Efficiency Analysis Asset turnover ratio decreased from 0.27 in CY08 to 0.265 in CY09. This implies that the company is generating ?0.265 in revenues for every ?1 in its assets. This decline is a result of squeezing out of revenues in FY09, although the impact has also been mitigated by a slight decrease in assets from ?2465.9 to ?2431.3 in CY09. Trade receivables day outstanding has increased from 41 days in CY08 to 45 days in CY09 which implies that receivables are being collected in a higher number of days in the previous year, thus marking a negative sign on efficiency of the company. As the organization is not a manufacturing concern,

Personal Statement for Master's degree Example | Topics and Well Written Essays - 500 words

For Master's degree - Personal Statement Example Since then, I have been striving hard to make this passion turn into reality. As such, I have majored in law in my current Bachelors’ studies, which gives me a good foundation to pursue Master’s in Commercial Law. Additionally, I have attended law-themed seminars and workshops, which have given me invaluable experience regarding the application of law career in real world scenarios. Apart from educational achievements, I am a very active individual, and I participate in sports. I hold several trophies owing to my exceptional performance in swimming and basketball. Hence, as I enrol to study in your institution, I would like to continue participating in these sporting activities and develop my potential further. I also possess various personal qualities that have helped me achieve the success I have so far, and will these continue to enhance my successful study and performance in your institution. I am a dedicated individual with good interpersonal skills, problem-solving skills, entrepreneurial skills, and leadership skills. In addition, I am a disciplined individual with the ability to work in collaboration with fellow students to achieve a set target or goal. These personal attributes are the core of my success, and will ensure that I survive in the challenging and demanding environment that characterize a graduate school, as well as the professional world. My career objective is to pursue a profession that will give me a thrilling experience, as I help people in need of my expertise while at the same time acquire additional knowledge with every case I handle. We live in a dynamic and quickly evolving world where new things emerge with every passing moment. Consequently, these emergences require new policies, laws, and tactics to handle. As such, I would want to be part of the team that spearhead approaches and solutions to new situations that arise in the field of commercial law. I trust Harvard University will