Merchandising Operations and the MultipleStep 采购业务和多步.pptVIP

* 57 PowerPoint Slides * 57 PowerPoint Slides * 60 PowerPoint Slides * 61 PowerPoint Slides * 60 PowerPoint Slides * 61 PowerPoint Slides * 60 PowerPoint Slides * 61 PowerPoint Slides * 110 PowerPoint Slides * 110 PowerPoint Slides * 112 PowerPoint Slides * 112 PowerPoint Slides * 112 PowerPoint Slides * 112 PowerPoint Slides Solvency Ratios Measure the ability of the enterprise to survive over a long period of time WHO CARES? Long-term creditors and stockholders Solvency Ratios Profitability Ratios Measure the income or operating success of an enterprise for a given period of time WHO CARES? Everybody WHY? A company’s income affects: its ability to obtain debt and equity financing its liquidity position its ability to grow Profitability Ratios Quality of Earnings A company that has a high quality of earnings provides full and transparent information that will not confuse or mislead users of the financial statements. Alternative Accounting Methods One company may use the FIFO method, while another company in the same industry may use LIFO. If the inventory is significant for both companies, it is unlikely that their current ratios are comparable. In addition to differences in inventory costing methods, differences also exist in reporting such items as depreciation, depletion, and amortization. Pro Forma Income A measure of the net income generated that usually excludes items that the company thinks are unusual or nonrecurring. Improper Recognition Offering big discounts (channel stuffing) to companies to get them to buy early- Often leads to disaster in subsequent periods. Improper capitalization of operating expenses Price Earnings Ratio The P/E ratio reflects the investors’ assessment of a company’s future earnings. Earnings Per Share and Price Earnings Ratio * 1 PowerPoint Slides * 2 PowerPoint Slides * 25 PowerPoint Slides * 5 PowerPoint Slides * 6 PowerPoint Slides * 7 PowerPoint Slides * 9 PowerPoint Slides * 13