East Coast Yachts key Essay Essay Example

East Coast Yachts key Essay Essay 1. Calculate all of the ratios listed in the industry tabular array for East Coast Yachts Current ratio=CA/CL= 14. 651. 000/19. 539. 000=0. 75Quick Ratio= ( CA-Inventory ) /CL= ( 14651000-6136000 ) /19539000=0. 44 Entire assert turnover=Sales / Entire Assets=167310000/108615000=1. 54 Inventory turnover=Cost of Goods Sold / Inventory=117910000/6136000=19. 22 Receivable turnover=Sales / Histories Receivable=167310000/5473000=30. 57 Debt ratio ( TA-TE ) /TA= ( 108615000-55341000 ) /108615000=0. 49 Debt-equity ratio=TD/TE=33735000/55341000=0. 61Equity multiplier=TA/TE=108615000/55341000=1. 96Interest coverage=23496000/300900=7. 96Net income margin=Net Income / Sales=12562200/167310000=0. 07Tax return on asserts=Net Income / Total Assets=12562200/108615000=0. 12 Return on equity=Net Income / Total Equity=12562200/55341000=0. 23 We will write a custom essay sample on East Coast Yachts key Essay specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on East Coast Yachts key Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on East Coast Yachts key Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer 2. Compare the public presentation of East Coast Yachts to the industry as a whole. For each ratio. remark on why it might be viewed as positive or negative relation to the industry. Suppose you create an stock list ratio calculated as stock list divided by current liabilities. How do you construe this ratio? How does East Coast Yachts comparison to the industry norm? Current ratio is negative because CA smaller than CL Quick Ratio is positive because the ratio is bigger than the industry upper quartile ratio. Entire assert turnover is positive the ratio because the ratio is bigger than the industry upper quartile ratio. Inventory turnover is positive because it is higher than the industry norm. It represents that the company has a high gross revenues based on its stock list. Receivable turnover is positive because it shows that the company can roll up the gross revenues faster. Debt ratio is positive because it shows that the company has a lower debt hazard than the industry norm. Debt-equity ratio is positive because it shows that the company is less aggressive utilizing debt which means the company has comparatively lower debt hazard. Equity multiplier is negative because it shows that the company has a lower accounting return. Interestcoverage= Net income border is about the same with the industry norm. Tax return on assets is positive because the net income per dollar of assets is higher than the industry norm. Tax return on equity is positive because it shows that the company has better shareholder’s menu. Inventory Ratio= CL /Inventory =19539000/6136000=3. 18 Inventory is negative It is still smaller than industry lower quartile It represents that the company has a low gross revenues based on its stock list. 3. Calculate the sustainable growing rate of East Coast Yachts. Calculate external financess needed ( EFN ) and prepare pro forma income statements and balance sheets presuming growing at exactly this rate. Recalculate the ratios in the old inquiry. What do you detect? ROE=ni/te=125622000/55341000=0. 23 B=re/ni=5024800/12562200=0. 4Sustainable Growth rate=ROE*b/1-roe*b=0. 23*0. 4/1-0. 23*0. 40=0. 099 EFN= TA- ( TL+E ) =108615000*1. 099-(19539000*1. 099+3373500+55341000*1. 1099)=3166002 All Current ratio=CA/CL= 14. 651. 000*1. 09/19. 539. 000*1. 09=0. 75 QuickRatio= ( CA-Inventory ) /CL= ( 14651000*1. 09-6136000*1. 09 ) /19539000*1. 09=0. 44 Entire assert turnover=Sales / Entire Assets=167310000*1. 09/108615000*1. 09=1. 54 Inventory turnover=Cost of Goods Sold / Inventory=117910000*1. 09/6136000*1. 09=19. 22 Receivable turnover=Sales / Histories Receivable=167310000*1. 09/5473000*1. 09=30. 57 Debt ratio ( TA-TE ) /TA= ( 108615000-55341000*1. 09 ) /108615000*1. 09=0. 49 Debt-equity ratio=TD/TE=33735000*1. 09/55341000*1. 09=0. 61 Equity multiplier=TA/TE=108615000*1. 09/55341000*1. 09=1. 96Interest coverage=23496000*1. 09/300900*1. 09=8. 93Net income margin=Net Income / Sales=12562200*1. 09/167310000*1. 09=0. 07 Tax return onasserts=Net Income / Total Assets=12562200*1. 09/108615000*1. 09=0. 12 Return on equity=Net Income / Total Equity=12562200*1. 09/55341000*1. 09=0. 23 Merely involvement coverage changed. 4As a practical affair. East Coast Yachts is improbable to be willing to raise external equity capital. in portion because the proprietors don’t want to thin their bing ownership and control places. However. East Coast Yachts is be aftering for a growing rate of 20 per centum following twelvemonth. What are your decisions and recommendations about the feasibleness of East Coast’s enlargement programs? EFN= TA- ( TL+E ) =108615000*1. 2-(19539000*1. 2+3373500+55341000*1. 2)=8753040 5. Most assets can be increased as a per centum of gross revenues. For case. hard currency can be increased by any sum. However. fixed assets frequently must be increased in specific sums because it is impossible. as a practical affair. to purchase portion of a new works or machine. In this instance a company has a â€Å"staircase† or â€Å"lumpy† fixed cost construction. Assume that East Coast Yachts is presently bring forthing at 100 per centum Of capacity. As a consequence. to spread out production. the company must put up an wholly new line at a cost of $ 30 million. Calculate the new EFN with this premise. What does this imply about capacity use for East Coast Yachts following twelvemonth? Depreciation percentage= $ 5. 460. 000 / $ 93. 964. 000= . 0581Pro forma depreciation=0. 581*123964000=7203221 EFN= TA- ( TL+E ) =108615000*1. 2+3000000 -(19539000*1. 2+3373500+55341000*1. 2=23004405 The fixed assets have increased faster than gross revenues. so the capacity use for following twelvemonth will diminish.

Understanding Difficult Biology Words

Understanding Difficult Biology Words One of the keys to being successful in biology is being able to understand the terminology. Difficult biology words and terms can be made easy to understand by becoming familiar with common prefixes and suffixes used in biology. These affixes, derived from Latin and Greek roots, form the basis for many difficult biology words. Biology Terms Below is a list of a few biology words and terms that many biology students find difficult to understand. By breaking these words down into discrete units, even the most complex terms can be understood. Autotroph This word can be separated as follows: Auto - troph.Auto - means self, troph - means nourish. Autotrophs are organisms capable of self-nourishment. Cytokinesis This word can be separated as follows: Cyto - kinesis.Cyto - means cell, kinesis - means movement. Cytokinesis refers to the movement of the cytoplasm that produces distinct daughter cells during cell division. Eukaryote This word can be separated as follows: Eu - karyo - te.Eu - means true, karyo - means nucleus. A eukaryote is an organism whose cells contain a true membrane-bound nucleus. Heterozygous This word can be separated as follows: Hetero - zyg - ous.Hetero - means different, zyg - means yolk or union, ous - means characterized by or full of. Heterozygous refers to a union characterized by the joining of two different alleles for a given trait. Hydrophilic This word can be separated as follows: Hydro - philic.Hydro - refers to water, philic - means love. Hydrophilic means water-loving. Oligosaccharide This word can be separated as follows: Oligo - saccharide.Oligo - means few or little, saccharide - means sugar. An oligosaccharide is a carbohydrate that contains a small number of component sugars. Osteoblast This word can be separated as follows: Osteo - blast.Osteo - means bone, blast - means bud or germ (early form of an organism). An osteoblast is a cell from which bone is derived. Tegmentum This word can be separated as follows: Teg - ment - um.Teg - means cover, ment - refers to mind or brain. The tegmentum is the bundle of fibers that cover the brain. Key Takeaways To be successful in the sciences, particularly in biology, one must understand the terminology.Common affixes (prefixes and suffixes) that are used in biology are often derived from Latin and Greek roots.These affixes form the basis for many difficult biology words.By breaking these difficult terms down into their formative units, even the most complex biological words can be easily understood. Additional Biology Terms For more practice with breaking down biology terms, review the words below. The main prefixes and suffixes used are angio-, -troph, and -trophy. Allotroph (allo - troph) Allotrophs are organisms that get their energy from food obtained from their environments. Angiostenosis (angio - stenosis) Refers to the narrowing of a vessel, particularly a blood vessel. Angiomyogenesis (angio - myo - genesis) A medical term referring to the regeneration of heart tissue. Angiostimulatory (angio - stimulatory) Refers to the growth and stimulation of blood vessels. Axonotrophy (axono - trophy) Is a condition where axons are destroyed due to disease. Biotroph (bio - troph) Biotrophs are parasites that do not kill their hosts. They establish a long-term infection to continue to get their energy from the living cells. Bradytroph (brady - troph) Bradytroph refers to an organism that experiences very slow growth without a particular substance. Cellulotrophy (cellulo - trophy) This term refers to the digestion of cellulose, an organic polymer. Chemotrophy (chemo - trophy) Chemotrophy refers to an organism making its energy by the oxidation of molecules. Electrotroph (electro - troph) These are organisms that can obtain their energy from an electric source. Necrotroph (necro - troph) Unlike the aforementioned biotrophs, necrotrophs are parasites that kill their host since they survive on the dead remains. Oligotroph (oligo - troph) Organisms that can live in places with very few nutrients are called oligotrophs. Oxalotrophy (oxalo - trophy) Refers to organisms that metabolize oxalates or oxalic acid. Biology Word Dissections For more information on how to understand difficult biology words or terms see: Biology Word Dissections - Pneumonoultramicroscopicsilicovolcanoconiosis. Yes, this is an actual word. What does it mean?

Censorship Essay Example | Topics and Well Written Essays - 1000 words

Censorship - Essay Example There has always been a conflict regarding this issue as many people argue for and against drawing a protocol of guidelines on what can be said on the mass media. From the beginning of civilization, censorship has been used by groups as well as individuals to prevent and control artistic creations, information and ideas. The main causes of censorship are religion, politics and sex related issues. Censorship is particularly dominant in libraries, especially school libraries. The relationship between the libraries and censorship has always been tumultuous. The banning of certain ideas, thoughts and information in libraries as well as media is unconstitutional as the First Amendment guarantees freedom of speech and of the press. No individual or groups should forbid anyone from accessing information. As such, censorship should not be done in libraries as it restricts access to literature and is unconstitutional to limit the intellectual freedom of knowledge. Censorship is authoritarian and it hampers to the growth of literature. It is unjustifiable for libraries to limit the access to knowledge and dictate what is right and wrong in the works of literature. Censorship also undermines the faith of the intelligence of the readers and at the same time oppresses free thinking. It not only obstructs the growth of literature but also, the development of creativity in students. There are also many rationalizations that are used by people in favor of censorship in libraries. One of the common arguments in favor of censorship is that the information or a piece of literature which are deemed as dangerous or misleading by the standard of authorities must be suppressed as they can corrupt the youth. People who are in favor of censorship are also of the view that students should not be subjected to controversial issues in literature as these may lead them astray. Censorships are also solely motivated by morality and the belief that exposure to violence in literature causes stu dents to behave in a destructive ways. All these arguments do make sense. However, in reality this is an attempt to put students inside a bubble where they are protected from the issues of the outside world. There is no evidence to prove that fictional violence causes students to be become violent or that students who are exposed to violence in literature are prone to act violently. If literature is censored solely on the base of the actions of unstable people, no work of literature or art can survive. Many works of literature are banned in schools in the 90s: Of Mice and Men, Catcher in the Rye, The grapes of Wrath, Lord of the Flies etc are some examples. All these books are award winning classics and amazing literature in their own rights, which have the ability to influence people positively. Most frequently, books are censored by school libraries as they contain violence, sex, homosexuality and rebellious children. â€Å"Behind textbook controversies, are beliefs and values th at encompass more than curriculum decision in classroom† (June 1). But, the real question is why should students be prohibited from reading books which have lesbians as the main character or about gay couples? It is not that students are not aware of such issues and the reality is that the libraries are just dictating a norm of regulated rules as to how an individual should behave in society. The libraries are acting as