BA 142: BUSINESS FINANCE 2 Investment Analysis Brief Company Background Jollibee Foods Corporation (JFC) is the Philippines’ largest Food Service business and is continuously expanding its presence in foreign countries. It has a System Wide Sales of P117.9 billion and a Net Income of P5.4 billion in 2014. JFC has a total store network of 2,951 stores worldwide as of March 31, 2015. In the Philippines, JFC’s store network totals to 2,335: Jollibee brand 869, Greenwich 216, Chowking 419, Red Ribbon
current assets and prevents working with few currents assets insufficient to fulfill the responsibilities. (Sen and Oruc, 2009). They went ahead to note that there is an optimum working capital level that strikes a balance between risk and efficiency. Moreover, a quest for such balance requires a constant monitoring of the elements forming working capital. The efficiency of the working capital of a business organization is measured using net working capital; which is the difference between the current
cost, a record of the actual transaction is made so that the evidence to support the figure in the financial statement is provided and observable. For example, when a company purchase an asset at RM 1 million, the transaction is recorded in the balance sheet by debiting the asset and crediting bank. Therefore, there is supporting record of the amounts paid in the financial statements. Current cost is objective for those market price are easy to obtain.However, for non-current assets, current cost
FINDINGS, CONCLUSIONS AND RECOMMENDATIONS 5.1 Findings This chapter is dedicated to provide selected findings and conclusions after comparatively analyzing of the financial performance of Ambo and Robi-berga farmers’ cooperatives unions, it also provide some recommendations to the concerned selected farmers’ cooperatives unions from the conclusions derived for the study. Although, by analyzing the financial statements it can be able to compare the financial performance of Ambo and Robi-berga farmers’
All the figures used are derived from Expedia’s income statement and balance sheet and are shown in tables throughout the text. Overall profitability The return of equity (ROE) for Expedia in the year 2014 is 14.69%, this is significantly greater than the ratios of the previous years, respectively 8,61% and 11.91%. The increase
associated goodwill from initial acquisition at the end of each reporting period may be time consuming and costly. 7) As a result of the introduction of IAS 36, there is much scope for creative accounting by keeping the goodwill as an asset in the balance sheet without writing it off and therefore not affecting the reported profits. The management would prefer no write-off of goodwill because of the potential negative impact on share prices. 8) The impairment test may lead to volatility in reported
ABSTRACT The topic of the report “Asset Management” was assigned as a part of term project for the course Performance Management by Dr. Beliz Ozhoron. I would like to thank her for giving me the opportunity to research and present This report will cover Asset Management. It will begin with the introduction and literature of asset management and then followed by some case studies which will be describing the importance of asset management. Finally Conclusion will finalize the report on Asset Management
integration & the need for liquidity management in organizations. The article also deals with the contrasting approaches to maximizing liquidity like Asian subsidiaries funding each other, concentrating funs worldwide and global treasury or moving excess balances directly to global treasury. Trends in Working Capital Management and its Impact on Firm’s performance by Kesseven Padachi: This paper discusses about the trend in working capital needs and profitability of firms to identify the causes
CHAPTER ONE 1. INTRODUCTION 1.1 Background of the study Corporate financial management primarily deals with three core areas that have a bearing on a firm’s financial goals. As postulated by Firer et al (2008), these three core areas of corporate finance are as follows: (1) capital budgeting, which encapsulates the process of planning and managing a firm’s long-term investments; (2), capital structure, which outlines the specific mixture of long-term debt and equity maintained by a firm and last
consequence of all the alternative actions. There are 3 main sources of data for financial analysis which are a company's balance sheet, income statement, and cash flow statement. By having company balance sheet, it will be able to help person in charge know the financial and physical resources that a company has for future business activities. There are two main elements of the balance sheet. There are assets and liabilities Assets generally including both which are current assets and noncurrent assets