Ratio analysis Coursework Example | Topics and Well Written Essays - 1500 words

Ratio analysis - Coursework Example This difference could have been caused by a reduction in expenses including operating and financing expenses. ROCE also increased from 25.03% to 32.18% which shows a difference of 7.15%. This difference could be due to efficient utilization of assets to produce income and effective asset management. Liquidity of the company can be assessed using current ratio and quick ratio. Current ratio measures the number of times that current liabilities can be financed by current assets before they are exhausted (Pollitt, 2001). Quick ratio measures how current liabilities can be measured by more liquid assets before they are exhausted. The current ratio of Youngs increased from 1.37 in 2013 to 1.48 in 2014. This means that the company was able to meet its obligations faster in 2013 than 2013, i.e. it was able to meet its financial obligations easier in 2014 than 2013. The quick ratio of the company also increased from 0.36 in 2013 to 0.43 in 2014. Therefore, the company was more liquid in 2013 than 2014. This liquidity could be due to effective cash management in the company. Efficiency of Youngs can be determined by inventory turnover and total asset turnover. The inventory or stock turnover measures the number of times that stock is turned into sales in a year (Fridson & Alvarez, 2002). Total asset turnover measures the amount of sales generated by the sale of a single unit of the total assets. The total asset turnover of Youngs was 2.11 in 2013 and 2.09 in 2014. This means that a single unit of asset was used to generate 2.11 units of sales in 2013 and 2.09 units of sales in 2014. However, the difference between the inventory turnovers in the two years was -0.02 which is a negative figure. It could be because the company acquired more assets and failed to utilize the new assets efficiently to generate more sales. The company also had an inventory turnover of 6.85 in 2013 and 6.88 in 2014. This indicates that the company turned its stock

FBI Essay Example | Topics and Well Written Essays - 250 words

FBI - Essay Example Department of Justice 1). FBI is one of the powerful and the largest agency in the world that not only deals with the law enforcement but also aim to end terrorism. Its official mission is upholding the law through investigating violation of the criminal law, protecting the United States from external attacks such as terrorists’ activities, and providing leadership and support to both local and international authorities (U.S. Department of Justice 1). The FBI performs its responsibilities in accordance to the constitution and in line with the public needs. The FBI does have the power to prosecute or take charge of any case from the local agencies. FBI also has different divisions that are in charge of processing information and handling different incidents under the justice department. The three FBI divisions include the IT Management Division, the IT Services Division, and the IT Engineering Division (U.S. Department of Justice 1). The FBI operates on a culture that seeks to serve America and its citizens. FBI Agents cannot wiretap suspects unless they have a court order to do so and it is regarded as felony incase wiretapping is done without a court order. Director James Comey is the current head of the FBI department (U.S. Department of Justice