Financial Statement Analysis: Adventure Sports
Ref: Financial Statement Analysis - Adventure Sports
Having listened to your predictions regarding Adventure Sports' chances of success, I decided to analyze the company's financial statements so as to determine who amongst you was right.
Looking at the company's income statements, it is clear that its profitability has been improving over time. While Adventure Sports had a net income of $1,000 in 2007, the same improved to $7,000 and then to $13,000 dollars in 2008 and 2009 respectively. This essentially represents a 1200% increase in the net income figure between the year 2007 and 2009. This is largely impressive. The sales figure also improved significantly within the three years under consideration. The increase in the cost...
Financial statement analysis is a tool by which one can examine the publicly-available financial statements to determine the financial condition of a company. The role of the financial statements is to provide information for both internal and external stakeholders, including shareholders and regulators, about a company's finances. Thus, the SEC demands that financial statements are produced in a specific format so that there is easy comparison between companies and across
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This has been especially true in China and other Asian countries during the past several decades of economic expansion in that region of the world (Bai et al. 2008). Government stakeholders in many of these countries have benefited along with corporations in obscure and outright false financial statements and analyses as they have attracted money form foreign as well as domestic investors an enabled national growth for many Asian
This means that Ferrellgas is in risk of default. The company paid more in dividends last year than it earned in cash from operations. In short, Ferrellgas has an unsustainable burn rate. While Inergy had a poor financial position, it was able to tap into capital markets to alleviate any cash crunch -- Ferrellgas has yet to do this and of all these firms is the closest to default. Amerigas
Managing its fleet. This pertains to the optimization of an Airline's major assets, which is its airplanes, which is measure by its load factor, which is that percentage of an airplane's sets that are sold and actually filled at departure. The Company's load factor continues to increase from 69.5% in 2004, to 70.7% in 2005 to 73.1% in 2006. The Company is able to maximize its fleet by reducing its
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