Analysis of Financial Statements of Bogus Limited For the Year-ended Essay

Analysis of Financial Statements of Bogus Limited For the Year-ended 30 June 2004-2005 - Essay Example The firm's inventory turnover also shows net improvements in its efficiency. In terms of stability, although there is marked recovery in the leverage and liquidity ratios, Bogus Limited's debt ratios imply that the firm is still highly leveraged and may possibly encounter liquidity problems in the future as a result of its financial positioning. Given these outcomes, a potential shareholder is recommended to invest in the company and take advantage of the firm's bright earnings prospect. In light of the firm's highly-leveraged position, a potential creditor is recommended to prudently extend credit line to Bogus Limited. Prior to arriving at an investment decision, potential shareholders and creditors must initially analyse the financial position and health of a particular company. This report provides an overview of the financial standing of Bogus Limited as at year-end 30 June 2005. It intends to aid a potential shareholder in assessing the feasibility of investing in the company's stocks by reviewing the overall and per-share performance of the firm in the past two years. Moreover, this report aims to assist a potential creditor in evaluating the company's financial health by looking at the efficiency and stability of Bogus Limited as indicated by the liquidity, leverage and turnover ratios posted in the given period. Body of the Report Performance Based on the income statement of Bogus Limited for year-end 2005 and 2004, the firm's sales increased by 26% or $554.4 million, from $2,124.1 million to $2,678.5 million. This signals that the company has sustained its earnings growth from operations in the last two years. This assertion on the firm's profitability is supported by the net profit margin posted that rose to 13% as at year-end 30 June 2005 from 11% in the previous year. Although the company's cost of goods sold substantially increased resulting in lower gross profit margin, Bogus Limited is

Rome Essay Example | Topics and Well Written Essays - 750 words

Rome - Essay Example Plagues and floods took their toll. More crucially, the aqueducts which had formed the backbone of the efficient and complex water supply system that served most of Rome fell into disrepair after barbarian raids, leading to the population shrinking towards the river Tiber and around the Campus Martius, and falling to less than 50,000 people. Into this situation the popes of Rome stepped in, creating a serviceable network of churches and ecclesiastical institutions in order to govern the city. The city was thus introduced to Christianity and soon laid claims to being the most important Christian spiritual center. But the Church was not alone in wanting to govern Rome. By 552CE, Rome came to be occupied by the Byzantine empire, and thus began a conflict of interest between the church and the Byzantine regime that was to last for the next few centuries. Under the Byzantine rule, trade, commerce and administration deteriorated, and Rome became a shadow of its former self. The Byzantine emperor Constans II visited Rome in 663 CE, only to strip the city of all its metal from buildings and statues in order to make armaments. The Byzantine city of Constantinople soon emerged to usurp all the commercial successes of Rome, and its former influence in trade in Europe and Asia. With the decimation of the aristocratic class of Rome, a huge market of luxurious goods eventually disappeared taking away prosperity from the common people of Rome, many of whom had found jobs in the trade or manufacture of luxury items. A lot of the famous Roman skills in artisanship also disappeared due this lack of market. More and more people began leaving Rome. Trade in Rome also suffered due to insecure road and maritime travel at the mercy of Germanic and barbarian tribes in what was left of the mighty Roman empire. After Pope Gregory I took over in the 6th century and began to exert more influence than the Byzantine imperial exarchs, the populace of Rome got divided into the clergy, nobility, soldiers, and the lowest class, thus introducing a sphere of Christian influence in socio-political scenario in Rome. But the Church and its members that wanted to govern Rome along with the Byzantian empire were more interested in self-aggrandizement than in the benefit of the city itself, having become too used to the luxurious ways of the erstwhile Roman elite. Even before the fall of Rome, the popes had concentrated their energies in developing their own domain at the eastern edge of the city far away from other Roman habitations, called the Lateran. It is to Lateran that the church limited most of its activities in Rome largely ignoring the disrepair to which the city gradually fell. The pilgrimage to the shrine of St. Peter, where the saint's holy remains were supposed to have been interred, became a sort of commercial activity around which a suburb developed after a fashion, but even the visiting pilgrims who came to pay their homage failed to make any difference to the state of Rome and its gradual decline. Even after the suzerainty of Rome to the Byzantine empire was formally over in the 800CE with the crowning of Charlemagne as Holy Roman Emperor by Pope Leo III, the papacy was not able to consolidate its hold over the city, and the Arabs sacked