WPP PLC Financial Report Essay Example | Topics and Well Written Essays - 3000 words

WPP PLC Financial Report - Essay Example The comparison of these ratios shows that current asset has not been utilized well as compared to fixed assets. The stock turnover ratio indicates that WPP PLC has replaced its stock almost 62.4 times during the year. In other words, it can be said that the company generated $62.4 worth of sales for every $1 invested in stock. Debtor Day's Collection Period Debtors__ x 365 Cash Sales = 50 days Creditor Day's Payment Period Creditors x 365 Purchases = 125 days Difference between creditor and debtor days for 2004 is positive: Creditor days - Debtor days= 125 days - 50 days = 75 The firm takes considerably longer (75 days longer, on average) to pay its creditors than it does to obtain payment from its debtors, having a good sign for the business. 4- LIQUIDITY The ability of WPP PLC to 'pay its way' or to satisfy financial obligations without difficulty as and when they become due can be analyzed with the help of following ratios: Current Ratio Current Assets___ Current Liabilities = 0.87: 1 Acid Test (Or Quick) Ratio Current Assets- Stock Current Liabilities = 0.82: 1 Thus, the above ratios don't show a good position of the company in terms of its current assets and liabilities. It reveals that the company doesn't have enough liquid assets to pay off its short-term liabilities when they become due. 5- SOLVENCY To obtain an indication of the company's longer-term solvency and its degree of financial risk, following ratios would be used: Gearing (Or Leverage) Ratio Total Debt Capital x 100 Total Equity Capital = 33.28% Debt Ratio Total Debt Capital_________ x 100 Total Assets (Fixed + Current) = 11.66% It shows that total debt capital of the... The above ratios reveal that the company had 5.79% return on capital employed in 2004. The gross profit and net profit ratios show that the company had 95.12% gross profit on sales while 10.58% net profit on sales. This gap makes clear that the company is paying heavy operating costs, which is having a decreasing impact on its profitability. The above ratios show that WPP PLC generates value and sales for its business 1.7 times of total assets, 3 times of fixed assets 62.4 times of stock (shows efficiency of stock) and 15.9 times of cash. The comparison of these ratios shows that current asset has not been utilized well as compared to fixed assets. The stock turnover ratio indicates that WPP PLC has replaced its stock almost 62.4 times during the year. In other words, it can be said that the company generated $62.4 worth of sales for every $1 invested in stock. Thus, the above ratios don't show a good position of the company in terms of its current assets and liabilities. It reveals that the company doesn't have enough liquid assets to pay off its short-term liabilities when they become due. The above ratios indicate the future share valuation of WPP PLC in terms of its current market price and Earnings Per Share (EPS).

The differences between National Income and Gross National Happiness Essay

The differences between National Income and Gross National Happiness - Essay Example This research will begin with the statement that Gross Domestic Product is a measure of the level of income yielded by an economy over a stipulated period – generally, this time period varies between one quarter and a complete year depending upon the end period when data is published by the authoritative body. It is actually an estimation of the size of the market underlying the economy on the basis of goods and services sold in it through the specific time span. This is essentially a flow measure that takes into account only productive activities through measures are adopted to avoid double counting; transfer of financial assets between hands is ignored while estimating the same. In other words, only those goods and services produced or sold legibly in the domestic market are included in the GDP measure of an economy. Nevertheless, these productive measures also include activities which ultimately might contribute to the devastation of mankind and almost every form of life on earth. For instance, expenditures incurred as parts of security and safety measures such as those for defense or for scientific research which might create pollution, positively influence economic development of a nation. On the other hand, volunteering tasks that people engage themselves during periods of exigencies are often eliminated from channels towards development primarily because those works are not marketed.... 5-7). Factors leading to environmental degradation are some of the most vital factors which must not be ignored while assessing the quality of human life. One of the most important of such elements is the excessive use of fossil fuels which almost goes hand-in-hand with economic development though such activities could hamper the smooth flow of human life over time. In order to include these factors as a part of index for development, many organisations have suggested the use of complementary indicators which adjust the value of GDP in a nation in terms of environmental and quality of life aspects, which hints towards the significance of Gross National Happiness as a measure of economic development (European Commission, 2010). Two other factors which characterise Gross Domestic Product are that they do not represent the allocation of resources across cross-section. In addition, the components underlying GDP do not include most of the factors used by an average individual, which is wh y it cannot be regarded as a measure of social welfare (Naess & Rothenberg, 1990, p. 112). In fact, a rise in income need not reflect a betterment in the standard of living as had been empirically found in many researches. An eminent one out of them considers the time-series of happiness in relation to an enhancement in the economic growth rates in Japan when it was recuperating from the shocks of World War II. Between 1958 and 1987, real per capita income of Japan was raised five times that was reflected through an increased production of consumer durable goods, though no considerable change in the average level of subjective well-being in the nation (Easterlin, 1994, p. 38-40). Gross National

Video performance viewing Essay Example | Topics and Well Written Essays - 250 words

Video performance viewing - Essay Example The movement of the dancers can be seen to reflect this mood, especially through my favorite dance move during the ‘Jellicle’ Song. My favorite dance move would be the one, where majority of the cats come rushing into the foreground from the background, that is of an elevated platform, while some cats still remain on that platform. The sudden movement is the exact of a cat, which has spotted a ball of yarn and is eager to play with it, and the dance movements that follow, such as the twirl and arm movements, exactly give the feeling of a cat extending its paws to tap the ball of yarn. Here, the performers are seen to use the maximum space in stage, as they cover up the foreground as well as the background. The characters have been well developed and portrayed, not only do they have great costumes, but they have been able to capture the essence of domestic felines to the best extent. The various dance moves, such as the short leaps represent the movement of real cats, such as when they pounce on their preys etc, thus communicating feelings of victory, happiness etc. Therefore, it becomes clear how dance is used to express or communicate feelings and thoughts through theatre, and moreover, the music or scores are seen to strengthen the portrayal of these thoughts and feelings, thus helping the audience to better grasp the storyline as well as the major