In: Computers and Technology

Submitted By reagina86
Words 539
Pages 3
Ralph Lauren Corporation

When assessing the financial position of Ralph Lauren Corporation (RL), an investor must also look at the financial condition of the industry in which the company resides. In the case of Ralph Lauren, the company falls under the industry of apparel, accessories, and luxury goods. The company has brought the world a luxury brand of lifestyle goods since its humble beginnings in 1967. According to Standards and Poor’s Net Advantage (S&P), the industry is neutral with the expectation that accessories and luxury goods will out-do apparel within the next term (S&P Net Advantage, 2014). Ralph Lauren Corporation has a recognizably strong brand and has many accessories and luxury goods that will put them in a good position even if the apparel side of the company lacks in any way.
Financial Position and Outlook Ralph Lauren currently “holds leading market shares in department stores” (S&P Net Advantage, 2014). The financial position of the company is in good standing and has resulted in a steady growth of net income over the past five years. Measuring liquidity is a way to know RL’s ability to turn an investment back into cash when needed (Brealey, Myers, Marcus, 2012, p.44). With a current ratio of 2.6, this indicates that the company has short-term financial strength with the ability to meet creditor’s demands (Yahoo Finance, 2014). When looking at the price-earnings (P/E) ratio, it is important to also look at the competitors P/E ratio to truly gain an understanding of the industry’s average ratio. In the case of the apparel industry, the P/E ratio average is 20-25. RL’s price-earnings ratio is 21.6, which indicates that the investors are confident in the price of stock relative to the earnings per share (S&P Net Advantage, 2014). With a S&P credit rating of A and a growth of earnings per share, the financial…...

Similar Documents

Accounting and Finanace

...Accounting for Business Combinations: A Test for Long-Term Market Memory By Pongprot Chatraphorn Dissertation submitted to the faculty of the Virginia Polytechnic Institute and State University in partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY In Business Administration with a Concentration in Accounting Dr. John A. Brozovsky, Chair Dr. Anthony J. Amoruso Dr. Robert M. Brown Dr. Frederick M. Richardson Dr. Keying Ye December 19, 2001 Blacksburg, Virginia Keywords: Business Combinations, Mergers, Acquisitions, Pooling, Purchase Accounting Copyright 2001, Pongprot Chatraphorn Accounting for Business Combinations: A Test for Long-Term Market Memory Pongprot Chatraphorn ABSTRACT The purpose of this research is to examine whether accounting methods for business combinations (purchase and pooling-of-interests accounting) have a different effect on firms’ market value of equity in the combination year and thereafter. In particular, after the accounting method is no longer disclosed in the financial statements, does it have an impact on market value of equity of the combined firms because the accounting figures are different? A five-year period subsequent to a particular business combination is used because public companies are not required to disclose the details of the combination for more than three years after the effective date of the combination. This research, thus, tests whether market participants still take......

Words: 13897 - Pages: 56

Casa de Diseno

...normally receives the payment directly from the customers when they make the payment. 3. Floating inventory lien A lender may be willing to secure a loan under a floating inventory lien, which is claim on inventory in general and a borrower use the inventory as collateral for a loan. It is often used with a diversified group of relatively inexpensive merchandise. 4. Trust receipt inventory loans It is often can be made against relatively expensive automotive, consumer durable, and industrial goods that can be identified by serial number. The loan is repaid when the merchandise sold. 5. Warehouse receipt loans It is an artangement whereby the lender, which maybe a commercial bank or finanace company, receives control of the pledged in inventory collateral, which is stored by a designated agent on the lender's behalf....

Words: 896 - Pages: 4


...Managing Financial Resources and Decision Assignment One As the CFO of 'New Dream' I need to study about our sources of finance including internal and external sources in fifferent stage for the development in new dream. I will give my professional advises onto three task-it is true that profit is source of funding to run New dream?And i also need to find the sources of funding availble for a business project,and no matter it is in private sector,public listing sector or in public sector,on task two,i need to explain and assess the implications of the different sources or funding,on the last task,i need to find out the life-span situation of New Dream and evaluate appropriate source of finanace for starting-up the 'New Dream' and in different stage of New Dream's situations. First,i would like to talk about source of funding of New Dream.New dream is a Educational institutions,it provided english courses for chinese students who want to study TOEFL.In other words,New dream mainly provided knowledge to students,we can see that New Dream make profit by providing english courses to students,about sources of funding,there are three way of company to do funding,such as make profit by selling a product for more than it costs to produce,companies can borrow money. This can be done privately through bank loans, or it can be done publicly through a debt issue. The drawback of borrowing money is the interest that must be paid to the lender,and company can generate money by......

Words: 2810 - Pages: 12


...Student Achievement WASC Action Plan - Physical Education Student Achievement What's Docstoc Docstoc is the premier online destination to start and grow small businesses. It hosts the best quality and widest selection of professional documents (over 20 million) and resources including expert videos, articles and productivity tools to make every small business better. Using Docstoc Search or Browse for any specific document or resource you need for your business. Or explore our curated resources for Starting a Business, Growing a Business or for Professional Development. Need Help? Feel free to Contact Us with any questions you might have. Document and Resource Categories All Docs DocStore Legal Business Personal Finanace Technology Education Jobs & Careers Tax Current Events Politics & History Guides Science Entertainment Health & Fitness Medicine Real Estate About Us What is Docstoc? FAQs Contact Us Blog Join Our Team RSS Feeds Products Docstoc Premium License123 Custom Docs Mobile Apps Docstoc iPad DocStore Mobile Mode Upload and Share Why Upload? Embed Documents Docstoc OneClick Docstoc Sync Docstoc API Legal Docstoc Terms of Service DocStore Terms of Service Copyright DMCA Guidelines Privacy Policy...

Words: 540 - Pages: 3

Finanace Quiz

...Rahi Patel 2/18/2014 FIN 230: Quiz 1 1A) how many elements does the data contain? 7 1B) how many variables are in the data set? 3 1C) which variables are quantitative and which are categorical? Size is categorical and Median income and Unemployment are quantitative. 2A) Compute the average income for the sample. Average=57,500 2B) Compute the average unemployment rate for the sample. Average=8.4 2C) What percentage of the towns in the sample are small towns? 3/7*100=42.8% 3A) How many variables are in the data set? 4 3B) which variables are categorical and which are quantitative? Exchange is categorical and Market cap, P/E ratio, and Gross profit margin are all quantitative. 3C) what is the average P/E Ratio for the sample. Average=22.16 or 22.2 3D) Show a frequency diagram for P/E using the following intervals. I answered it on Excel. 4A) Construct a frequency distribution. Answer in Excel 4B) Construct a relative frequency distribution. Answer in Excel 4C) Construct a cumulative frequency distribution. Answer in Excel 4D) Construct a relative cumulative frequency distribution. Answer in Excel 4E) What proportion of waiting times is below 46 minutes? Answer in Excel 5A) compute the mean, median and mode of the data set. Mean=7.5, Medican=7.250, and Mode=5,7,8 5B) What is the first quartile? Q1=5.125 5C) What is the third quartile? Q3= 9.750 6A) Compute the mean, variance, and SD for gasoline prices. Answer in Excel 6B) Compute the range and......

Words: 402 - Pages: 2


...PETRONAS GAS BERHAD PETRONAS Gas Berhad (PGB) has been in business for 30 years and is still growing strong. Since its incorporation in 1983, PGB’s business has vastly expanded in spite of challenges faced. Today, PGB has prospered as Malaysia’s leading gas infrastructure and utilities with business presence throughout the country. ORGANISATIONAL STRUCTURE     ​        Definition of corporate governance “…is the process and structure used to direct and manage the business and affairs of the company towards enhancing business prosperity and corporate accountability with the ultimate objective of realizing long term shareholder value, whilst taking into account the interest of other shareholders”. The Board of Directors (Board) of PETRONAS Gas Berhad in this Corporate Governance Statement complies with paragraph 15.25 of the Main Market Listing Requirements (MMLR) and applied in full the Principles of Corporate Governance and the Best Practices in Corporate Governance as set out in the Malaysian Code on Corporate Governance. Principle 1: Establish Clear Roles and Responsibilities The chairman leads the Board, and the President and Group Chief Executive Officer (CEO) leads the executive management of the Company and provides direction for the implementation of the strategies and business plan as approved by the Board and the overall management of the business operations Groupwide. The Board of Directors (Board) of PETRONAS Gas Berhad recognizes that its......

Words: 5566 - Pages: 23

Financial Ratios Analysis and Comparison Paper

...50 | |Profitability |  |  |  |  | |Return on equity |0.16 |0.16 |0.17 |NA | |Assets turnover |0.062 |0.054 |0.052 |0.031 | |Total margin |0.39 |0.39 |0.44 |NA | Above table of financial ratios indicating that current ratio of hospital is less than two in line with industrial average. Quick ratio is above 1 which means hospital has good cash which is also reflecting in debt ratios (Daily Finanace, 2014). Debt ratios as far below than industrial average which means hospital has strong financial position and capability to pay its debt. Hospital can also sustain even in poor time. Hospitals assets and receivable turnover are matching the industrial trend; however, inventory turnover is much higher which shows good capability of hospital in converting inventory into sales. Overall the hospital has very strong financial position in terms of holding cash, paying its debt and generating good sales. The situation can improve further if hospital start close monitoring of debt covenants, better collection program, improve quality of healthcare services, and adopt advance technology to manage records. Hospital should also implement......

Words: 1464 - Pages: 6


...Problem 1 Messinger Manufacturing Company had the following account balances for the quarter ending March 31, unless otherwise noted: (Assume actual costing is used) Work-in-process inventory (January 1) $ 140,400 Work-in-process inventory (March 31) 171,000 Finished goods inventory (January 1) 540,000 Finished goods inventory (March 31) 510,000 Direct materials used 378,000 Indirect materials used 84,000 Direct manufacturing labor 480,000 Indirect manufacturing labor 186,000 Property taxes on manufacturing plant building 28,800 Salespersons' company vehicle costs 12,000 Depreciation of manufacturing equipment 264,000 Depreciation of office equipment 123,600 Miscellaneous plant overhead 135,000 Plant utilities 92,400 General office expenses 305,400 Marketing distribution costs 30,000 Required: Calculate: a. Cost of goods manufactured. b. Cost of goods sold. Problem 2 Jacobs Company manufactures refrigerators. The company uses a budgeted indirect-cost rate for its manufacturing operations and during 20X5 allocated $1,000,000 to work-in-process inventory. Actual overhead incurred was $1,100,000. Ending balances in the following accounts are: Work-in-Process $ 100,000 Finished Goods 750,000 Cost of......

Words: 600 - Pages: 3

Finanace Paper

...Dorise Henderson American Intercontinental University Unit 5 Individual Project Microeconomics (ECON220 -1601A-06) February 5th, 2016 Abstract In todays’ assignment we will describe and analyze the impact of those mergers, on industry, on consumers, and on society as a whole. We will also describe the principles firm, their industry, and that summarizes arguments in support of the merger and arguments opposing the merger.  When we think about many of the major companies today we are able to see that many of the big businesses like Office Depot have brought out Office Max and one of the reasons is because they wanted to be the strongest as a company in their area of sells against their rival in 2011. Well to be honest it may seem simple but it actually a little there is a little more to it, so let us examine this little further. First let us start with describing the firms in the proposed merger. Yes, as it was mentioned beforehand that they came but Office Depot and Office Max wanted to be better competition against Staples who in 2011 was the big tycoon. Well it gets better for Office Depot and Office Max because those that are in charge with keeping up with annual sales and revenue figured that Office Depot and OfficeMax, the second and third largest office-supply chains in the U.S., agreed in February by combining a $1.17 billion deal after losing sales to online rivals and to Staples. They said the merged company would have more than 2,100 stores......

Words: 874 - Pages: 4

System Analysis and Design

...BAIS System Analysis and Design Assignment (Final Deliverable) Prepared By: DANIEL BERHE BEE/6091/06 MISRAK SHIBESHI BEE/6261/06 MAEREG GIRMA BEE/1789/06 MICHAEL SEIFU BEE/6257/06 DANIEL YOHANNES BEE/6092/06 Submitted To: Inst. Solomon BIN CARD (+, -) SALES PERSON CUSTOMER DEPT. HEADS FINANACE STORE MANAGER Purchase Receipt & Item and Cost Description Store Return form and refund ATTACHEMENT Store request FORM Items Cash/Credit Voucher Returned Item List Cash/Credit GRV SUPPLIERS Expense item Description FORM Receipt and returned items STORE MANAGER STORE MANAGER Receipt and returnable Item CUSTOMER SALES PERSON Current stock Balance +, - Request Description Store Issue Voucher Request Approval Voucher Store Return Stock Adjustment Voucher Store Request voucher FINANACE Report INVENTORY MANAGEMENT SYSTEM STORE MANAGER Store Request YES, NO Return or Disposal Description Issued Item Description Return or Disposal Voucher Approval Cash/Credit GRV Expense Item Description SUPPLIER Cash/Credit Voucher Different Departments SUPPLIERS Ordered By Order item to Received By Sold By Bought CUSTOMER STORE MANAGER ......

Words: 2783 - Pages: 12

Genrays Project Charter

...take hours to do. This project is meant to integrate these databases and automate parts of complex tasks. Objective fStreamline every database and system that Human Resources uses into a central location. I am breaking this into criteria according to each point of view of the people interviewed. fCEO: Recruiting Capabilities – Track return visits of applicants to gauge interest level Succession planning – integrate employee reviews with data on continuing education and define requirements for progression to higher positions VP Marketing Employee DB – full contact information in one place E-Forms – Automate through prefilling information from that employee DB as much information as possible for the thousands of forms a year. VP FInanace Payroll – Automate time card data. HR and payroll data is all in one central place to remove entry errors. VP Manufacturing Performance Review Management – Performance data is not searchable and isn’t uniform across all managers Compensation capabilities – allows analysis of compensation changes tied to reviews. Plant Manager site 1 Position control – Analyze pay by job titles. Allow comparison between sites for compensation levels. This prevents the need to transfer to advance. Plant Manager site 2 Recruiting capabilities – Prospect searching. Line prospective interns up with positions that have openings. HR staff at site 2 Link records of training to positional changes and if this new training is what brought them to the......

Words: 1582 - Pages: 7


...Week Two Questions Working Capital Management and Short-Term Finance Butler Lumber Assume you are a credit analyst working in the credit department of the Northrup National Bank and George Dodge asked you to analyze whether the bank should extend the requested $465,000 loan to Butler Lumber. Using the 5Cs of credit analysis format, prepare a report for Mr. Dodge. Here is some guidance: CAPACITY/CASH FLOW: 1. How has Mr. Butler met the financing needs of the company during the period 1988 through 1990? (Analyze by balance sheet components.) 2. Has financial strength of Butler Lumber improved or deteriorated? (Provide specific measures.) 3. Why has Butler Lumber borrowed increasing amounts despite its consistent profitability? (Analyze the company’s cash flow and the growth in its assets. This can be done with a simple funds flow analysis, a calculation of free cash flow and/or an additional funds needed (AFN) analysis.) MAJOR QUESTION: 1. Do you agree with Mr. Butler's estimate of the company's loan requirements? (HINT: You need to consider both the increased profitability and the increased financial requirements of taking the supplier discounts.) CAPITAL: 1. What do you think about the level of net worth compared to total assets? 2. What has been the trend? What would the capital ratios look like after the proposed bank loan? COLLATERAL: 1. Would you require that this loan be secured? 2. If so, by what assets, both company and personal? 3.......

Words: 300 - Pages: 2

Public Finanace

...* 网络语言的特点 网络语言是伴随着网络的发展一种有别于传统平面媒介的语 言形式。它以简洁生动的形式一诞生就得到了广大网友的偏爱, 发展神速,是随着互联网的发展和普及,在网络交流过程中产生 的一种特殊的语言现象。由于网络语言是在特殊的网络语境中使 用, 一旦被搬到现实生活, 它就显得滑稽、 搞笑、 让人捉摸不透…… 特别是中小学生,他们接受新事物的能力强,在作文、日常的书 写交流中使用网络语言的概率比一般的人高, 这就出现了令家长、 老师们头疼的一幕——看不懂孩子、学生们的火星文。 1、网络语言形象生动,幽默诙谐。它通过把字母、数字、文 字重组、强拆而达到令人一目了然、耳目一新的感觉。网民发明 了一种取英文字母首字的缩略语构词方式: btw=by the way 顺便; lol=laughing out loud 大笑……或者是谐音,在网络语言中,谐音 超越了单一语言或方言的界限,只要语言的语音相同或是相近, 就可以进行谐音替代, “斑竹——版主” 如: , “ICU——I see you” , “稀饭——喜欢”“酱紫——这样子” , ;也可以用一连窜的数字来 表达, “886——再见” 如: , “065——原谅我” , “200——爱你哦” 。 这些另类的词语,很符合中国当代青年求新、求异的心理特征。 2、网络语言简单明快,拒绝规范。在日常的书写表达,我们 通常都需要用很多的词语才能把我们的意思表达清楚,而网络语 言就克服了这个毛病,毕竟在网上聊天要考虑很多因素,如费用, 时间。很难想象一个人坐在电脑前傻傻的呆着,花很长的时间等 待网友的一句回答。所以那些打字慢的网友,基本上不是聊天的 对象,这就逼着网民们动用一切办法来提高打字速度,缩略字数, 但又能表意清楚。因此,网民们利用计算机键盘上的特殊字符表 情达意,以人脸为轮廓,象形的创造了许多极为生动形象且风趣 幽默的正视、侧视的表情和动作的图形,用以表达自己的喜怒哀 乐, 模拟现实交际。 “^_^” 如: (微笑)、 “*_^” (挤眉弄眼)、 “ (@@) ” (童心未泯)“:—”(高兴)等等。这些可爱又生动的字符组合 、 给网络生活增添了许多的生气和实在感。 3、网络语言张扬个性、反叛传统。在调查中可以发现,网络使用者 呈现低龄化、高学历化。这样的人群就决定网络语言张扬个性、反叛 传统的特点。即使个体在现实生活中相貌平庸、沉默寡言,却毫不影 响其在网络中指点江山激扬文字。 丰富多彩的网络语言为网民提供了 展示个性的平台,网民展示个性的文字又丰富了网络语言的空间。网 络语言这种建立在想象基础之上的, 其独特的语言体式和风格表现在 网络语言的词语、数字、字母图形、音韵和中外语言的内涵延展、脱 义和综合转换运用上,表现在句式的简短、倒装、创新和省略上。像 “GG” “MM”代替了“哥哥” “妹妹” ;把“去”说成了“克”“冲 ; 浪”被赋予“在网上进行查询、娱乐等活动”的新义; “恐龙”原指 外形奇特的史前动物,因其形态丑陋而被借用来表示“相貌丑陋的上 网女性”“东东”指代“东西”等等。网友们为了标新立异,反叛传 ; 统还故意拆字,例如最为常见的是将超强拆成走召弓虽,将顶拆成丁 页。这种做法显然不是为了节约打字时间,是网友为了张扬个性而牺 牲输入速度。 二、网络语言存在的原因 1)网络语境决定了网络语言存在 正如黑格尔所说的 “存在即是合理” 凡合乎理性的东西都是现实 , 的,凡现实的东西都是合乎理性的。网络语言是基于网络而存在,网......

Words: 510 - Pages: 3

The Role of Development Finanace in Economic Development in Sub-Saharan Africa

...Introduction The objective of this paper is to explore the role of development finance in economic development in Sub-Saharan Africa. Development Finance is practice of using scarce financial resources in an unconventional ways in order to advance economic activity(ies). According to (Nyembezi, 2009), development finance makes the economy run smoothly and effectively. The aim of the development finance is to look at the challenges and design the framework as well as stimulating core activities that will develop the economic growth. As stated by (Nyembezi, 2009) development finance, in an economy, can be compared to oil in a vehicle engine that ensures its sound and smooth operation. According to (Ocran, 2012), development finance is concerned with the financing of development at: • Household level • Firm level • Geographical area/national/regional level This paper looks at the role of development finance at national and regional level in economic development in Sub-Saharan Africa. The Organisation for Economic Co-operation and Development (2002) defines development finance officially as funding “used in measuring the inflow of resources to recipient countries: including (a) bilateral official development assistance (ODA), (b) grants and concessional and non-concessional development lending by multilateral financial institutions, and (c) Other Official Flows for development purposes (including refinancing Loans) which have too low a Grant Element to qualify as......

Words: 1598 - Pages: 7

The Finance

...Eric Ahn Charles Sorrell Bohdana Partridge FINANACE PAPER A firm and its team of managers must make a variety of important decisions to ensure the financial and organizational success on the day-to-day, short-term and long-term horizon. However, in spite of the many other important decisions, arguably one of the most important decisions a firm and its managers must make involves the budgeting and management of financial outlays. By seeking wise counsel, many organizations are able to see the visible fruits that are the yield of good stewardship and decisions. The book of Proverbs was a series of exhortations and encouragements written by King Solomon to his son.  In chapter 23 verse 23, Solomon states, “Buy truth, and do not sell it; buy wisdom, instruction, and understanding.” For thousands of years, mankind has been given stewardship of resources; natural, human, intellectual and financial. The process of managing these resources, specifically financial resources, requires intentional short-term and long-term planning. More importantly, in order for capital management to be deemed successful, it is required that all members of an organization are on board. “Capital budgeting is not only important to people in finance or accounting, it is essential to people throughout the business organization”< /span> (Block, Hirt, & Danielsen, 2011). As the duration of the investment period increases, and the size of investment increases, the residual risk also increases.......

Words: 1039 - Pages: 5