Wynn Las Vegas Financial Analysis Assignment Example | Topics and Well Written Essays - 1000 words

Wynn Las Vegas Financial Analysis - Assignment Example The Profitability Ratios considered in the paper include Net profit margin, Return on Assets, and Gross profit margin. The Liquidity Ratios considered in the paper include the Current ratio and the Quick Ratio. The Leverage Ratios considered in the paper include the Total debt to total assets ratio and the Debt ratios. Data relevant to the calculation of these ratios was tabulated for the five companies considered in the paper, for the year 2013 financial results. When analyzing this ratio, the net profit after tax and sales are considered. Below are the financial data for the three companies under consideration. Net Profit Margin can, therefore, be established using the formula; From the table, it can be established that Bellagio has the highest Net Profit Margin, and Wynn Lass Vegas has the least. This means Wynn Lass Vegas had the least efficiency, after all, the expenses were considered. This ratio analyzes the productivity of the asset in consideration of net profits after tax. The formula used to analyze ROE is Net Profit after tax/Total Assets * 100. The table below illustrates the analysis of the Return on Assets for the five companies under consideration. Current ratios are used to analyze the company’s ability to pay short-term debt meet its day-to-day operations. In the calculation of the Current Ratios, the values involved include Current Assets and Current Liabilities (Vandyck, 2006). The table below shows the five companies’ Current Assets, Current Liabilities, and Current Ratios. The table above shows that Bellagio has the highest current ratios, closely followed by Wynn Lass Vegas. The high value of current ratio indicates that the company has greater ability of paying short term debt than those companies with lower current ratios. This ratio analyzes the percentage assets financed through

Foreign Investment in Japan Essay Example | Topics and Well Written Essays - 1000 words

Foreign Investment in Japan - Essay Example This dissimilarity in business culture is a vital key to increasing the stakeholders’ worth and for recovery of investments (Finance and Investment).  This dissimilarity in business culture is a vital key to increasing the stakeholders’ worth and for recovery of investments (Finance and Investment).  Cultural Influence One of the most overbearing impressions that Japanese business owners have is that selling out means that they have failed their employees. Their concern for the welfare of their employees after the acquisition has been made is important and they feel that local companies understand this much more than foreigners do. This issue is not limited to foreign buyers; even Japanese equity funds face great difficulties in acquiring Japanese companies. It takes a lot of hard work to convince potential targets to sell because of their concern for their employees. (ACCI Journal).  This is the basic reason for the low numbers of transactions when compared to th e USA and Europe. This raises the question with most foreign investors as to whether Japanese companies are for sale? Japanese companies can be acquired, but this has usually been an uphill task because of cultural barriers. Now the feeling is that Japan needs foreign investment for sustenance (ACCI Journal).  

Fraud- Satyam Computers Limited, India Research Paper - 1

Fraud- Satyam Computers Limited, India - Research Paper Example From being the fourth largest IT Company, with high profile, the outsourcing company has been embroiled for having the biggest scam in history. Formed in 1987 by Ramalinga Raju, the company grew and become a ‘rising star’ in Indian ‘outsourced’ computer service industry. With the rising importance of IT in the market, the company realized an estimated compound growth rate of 6.4% by 2007. The company attracted a lot of investors and it grew significantly. Raju, the managing director, attracted up to 300 customers worldwide and 13, 120 technical associates. A year later, the company had shown a compound growth rate of 35% and earnings per share rose from $0.12 to $0.622. On the other hand, Satyam’s stock tripled to 300%. The company further generated a significant growth as well as increased shareholder value. In 2009, Raju, through a letter to the company, disclosed that he had been manipulating the accounting numbers of the company for several years. He further claimed that he had overstated the assets on the company’s balance sheet by $1.47 billion and to make the matters worse, almost $1.04 billion cash and bank loans claimed by the company was not-existent3. The company had underreported all the liabilities on the balance sheet and overestimated the income for several years so as to meet the expectation of the analyst. For instance, the results showed 97% profits and 75% revenue increase. The director and the firm’s global head of the internal audit used various schemes to perpetuate the fraud. Raju used his personal computer to develop several bank statements and falsified the accounts so as to inflate the non-existent balance sheets. In fact, he inflated income statements by making interest claims using fake bank accounts. As the scam revealed further, it was evident that Raju had created over 6000 counterfeit salary accounts and directed the money there anytime the company make deposits.