Income Statement Of Pfizer Company

The purpose of this paper is to advise analyze the financial statements of Dillard’s, Inc. in order to recommend whether or not my client should invest $1 million in the large retail company. I will compare the financial statements of Dillard’s, Inc. its competitor, Kohl’s Corporation. Investing in retail can be risky because a retail company’s performance is very heavily influenced by factors that have nothing to do with the actual company such as the overall performance of the economy or the weather during the holiday shopping season. There is, however, potential for profitability within the retail sector. Based on my analysis, I recommend that the client should not invest in Dillard’s, Inc. for the following reasons. First, Dillard’s has experience a decline in net income in the last three years. Second, liquidity ratios indicate that they could face possible liquidity constraints in the future. Third, long-term debt paying ability ratios indicate that the company could have trouble paying off the principal of its current debt obligations. Fourth, the profitability ratios are well below industry averages, suggesting that there are more profitable companies to invest in within the industry. And finally, Investor analysis ratios provide mixed opinion of the future performance of the company. I conclude that retail can be a profitable industry to invest in if an investor has the risk tolerance and risk capacity to withstand the uncertainty, but neither Dillard’s

Financial statements are interrelated. It is so because the financial position of a business changes after each session of good or bad financial performance. Until we measure both financial performance and position, we cannot predict the cash flow position of the business.

While a budget might indicate that a specific government or agency has financial trouble and debt because of excess spending or mismanagement within the select grouping of general fund accounts presented, the CAFR may indicate, in whole, the same government entity, has many facets possessing large holdings considerably over what is shown in a budget report.

To enhance a user’s ability to understand and compare an entity’s operating results, reporting entities are required to describe all significant accounting policies in their financial statements. As such to decide if an accounting principal is significant, is the management’s decision.

Acme Incorporate is reporting its full year financial statements for the fiscal year ended October 31, 2012. Acme had a great year, earnings $20,650 in net income. This is attributed in part due to an increase in revenues to $406,000 as well as to our cost-cutting initiatives. Acme undertook a number of cost-cutting efforts including laying off staff, reducing the marketing expense, and investing in energy-saving light bulbs in order to lower our utility bill. By doing this, Acme has restored profitability to the company.

The assessment of Pinnacle financial statements shows the company is a sound and emerging organization. After review, it was realized that Pinnacle’s numbers have improved overall since the previous year. This shows that Pinnacle is consistent and profitable. Looking specifically at the balance sheet, you can see the over improvement in total assets for the company:

Separately, the balance sheet reports a company’s financial position while the income statement reports a company’s fiscal year profits and losses. The balance sheet measures a company’s financial position by reporting its assets, liabilities, and owner’s (shareholder’s) equity. The income statement measures a company’s financial performance by reporting its revenues, expenses, and net income/loss. When combined, they serve two vital purposes: (1) expand the accounting equation and (2) enable analysis using ratios to determine industry position or potential material misstatements. The increase or decrease in owner’s (shareholder’s) equity on the balance sheet is a direct result of the net

Humana Inc. was founded in 1961 and is headquartered in Louisville, Ky. Humana employs 50.1k total employees and reported operating revenues of $54+ million in 2015 (www.macroaxis.com). Humana is one of the largest publicly traded health benefits companies that offers insurance coverage and related services through a variety of traditional internet-based plans for employer groups, government-sponsored programs, and individuals (www.csimarket.com). Humana’s business strategy is bringing consumerism to healthcare. They base their innovative products and initiatives around consumers. Humana has embarked on more than a dozen pilot programs to test possible ways to impact access to care, lower costs, and improve health outcomes.

The financial statement of the University of Virginia divides the pension plan into diverse categories. The categories are made up of the retirement plans, the Supplemented Retirement Income plans, and the deferred compensation plans. The Employees of the University are considered to be employees of the commonwealth. Considerably, the entire stable full-time ordered salaried workers participate in a definite pension plan managed by the Virginia Retirement System (VRS). Data regarding the plan are always availed at the statewide stage solely in the Commonwealth of Virginia’s Comprehensive Annual Financial Report (CAFR). The Commonwealth, and not the University, has the full duty of contributing to the plan.

HNK’s income statement for the previous three years, along with an SW Financial Services Balance Sheet for HNK is provided below. SW Financial Services reviewed the financial statements for HNK Company and have determined that the store was operating at a net loss for the last three years. SW Financial Services has determined that an ideal current ratio to determine the liquidity of HNK Company is a 2 to 1 ratio. SW Financial Services has determined HNK’s current assets to be valued at $291,500 and its current liabilities to be valued at 5289,750. Thus, making HNK’s current ratio to be valued at 1.01%. SW Financial Services has determined HNK’s profit margin is steadily on the rise with an 8.5% increase. Additionally, SW Financial Services

The Board of Directors declared a quarterly cash dividend of $0.20 per share on the company’s common stock. This increase in dividend was payable to shareholders of record on closed of business on May 11, 2016. In the first quarter of this year, the company brought back 1.0 million shares of its common stock at a cost of $50.0 million, with the expectation that it will return its free cash flow to shareholders in this year in the form of dividends and share of repurchases. The Cheesecake Factory knows the importance of success, therefore they schedule conference calls and webcast live on the company’s website throughout May 26, 2016. This ensure stakeholders that the company was not in the red, and continue to profit.

Figure 6 illustrated the consolidated income statement of Royal Mail plc. The expenses of this company revealed accordance with its function such as operating cost, transformation costs, operating specific item, finance cost etc. The advantage of implementing such method is that it allows Royal Mail plc to calculate its gross profit and operating profit within its income statement by using multi-step format. Furthermore, this method also requires companies to include their individual expenses on the face of income statement or in the notes to consolidated financial statements section.

The Software & Programming industry saw Revenue decrease just by -4.84%, Microsoft announced -5.14% year on year sales decline in the forth quarter, to $ 22.18 billions, and underperformed the 1.54% Revenue growth in the Technology sector. Above average sales gains in Technology and Software & Programming industry, helped to elevate overall market growth to -6.77%. Comparing company’s Revenue to the third quarter results, sales were higher by 2.08%. On the yearly basis, average annual sales growth for Microsoft is 8.41%, while S & P 500 's including only Businesses with the forth quarter 2015 earnings, average annual sales growth is 3.94% over the past five years. Indeed, the Microsoft Corporation is profitable and leads not only the rivals, but also S&P 500.

Founded by Henry Ford in 1903, the Ford company is the world’s fifth largest automaker in the world. Publicly traded and held on the New York Stock Exchange, Ford uses the symbol of “F” to identify itself (Motorsport.com, 2001). The purpose of this document is to investigate and determine if the Ford Motor Company is a good investment. I will further cover a financial analysis of Ford Motor Company, evaluate the businesses consolidated statements of income, balance sheet, statement of stockholders equity, and statement of cash flows, which this will confirm if my conclusion is correct (Investopedia, 2004b) .

This change of name takes place following global merger of Glaxo Wellcome and SmithKline Beecham in December 2000.