DSO = Receivables / Ave. sales per day Receivables= DSO * Ave. sales per day = 20 * 20,000 Receivables= $400,000 (3-2) Debt Ratio: Vigo Vacations has an equity multiplier of 2.5. The company’s assets are financed with some combination of long-term debt and common equity. What is the company’s debt ratio? Debt ratio = 1 – (1 / Equity multiplier) Debt ratio = 1 – (1/2.5) = 1 - .40 = .60 Debt ratio = 60% (3-3) Market/Book Ratio: Winston Washers’s stock price is $75 per share. Winston has $10 billion in total assets.
MARRIOTT CORPORATION: THE COST OF CAPITAL Lodging Division Cost of Debt From Table A, * Fraction of Debt at Floating: 50% * Fraction of Debt at Fixed: 50% Using credit risk premium to calculate cost of debt, the equation is as follows: Cost of Debt = Low risk rate+Risk premium Floating Rate -- Assume the interest rate of floating rate debt changes every year so we use 1-year rate U.S. Government interest rate, which is 6.90% (from Table B). Therefore, the cost of floating rate debt equals 6.9% plus the 1.1% risk premium, which totaled to 8%. Fixed Rate -- As lodging assets have long useful lives, we use the long-term debt rate, i.e. 30-year U.S. Government interest rate, which is 8.95% (from Table B). Therefore, the cost of fixed rate debt equals 8.95% plus 1.1% risk premium, which totaled to 10.5% Cost of Debt = (0.5 x 0.08) + (0.5 x 0.105) = 0.095 = 9.25% [since floating rate and fixed rate debt both weigh 50%, we use the weighted average approach to calculate the total cost of debt rate] Based on historical data analysis below, we get an average income tax rate of 42%.
CONTENT 1.0 Introduction 3 1.1 – Methodology 3 1.2 – Empirical sources 4 1.3 – Delimitations 4 2.0 The imprinting forces 5 2.1 - Kemmons Wilson’s background 5 2.2 - Holiday Inn – The culture and values 6 2.3 – The economic, political and cultural environment 7 2.4 - Sub-conclusion 9 3.0 Configurations, coordinating mechanisms and contingency factors 9 3.1 – Structural changes over time 10 3.2 – Crisis within the firm 12 4.0 Organizational changes & economies of scale and scope 14 5.0 Holiday Inn’s diversification 16 6.1 - Current vertical boundaries 19 6.2 - Change of vertical boundaries over time 20 6.3 - Transaction cost theory 20 6.5 - Sub-conclusion 21 7.0 State of the industry 22 7.1- Defining the industry 22 7.2 - Porter's five forces 24 7.3 - Important competitors 26 8.0 The future of the company 27 8.1 - Strengths of Holiday Inn 27 8.2 - Core values of Holiday Inn 28 8.3 - Resource Based View of Holiday Inn 28 8.4 - Sub-conclusion 30 9.0 Conclusion 30 Appendix list 32 #1 - Value Share 32 #2 – Global recession causing decline 33 #3 - Article on Pop-up hotels 34 #4 - What to rethink for customer satisfaction 35 #5 - Holiday Inn's new initial aimed for its ever-shifting customers 36 #6 - Value Share 37 #7 Tables of Holiday Inn 38 #8 Financial statement, 1982 of Holiday Inn 39 #9 Revenue pie chart, 1982. 40 #10 operating income, 1982. 40 #11 Intercontinental number of rooms by brand. 41 10.0 Bibliography list 42 1.0 Introduction Holiday Inn is today serving as a hospitality branch of The Intercontinental Hotels Group (IHG) targeting both families and business travelers primarily from the upper middle segment. The company was established in 1952 by the entrepreneur Kemmons Wilson, who founded his first motel in Memphis, Tennessee.
For your company, comment on the 5-year trends in the profitability ratios. 8. For the peer company, comment on the 5-year trends in the profitability ratios. 9. Compare your company’s profitability ratios with the peer company profitability ratios.
What is your appraisal of Blockbuster’s performance as shown in case Exhibit 5? What pluses and minuses do you see? Use the financial ratios in Table 4.1 of Chapter 4 as a guide in doing the calculations needed to arrive at an analysis-based answer to your assessment of Blockbuster’s recent performance. 10. How does
MRB 2012 FINANCIAL MANAGEMENT MASTERS OF BUSINESS ADMINISTRATION CASE STUDY ON COMMUNITY GENERAL HOSPITAL TABLE OF CONTENTS 1.0 BACKGROUND 3 2.0 FINANCIAL STATEMENT ANALYSIS 4 2.1 Balance Sheet 4 2.1.1 Assets 4 2.1.2 Liabilities 4 2.2 Income Statement 4 2.3 Cash Flow 5 2.4 Liquidity Measurement Ratios 5 2.4.1 Net Working Capital 5 2.4.2 Current Ratio 6 2.4.3 Quick (acid-test) Ratio 6 2.5 Activity Ratios 6 2.5.1 Average Collection Period 7 2.5.2 Average Payment Period 7 2.6 Debt Ratios 7 2.6.1 Debt to Equity Ratio 7 2.6.2 Debt to Asset Ratio 8 2.7 Profitability Ratios 8 2.7.1 Return on Sales (ROS) 8 2.7.2 Return on Asset (ROA) 9 2.7.3 Return
Cauley, S., Pavlov, A., & Schwartz, E. (2007). Homeownership as a Constraint on Asset Allocation. Journal of Real Estate Finance & Economics, 34(3), 283-311. doi:10.1007/s11146-007-9019-9. Federal Reserve Board : 2007 Survey of Consumer Finances (2007) http://www.federalreserve.gov/pubs/oss/oss2/2007/scf2007home.html Kiviat, B. (2010).
CSX Corporation Company Analysis Prepared by: XXXXXXX Table of Contents Corporate Overview…………………………………………………..2 Balance Sheet Analysis…………..…………………………………...3 Income Statement Analysis…..……………………………………….4 2013 Highlights……………………………………………………….5 Operating Ratio……………………………………………………….6 Quick Ratio….………………………………………………………..7 Current Ratio..………………………………………………………...8 Cash Ratio..……………………………………………………………9 Debt Equity Ratio…………………………………………………....10 Return on Assets.…………………………………………………….11 Return on Equity…………………………………………………….12 Total Assets Turnover……………………………………………….13 Operating Profit Margin……………………………………………..14 Receivables Turnover……………………………………………......15 Beta Coefficient……………………………………………………...16 Appendix A (Balance Sheet)…...…………………………………17-18 Appendix B (Income Statement……………………………………..19 Appendix C (Stock Performance Graph)….…………………..…….20 CSX Corporation, together with its subsidiaries based in Jacksonville, Fla., is one of the nation's leading transportation suppliers. The company’s rail and intermodal businesses provide rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers. Overall, the CSX Transportation network encompasses about 21,000 route miles of track in 23 states, the District of Columbia and the Canadian provinces of Ontario and Quebec. Our transportation network serves some of the largest population centers in the nation. Nearly two-thirds of Americans live within CSX’s service territory.
2013 Profile & Analysis: Chain Restaurant Operators ® INTRODUCTION TABLE OF CONTENTS Executive Summary ...................................................................................................... 2 Details & Definitions ..................................................................................................... 7 Explanation of Data Elements ....................................................................................... 8 Statistical Analysis of Contents ................................................................................... 11 Index of Leading Companies - Ranked by Foodservice Sales - United States ........... 20 Index of Leading Companies - Ranked by Units - United States ................................ 24 Index of Leading Companies - Canada ....................................................................... 26 Index of Leading Companies - Hotel/Motel Operators ................................................ 27 Index of Leading Companies - Foodservice Management Operators ......................... 27 Foodservice Industry Profile ........................................................................................ 28 Franchise Headquarters .............................................................................................. 38 Major Mergers & Acquisitions ...................................................................................... 43 State Restaurant Associations .................................................................................... 46 Major Trade Associations ............................................................................................ 54 Calendar of Major Trade Shows .................................................................................. 66 Exclusions Index
Corporate Business | Mango’s Strategic Management | | Ana Ruiz, Rubén Mendiondo, Ramón Varela, Vicente Moraleda 14/03/2012 | Table of Contents 1. Porter’s Five Competitive Forces 3 2. SWOT Analysis 6 3. Combination of Internal and External Environment 8 4. Strategies 9 Porter’s Five Competitive Forces Porter's five forces analysis is a framework for industry analysis and business strategy development to derive five forces that determine the competitive intensity and therefore attractiveness of a market.