Financial analysis and risk management of Kingfisher Plc Free Essay Example, 2500 words

Financial trend analysis The financial trend analysis has been done on last five years, which is 2010-2014. The ratios included in the analysis are liquidity ratio, performance ratio and efficiency ratio. For calculation, refer to the excel sheet. The data related to financial statements have been collected from the company website (Kingfisher, 2011; Kingfisher, 2012; Kingfisher, 2014c). Table 1 (Source: Author’s creation) Liquidity ratio The liquidity ratio measures a firm’s ability to meet its short-term obligations. These obligations are generally met within a year’s time. One of the important liquidity ratios is the current ratio. The current ratio, which is also known as working capital ratio, helps in determining company’s capabilities to pay-off the liabilities, if and when they are due with the current assets. The accepted standard of current ratio is 1. In Kingfisher Plc, current ratio has been calculated for last five years and represented graphically in figure 1. Figure 1 (Source: Author’s creation) The current ratio trend of Kingfisher Plc shows that working capital position has been quite stable and has increased consistently 2012 onwards. It was further observed that the firm had negative working capital during 2010, 2011 and 2012.We will write a custom essay sample on Financial analysis and risk management of Kingfisher Plc or any topic specifically for you Only $17.96 $11.86/page

Essay on The Process of Obtaining a Home Mortgage

To begin this executive summary, we first look at the issue of research. In our semester project we are discussing the steps one would take in order to get a home mortgage. The reason we have chosen to do this project is to see how one goes about not only becoming approved for a loan but also how to service your mortgage and keep it up to par. The sources that we used in obtaining this information were sources that were able to help educate us on home mortgage and also help us further understand the entire process. The web-site www.mortgage-x.com was to me the most useful in our research. This site provided thousands of articles on the issue, a glossary and dictionary to help us in our search, and also provided a number of links†¦show more content†¦As soon as the closing of the mortgage is complete, the mortgage is put on the books at the financial institution and they begin to service the mortgage. In the mean time the borrower begins to make monthly payments to the financial institution to pay back the mortgage amount. The third and final main finding that we came across was the sale of the mortgage in the secondary market. The financial institution may sell the mortgage to another institution in the secondary market. The primary business of these secondary markets is servicing mortgages. Examples of these secondary markets are Fannie Mae and Freddie Mac. When servicing is sold the secondary market investor will begin to take your payments. If the financial institution intends to sell your mortgage they are required to give the borrower a mortgage service disclosure statement. The sale of the mortgage does not affect the terms of the mortgage at all. At this point the borrower will only deal with the secondary market institution. At this time we cannot really give a specific recommendation for action. The reason for this is the action one would take in getting a home mortgage would all depend on the size of the mortgage and whom they would want to deal with. Mainly, a person needs to find a financial institution that he/she is comfortable dealing with. Table of Contents 1) Introduction 1 2) Obtaining a Mortgage 1 A) Approaching theShow MoreRelatedBuying A Home Right Away798 Words   |  4 Pagesare looking to purchase a home right away or you will not be ready to buy one for several years, if you have not already started, now is time to start preparing financially to buy a home. To aid you in the process of preparing financially for your home purchase, we would like to offer five financial tips. Build Strong Credit It is important to know that your credit score will affect your mortgage rate. A low score will make it hard and sometimes impossible to buy a home. 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Around the Tables Around the Globe free essay sample

Boiled brains dangled from sticks, congealed blood floated like Jell-O in thick red fluid, gouged eyeballs and severed feet laid about. No, this isn’t a torture scene or even that of a reality TV show, but merely the contents of dinner tables I have shared. Food goes much deeper than just the nutrients it provides; it goes to the very fiber of a culture itself. The appreciation of local delicacies, the sharing of stories around the table, and the traditional preparation of the common meal all serve as windows into the very heart of any society. One such evening began as we were seated at a round table overlooking the busy city. In the middle was a giant pot; much like something you would see at a fondue restaurant. Our hostess, dressed in her kimono, brought out a hot teapot and began to pour thick red pig’s blood into the pot. We will write a custom essay sample on Around the Tables Around the Globe or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The liquid began to boil and emit a stomach wrenching smell. Plates of chicken feet, unknown animal stomachs, three-foot long intestines, and fresh slippery brains were proudly placed before us. We stabbed the mystery meat with our chopsticks and plunged them into the boiling blood. Since we barely knew a word of Chinese, we smiled weakly as we apprehensively loaded our plates with our now rubberized meats. We quickly gulped down the slimy substance and were now ready to dig in – not only into the food but also into the culture itself. The ability that I now have to control my gag reflex has given me the chance to do much more than just say I have eaten eyeballs. I have had the opportunity to sit in kitchens around the world and learn from people, to listen to the stories about their lives, their triumphs and their difficulties. Gathering around the dinner table, whether it is in the boroughs of New York or on the floor of a hut in Kenya, a meal is a time that allows us to relate to one another and uncover our commonalities, as well as appreciate our differences. Through these experiences the one constant that flows through all of my encounters is my treasured trips into the kitchens where meals are prepared with utmost pride. When I left my table in Nairobi and found my way to the separate cooking hut, I walked into a joyful cooking lesson unlike anything found on Food Network. Fifteen women, who were dressed in brightly colored fabrics, circled a fire pit in the floor and filled the hut with sounds of robust laughter and rhythmic singing. They welcomed me into their circle and proudly showed me the ways to prepare their favorite dishes. Before I knew it, I was eating hot mandazis fresh off the fire and learning how to make their beloved African chai. For the brief time that I joined in the laughter and dance, there was no barrier of culture or race. I was one of them. My passion to study international cultures has been fueled by my opportunity to travel to several different countries around the world. No matter where I go in life, I will always carry a piece of these cultures inside of me. My quiet, modest hostess in India, who humbly taught me to make dal, lives in my heart alongside the stout Sicilian woman who exuberantly hugged my head to her bosom as she insisted I accept her homemade gelato. In my quest to get to know the peoples of the world, I believe the best place to start is in the kitchens around the tables around the globe.