Commentary on Accounting Ratios Research Paper Example | Topics and Well Written Essays - 1000 words

Commentary on Accounting Ratios - Research Paper Example This means newer businesses will generally have lower ROCE as compared to older businesses due to the depreciated amount of its assets. Additionally, the number of years that both Dairy Crest and its close competitor have been in business is unclear. The revenue of Dairy Crest is up by almost 20% in 2008, resulting in Operating Profit Margin of 6%. This result is on par with its competitor. However, the improvement may have been attributed by the twofold increase in Dairy Crest's other income, of which the breakdown has not been disclosed. Given the equal result, it can be said that the competitor may be new in the market since its ROCE is way lower than that of Dairy Crest. In fact, the company's Gross Margin Profit is down from 4.6% in 2007 to only 3.9% in 2008, whereas its competitor's is 25.7%. Looking at Dairy Crest's consolidated income statement, its operating cost is up by almost 21% while its revenue increased only by about 20%. Also, there may be some differences in the pricing strategy adopted by the two companies, which explains the big gap in the margin. The company's Asset Turnover Ratio is slightly better at 1.8 times in 2008, while its competitor is at 1.9 times. The higher revenue in 2008 means Dairy Crest is utilising its assets more. Assuming its competitor is new in the business, this result shows Dairy Crest is not performing as well as its competitor. It appears that Dairy Crest has better control of its stocks with a drop in its Stock Turnover of 38.6 days in 2008 against 43.1 days in 2007. As food stocks are perishable items, it is advisable not to hold them for too long. Dairy Crest's move to bring its stock holding period down by 10% is wise. While its competitor holds stocks 46 days in 2008, it is unclear if this is due to uncertainty in suppliers, as the high levels seem unnecessary based on industry. The Current Ratio of Dairy Crest in 2008 is 1.4, an improvement from 1.0 in 2007. This shows the company's financial position is healthier. However, its competitor's Current Ratio of 0.8 in 2008 seems risky, as

Goyas Ghost's Movie Review Example | Topics and Well Written Essays - 750 words

Goyas Ghost's - Movie Review Example As the French were allies, their troops were welcomed with open arms despite the diplomatic unease that was transpiring between the two countries. The official warfare started when in February 1808, Napoleon ordered the French commanders to capture key fortresses which would allow the country to gain dominance over its former ally. On 29th February, Barcelona was conquered by French and soon the Spanish power began to decline. Whenever there is a war, there are crimes, atrocities, some of which are recorded while the others are lost in time. There were innumerable incidents of bloodshed, torture, and rape along with other war crimes. Much of this was captured in the art of printmaker Francis Goya. The ‘Disasters of War’ is a collection of 82 prints made by Goya, which depicts the war along with its gory details. The prints are seen by many as a protest against the war. Another collection of Goya, painted between 1819 and 1820 represents his desolate outlook of humanity d ue to the things he had seen and experienced during the Peninsula war. These paintings became the inspiration for a movie released in 2006 by the name of Goya’s Ghosts. The movie Goya’s Ghosts directed by Milos Forman in 2006 presents the Spanish region during the War. The most important characters of the movie are Lorenzo, Ines, and Goya. Out of the three characters, only Goya existed in reality. The others are fictitious characters created only to present the movie through Goya’s perspective. Most of the focus during the movie is, however, not on Goya but rather on Lorenzo, Ines and other characters through which lives of the people during the war are represented. The movie depicts how the lives of even those who were not directly linked with the warfare were deeply affected. The whole generations were swept into poverty which forced them to enter the professions which they would not normally dream of. This is shown by the character of Ines who is first impris oned by the Catholic Church, which inflicts pain on her while she is naked.