Why the philosophy of King is more effective in fighting racism than Malcolms

One can't talk about prejudice in America and neglect to make reference to the two extraordinary incredible people like Martin Luther King Jr. what's more, Malcolm X. These are the well known and the most persuasive defenders of the Afro-Americans’ rights throughout the entire existence of war against bigotry in the USA.Advertising We will compose a custom exposition test on Why the way of thinking of King is more successful in battling prejudice than Malcolm’s? explicitly for you for just $16.05 $11/page Learn More The opportunity and social legacy that African Americans appreciate today are really the consequence of the commitments of these two incredible people. Their philosophical methodologies may have been extraordinary and some of the time saw as negating, however their definitive expectation was to free the blacks from the whites. King’s approach was a tranquil one whereby his conviction was established on his way of thinking that whites and blacks can li ve amicably with each other. Then again, Malcolm’s approach was pushed by a philosophical thought that whites are intrinsically underhanded, and self-protection is the main weapon to free the African Americans, despite the fact that, he is accepted to have changed this position from that point (Howard-Pitney 6). Along these lines, the motivation behind this paper is to exhibit how the ways of thinking of King and Malcolm advanced after some time, and why the King’s approach is seen to be progressively compelling. Both King and Malcolm are recognized pioneers whose philosophical thoughts were impressively impacted by their youth condition. Their experience really clarifies the wellspring of their dissimilarities as depicted in their quest for the opportunity for African Americans from the Caucasians. From one perspective, King was raised in a Christian family that grasped the affection for all youngsters independently of the skin shading (Howard-Pitney 4). Lord got qual ity instruction, and in view of his knowledge he earned his doctorate at a youthful age. It is after King’s adventure into Philosophical examinations that his perspectives on opportunity and nature of man started to take another heading. His family attaches contributed enormously to the arrangement of his character, including, specifically, such attributes like smoothness, generosity, and mental fortitude to free his individual individuals. Every one of these attributes are all around depicted in his progressive talks that he gave all around America with aim of joining the two races. On the other hand, Malcolm was conceived in a ‘chaotic’ family, whereby his folks didn't live in a congruity. Malcolm battled such a great amount with severe emotions first in view of the evil treatment the Afro-Americans got from the Caucasians, and besides, in view of the observer of his mom being ambushed by his dad. After his father’s passing, Malcolm along with his variou s kin and their bereft mother lived in despicable conditions, where even day by day suppers and training were practically inconceivable things (Howard-Pitney 6). The year 1939 was turbulent for Malcolm as well as his family too since this is the year his mom endured a psychological breakdown. Presently, it was basic that Malcolm and his kin couldn't accommodate their requirements. A white family dealt with Malcolm until he was in the eighth grade at the very point that he dropped out of school. From that point onward, Malcolm began taking an interest in the road wrongdoing in order to give food to him. These violations at last drove him to imprison where he met a kindred Muslim prisoner who impacted him greatly.Advertising Looking for paper on reasoning? We should check whether we can support you! Get your first paper with 15% OFF Learn More The above uniqueness in the foundations of King and Malcolm clarifies the underlying driver and the force behind their philosophical contemplat ions that molded their lives from that point. Lord who was brought into the world in a quiet domain did a tranquil peaceful action by his progressive addresses and philosophical contentions. The air that he delighted in his family framed in him uplifting mentality towards his battle for opportunity. Alluding to his serene family, King once stated, â€Å"I have never encountered the sentiment of not having the fundamental necessities of life† (Howard-Pitney 36). Much of the time, King urged his supporters not to participate in any dangerous movement yet make a situation where harmony and concordance were at home among the whites and the subjugated blacks. The possibility of concordance and regard of every single individual is an aftereffect of his Christian establishment just as the way of thinking of Gandhi that he experienced later on in his life. Ruler says that he turned into a pastor not on the grounds that he felt so qualified or because of any uncommon experience howeve r it was to answer a call that he felt profound inside him to render his support of humankind paying little mind to shading or race (Howard-Pitney 57). It is this inspirational demeanor of support that made a climate where even the Caucasians appeared to like his thoughts. This is the fundamental conviction that molded his life as well as his way of thinking too. King’s peaceful development before long won the hearts of numerous individuals both high contrast. Numerous individuals cherished tuning in to his expressiveness, a craving that constrained them to tail him any place he was tending to the individuals. During the time spent tuning in to him, many come to value his thoughts. This clarifies the motivation behind why King was more viable than his contemporary Malcolm. On numerous events as King navigated America selling his offer of harmony, regard of all, and the craving to acquire fairness among blacks and whites, he was heard to urge particularly the adolescents to se t out on handicraft, to do whatever didn't bargain their ethical standards as they drew in themselves in a develop authority. Therefore, King changed the psyches of various people by urging them to try sincerely in order to lighten their lives. Hence, it is accepted that African Americans are so persevering till the current day since King imparted in them the way of life of handicraft. He needed them to know, that by difficult work they would win regard from the whites. Correspondingly, the way of thinking of Malcolm discovers its shape from the depressions experienced during his youth. The encounters begat by the consuming of their solitary home, an episode that prompted the passing of his dad, the injury brought about by observing his mom go toss a psychological breakdown left him in a condition of devastation, contempt, and vengeance.Advertising We will compose a custom exposition test on Why the way of thinking of King is more successful in battling prejudice than Malcolmâ€℠¢s? explicitly for you for just $16.05 $11/page Learn More This is the track that his way of thinking followed. Malcolm abhorred the whites to a degree that he called them fallen angels (Howard-Pitney 55). Malcolm was impelled by sharpness to battle for opportunity by utilization of brutality. His way of thinking depended on the conviction that it is just without anyone else resistance against the white’s persecution along with the partition of the two races that would free the blacks. His progressive discourses incited contention between the blacks and whites. To acknowledge how severe Malcolm was, one can thoroughly consider his platitude: â€Å"White America should now pay for her sins†¦ White America is doomed† (Howard-Pitney 102). This depicts Malcolm as a man previously arranged to assume liability for the result of his activities, regardless of whether this implied shedding his own blood as long as he battled for the privileges of the African Americans. Not withstanding, when Malcolm broke his relationship with the Islamic development after the visit to Mecca, his way of thinking changed and he started to advocate solidarity among the two races. He started to repair his previous notoriety wherein he had called for savagery, disdain, and assault. He urges the blacks to have sense of pride and be pleased with their legacy. After a basic examination of the two extraordinary activists’ ways of thinking, we are presently in a situation to build up who had progressively compelling thoughts. This additionally empowers us to pass judgment on the genuineness of their thought processes just as the wellspring of energy and solid will that is found in both. As introduced above, Malcolm is depicted as a man who has confronted a great deal of challenges throughout everyday life. His youth quandaries obviously give headings of his future exercises and considerations. Malcolm’s harshness and want for vengeance can be obviously seen in hi s progressive talks. Subsequently, we can say that his thought processes were not absolutely to free blacks yet a craving to vindicate too. Lord, then again, is a quiet individual who has nothing to vindicate for except for a longing to conflict with outrage and offer love to every single person since they had a similar nature. He accepted that no good thing could be accomplished by revolt described by savagery and scorn between the two races, yet rather by common regard and love. His methodology is in part invited by the two races albeit a few Caucasians thought about him as a foe. Works Cited Howard-Pitney, David. Martin Luther King, Jr., Malcolm X, and the Civil Rights Struggle of the 1950s and 1960s: A Brief History with Documents, Bedford/St. Martin’s, 2004. Print.Advertising Searching for article on theory? How about we check whether we can support you! Get your first paper with 15% OFF Find out More This article on Why the way of thinking of King is more powerful in battling prejudice than Malcolm’s? was composed and put together by client Ezequiel Colon to help you with your own investigations. You are allowed to utilize it for exploration and reference purposes so as to compose your own paper; in any case, you should refer to it appropriately. You can give your paper here.

The Rights and Responsibilities of Green Card Holders

The Rights and Responsibilities of Green Card Holders A green card or legal changeless residency is the migration status of an outside national who goes to the United States and is approved to live and work in the United States permanently. A individual must keep up perpetual inhabitant status in the event that he decides to turn into a resident, or naturalized, in the future. A green card holder has legitimate rights and obligations as identified by the U.S. Customs and Immigration Services (USCIS) organization. U.S. lasting residency is referred to casually as a green card in light of its green plan, first presented in 1946. Legitimate Rights of U.S. Lasting Residents U.S legitimate lasting occupants reserve the privilege to live for all time in the United States gave the inhabitant doesn't submit any activities that would make the individual removable under migration law U.S. perpetual occupants reserve the option to work in the United States at any legitimate work of the inhabitants capability and picking. A few occupations, similar to government positions, might be restricted to U.S. residents for security reasons. U.S. lasting inhabitants reserve the privilege to be secured by all laws of the United States, the condition of habitation and nearby wards, and can travel openly all through the U.S. A perpetual occupant can possess property in the U.S., go to state funded school, apply for a drivers permit, and if qualified, get Social Security, Supplemental Security Income, and Medicare benefits. Changeless occupants can demand visas for a life partner and unmarried youngsters to live in the U.S. what's more, can leave and come back to the U.S. under specific conditions. Duties of U.S. Perpetual Residents U.S. lasting occupants are required to comply with all laws of the United States, the states, and territories, and must record annual assessment forms and report salary to the U.S. Inside Revenue Service and state burdening specialists. U.S. lasting inhabitants are relied upon to help the vote based type of government and not change the administration through illicit methods. U.S. perpetual occupants must keep up movement status after some time, convey confirmation of lasting inhabitant status consistently and inform USCIS of progress of address inside 10 days of relocation. Males age 18 up to age 26 are required to enlist with the U.S. Specific Service. Medical coverage Requirement In June 2012, the Affordable Care Act was authorized that ordered all U.S. residents and changeless inhabitants must be tried out social insurance protection by 2014. U.S. perpetual occupants can acquire protection through the state human services trades. Lawful settlers whose salary falls beneath bureaucratic neediness levels are qualified to get government sponsorships to help pay for the inclusion. Most lasting occupants are not permitted to take a crack at Medicaid,â a social wellbeing program for people with constrained assets until they have lived in the United States for at any rate five years. Consequencesâ of Criminal Behavior A U.S. lasting occupant could be expelled from the nation, denied reemergence into the United States, lose perpetual inhabitant status, and, in specific conditions, lose qualification for U.S. citizenship for taking part in crime or being sentenced for a wrongdoing. Different genuine infractions that could influence changeless residency status incorporate distorting data to get movement advantages or open advantages, professing to be a U.S. resident when not, casting a ballot in a government political race, constant medication or liquor use, participating in numerous relationships one after another, inability to help family in the U.S., inability to record assessment forms and adamantly neglecting to enroll for Selective Service whenever required.

How To Get Over Your Mid-Winter Reading Slump

How To Get Over Your Mid-Winter Reading Slump It happens to the best of us: that thing where the mere thought of picking up a book makes you want to roll over and go back to sleep. Reading slumps are especially prevalent in the wintertime. But a simple slump doesnt have to be a reading-life-threatening problem. Were here to help. Baseball players are widely known for their superstitious slump-busting traditions. We wont go there. But if youre finding yourself with a case of mid-winter reading malaise, heres a practical tip sheet for busting out. DO read short stories and essays. Its common sense, really â€" if the idea of continuing on with a novel seems daunting, read something shorter. It wont be long before you stumble on something that stirs you; reminds you how much you love reading. And the pages will again start to sing. DONT try to force it. The worst time to read a book is when you recognize that youre only reading to mechanically turn pages. Stop! Your malaise will only deepen. Put it aside until reading inspiration re-strikes. But, try to avoid DNFing (did not finish). Havent we already agreed that DNFing makes us feel dirty? (If your book is truly horrible, then, and only then, do you have our permission to DNF. But you CANNOT DNF because youre not connecting with it â€" thats your fault, not the authors.) DO re-read a favorite. This is usually a foolproof way to kickstart your reading heart â€" again, its all about reminding yourself why you love to read. DONT succumb to the boob tube. Weve all been there. Temptation wins, and four bleary-eyed hours later, your book is still sitting there unloved. TV is so hard to resist. Snooki is dying entertain you. Or you just remembered its Duke vs. North Carolina night. Or its cut night on American Idol. Hey, the best way to avoid temptation is simply to remove yourself from it. Go to a coffee shop or bookstore to read. DO give yourself a goal for when youll finish the particular book youre stuck on. Goal-setting is one of those cheesy motivational speaker-y toolsthat actually, truly works. DONT assume that youve lost your reading mojo forever. Recognize your slump for what it is: just a hiccup. Your Franzens and Foers will be there for you as soon as youve recovered. ____________________________ Greg Zimmerman is a trade magazine editor and blogs about contemporary literary fiction at  The New Dork Review of Books. Follow him on  Twitter:  @NewDorkReview.

Pros and Cons of International Tourism - 1015 Words

INTRODUCTION Tourism is the fastest growing industry and the fastest growing of it is ecotourism. According to the world travel and tourism council, tourism is the world’s largest industry generating 12% of the global gross domestic product. It has been trying to determine tourism due to amorphous nature of the activity and because some business travelers and convection goers can join conferences and tourism class activities. Some scholars have tried to explain tourism although their interpretations are uncertain. Mathewson and Wall (1982) defines tourism as the temporary movement of people to destinations outside their traditional place and work area, the activities undertaken during the stay and the facilities created to cater†¦show more content†¦When a potential tourist attraction is recognized e.g roads, hotels in tourist sites like in Mombasa, kilifi among others. The money might better have been spent on farm support and endemic health problems since tourism would benefit only a few individuals locally. Tourism is often seasonal, leaving hotels free, carriers and tour operators with peripheral wheels and employees jobless. Unless a extensive sound financial base live, individuals tied to tourism either feast or famine. Access to beaches and parks for tourists that are closed off to local people in favor of tourists and richer residents make jealousy among the locals and defiant attitude progress towards foreigners. Misunderstandings may result in the process of tourism i.e among the locals and also the guests. For tourists to change in the new environment, they should be accompanied by at least intellectual and social conflict in the touristic area, the necessity for at least some of the hosts to act as marginal men or culture brokers in order to deal with tourist and their metropolitan sponsors create a pressure for acculturation in the direction of metropolitan cultures, learning how to carry on superficial,Show MoreRelatedUnilever Ice Cream Business1400 Words   |  6 PagesUnilever: Globalising Ice-cream Business LUISS GUIDO CARLI International Marketing course (2009-2010) By Filippo Unilever Ice-cream division Plans for changes in marketing and brand strategy Ice cream market has several features that determine a constant need of change and innovation. Unilever marketing measures should move in parallel or anticipating these kind of major changes. Firstly, to create and deliver superior costumer value, satisfing costumers who stay loyal and buy more. 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Alvarez Surname Meaning and Origin

Alvarez is a patronymic (derived from the name of the father) surname meaning son of Alvaro and is thought to have originated with the Visigoths. The Visigoths were 5th-century German warriors who participated in the eventual fragmentation and collapse of the Western Roman Empire, and one of two main branches of the East Germanic tribe known as Goths. According to the Instituto Genealà ³gico e Histà ³rico Latino-Americano, the surname Alvarez originated in Spain, primarily from the regions of Andalucà ­a, Aragà ³n, Asturias, Galicia, Leà ³n, and Navarra. Alvarez Surname: Fast Facts Alvarez is the 26th most common Hispanic surname.Surname Origin:  SpanishAlternate Surname Spellings:  Albarez, Alvaroz, Alviriz, Alvares, Albaroiz Famous People with the Surname Alvarez Carlos Alvarez—Spanish opera singerLuis Walter Alvarez—American experimental physicist, Nobel Prize winner in PhysicsLuis Fernà ¡ndez à lvarez—Spanish American doctor and researcher; grandfather of Luis Walter AlvarezPedro Alvarez—Dominican American MLB baseball playerJosà © à lvarez Cubero—Spanish sculptorJorge Montt à lvarez—Chilean Admiral and former President of ChileGregorio à lvarez—Argentine historian, physician, and writer;  the Alvarezsaurus dinosaur was named for him. Where Do People With the Alvarez Surname Live? The surname distribution data at  Forebears  ranks Alvarez as the 212th most common surname in the world, identifying it as most prevalent in Mexico and with the highest density in Cuba. The Alvarez surname is the 10th most common surname in Cuba, 11th in Argentina, and 16th in Spain. Within Spain, Alvarez is found most commonly in the northwestern regions of Asturias, followed by Galicia and Castille Y Leà ³n,  according to  WorldNames PublicProfiler. Is There an Alvarez Coat of Arms? Contrary to what you may hear, there is no such thing as an Alvarez family crest or coat of arms.  Coats of arms are granted to individuals, not families, and may rightfully be used only by the uninterrupted male-line descendants of the person to whom the coat of arms was originally granted.   Resources for Exploring the Alvarez Surname ALVAREZ Family Genealogy Forum—Search this popular genealogy forum for the Alvarez surname to find others who might be researching your ancestors, or post your own Alvarez query.FamilySearch: ALVAREZ Genealogy—Access over 2.7 million free historical records and lineage-linked family trees posted for the Alvarez surname and its variations on this free genealogy website hosted by the Church of Jesus Christ of Latter-day Saints.ALVAREZ Surname Family Mailing Lists—This free mailing list for researchers of the Alvarez surname and its variations includes subscription details and a searchable archives of past messages.DistantCousin.com—ALVAREZ Genealogy Family History—Explore free databases and genealogy links for the last name Alvarez.The Alvarez Genealogy and Family Tree Page—Browse family trees and links to genealogical and historical records for individuals with the last name Alvarez from the website of Genealogy Today. Genealogy and Resources for Spanish Surnames Have you ever wondered about your Spanish last name  and how it came to be? The 100 Most Common Spanish Surnames have unique naming patterns and origins. When researching  your Hispanic heritage, its best to start with the basics such as family tree research and country-specific organizations, genealogical records, and resources for Spain, Latin America, Mexico, Brazil, the Caribbean and other Spanish speaking countries. Sources Cottle, Basil.  Penguin Dictionary of Surnames. Baltimore, MD: Penguin Books, 1967.Dorward, David.  Scottish Surnames. Collins Celtic (Pocket edition), 1998. ï » ¿Fucilla, Joseph.  Our Italian Surnames. Genealogical Publishing Company, 2003. Hanks, Patrick and Flavia Hodges.  A Dictionary of Surnames. Oxford University Press, 1989. Hanks, Patrick.  Dictionary of American Family Names. Oxford University Press, 2003. Reaney, P.H.  A Dictionary of English Surnames. Oxford University Press, 1997. Smith, Elsdon C.  American Surnames. Genealogical Publishing Company, 1997.

Life Without Gravity Free Essays

The minute I woke up this morning I knew something felt strange. It was as if I was seventy pounds lighter! I felt as though there was nothing holding me down. When I opened my eyes and started to move, I realized I was not even lying on my bed. We will write a custom essay sample on Life Without Gravity or any similar topic only for you Order Now It seemed like I was floating. Immediately, I thought about being in space, and if this wasn’t just a dream how fun it would be! I thought too soon and it actually turned out to be a really bad day. Getting up was a struggle. There was nothing holding me down to the floor so I tried to swim. It didn’t work. The worst part is, with such a small amounts of gravity in the world, nothing stayed where it was. The furniture started to float and moving was nearly impossible. I struggled to get to the bathroom by kicking myself from wall to wall. When I grabbed my toothbrush out of the air, I turned the faucet and the water didn’t go out straight! It just started coming out slowly and floated up. I had to catch it in my mouth in order for it to work. I spit the water out and then realized what a terrible idea that was. There was dirty water floating through the air and I didn’t know what to do. Despite my teeth brushing complications, I was still optimistic and excited to see how the day went. I was convinced that it would be just like one of the cartoons where it was loads of fun to live with less gravity. I managed to get myself dressed, out the door and into my car. The thing is, my car was levitating above the ground! It was very inconvenient. After the long difficult two mile moon leap to school, I went straight to Mr. Sutton’s Physics class to ask him if he had any idea what was going on. When I walked in however, I found my entire class there wondering the same thing. The only problem was, Mr. Sutton was nowhere to be found. We used the black phone connected to the wall to call down the office and see if they knew where our teacher was. I was on the phone for what seemed like 200 rings when finally somebody picked up. The man had a deep voice and he knew my name. He said, â€Å"Jody, I want you to listen to me very carefully. I have Mr. Sutton and there is no way that any of you can defeat me. However, if you want him back, you must go to the ISS room immediately. † I hung up the phone and quickly explained o my classmates what the man with the deep voice said. We knew we had to do something and we knew we had to do it fast. We floated down the stairs and made it to the ISS room to find Mr. Sutton tied to a pole and a man standing there firmly on the ground holding a remote control. A brave student named Bob said, â€Å"Who are you and what have you done?! Have you caused this strange gravitational mishap? † The man looked at us and laughed. He said in a mocking tone, â€Å"I am the evil Dr. Evil. I made a device to reduce gravity because as a young boy I never won anything. I wanted to win a race and I realized that if I reduced gravity for everybody other than myself, then I could win. I plan to join the Olympics and while all the other runners struggle to moon leap their way to the finish, I will have the full force of gravity helping me stay on the ground. I will win and nobody can do anything about it. † While the evil Dr. Evil was explaining all of this to us, I managed to float my way over to Mr. Sutton and he told me to use a rope to get the man. I took a rope off of the ground and pushed myself against a wall. I used sign language to my friend across the room and slipped her the other end of the rope. We both pushed off the wall at the same time and knocked Dr. Evil to the floor by tripping him. Everyone in our class managed to grab onto him and we took the remote control away. We clicked the big red button that said OFF and gravity returned to us. Everyone cheered and we called the police. Mr. Sutton was free and we had gravity. Our period 4 honors physics class was given the Nobel Peace Prize and Obama himself declared us the Heroes of the Millennium. We were awesome. How to cite Life Without Gravity, Essays

Explores Essay Example For Students

Explores Essay jeofrey mondal 6-3-02do you know who Christopher Columbus and frediand Magellan are? Well they are every important people in history. Magellan found a way to travel around the world from the southern tip of south america. Columbus was the founder of North America, he found the land by mistake. Both these men were sailores that just wanted to do there job and gain fame. So as you can see these men are very important to history. Magellan was born on 1480 and he died on the year of 1521,he was born in Portuguese.he grew up to be spanish explorer and navigator, leader of the first expedition to sail completely around, the world. he wanted to reach the east indies by sailing west from the Europe. At the time that he lived everybody thought that the journey was impossible, so as a result he didnt get any support. he barely convinced the Spanish king to support him but at last he did. The king have him a 5 ships and 250 men to acompany him. on his journey he lost one of his ship and a lot o f his men, but he successfuly made his voyage and arrived at the spice island on the date of 9-9-1522. Columbus was born in 1451 and he died in 1506, he was born in Genao, Italy. His father was a weaver, and it is believed that Christopher started trading as a young boy. columbus set sail with 3 ships and a 90 men, he arrived at the Bahamas on october 12, 1942. He clamied the island property of Spain and named it San Salvador. for his first trip he stayed for a two months and returned home. Altogether he made 4 trips to the New found land. So as you can see both of these men are great people the has done a lot for there people. they each discovered a new place or route.

Brutus Character Essays - Ancient Rome, 1st Millennium BC

Brutus Character William Shakespeare's play, The Tragedy of Julius Caesar, is mainly based on the assassination of Julius Caesar. The character who was in charge of the assassination was ironically, Marcus Brutus, a servant and close friend to Julius Caesar. After examining Brutus' relationship to Caesar, his involvement in the conspiracy, and his importance to the plot, the truth can be revealed. Marcus Brutus, a servant and close friend to Caesar, has a strong relationship with Caesar but a stronger relationship with city of Rome and its people. Brutus was always beside Caesar in many points of the play, Brutus was talking and next to Caesar. Brutus also loves Caesar but fears his power. Brutus would not allow Caesar to rise to power and then turn his back onto the people of Rome. This is the only reason Brutus would conspire against Caesar. Caesar feels that Brutus is noble to him and does the right thing regardless of personal danger. On the Ides of March, as Caesar was assassinated, Caesar's last line is: Et tu, Brute? Then fall, Caesar. This shows that Caesar would not die without Brutus' stab. Caesar realizes that there must be a good reason for this assassination if Brutus was involved. After the assassination of Julius Caesar, Brutus talks to Antony about Caesar's death. Brutus says that Antony cannot see their members of the conspiracy hearts', that are full of pity. Again, this shows how Brutus loved Caesar but cared for the life of Rome and its people more. Marcus Brutus had a very important role in the conspiracy against Caesar. He was the back-bone of the plan. According to Cassius, Brutus' main purpose in the conspiracy is for an insurance policy. The people will think, since Brutus is loyal to Caesar, that there is a good reason for Caesar's assassination. Brutus will also be the leader of the conspiracy for another insurance policy for the assassination. Cassius is the one who declares this, Brutus shall lead the way, and we will grace his heels with the most boldest and best hearts of Rome. Again, if Brutus leads the way, the people will think that the death of Julius Caesar wasn't such a bad thing. Brutus also declares to himself that his role in the conspiracy is to save Rome. He says to the people that, If then that friend demand why Brutus rose against Caesar, this is my answer: not that I loved Caesar less, but that I loved Rome more If Brutus were not in the plot of The Tragedy of Julius Caesar, the conspiracy would probably not have worked. Since Brutus ...loved Rome more. he decided to be a part of the conspiracy. If he hadn't loved Rome more than Caesar, he would not have joined in the assassination of Julius Caesar. Cassius and the rest of the conspirators would probably not have continued on without Brutus because they would have no insurance afterwards. The people would think that there was no reason for Caesar's death and most likely beheaded all the conspirators. Also, if Brutus were not in the play, the whole end of the play would not ever occur. Brutus would not be there to have an army or kill himself, and Cassius will already be beheaded. If Brutus were not in the play, the title would have absolutely no meaning. Marcus Brutus was a good friend to Julius Caesar, but not good enough. He had moral values dealing with Rome and its people. Brutus' values then made him join a conspiracy against Caesar put together by Cassius. Brutus joined this mainly because he didn't want Caesar to turn his back on Rome so there would be a reasonable reason for killing Caesar. If Brutus weren't in the play, there would be no Tragedy in The Tragedy of Julius Caesar. English Essays

RELEVANCY OF THE MODERNIZATION THEORY IN ACHIEVING DEVELOPMENT IN THE LEAST DEVELOPED COUNTRIES LIKE TANZANIA Essay Example

RELEVANCY OF THE MODERNIZATION THEORY IN ACHIEVING DEVELOPMENT IN THE LEAST DEVELOPED COUNTRIES LIKE TANZANIA Essay Example RELEVANCY OF THE MODERNIZATION THEORY IN ACHIEVING DEVELOPMENT IN THE LEAST DEVELOPED COUNTRIES LIKE TANZANIA Essay RELEVANCY OF THE MODERNIZATION THEORY IN ACHIEVING DEVELOPMENT IN THE LEAST DEVELOPED COUNTRIES LIKE TANZANIA Essay RELEVANCY OF THE MODERNIZATION THEORY IN ACHIEVING DEVELOPMENT IN THE LEAST DEVELOPED COUNTRIES LIKE TANZANIA By smzungu THE APPLICABILITY OF THE MODERNIZATION THEORY IN ACHIEVING DEVELOPMENT IN THE LEAST DEVELOPED COUNTRIES LIKE TANZANIA The term development is very broad and it has therefore brought many scholars in defining it. in economic view, Development can therefore be defined as the increase of level of economic development of a nation. This is looked upon by the economic indicators, for instance; income per capita, gross national product gross domestic product and the inflationary rates. So once these increase in a given country, it is said to have undergone economic development. However, this definition was further criticized by other scholars postulating that the perception on the income per capita is too general due to the fact that there are low class earners and high class earners in a given economy and all the economic indicators may be present but still no economic growth. Other scholars therefore came up other definitions on development. For instance, Walter Rodney who claimed that development can be defined on two ways; development in individual view of which he postulated that evelopment in an individual is the increased skill, capacity, greater freedom, creativity, self-discipline, responsibility and material well-being and a society that is developed is said to have increased capacity to regulate both internal and external relationships. Development can therefore be defined as an economy which has grown and has trickle down effect. That is to say a developed economy should have impact to the people. The modernization theory was developed in 1960. It comes from the capitalist point of view of development and it relates development with modernization. The theory states that a modern society is likely to archive economic development compared to a non-modernized society. A modern society is more productive due to the fact that children receive formal education, there is time consciousness and the needy receive more welfare. This is according to Smelters analysis. However, Coleman goes on saying that a modern society can be differentiated from a non-modernized society using three main features which are: differentiation of the political structure where the political components such as the executive, Judiciary and the parliament are independent and the decisions made annot be altered with by either of them. Secondly, secularization of political culture which refers to the freedom given to all the political parties and leaders to practice their political traditions and culture and finally there is the participation of the society in political systems. The theory further argues that development is a linear process and any society must go through some stages for it to develop. This is further supported by an American economist called Walt Whitman Rostow. Rostow was one 1960 which was like a modification of what Karl max did. He argues that in order for a ociety to undergo economic development, it has to undergo through five linear stages which are traditional society stage, pre-condition to take-off, take off stage, drive to maturity and mass consumption. it is therefore from these stages, we can conclude that a developed society is at the fifth stage of mass consumption. Rostow goes on saying that each stage has characteristics which a society in that stage is likely to undergo; For instance, the traditional society stage is the initial stage of development and every society underwent through this stage. It is generally characterized by low production due to poor technology. Agriculture is in existence but it is mainly subsistence, there are no classes since there is low population and people live in families. The economy in this stage is stagnant and there is no individual mobility. Pre-condition to take off is the second stage and Rostow has shown the characteristics of a society that is in this stage. He argued that external demands for raw materials for raw materials initiate changes, the technology begins to improve, the level of investment also increases, there is change in the social structure and individual mobility comes into existence. A society that is in this stage, has fulfilled the conditions to take off to the other stages. The take offstage is the third stage and is characterized by: manufacturing begins to rationalize and scale increases in a few leading industries as goods are for both export and domestic consumption. The production of secondary goods also increases than the production of primary goods, industries like the textile industries are the first to take off. Moreover, a society in the drive to maturity stage is characterized by the diversification of the industrial base, manufacturing shifts from investment driven owards consumer durable goods and domestic consumption, there is also rapid development of transport infrastructure and large scale investment in social infrastructure example schools and hospitals. Finally, the fifth stage is the mass consumption stage and is characterized by the industrial sector dominating the economy, there is a wide spread consumption of consumer goods and the consumers have more disposable income to purchase luxurious goods. The modernization theory is relevant and is therefore applicable in archiving development in the least developed countries like Tanzania. The underdeveloped countries should make efforts to adopt the characteristics mentioned in each stage by Walt Whitman Rostow to archive development thus the theory is applicable in the following ways: Diversification of the economy. This means that its not only one sector that is being depended in the economy but also other sectors. Tanzania depends on agriculture thus it is the one that dominates the economy. The industrial sector is still at a small scale comprised of small and medium industries most of them producing consumer goods. The agricultural sector being the core economic base of the country still, it is ot well mechanized due to the fact that most people still practice it for subsistence and the ones who practice for commercial purposes are faced by problems of lack of storage facilities, poor climatic conditions for instance most of the regions in Tanzania receive mean annual rainfall of about 800mm and it is not evenly distributed in the country. This makes the agricultural activities to be practiced seasonally hence there is no adequate supply. Tanzania therefore should not only the industrial sector, mining sector, tourism sectors and many others which can be of reat economic benefit to the country. Investment in the social infrastructure. Rostow claims that a society in the drive to maturity stage does much investment in the social infrastructure in there is adequate availability of health facilities, schools and so many others. Furthermore, Coleman stresses much on this by saying that a modern society is likely to achieve development due to the fact that there is the availability of formal education and the society receives more welfare. There to be modernized must therefore do much investment in the creation and distribution on the formal education. For instance the teacher to student ratio in the country is 49:1 of which its still very inappropriate to distribute education effectively. In addition, the number of health facilities in the whole country totaled up to 6321 which obviously the number is too small to cater for the very big population of the country, this shows how poor the country is in the distribution of the social welfare to its people. The improvement of the social infrastructure in Tanzania will therefore lead to a more educated and healthy population which would be much effective in the economic development of Tanzania. Development of economic infrastructure is another feature among the stages of economic development as mentioned by Rostow which Tanzania should also try to adopt so as to archive economic development. Economic development is much contributed for by a much developed transport system since it enhances the provision of goods and services as well as the raw materials needed in the manufacturing industries. The road transport system in the country is not much developed since it is not evenly distributed in the country and most of the roads do not reach the international standards. The airports are available but not with adequate planes to transport a variety of cargo to different parts of the world. This problem has contributed to a slow development of industries in the country as well as less exportation to other countries thus making the country to import more hence making the trade terms unbalanced. Therefore, Tanzania must improve its transport infrastructure so as to enable it be among the developed countries in the world. Smelters analysis entails that a developed country is characterized by the secularization of the political system in which the politicians and their respective arties are allowed to practice their political traditions and cultures. Evidently, this is common in most European countries. Tanzania is a multiparty country but the dominant party is the CCM which has been in leadership for so many decades now. Mostly there has been controversies and every party has its own thing to say and these differences have far much contributed ineffective working of the political leaders because they have to work as per the traditions of the political party in reign this limits the decision making of the leaders of which some could be of much importance to the economic development in the country. Tanzania should therefore practice secularization of its political system so as to reach Rostows highest stage of development. Finally, increase in the level of investment especially in the production of capital goods than the consumer goods. as per the statistics in from the Tanzania Bureau of Statistics, the countrys largest exports are coffee , cotton, sisal, cashew nuts, cloves, diamonds, gold, tobacco and tea. The country imports large quantities building and construction materials, machinery and transport equipment. It is from goods which are very much costly. Rostow argues that in the third and fourth stage of evelopment, the society invests much in industries and the level of industrial growth increases. Therefore, for Tanzania to improve its economy must invest on the import substitution industries which would deal in the production of the capital goods instead of importing them thus saving costs which can later be used to upgrade the living standards of the people in the country. In conclusion, the modernization theory as we have seen is relevant in describing development In different economic societies, the characteristics mentioned in each stage by Rostow, when they are implied, a country will definitely undergo economic development since ach one of them is designed to tackle issues which hinder development in many countries in the world. Most of the developing countries face problems like dis economies of scale, imbalanced terms of trade and so many others of which the solutions towards them are clearly explained in the modernization theory; this shows its applicability in the achievement of development in the least developed countries like -ranzanta. REFERENCES: 1. Walter Rodney. How Europe Undeveloped Africa Tanzania Bureau of Statistics. (Google. com) 2. World Bank Annual Report. (Google. com) 3. UNICEF Tanzania (Google. com) 4.

Developing Management Skills Article Example | Topics and Well Written Essays - 500 words

Developing Management Skills - Article Example The two components can be integrated in numerous ways that are structures, policies, values and Training and development practices that are being followed in the organization. Phase 2 that is the DO phase is all about selecting and implementing specific training programs and their content. The method of extracting the content for a training program is done from company's strategic objectives, culture, values and their decided skill needs. The most important training and development area is leadership training that is conducted by organizations through short courses. Mostly training and development resources are derived from inside of the organization and a minor amount is extracted from the outside environment. Phase 3 is the Check phase, unfortunately this is the most ignored phase in most organizations but organizations that give importance to this phase have developed successful Training and development programs. This relates to evaluation of the training and development program that is currently running. The aspects evaluated are whether or not the desired results of the training program are being achieved.

Human Sleep-Wake Cycle Essay Example | Topics and Well Written Essays - 750 words

Human Sleep-Wake Cycle - Essay Example In the decrement of circadian processes, sleep homeostasis takes charge, allowing for sleep opportunities to dominate (Martinez-Rodriguez & Santamaria, 2005). As part of biological rhythm, patterns in sleep-wake cycle may vary, depending on developmental age, but some of its mechanisms remain the same. Anatomical Description Neurological in origin, sleep-wake cycle is governed by brain structures, which in turn regulates neurochemical mechanisms. On structural construct, hypothalamus in midbrain is home to suprachiasmatic nucleus, which primarily controls circadian patterns of being awake and asleep (Conn, 2006). Progressively, arousal states in consciously-aware individuals are governed by several neurological parts: â€Å"brainstem...thalamus, and basal forebrain.† These anatomic landmarks are sources for several neurotransmitters, which chemically influence the sleep-wake cycle--promoting active or passive stimulation. Specifically, wakefulness is generated by chemical reac tions with â€Å"hyprocretin and locus coeruleus in hypothalamus and dopamine in thalamus,† while sleepiness is induced by â€Å"serotonin in brainstem and prostaglandin in forebrain† (Stiller, & Postolache, 2005, p. 2008). Each is either inhibited or exploited in order to maintain balance between wakefulness and sleepiness. If a part malfunctions, other neurochemicals compensate, before disruptions in sleep-wake cycle manifest. ... In stage 1, there is initial drowsiness and progression towards light sleep. On the next stage, light sleep deepens into true sleep--consistently repeated at midnight. In the last two stages, 3 and 4, biologic functions are slower, and slow-wave category of sleep takes place. This frequently occurs early in sleeping episodes and account for less than a quarter of overall sleeping time. As NREM has been through, more active brain activity signals entry into REM. Brain stimulation is intensive compared to previous levels in NREM, with distinctive â€Å"rapid eye movement...muscle paralysis, and dreaming† (Davis & Parker, 2004). As NREM occupies earlier periods of sleeping time, REM is exhibited during early mornings. In cyclical manner, sleep levels must pass from phases in NREM to REM, and constantly repeated as the chain is through--to achieve restful sleep. Sleep-wake Changes in Age Development Between the lengths of staying awake and falling asleep, there is a supposed diffe rence in this aspect for young and older groups. Length of continuous sleep is shortest in newborns, with less than 4 hours, and increases by 2 hours as they get older--totaling to 14-16 hours per day. In adolescence stage, 10 to 12 hours of sleep is common (Davis & Parker, 2004). Nonetheless, shortened sleep in young children lengthens with age augmentation, and declines as old age approaches. Significantly, circadian wake indicator is an hour or two earlier in older ones; hence, the range between staying awake and falling asleep is no longer proportional to that of younger samples (Billiard & Kent, 2003). The source for such alteration is traced back to circadian rhythm, where diminished natural processes change the older generations’ ability to stay asleep. As circadian

Thin layer chromatography (TLC)

Thin layer chromatography (TLC) It stands for Thin Layer Chromatography. Its a simple technique used by chemists in separation of Mixtures in addition to supporting the identification of the separated compounds by comparing the Retention Factor of the separated compound with that of a known compound. The TLC plate on which the Thin Layer Chromatography is performed is usually a sheet of glass, aluminum or plastic. Its has a coat of adsorbent material ( known as stationary phase ) such as silica gel, alumina or cellulose. First step is application of the sample to the plate, then in a capillary action- the chemist draws the solvent up the plate. Separation occurs due to the different ascendance rates of analytes on the plate. Advantages of TLC over other types of chromatography Paper Chromatography TLC is faster than paper chromatography. Its more sensitive to many substances. Its preparation is usually sharper. It requires smaller quantity of sample. Potential application of different types of reagents without causing damage to the plate. Column chromatography TLC has smaller apparatus It has more speed Previous points leads to cheaper over all procedure It provides easier measurement of the Retention Factor. The above advantages makes it more suitable for analytical purposes rather than separation purposes. Preparation of TLC plate To prepare the TLC plate, first we must mix a small quantity of an inert substance such as calcium sulfate with adsorbent substance like Silica gel and water. The second step is spreading this mixture on sheet of unreactive substance such as glass or plastic. The third step is activation of the plate that results from the previous procedures by heating it in an oven at 110oC for nearly half an hour. The adsorbent layers thickness depends on the purpose of TLC as in case of analytical purposes, it ranges from 0.1 to 0.25 mm. In case of preparative TLC it ranges from 0.5 to 2.0 mm. Technique A small amount of the samples solution is poured on the plate to cover about one centimeter high from the base. Then the plate is soaked in a convenient solvent like Hexane and put in a container thats well sealed. Using capillary action, the solvent goes up the plate to meet the samples mixture which it helps to move up the plate and dissolves as well. Differences between rates of the compounds in the mixture are because each compound has different affinity to the adsorbent layer (stationary phase) from the other compounds and also each compound has different solubility in the mixture. If the solvent is changed, the compounds can be separated (using Retention Factors value). Applications of TLC in the Pharmaceutical field Thin-layer chromatography technique is used for separation of amino acids that are the main components of antibiotics, enzymes and hormones. TLC-UV spectrometry was used to determine salidroside in 8 Rhodiola species ( Rhodiola is a herb that has been used for long time for treatment of cold and flu symptoms in addition to relieving mental and physical stresses. In China, its recently considered as promising anti-aging drug in addition to having causative agent for improvement of athletic performance and enhancing memory). The combination of advanced chromatographic resolution of 2D-TLC with simple bioautography is used in discovering new natural products that are active against important fungal pathogens of plants. Thin-layer chromatography in addition to HPLC are used for the identification of Pogostemoni herba which is a crude drug and a Kampo medicines-component. TLC-colourimetric was used to estimate free and combined emodine, physcione and chrysophanol in Indian Rhubarb and it turned out to contain (0.07%)of free emodin of (0.08%) of C-glycosidic emodin, (0.30%) of O-glycosidic emodin, (0.40%) of free physcione, (0.18%) of O-glycosidic physcione, (0.17 %) of C-glycosidic physcione, (0.15%) of free chrysophanol, (0.06%) of O-glycosidic chrysophanol and (0.21%) of C-glycosidic chrysophanol. TLC-UV Densitometric method is used in Misai Kucing Capsules for Simultaneous Quantification of Sinensetin and Tetramethoxyflavone. TLC is used for determination of different compounds in analgesic tablets. TLC-densitometric procedure is used for determination of the contents of Plumbagin which is a naphthoquinone that acts as antimalarial , antimalarial , anticancer, cardiotonic and antifertilityaction. Quantitative Thin-Layer Chromatography is used for the determination of Propranolol in human plasma. Determination of Steroidal Alkaloid Glycosides using Thin-Layer chromatography Immunostaining. TLC is used to determine Phenytoin in pharmaceutical preparations and identify its Hydroxylated Urinary Metabolites. Isolation of antioxidants from Perilla frutescens var. acuta fruit is carried out using TLC. TLC- densitometric method is used to analyse artemisinin in the planlets of Artemisia annua L. TLC is used to detect as well as identify opiates in urine in addition to reveilind adultration in heroin. TLC-Densitometry is used in the Quantitative Analysis of Curcumin, Demethoxycurcumin and Bisdemethoxycurcumin in the Crude Curcuminoid Extract from Curcuma longa.

Politics in America Essay -- Political American Society Essays

Politics in America There are many important decisions made every day in this country. Most Americans do not know about half of these decisions. There is no need for the average adult to know all the decisions that happen every day because he can not be trusted to make the majority of the decisions. However, there are certain aspects of life where the average man is worthy of making decisions for himself. Economically, the average man can make educated decisions because it directly involves his immediate environment. In politics, the majority of decisions are made for the average man because he is not educated enough about national issues. The average man is not stupid. However, he doesn’t have a good enough grasp on national reality to make intelligent decisions. The average man can be trusted to make decisions that affect his personal and social existence only in specific aspects of his life. Politics today is a very complicated subject that few people outside fully comprehend it in its entirety. The average adult thinks he understand most of politics. When in fact, the average adult does not know most of what takes place in politics. Voting for amendments will affect one’s social existence, yet average adults won’t know half of what the amendment actually means before voting. If people do not watch debates for elections, or make some effort to understand what a candidate’s views are, they end up making an uneducated decision about who to vote for. Since this is the average adult, effects can be catastrophic. An unqualified candidate could be elected to office and make poorer decisions that will have a worse effect nationally. Average adults need someone to be there leader or else they fail. As much as I ... ...litics fully. Young people have not experienced enough about this world where they are to be trusted to handle a subject as complex as politics. However, economically, average adults have experienced a lot in their lives already. They know enough about their jobs or their immediate surroundings that they can be trusted to make educated decisions. Average adults can be trusted to participate in the decisions that affect their personal and social existence economically. This is one sphere of life where man has lived long enough to make decisions on his own. However, there are still other aspects of life where average adults are not ready to be trusted to make decisions. Politics will continue to be a difficult subject for people to comprehend. Decisions that affect average adult’s personal and social existence can only be allowed in certain spheres of life.

Financial Analysis of Paint Industry

Financial Reporting Analysis Paint Industry (Asian Paints) Financial Reporting Analysis of Paint Industry (Asian Paints) CONTENTS Profitability Ratios †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 3 Operating Profit Margin †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 3 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Gross Profit Margin †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 4 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 4 Net Profit Margin†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 5 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Earnings per share †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 6 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 6 PERFORMANCE RATIO †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢ € ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 7 Price/Earnings Ratio †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 7 Return on Capital Employed †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â ‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 8 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 8 DEBT COVERAGE RATIO †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Interest Coverage Ratio †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 9 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 9 LIQUIDITY AND SOLVENCY RATIO †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 10 Current Ratio †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 0 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 10 Quick Ratio †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 11 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 11 ACTIVITY RATIO †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 2 Inventory Turnover Ratio †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 12 Industry Comparison †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 12 3 – Step Du Pont Analysis †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 13 Asian Paints †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3 Berger Paints †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 13 Kansai Nerolac †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 14 Akzo Nobel†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 15 CONCLUSION †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 15 Page | 2Financial Reporting Analysis of Paint Industry (Asian Paints) PROFITABILITY RATIOS OPERATING PROFIT MARGIN Operating margin is a measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc. When looking at operating margin to determine the quality of a company, we look at the change in operating margin over time to compare the company's yearly or quarterly figures to those of its competitors. If a co mpany's margin is increasing, it is earning more per dollar of sales. The higher the margin, the better is the performance of the company.Operating Margin = Operating Income/Net Sales INDUSTRY COMPARISON 2011-12 2010-11 2009-10 2008-09 2007-08 Asian Paints 16. 81 17. 57 19. 24 13. 16 15. 83 Berger Paints 10. 61 10. 21 10. 45 8. 43 10. 08 Kansai Nerolac 12. 3 12. 88 14. 55 10. 7 14. 24 Akzo Nobel 6. 65 11. 00 12. 33 11. 89 10. 60 25 20 2011-12 15 2010-11 2009-10 10 2008-09 2007-08 5 0 Asian Paints Berger Paints Kansai Nerolac Akzo Nobel The graphs show a higher value for Asian Paints as compared to its competitors. The reason for this is the high income earned for every sale concluded. However, the ratio for all the companies is dropping over the years.Akzo Nobel has shown a sharper decline than all the others, which implies lesser income. The profit margin of the company has declined and hence OM has also declined. Page | 3 Financial Reporting Analysis of Paint Industry (Asian Paint s) GROSS PROFIT MARGIN A company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage. The gross margin represents the percentage of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold by a company.The higher the percentage, the more the company retains on each dollar of sales to service its other costs and obligations. Gross Margin (%)= (Revenue-Cost of Sales) / Revenue INDUSTRY COMPARISON Asian Paints 15. 61 16. 14 18. 11 11. 90 14. 62 Berger Paints 9. 19 8. 77 8. 88 7. 08 8. 69 Kansai Nerolac 10. 24 10. 70 12. 11 8. 16 11. 23 Akzo Nobel 4. 77 9. 21 10. 29 9. 53 8. 18 2011-12 2010-11 2009-10 2008-09 2007-08 20 18 16 14 12 10 8 6 4 2 0 14. 62 11. 9 18. 11 16. 14 15. 61 Percentage (%) 12. 11 10. 7 10. 24 11. 23 7. 08 8. 88 8. 77 9. 19 8. 16 8. 18 9. 53 10. 29 9. 21 Akzo Nobel 8. 69 Asian Paints Kansai NerolacBerger Paints 2008 2009 2010 2011 20 12 ? The gross profit margin percentages (GPMs) are almost constant over the years for all the four companies. Asian Paints has greater GPM than others as, being the largest company both in terms of the balance sheet and the market share; it enjoys huge economies of scale. This guarantees lower costs as compared to the competitors. ? Akzo Nobel’s GPM has dipped drastically from FY11 to FY12 and that is because of increase in the expenses. These expenses were mainly on account of hiring (employee expenses) that the company did during the financial year 2012. 4. 77 Page | 4Financial Reporting Analysis of Paint Industry (Asian Paints) NET PROFIT MARGIN The ratio of net profits to revenues for a company or business segment – typically expressed as a percentage – that shows how much of each dollar earned by the company is translated into profits. Net margins can generally be calculated as: Net Margins = Net Profit/Revenue Where Net Profit = Revenue-COGS-Operating Exp enses – Interest and Taxes INDUSTRY COMPARISON Asian Paints 2011-12 2010-11 2009-10 2008-09 2007-08 11. 38 11. 61 14. 29 7. 97 10. 28 Berger (%) 6. 61 6. 99 7. 02 5. 79 6. 79 Paints Kansai Nerolac 7. 86 9. 03 9. 04 6. 58 9. 00 Akzo Nobel 9. 60 14. 8 15. 00 31. 6 6. 30 35 30 25 20 15 10 5 0 Asian Paints Berger Paints Kansai Nerolac Akzo Nobel 2011-12 2010-11 2009-10 2008-09 2007-08 ? Net margins will vary from company to company, and certain ranges can be expected from industry to industry, as similar business constraints exist in each distinct industry. ? Here, the values are falling for all the companies, and all of them have more or less similar values. This implies that the NPM is similar for all companies. Page | 5 Financial Reporting Analysis of Paint Industry (Asian Paints) EARNINGS PER SHARE The portion of a company's profit allocated to each outstanding share of common stock.Earnings per share serve as an indicator of a company's profitability. When calculating, it is more accurate to use a weighted average number of shares outstanding over the reporting term, because the number of shares outstanding can change over time. EPS= (Net Income – Dividends on Preferred Stock) /Average Outstanding Shares INDUSTRY COMPARISON Asian Paints 2011-12 2010-11 2009-10 2008-09 2007-08 99. 92 80. 81 80. 74 37. 78 39. 12 Berger RS 5. 12 4. 29 3. 47 2. 78 2. 89 Paints Kansai Nerolac 40. 06 38. 22 61. 42 36. 59 44. 46 Akzo Nobel 54. 79 47. 94 43. 25 77. 38 15. 69 120 100 80 60 40 20 0 39. 12 37. 78 80. 74 80. 81 99. 92 44. 46 36. 9 61. 42 38. 22 40. 06 Asian Paints Kansai Nerolac 2. 89 Berger Paints 2. 78 3. 47 4. 29 5. 12 2008 2009 2010 15. 69 Akzo Nobel 2011 ? The shares of Berger paints have a Face Value of Rs. 2, hence it has a larger number of shares. On the other hand, Asian Paints has Face Value of Rs. 10 therefore it has smaller number of shares. This implies that the EPS of Berger Paints is less than Asian Paints. ? Asian Paints has the best figures in spite of adjustment of EPS. A better comparison of the EPS can be done with adjusted EPS, as it gives realistic numbers. Hence for comparing, we can multiply the EPS of Berger Paints by 5 and then compare.Also Berger paints has been the most consistent competitor throughout 5 year with steady increase in EPS. 77. 38 43. 25 47. 94 54. 79 2012 Page | 6 Financial Reporting Analysis of Paint Industry (Asian Paints) PERFORMANCE RATIOS PRICE/EARNINGS RATIO The price by earnings ratio is a valuation ratio of a company's current share price compared to its per-share earnings. A high P/E suggests that investors are expecting higher earnings growth in the future compared to companies with a lower P/E. Price Earnings ratio = (Market Value per Share) / (Earnings per Share) INDUSTRY COMPARISON 2011-12 2010-11 2009-10 2008-09 2007-08Asian Paints 31. 91 31. 35 25. 59 20. 96 30. 06 Berger Paints 20. 09 19. 86 16. 83 12. 59 12. 58 Kansai Nerolac 22. 52 21. 3 9. 92 5. 58 8. 03 Akzo Nobel 14. 64 1 6. 31 13. 85 5. 39 39. 74 45. 00 40. 00 35. 00 30. 00 25. 00 20. 00 15. 00 10. 00 5. 00 0. 00 Asian Paints Kansai Nerolac Berger Paints 8. 03 5. 58 9. 92 30. 06 20. 96 25. 59 31. 35 31. 91 21. 30 22. 52 12. 59 16. 83 19. 86 20. 90 39. 74 12. 58 Akzo Nobel 2008 2009 2010 2011 5. 39 ? A high P/E value implies future expectation of the markets from the shares of the company is high. Very high PE(price to Earning) implies an overpriced share in the market. High ROCE(Return on Capital Employed) with low PE implies that company is doing well and the price of shares will rise in future. Berger Paints in this regard stands out because it has efficiently managed the input raw material fluctuations very well. ? Asian Paints has the highest ROCE in the industry for FY12, as it is the market leader as well. Page | 7 13. 85 16. 31 14. 64 2012 Financial Reporting Analysis of Paint Industry (Asian Paints) RETURN ON CAPITAL EMPLOYED A ratio which indicates the efficiency and profitability of the ca pital investments by a company.ROCE should always be higher than the rate at which the company borrows; otherwise any increase in borrowing will reduce shareholders' earnings. ROCE = EBIT / (Total Assets – Current Liabilities) INDUSTRY COMPARISON 2011-12 2010-11 2009-10 2008-09 2007-08 Asian Paints 52. 24 55. 73 62. 84 49. 35 57. 32 Berger Paints 25. 88 26. 2 26. 64 18. 48 22. 9 Kansai Nerolac 27. 02 27. 3 26. 8 25. 4 28. 1 Akzo Nobel 17,36 14. 17 12. 94 11. 57 13. 04 70 60 50 40 30 20 10 0 57. 32 49. 35 62. 94 55. 73 52. 24 22. 9 18. 48 26. 64 26. 2 25. 88 25. 43 26. 78 27. 36 27. 02 28. 01 Asian Paints Kansai Nerolac Berger Paints 008 2009 2010 ? If (Return on Capital Employed) ROCE is high and Price to Earning is low (i. e. , it is share is available cheaply), the share is recommended. This is because the company is utilizing its capital well and the price is lower as compared to the earnings. ? Asian Paints has had a phenomenal growth in this regard. It has been very effi ciently utilizing the capital employed. This factor has been one of the distinguishing factors clearly making it market Leader. 13. 04 11. 57 12. 94 14. 17 17. 36 Akzo Nobel 2011 2012 Page | 8 Financial Reporting Analysis of Paint Industry (Asian Paints)DEBT COVERAGE RATIOS INTEREST COVERAGE RATIO A ratio used to determine how easily a company can pay interest on outstanding debt. The interest coverage ratio is calculated by dividing a company's earnings before interest and taxes (EBIT) of one period by the company's interest expenses of the same period. INDUSTRY COMPARISON 2011-12 2010-11 2009-10 2008-09 2007-08 Asian Paints 50. 66 74. 05 74. 27 55. 04 69. 73 Berger Paints 15. 14 17. 99 36. 62 8. 33 10. 28 Kansai Nerolac 340. 78 310. 54 196. 02 75. 24 112. 68 Akzo Nobel 64. 18 103. 00 116. 55 38. 29 33. 68 400 350 112. 68 75. 24 196. 02 300 250 200 69. 73 55. 4 74. 27 74. 05 50. 66 150 100 50 0 Asian Paints Products 310. 54 340. 7 Kansai Nerolac Berger Paints 8. 33 36. 62 17. 99 15 . 14 10. 28 2008 2009 2010 33. 68 38. 29 Akzo Nobel 2011 ? For Kansai Nerolac, the debt has drastically reduced from 1. 23 to 0. 09Cr in FY11-12. Therefore a very drastic drop in Interest coverage Ratio is seen for FY12. Though Akzo Nobel has no long term debt, it the short liabilities are the reason which leads to the interest expenses. ? Also, Berger Paints has seen its interest expenses increase by 50% and debt coverage ratio high indicating that it has higher interest payables.This implies that it has taken huge debts, the reason for which might be for expansion, as the other ratios for the company do not point to any problems in its earnings capability Page | 9 116. 55 103 64. 18 2012 Financial Reporting Analysis of Paint Industry (Asian Paints) LIQUIDITY AND SOLVENCY RATIOS CURRENT RATIO The current ratio, also known as liquidity ratio, is used to give an idea of the company's ability to pay back its short-term liabilities (debt and payables) with its short-term assets (cash, inventory, receivables). The higher the current ratio, the more capable the company is of paying its obligations.A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt – as there are many ways to access financing – but it is definitely not a good sign. Current Ratio = Current Assets/ Current Liabilities INDUSTRY COMPARISON 2011-12 2010-11 2009-10 2008-09 2007-08 Asian Paints 1. 07 0. 93 0. 89 1. 13 0. 99 Berger Paints 1. 44 1. 43 1. 57 1. 34 1. 15 Kansai Nerolac 1. 67 1. 518 1. 44 1. 47 1. 866 Akzo Nobel 1. 09 0. 85 0. 73 0. 79 0. 81 . 52 1. 66 2 1. 8 1. 6 0. 99 1. 13 0. 89 0. 93 1. 07 1. 4 1. 2 1 0. 8 0. 6 0. 4 0. 2 0 Asian Paints 1. 88 1. 3 1. 15 1. 34 1. 57 1. 43 1. 44 1. 53 Kansai Nerolac Berger Paints 2008 2009 2010 ? Paint industry player have typically very healthy CR ranging between 1 a nd 2. There are very few chances of their facing an insolvency problem. ? Asian Paints’ current assets have seen an increase of about 50% and Current liabilities increase by about 25%, thus leading to a greater increase in its CR from FY11 to FY12. Major increase was due to increase in cash and inventory levels compared to Asian Paints ?Akzo Nobel has experienced a huge increase in inventory production improvement and hence its figures have improved. Page | 10 0. 81 0. 79 0. 73 0. 85 1. 09 Akzo Nobel 2011 2012 Financial Reporting Analysis of Paint Industry (Asian Paints) QUICK RATIO An indicator of a company's short-term liquidity. The quick ratio measures a company's ability to meet its shortterm obligations with its most liquid assets. It is more conservative than the current ratio, as the current ratio often overestimates the company’s ability to repay its short term obligations. The higher the quick ratio better is the position of company.It is also known as the â €Å"acid-test ratio† or the â€Å"quick assets ratio†. Quick Ratio = (Current Assets – Inventories – Prepaid Expenses)/Current Liabilities INDUSTRY COMPARISON Asian Paints 0. 57 0. 34 0. 38 0. 59 0. 47 Berger Paints 1. 10 0. 99 0. 88 1. 10 1. 08 Kansai Nerolac . 84 . 74 . 79 . 99 1. 16 Akzo Nobel 0. 65 0. 48 0. 44 0. 48 0. 45 2011-12 2010-11 2009-10 2008-09 2007-08 1. 16 1. 4 1. 2 1 0. 59 0. 38 0. 34 0. 57 0. 8 1. 08 0. 79 0. 74 0. 84 1. 1 0. 88 0. 99 1. 1 0. 99 0. 6 0. 4 0. 2 0 Asian Paints Kansai Nerolac Berger Paints Akzo Nobel 2008 2009 2010 2011 ? The growth of QR has not been in line with the current ratio.The large variation for different companies is because of the huge levels of inventory (huge portion of CA). ? As compared to FY11, Asian paints inventory has increased by 20% in FY12. ? Berger paints and Kansai Nerolac figures are good, others might have issues in solvency as they have very low values of QR. 0. 48 0. 44 0. 48 0. 65 0. 47 0. 45 20 12 Page | 11 Financial Reporting Analysis of Paint Industry (Asian Paints) ACTIVITY RATIO INVENTORY TURNOVER RATIO Shows how many times a company's inventory is sold and replaced over a period. Number of days in Inventory holding i. e. (365/ Inventory Turnover Ratio), which is also directly proportional to the cost of handling inventory and should be as low as possible. Inventory Turnover Ratio = COGS / Closing Inventory INDUSTRY COMPARISON Asian Paints 7. 56 7. 08 7. 95 9. 8 8. 03 Berger Paints 5. 80 5. 87 6. 37 6. 64 5. 92 2011-12 2010-11 2009-10 2008-09 2007-08 Kansai Nerolac 6. 76 7. 17 8. 17 10. 08 9. 11 Akzo Nobel 6. 35 8. 73 11. 60 10. 20 8. 72 10 8 6 4 2 0 8. 03 9. 8 7. 95 7. 08 7. 56 12 9. 11 10. 08 8. 17 7. 17 6. 76 6. 64 6. 37 5. 87 5. 8 8. 72 10. 2 11. 6 8. 73 5. 92 Berger Paints Akzo Nobel 14 Asian Paints Kansai Nerolac 008 2009 2010 2011 2012 ? Berger paints is best in the industry, next comes Akzo Nobel and then Asian Paint. ? Sales of Akzo Nobel have increased by 70% , proportionately COGS and inventory has increased by 100%, and therefore we can observe a sharp dip in its ratio. 6. 35 Page | 12 Financial Reporting Analysis of Paint Industry (Asian Paints) 3 – STEP DU PONT ANALYSIS ? ROE = Operating efficiency * Asset Usage Efficiency * Financial Leverage ? ROE broken down into three components :†¢ Operating efficiency = Net Income / Sales †¢ Asset Use efficiency = Sales / Assets †¢ Financial Leverage = Assets / Net worthASIAN PAINTS 16 14 12 10 8 6 4 2 0 2007. 5 2008 2008. 5 2009 2009. 5 2010 2010. 5 2011 2011. 5 2012 2012. 5 Operating Efficiency Asset Usage Efficiency Financial leverage ? Operating efficiency has increased from 10. 28 in 2008 to 11. 38 in FY12. Due to higher input costs, this parameter has dipped slightly compared to last year. ? Asset Use efficiency has been improving because more and more assets are now productive that were procured in earlier years ? Financial Leverage has been flat throughout 5 years, meaning the company has largely relied on Cash or Equity rather than Debt to function.BERGER PAINTS 8 7 6 5 4 3 2 1 0 2007 2008 Operating Efficiency 2009 2010 2011 2012 2013 Asset Usage Efficiency Financial Leverage Page | 13 Financial Reporting Analysis of Paint Industry (Asian Paints) ? Operating efficiency has been varying from 6. 79 2008 to 6. 61 in FY12. Company has not been able to manage the profitability due to varying Crude oil prices. ? Asset Use efficiency has been improving because more and more assets are now productive that were procured in earlier years ? Financial Leverage has been declining throughout 5 years, which is beneficial to the company.KANSAI NEROLAC 10 9 8 7 6 5 4 3 2 1 0 2007 2008 2009 2010 2011 2012 2013 Operating efficiency Asset Usage Efficiency Financial Leverage ? Operating efficiency has been very volatile varying between from 9 in 2008 to 7. 86 in FY12. Company has not been able to manage the profitability due to varying Crude oil prices. ? Asset Use efficiency has the lowest amongst the peers that have been compared because company has not been investing in PPE Page | 14 Financial Reporting Analysis of Paint Industry (Asian Paints) AKZO NOBEL 35 30 25 20 15 10 5 0 2007 2008 2009 2010 2011 2012 2013

The Personality Theories Of Sigmund Freud And Alfred Adler

The content of this paper is to describe and critique the personality theories of Sigmund Freud and Alfred Adler. Within this paper, the background of the theorist will be discussed along with personality theories. This paper will also provide description some of the major principles of personality theories to include lifespan personality changes, gender and culture. The last section will be a personal opinion, why and conclusion of the theories how it can be conceptualized regarding my own family situation. History Over the years every time you hear the Sigmund Freud you will hear Alfred Adler. Freud and Adler are two of the big contributors in today psychology world. They set the foundation for future generations of psychologist†¦show more content†¦On the surface is call consciousness which is the tip of the iceberg. It is consists of our focus on attention and thoughts. The preconscious consists of all which can be recovered from our memory (McLeod, 2013). Third thing of the iceberg which lies under the water is the most significant of the unconscious mind. The most important part of the mind is the part that you cannot see. This part is the real cause of most behaviors. The unconscious mind acts as a repository and impulse kept at bay and mediated by the preconscious area (Freud, 2015). Freud, (2015) also said the goal of psychoanalysis is to make the unconscious mind conscious. Psychosexual Stages Freud theory on Psychosexual Stages is that he believed children were born with a sexual urge and with libido (McLeod, 2013). Children go through many stages during childhood and seek pleasure form different type of objects. In Freud’s theory children’s go though (McLeod, 2013): †¢ Oral – The mouth sucking and swallowing. †¢ Anal – The anus withholding or expelling feces. †¢ Phallic – The penis or clitoris masturbation. †¢ Latent – Little or no motivation present. †¢ Genital – The penis or vagina sexual intercourse. Psychosexual development and Oedipus complex was the point of his career that is most controversial. We must complete each stage successfully for us to be psychologically healthy. If not mental abnormality can occur and the person become fixated (McLeod, 2013).Show MoreRelatedTheoretical Views Essay1698 Words   |  7 Pagesin history of psychology such as; Sigmund Freud, Alfred Adler, Carl Jung, and William James. Each psychologist’s mentioned has proposed their own reasoning behind the psychological functions and causes of human behavior. Each doctor of psychology has their own perspective as to why a person behaves the way that they do. Take Sigmund Freud for instance, he believed the unconscious mind had a strong influence on human behavior. (Cherry, 2011). 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The studies of psychology started from Hippocrates’ theory that argues that personality traits are based on four different sections. This Read More250 Week 2 Psycho963 Words   |  4 PagesPsychoanalytic Personality Assessment In an attempt to understand the human psyche as it relates to personality, theorists such as Sigmund Freud, Carl G. Jung, and Alfred Adler all developed their theories to describe personality. To better understand the mentioned theorist’s beliefs it is necessary to compare and contrast the various psychoanalytic theories characteristics as well as to make mention of the portions that are agreeable or disagreeable. Also, the stages of Sigmund Freuds theory and FreudianRead MoreThe Theory Of Psychoanalysis On The Unconscious Phases Of Personality Development1130 Words   |  5 PagesThe theory of Psychoanalysis In the early 1800s, Psychologist and researchers were fervent in postulating and hypothesizing. Searching earnestly for answers to the many questions that were prevalent in those days. The theory of Psychoanalysis was one of such theory that was founded. Psychoanalysis emphases on the unconscious phases of personality development. The main tenets of this theory are characterized into four subsections. Firstly, it states that early childhood experiences are important inRead MoreSigmund Freud And Alfred Adler1867 Words   |  8 Pagesand contrast the fundamental theory established by Sigmund Freud and Alfred Adler. The areas of study for the theories they established were in personality and mental health. Sigmund Freud established the stages of personality and aspects of the human mind. Alfred Adler studied the individual as a whole. Their theories were quite different, but their main conflict was over the influence of sexuality in the human mind. Compare and Contrast: Sigmund Freud and Alfred Adler Two of the well known andRead MorePsychoanalytic Psychology : Psychoanalytic Personality Assessment1427 Words   |  6 PagesPsychoanalytic Personality Assessment Julious Campbell PSY/250 June 8, 2015 MR. MICHAEL PHILLIPS Psychoanalytic Personality Assessment Many people consider Psychology a science, which is true, applied science. Psychology is the study of the mind and behavior which has different levels with many dimensions. Psychology is compounded with many theories and studies that by trial, and error, have made psychology into the discipline that it has become today. Sigmund Freud, Carl Jung, and Alfred Adler are justRead MorePsy/250 Week 2 Psychoanalytical Personality Assessment Essay987 Words   |  4 Pages Psychoanalytical Personality Assessment Everybody is unique or special in one form or another and each personality has a theory. For many years psychologists have based theories upon individuals and I the writer will compare and contrast three well known psychologists Sigmund Freud, Alfred Alder, and Carl Jung. Sigmund Freud was one of the greatest psychologists in time he Alder and Jung’s theories were very similar but then again very different. Within these theories we will discuss characteristicsRead MorePsychoanalytic, Jungian, and Individual Psychology Theories Essay988 Words   |  4 PagesIndividual Psychology Theories When the word classical is used, images of things developed long ago with their traditional styles and ideas come to mind. They are perceived today as outdated and not as effective. Classical models of psychotherapy although deemed outdated, still have relevance in today’s practice of understanding human behavior. Psychotherapy is a science and art that was established back in the 1800’s with its own style and ideas. 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