The firm’s current line of credit is about double what it normally is and the payments on their remaining long-term debts are going to increase through the next four years with a balloon payment due in 2015 of $642,000. The increased current line of credit is due to the recently added production lines and only carries a 4% interest rate. Overall, the increased debt is justifiable as they are producing a lot more, but it does hinder their liquidity and ability to take on more debt. In 2015 the company had a gross margin at 30.8% which was higher than the industry. This is a good indication that the
Management even brought their quick ratio to 1.08. Thus, they are in a position to cover any debt obligations that may come up quickly. Their inventory turnover has been relatively steady over the five years of data. In year 7 their inventory turnover reached 3.2 which means inventory is moving through to customers at an increased rate over the year which correlates with their increased sales. This statement is supported by the fact that the days inventory held for stoves has dropped over the past five years from 146 days in year 3 to 114 days in year 7.
Alcoa Inc Shares of the aluminum giant, Alcoa (NYSE: AA) have risen approximately 39%, after bottoming to its lowest level of $6.74 a share in the second-half of January 2016, due to rise in aluminum prices. The aluminum prices jumped nearly 11% over a seven-week stretch through early March to a little over $0.73/ lb from $0.66 lb in the first-week of January, 2016. However, the prices have then deteriorated and settled at little more than $0.67 lb at present, yet reflecting a 2% growth since year-to-date. This upward momentum in the aluminum prices is mainly driven by the increase in the energy prices and the cut in aluminum production in China. According to the data released by the International Aluminum Institute, China reported a total of 4,852 thousand metric tonnes of
In general, visit numbers have increased over time, from 42 million in 1996, although the number of visits fell sharply in 2009 in the wake of the economic downturn. Numbers have increased every year since 2012 ' ' (“Travel Trends 2016 — Office For National
The e-commerce revenue grew 55% in fiscal 2015 to over $1 billion, fueled by an expansion to new countries and supported by experience-enhancing infrastructure investments. Phil Knight is the Chairman Emeritus and Mark Parker is the current President & CEO. Over the past five years,
Since the ratio is improving, it is fair to say that Kohl’s Corp is improving in their ability concerning their total liabilities. The Operating cash flow to total debt is improving since 2013 and is on an upward trend. According to Kohl’s Corporation on their 10K reporting for the last fiscal year, “our gross margin may not be comparable with that of other retailers because we include distribution center costs in selling, general and administrative expenses while other retailers may include these expenses in cost of merchandise sold.” (United States Securities and Exchange Commission, 2013) According to CSI Market: Kohl’s Revenue per employee fell on trailing twelve month basis to $ 137,971 but remained above company average. Within the retail sector 32 other companies have achieved higher receivable turnover ratio. While revenue per employee total ranking has improved so far to 504, from total ranking in previous quarter at 521.
These mines attained their first commercial production recently. In fact, Cerro Negro’s third-quarter production has increased at a triple-digit rate to 161,100 gold equivalent ounces from 22,900 gold equivalent ounces last year. Also, the production at Eleonore jumped to 86,700 ounces of gold from 18,300 ounces of gold last year. But, what’s even more impressive is that despite this impressive increase in production, Goldcorp was able to lower its costs, as a result of which the company was able to improve cash flow. For instance, the company has reduced its all-in-sustaining costs by over 21% to $848 per ounce from $1,067 per ounce last year.
Strategic Audit CNO Financial Current Situation Current Performance Bankers Life and Casualty, Washington National, and Colonial Penn insurance companies are the main divisions operating under the parent company of CNO Financial. CNO Financial reported revenue earnings of $3.8 billion in 2015, which was a decrease from the previous year growth of $4.1 billion. However, quintupling net income of 2014 of $51.4 million to an astonishing $270.7 million shows a superior performance over the previous year. CNO Financial carries operating earnings of $275 million in 2015, which is an increase from the previous year of $259 million (CNO Financial Group, n.d.). Continually improving market share within the middle market is a focus for CNO Financial.
Salary expense was $57k over in June and $918k over budget YTD, for the most part due to revenue-generating positions added during the year and partially due to the market value adjustments added earlier in the year. The market value adjustments led to Purchased Services savings. Purchased Services showed an YTD decrease of $424k, with a continued favorable trend expected in FY17. Benefits were $151k over for the month and $132k over YTD, primarily the result of three covered members at or approaching the stop-loss level. Chargeable supplies were $141k over budget for June, a by-product of strong Orthopedic volumes in the OR.
Research on the economic effects of undocumented immigrants is scarce but existing studies suggests that the effects are positive for the country that they are in. Consider a scenario where undocumented immigrants are granted legal status and citizenship during the year 2013 the U.S. GDP, would grow by $1.4 trillion over 10 years between 2013 and 2022. "Americans would earn an additional $791 billion in personal income over the same time period—and the economy would create, on average, an additional 203,000 jobs per year." (Lynch, Oakford) Over the span of five years undocumented immigrants would earn 25.1 percent more than they do now and $659 billion more from 2013 to 2022, meaning they would be benefiting in