Pearl Harbor Essay - 1387 Words

Yesterday, Dec. 7, 1941 - a date which will live in infamy - the United States of America was suddenly and deliberately attacked by naval and air forces of the Empire of Japan. Exactly as Franklin Delano Roosevelt proclaimed in his speech to Congress, December 7th would indeed live in infamy. Pearl Harbor was the most pivotal foreign affairs incident for the United States since the signing of the Declaration of Independence. Not only was it significant domestically, it had resounding consequences across the globe. It has lived on as one of the single most tragic events on United States soil. Early Warnings The United States had received many warnings stating there would be an attack on Pearl Harbor. In October, the Soviets top spy,†¦show more content†¦In addition to this, Eleanor Roosevelt wrote that FDR became in a way more serene. In the NY Times Magazine of October 8, 1944 she wrote: December 7 was...far from the shock it proved to the country in general. We had expected something of the sort for a long time. However, the United States Government has learned from this mistake. Today, many more precautions are taken, and veiled threats are taken much more seriously. An example of this would be the War for Iraqi Liberation. The United States Government believed that Saddam Hussein was a threat, and rather than waiting for this to be entirely confirmed, the United States Government preemptively struck against him. The Attack By 7:55am Japanese planes filled the sky over Pearl Harbor. The first wave consisted of a flight of Japanese bombers armed with shallow-running torpedoes and bombers armed with armor piercing bombs. Without warning, they opened fire on the seven exposed battleships and the surrounding ships. Simultaneously, the airfields and aircraft on them were assaulted, giving the Japanese near-complete air superiority. By the time the crews had reacted, most gun emplacements useful as anti-aircraft guns were destroyed. Pearl Harbor was defenseless, and the Japanese took full advantage of this. Soon after the first wave had ended, the low roar of a planes engines was heard again over Oahu. This time, the United States Military was more prepared, but still mostlyShow MoreRelatedThe Pearl Harbor Essay1313 Words   |  6 PagesThe Pearl Harbor Spies On 7 December 1941, the Japan Naval fleet launched a precise and devastating bombing of Pearl Harbor, which stunned the United States. The Japanese attacked Pearl Harbor to neutralize the U.S. Pacific Naval Fleet, so they could advance into Malaya and the Dutch East Indies to access natural resources to further their war effort. However, the Pearl Harbor bombing became an everlasting memory to Americans. Two little known contributors to this event had a profound effect onRead MorePearl Harbor1690 Words   |  7 Pagescountries. Planning In January of 1941 the Japanese began to plan an attack on the US at Pearl Harbor, Hawaii. Unbeknown to United States, the Japanese had set a timeline to attack by the end of that year. The United States had many fore warnings before the attack. During the same first month of the Japanese planning, the US intercepted Japanese communications detailing that an attack would be at Pearl Harbor. When the young soldier that crack the code and told his leadership about what he had heardRead MoreThe Discovery Of Pearl Harbor1998 Words   |  8 PagesConnor Baird Pearl Harbor Introduction Pearl Harbor is a very important event in history because it affected the whole world by bringing the United States into WWII, and also changed the way the United States viewed their enemies. On December 7, 1941 one of the worst attacks ever on the United States occurred. More than 3,000 people lost their lives or were injured that morning, and the attack propelled us into war against the Axis Powers. Through the terrible misjudgement of numerous U.S. militaryRead MoreThe Bombing Of Pearl Harbor1558 Words   |  7 Pagesâ€Å"Remember Pearl Harbor† best summed it up. Pearl Harbor was always expected to be remembered. Not for the good that came out of it, but for the awful violence that World War II started. Not many will look beyond the viewpoint of Pearl Harbor being attacked and many innocent people being killed, or the idea that it is the reason that the U.S. joined World War II. What most do not see is that there were benefits that did come out of Pearl Harbor, which did improve society. The bombing of Pearl HarborRead MoreThe Bombing Of Pearl Harbor1559 Words   |  7 PagesOn December 7, 1941 Japan bombed The United States at Pearl Harbor. The bombing of Pearl Harbor lasted very short than what you would expect which was only one day. Before Japan bombed Pearl Harbor, they started war with different nations that were around them. They did this to get other nation’s materials, for an example, oil, lumber, and coal. Japan was foolish for attacking the United States during WWII at Pearl Harbor; their motive was to take over the islands that the United States owned toRead MorePearl Harbor Essay1359 Words   |  6 PagesPearl Harbor Death, destruction, and mercilessness do little justice in describing the horrible events that took place on December 7th, 1941. What Pearl Harbor fails to accurately depict is the complexity of the situation. The actual causes of the attack and also the long-term effects that the attack on Pearl Harbor had on the world are some aspects one doesnt see. Was the bombing of Pearl Harbor a success? Who benefited the most in the end? Scholars have long ponderedRead MoreThe Attack On Pearl Harbor1582 Words   |  7 PagesThe attack on Pearl Harbor is known today as a horrible event brought on by revenge and Japan’s need for control. This event is one of the single most important events in American history proving that the Japanese armed services may have been strategically stronger and more powerful at one time. The United States was not involved in WWII; that began with Germany invading Poland. The attack on Pearl Harbor, however, led to the United States’ involvement in World War II. It also brought with itRead MoreThe Bombing Of Pearl Harbor Essay1653 Words   |  7 Pages The bombing of Pearl Harbor was a very startling attack that altered American history. It is a significant moment in American history that will not be forgotten. This confrontation happened between America and Japan for different reasons that are presented in this paper. America and Japan had weak negotiations and communications, which led to the attack on Pearl Harbor; however, America reacted on the attack effectively. Because of these circumstances, the rival led to the bombing and destructionRead MoreThe Attack on Pearl Harbor754 Words   |  3 PagesAttack on Pearl Harbor Introduction. I chose this battle because I had been hearing about the attack on Pearl Harbor, but I did not know much about it. This paper talks about the countries that fought in this battle, where the battle was fought, what the geography was like during the battle, what the weather was like, what happened during this battle, how many casualties occurred, other things I learned about the battle, who won the battle, and how the battle was important to WWII. What countriesRead MoreBattle of Pearl Harbor975 Words   |  4 Pagesanalyzed Editors’ (2012) view of the causations of the Japanese attack on Pearl Harbor and the planning of the Japanese and U.S. military commanders on the attack of Pearl Harbor. Also, this paper will suggest that World War II started in Japan years before historians believe the war was initiated in Europe. Japan’s early aggression to its neighboring countries has significant and critical causations of the attack on Pearl Harbor. Editors (2012) suggested that Japan was drawn to wage war with the U.S

Philosophy of Reality and Dreams by Chuang-tzu and Ibn...

Ibn al-Arabi and Chuang-tzu were and continue to be very influential to the study of both religion and philosophy. Their separate notions of dream and reality have survived through the centuries and we continue to attempt to explain and analyze them today. In this paper I will first examine Ibn al-Arabis concept of dream and reality and then move on to study Chuang-tzus thoughts on the subject. After reviewing both of these constructs I will compare and contrast some of the similarities and differences between the two. Through this analysis I will show that although they were written hundreds of years and thousands of miles apart, their conclusions on dream and reality are strikingly similar. The Philosophers Ibn al-Arabi was†¦show more content†¦Also famous for his mystic philosophy is the great Chuang-tzu. Although not much is known about the Chinese Taoist writer, it is believed he was born around 369 B.C.E. on the border of Shandong and Henan provinces, and lived as a hermit until his death c.286 B.C.E. Scholars ascribe to Chuang-tzu at least some of the writing in the Taoist book which shares his name (the Chuang-tzu). In this book, Chuang-tzu uses wit, satire, analysis, and essays to explore many questions of philosophy, including the essence of reality and perception. Today, Chuang-tzu is considered to be one of the founders of Taoist philosophical thought, and his book is recognized as one of the holy scriptures of Taoism. The Chuang-tzu has captivated Chinese readers and encouraged philosophical discussion of its teachings for over two thousand years. Ibn `Arabi on Dream and Reality In his work Bezels of Wisdom, Ibn al-Arabi implies that all of that which we perceive as reality is, in fact a dream. Even in our dreams we are dreaming. Although most of us are unaware that we are dreaming, all that we see, feel, and hear is an illusion, a symbolic manifestation of the true Reality. According to Ibn al-Arabi, All men are asleep; only when they die, do they wake up. In the above statement Ibn al-Arabi does not mean that we must die in order to understand true Reality. He is referring to the process humans must undergo in order to interpret perceived reality to

Divorce And Its Effect On Society - 1018 Words

Divorce â€Å"Until death do us part† is one of the most frequently used phrases within marriage vows. But let’s face it, â€Å"Until divorce do us part† is probably more accurate considering the fact that about one in three marriages end in divorce within ten years (Brower). Nowadays, divorce defines and impacts our era in ways people do not even realize. Divorce is extremely common in the United States, the reasons for divorce have been modified, and the children of divorced parents are feeling the effects. In the mid-1900s, divorce was almost unheard of. Even as recently as the 1970’s, the word ‘divorce’ was frowned upon and simply seen as an insignificant crisis that would resolve itself shortly. Children of the divorced parents may have trouble falling asleep or may begin to stumble through school, but they will adjust to the situation. Men and women could become depressed, throw themselves into sexual affairs, or immerse themselves in work. But each of these reactions was simply part of the process (Wallerstein). After a year or so, it was expected that everyone would have their lives back on track - at least on the surface. Parents and children would pick up new routines and perhaps make new friends or move to a new school; they would take advantage of the opportunities and second chances that divorce brings. However, this theory of recovery was merely wishful thinking (Wallerstein). Today, shocking statistics show about half of all marriages in the Unite d States areShow MoreRelatedDivorce And Its Effect On Society Essay1648 Words   |  7 PagesHalf of all marriages end in divorce. That means that between a person and their closest friend, one of them is likely to get a divorce (Stanton 3). That’s a shocking and scary statistic since divorce is so unhealthy for everyone involved. Sociology’s view, religion’s view, and even the effect of psychology all point to one end, divorce is not beneficial. Divorce is a topic that has been widely silenced because it has rocked so many people’s lives. A 50 percent divorce rate is a huge increase of whatRead MoreDivorce And Its Effect On Society1019 Words   |  5 PagesDivorce has been on a rise in America since the past thirty years. Almost every person might be having a divorced member in its family. Divorce has been reported to be the major cause of suicide as well. Many factors lead to divorce, some of which are online dating, financial problems and physical abuse. In the ancient Roman Republic, a simple statement for divorce was sufficient for the dissolution of a marriage. Some local Church councils even had the equivalent of no-fault divorce, in whichRead MoreDivorce And Its Effects On Society Essay2647 Words   |  11 PagesDivorce. How can that one word bring up such a wide range of emotions? That simple word to some may bring feelings of shame and disgust, while to others it can represent a fresh start and safety from a bad situation. While it would be easy to look at this topic and simply say that it is right or wrong all across the board, it feels inadequate. Every divorce is unique and specific to those within that relationship and could be caused by an array of reasons, so to offer a blanket statement felt insufficientRead MoreThe Effects Of Divorce On Our Society1034 Words   |  5 Pageswith over 1.2 million divorces (â€Å"The Impact of Divorce on Our Society†). Divorce is not limited to breaking apart the husband and wif e; it destroys families, siblings and the future of the American children. Divorces cause money, crime and education issues and an overall effect on the children caught in the middle, which follows them into their adult life. A $1,000 of taxpayer’s money is spent dealing with the consequences of broken families (â€Å"The Impact of Divorce on Our Society†). The amount of moneyRead MorePreventing Divorce And Its Effects On Society3587 Words   |  15 PagesPreventing Divorce In society today, there are many issues we face without any direction. Divorce is a leading problem that impacts families and communities around the world. In the United States, a divorce occurs every 30 seconds, and this is expected to increase over time. What if there was a way to prevent these rates, or even stop them from happening? What we know, is that divorce is very problematic; however, brushing up on its history, focusing on the present state, and learning how it hasRead MoreDivorce Rates And Its Effect On Society2158 Words   |  9 PagesThroughout the past several decades, living together before marriage has become normal amongst couples. Divorce rates have drastically increased and marriage has been redefined. Analysis from studies and reliable sources expose this issue and the importance for it to be addressed. Society today is fast paced and self-rewarding, therefore the majority of people have decided to rush into major relationships, which can have immense consequen ces. This should no longer be a standard, rather we shouldRead MoreEffects of Divorce on Society Essay1090 Words   |  5 PagesIncreased youth crime rate is caused largely by absent fathers as a result of divorce made too easy. Consider this chilling forecast. When we pass the year 2000, we will see two groups of working age adults emerging. One group will have received psychological, social, economic, educational and moral benefits and the other group will have been denied them all. The first group will have grown up with a father present in the house and the second group will have not had a father present. The groups willRead MoreEssay about The Effects of Divorce in American Culture1719 Words   |  7 PagesThe effects of divorce on the American culture are immense. Social scientists have been studying these effects for many years now. The studies are continuing to confirm that the climbing rate of divorce in the American culture is hurting the society and also frequently deva stating the lives of many American children. More often than not people decide to get a divorce before they really think about the effects of divorce. People usually decide to get a divorce based on emotion rather than logic whichRead MoreEssay about How Divorce is Affecting the American Culture1667 Words   |  7 PagesThe effects of divorce on the American culture are immense. Social scientists have been studying these effects for many years now. The studies are continuing to confirm that the climbing rate of divorce in the American culture is hurting the society and also frequently devastating the lives of many American children. There are many areas in which divorce has a negative effect in the life of a child or an adult. Many of these effects also directly correlate to the effect on a society. HoweverRead MoreHow Divorce Has Changed Changing Society1491 Words   |  6 PagesSociety is constantly changing. We are able to visualize these changes year after year by way of statistics. This allows us to be able to use these values to qualitatively analyze correlation, causation, and effect. One topic that has benefited from the use of statistics to measure its effects is divorce. Divorce is defined as the legal process of dissolving a marriage, thus separating two individuals (Merriam). From generation to generation, divorce has been on a steady increase. The annual rate

Financial Reporting and Its Analysis

Question: Discuss about the Financial Reporting and Its Analysis. Answer: Introduction To begin the study, two companies have been selected for the purpose of comparison from the industry of supermarket namely Wesfarmers Limited and Woolworths Limited. Wesfarmers Limited - Company Wesfarmers was established in January 1914 as one of the leading cooperatives for farmers in Australia under the chairman ship of Deanne Hammond. The company has diversified lines of business ranging from liquor to chemicals, fertilizers, coal, safety products for the industry, home and office related supplies and thus supermarkets. The company operates its business through the major five major divisions namely Coles, Home betterment and improvement, Stores, supplies for office, industrial products and other related businesses. The first division was formed in the year 2007 on the Coles group acquisition. Cole group has been itself a bunch of divisions which provides different goods or products to the different customers including food, groceries, liquor products and financial services. Second division is home improvement which contains Bunning, as a leading and required retailer in the field of home betterment and other living products and Home base, as second number retailer for home products and garden services in United Kingdom. Third division is department stores containing two major segments Knart and Target and has been formed in the month of February for the year 2016. Fourth division is office works and for which the company has been regarded as leading supplier of office products and services. Fifth division is Industrial which includes chemicals and fertilizers and safety products for industry. The organizational structure of the companies works from Managing Director, Chief executive and finance officer, Director of respective functions like finance, purchase, logistics and sales, etc, company secretary, managers and lower level employees. Woolworths Limited - Another company is Woolworths Limited that has been formed on fifth of December, 1924 in Sydney. On that day the then CEO of company has mentioned that every part of the world shall be Sydney where all the things and products are available to anyone at cheaper price with good quality and since then the company is striving to achieve the same. The main activity of the company is to have supermarket only where all the products are made available for the customers. The company operates the main activities through its three major divisions Food Group, Endeavour Drinks and Portfolio business. Food group again contains six branches Rewards, supermarkets, countdowns, Thomas dux, petrol and financial services. Second group contains four branches Dan Murphys, BWS, Cellarmasters and Langtons and last group contains three branches Big W, Ezi buy and hotels. The organizational structure of the team is vertical form of structure ranges from top level management including Board of Directors and Executive Committees, middle level management including managers and executives and lower level management including supervisor and their subordinates. The company has been achieving growth since the year of its establishment and has become one of the leading companies in supermarket industry in Australia and New Zealand. Both the companies are at equal pace and thus have been selected for comparison. In the forthcoming headings and subheadings, the comparison has been made with regard to their financial statements and the framework within which the financial report has been framed. Identification and Evalution of the Company Financing Sources The financing resources of each of the company will be identified through the financial statements stated in the annual report and will be evaluated through the computation of different financial ratios. First Company Wesfarmers limited Financing Sources - The Company has been financed by equity component as well as debt component. As per Note Number 12 of the Annual Report of the company: Equity - Equity component of the company includes ordinary equity shares that have been issued to the promoters and shareholders of the company and also includes the shares issued under the scheme of Employees stock option plan wherein the shares are issues to the employees of the company as reward for their performance.(Annual Report, 2016.) Debt - The companys debt component includes both the long term debt and short term debt and has been classified as Non Current liabilities and Current Liabilities respectively. Both the heads of debt have classified under the sub heading of Interest bearing loans and borrowings. As per Note number 14 of the annual report, the company has availed short term debt in the form of corporate bonds and other bank loans and has outstanding balance of $1632 million at the year ending 30th of June 2016. Similarly, the company has availed long term debt and have outstanding balance of $5631 million at the year ended on that date.(Annual Report, 2016) Both the facilities availed are unsecured and as per the reported significant items in the annual report, the company has renewed the facilities of $500 million in June 2016 and thus have intermediate debt in its financing sources. Analysis of Capital Structure and Other Ratios Debt to equity ratio has been increased from 0.63 for the year ending 30-06-2015 to 0.78 for the year ending 30-06-2016 which shows that the company has increased its reliance on the banking funds and that too which are unsecured. Simultaneously the equity ratio has been decreased from 0.61 as at 30-06-2015 to 0.56 as at 30-06-2016. As per the norms of practice, acceptable debt equity is 2:1. Therefore, the company is still within the ambit of having the going concern assumption as high debt equity ratio gives an indication that the company will soon go for liquidation. Net profit margin ratio has been gradually decreased from 6.02 to 2.04 which has alarmed the situations of the investors as to whether to invest further in the company or take back the amount invested so far. Current ratio has been intact at 0.93 times which shows that the liquidity of the company is similar to earlier year. Along with this, the net working capital of the company seems better than as generated in the earlier year. Earnings per share have been gradually decreased from 216.1o for the year ending 30th June 2015 to 36.20 for the year ending 30-06-2016. The major shift has been suffered by the investor and the company only due to low profit margins. Along with the earning per share the companys dividend per share has been decreased from 230 to 201.90. Financing Structure and Financial Reporting Framework The reporting of financing structure of the company has been made within the conceptual framework of financial reporting. All the relevant disclosure have been made and that too in accordance with the Australian Accounting standards and International Reporting Financial Standards (AASB,2015). According to the nature of its business the companys financial structure is adequate. Debt equity ratio as per the supermarket industry should be less than or equal to one. As whole business of the company is of wholesale thus the current liabilities and current assets including creditors and debtors and stock respectively comes in equal proportionate as compared to previous year. Second Company Woolworts limited : Financing Sources - The Company has been financed by equity component as well as debt component. As per Note Number 20 of the Annual Report of the company: Equity - Equity component of the company includes ordinary equity shares that have been issued to the promoters and shareholders of the company and also includes the shares issued as a result of share rights and exercised under the scheme of Employees stock option plan wherein the shares are issues to the employees of the company as reward for their performance and also includes the shares issued under the long term incentive plans for the employees.(Annual Report, 2016.) Debt - The companys debt component includes both the long term debt and short term debt and has been classified as Non Current liabilities and Current Liabilities respectively. As per Note number 23 of the annual report, the company has availed short term market loans and revolving credit facility from the bank amounting to $82 million. The short term securities also includes US senior notes and medium term notes. The long term debt includes bank loan in consortium with other banks and also the US senior notes and European Medium term notes. The company has also financed through the issue of debenture namely Woolworths Notes II. (Annual Report, 2016) . Analysis of Capital Structure and Other Ratios Debt to equity ratio has been increased from 1.28 for the year ending 30-06-2015 to 1.68 for the year ending 30-06-2016 which shows that the company has increased its reliance on the banking funds and that too which are unsecured. Simultaneously the equity ratio has been decreased from 0.44 as at 30-06-2015 to 0.37 as at 30-06-2016. Net profit margin ratio has been gradually decreased from 6.02 to 2.75 which has alarmed the situations of the investors as to whether to invest further in the company or take back the amount invested so far. Current ratio has been intact at 0.84 times which shows that the liquidity of the company is similar to earlier year. Along with this, the net working capital of the company seems better than as generated in the earlier year. Earnings per share have been gradually decreased from 170.80 for the year ending 30th June 2015 to (97.70) for the year ending 30-06-2016. The major shift has been suffered by the investor and the company only due to low profit margins. Along with the earning per share the companys dividend per share has been decreased from 122.50 to 93.80. Financing Structure and Financial Reporting Framework The reporting of financing structure of the company has been made within the conceptual framework of financial reporting. All the relevant disclosure have been made and that too in accordance with the Australian Accounting standards and International Reporting Financial Standards (AASB,2015). Analysis and Comparison of Company's Financial Sources Similarities Debt equity ratio of both the companies has been decreased from the year ending 30-06-2015 to 30-06-2016. Debt equity ratio of both the companies has been decreased from the year ending 30-06-2015 to 30-06-2016. Net profit margin has been decreased of both the companies. Both the companies have made the current ratio intact in spite of having gradual decrease in the net profit margin in the current year as compared to the earlier year. Both the companies earning per share and dividend per share has been decreased gradually and for the Woolworths it is in negative figures. Both the companies have followed same set of accounting standards and have disclosed adequately. Diffirences The pace at which the debt equity ratio has been increased in case of Woolworths Limited is higher than that of Wesfarmers Limited. The current and non - current liabilities has been given in detail by the Woolworths Limited than the Wesfarmers Limited. The equity component of the Woolworths Limited is different from Wesfarmers because of inclusion of Right shares. The debt component of the Woolworths Limited is different from Wesfarmers because of the inclusion of debentures. Reason for Similarities and Diffirences The reason for similarity in ratio is that both the company operates in the same industry and has to follow the pre defined financial ratios that is acceptable. Both the companies having similar increasing and decreasing trend in the ratios. It is so because the net profit margins of the both companies have been gradually decreased. Summary and Recommendation Significant Points First of all the main history of the both the companies have been discussed in detail along with the main activities of the companies. Also the products that is being catered to the customers along with different services has been detailed in connection with the various divisions being operated by both the companies. Secondly, financing sources have been discussed with reference to the annual report of the company. Debt and equity component reported in the financial statements have described with the help of capital structure ratios. Thirdly, financial ratios like net profit margin ratio, current ratio, EPS and DPS, etc have been calculated so as to make the comparison easier. Fourthly, the conceptual framework within which the financial statements have been reported is discussed with reference to accounting standard. From the study of this report, our recommendation for the investors is to invest in Wesfarmers Limited instead of Woolworths Limited in order to have high earning on the amount invested. References Woolworths Limited official website available on https://www.woolworthslimited.com.au/page/Invest_In_Us/Reports/Reports/ accessed on 01/02/2017. Wesfarmers Limited official website available on https://www.wesfarmers.com.au/investors/reports-results-presentations.html accessed on 01/02/2017. Brwon C, Dutton M, Rietz T, Financial Statement Analysis, available on https://tippie.uiowa.edu/iem/modules/finstatement.ppt accessed on 01/02/2017. Financial Statement Analysis available on https://www.business-solutions-and-resources.com/financial-statement-analysis.html accessed on 01/02/2017. Anastasia, (2015), Financial Statement Analysis : An Introduction available on https://www.cleverism.com/financial-statement-analysis-introduction/ accessed on 31/01/2017. Bajkowski, (1999), Financial Accounting Ratios: Putting the Numbers to Work, AAII Journal, August 1999 issue, Pages 1-7. Accessed on 31/01/2017 Lan J., (2012), 16 Financial Ratios for Analysing a Companys Strengths and Weaknesses, AAII Journal, September 2012 issue available on https://www.aaii.com/journal/article/16-financial-ratios-for-analyzing-a-companys-strengths-and-weaknesses.touch accessed on 31/01/2017. Alvarez F and Fridson M, (2005), Financial Statement Analysis A Practitioners Guide, available on https://www.up.m-e-c.biz/up/Mohcine/Pictures%20BOOK/Wiley%20Finance,.Financial%20Statement%20Analysis%20-%20A%20Practitioner's%20Guide,%203rd%20Edition.pdf accessed on 31/01/2017. Uzochukwu N, (2012), Analysis and Interpretation of Financial Statements as a Managerial Tool for decision making, accessed on https://www.google.co.in/url?sa=trct=jq=esrc=ssource=webcd=4cad=rjauact=8ved=0ahUKEwiUqvrpj7TMAhWQCY4KHcqMBJ8QFggzMAMurl=http%3A%2F FGL,(2013),Accounting Ratios available on https://frostgroup.co.uk/articles/2013/accounting-ratios accessed on 31/01/2017. Zions Bank Official Website,(2005) How to Analyse your business using Financial Ratios, available on https://www.zionsbank.com/pdfs/biz_resources_book-6.pdf Accessed on 31/01/2017. AASB, (2015), Conceptual Framework for Financial Reporting available on https://www.aasb.gov.au/admin/file/content105/c9/ACCED264_06-15.pdf accessed on 01/02/2017.