For instance, Briggs and Stratton utilize a fiscal year that runs from July to June (Briggs and Stratton, 2002). Most firms including Briggs and Stratton's competitor, Tecumseh, use a traditional fiscal year running from January to December (Tecumseh, 2002). By using this shifted fiscal year instead of a traditional January through December fiscal year, Briggs and Stratton can show a lower inventory level on its yearly financial reports. Briggs and Stratton states that its business is seasonal with its highest sales levels and lowest inventory levels in the last two quarters of its fis...

• Word Count: 4349
• Approx Pages: 17
• Has Bibliography
• Grade Level: Undergraduate

Cannondale's management is supportive and responsive to any changes in their policies, procedures, and strategies. ... Major Policies in the Functional Areas Product Innovation Cannondale has distinguished itself as an innovator and leader of high-performance, high quality bicycles and accessories. ... By the close of the 1998 fiscal cycle the corporation's index number had fallen to essentially a flat 3.0 and by 1999 Cannondale had slipped into the "Gray Zone" at 2.74, less than one point above the theorized bankruptcy line. ...

• Word Count: 3584
• Approx Pages: 14
• Grade Level: Undergraduate

Definition of Ratio Analysis A ratio is simple arithmetical expression of the relationship of one number to another. It may be defined as the indicated quotient of two mathematical expressions. According to Accountant's Handbook by Wixon, Kell and Bedford, "a ratio is an expression of the quantitative relationship between two numbers". Ratio Analysis Ratio Analysis is the process of determining and presenting the relationship of items and group of items in the statements. According to Batty J. ...

• Word Count: 5556
• Approx Pages: 22
• Has Bibliography
• Grade Level: High School