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Memo to Ceo

In: Business and Management

Submitted By kmansfi
Words 1390
Pages 6
| | Memorandum To: | Company G CEO | From: | Sam Smith | Date: | May 17, 2014 | Re: | 2012 Financial Fiscal Trends | | |
Company G’s financial analysis revealed a number of trends that will be useful in assessing the performance of our company, as well as planning and budgeting for future business endeavors. The analysis is a comparison of year 12 to year 11. Quartile Industry data was also used in the analysis comparisons.
The first analysis is for current ratio, which measures our ability to pay our current liabilities with our current assets. Our current ratio for 2012 is 1.80, which is down from 2011 at 1.86. The quartile Industry data came in at 3.1 for the high, 2.1 for the mid, and 1.4 for the low. Based on this comparison, since the 2012 ratio was both below the mid and the high, but above the low, we will consider this a satisfactory condition. Our position should not be viewed as a strength or a weakness.
The next analysis is for the acid-test ratio. The acid-test ratio shows our company’s ability to pay all of our current liabilities if they should come due immediately. For 2012, our acid-test ratio is 0.44 which is lower than our value for 2011, which was 0.66. The quartile Industry data came in at 1.6 for the high, 0.9 for the mid, and 0.6 for the low. In comparison to the Industry data, our company is lower than the high, the mid, and the low. This should be noted as a weakness for Company G and should be closely monitored.
Company G’s inventory turnover ratio for 2012 is 5.2, which is down from 2011 of 6.1. The inventory turnover ratio is found by dividing our cost of goods sold by our average inventory. The quartile Industry data was 13 for the high, 10.2 for the mid, and 8.3 for the low; all of which were higher than our 2012 ratio. This ratio shows a weakness for our company as the increase in our inventory in...

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