Financial Analysis of Cadbury Schweppes Essay Example for Free

Financial Analysis of Cadbury Schweppes Essay The capital structure of Cadbury Schweppes based on its 2006 balance sheet shows that the company uses more debt than equity to finance its operations. The company’s debt to total stockholders equity ratio of the company is more than fifty percent, while its debt to equity ratio is at 1. 30. A high debt to equity ratio means that the company relies heavily in debt financing. A high debt to equity ratio does not necessarily mean that the company has poor financial leverage because there are industries that are capital intensive which requires companies to incur large amounts of debt to finance its operations. One such industry is the automobile industry, where a debt to equity ratio of two is still considered acceptable. In the case of Cadbury Schweppes, the company is engaged in manufacturing candy, chocolate and drinks. It is an industry which is not as capital intensive as the car manufacturing industry so its debt to equity ratio maybe too high. The company has been undergoing changes in its operations over the years. It has gradually moved out of its investments that do not fall within its core business which is confectionery and beverage. While it disposed of some of its incompatible businesses, it continued to expand its confectionery and beverage operations. These acquisitions, particularly those made in the United States can be the reason for its large debt. Debt is used by the company to increase its operations and, as a consequence, increase its profits. The company’s performance has been increasingly growing every year, so it is possible that the company has determined that the cost of expending the operations which is in the form of interest payments is much lower than the benefits incurred in the form of increase in sales. Having a large amount of is extremely detrimental to the company if it is unable to recoup the cost of the debt; this is not the case of Cadbury Schweppes. The dividend yield ratio measures the amount of income received by each share of stock with the cost of such share. The dividend yield ratio necessarily varies over time because the market value of share changes as it is traded. A comparison of dividend yield ratio over time can be used to gauge if the performance of the company is improving, but this ratio should not be analyzed on its own. It must be analyzed together with other factors such as the market value of the share. A company with a low dividend yield can mean that the company’s share is priced highly by the market and does not necessarily mean that the company is unable to make dividend payments. On the other hand, high dividend yield can mean that the company’s share has a very low market value and not because it is able to give its shareholders large amounts of dividends. The company has a dividend yield of 2. 30% and it share has a market value ranging from 51. 5 to 51. 6. Based on this figures, it is apparent that its dividend yield is not because of the extremely high or low market value of its share. The price/earnings ratio of the company, on the other hand, is seen by investors as a gauge of how much the market values the company’s share. In this company’s case, it has a price earning of 24. 22. This number is very close to the industry’s average. This means that the company is competitive with other members of the industry and is generally viewed by the investing community as a good investment. Based on its dividend yield and price/earnings ratio, the company is able to compensate stockholders despite its large debts. This is probably because the earnings of the company is divided by a smaller number of shares than if the company chose to finance its operation by equity rather than debt. The large shareholders of the company are Franklin Resources, Inc. and Legal and General with shares ownership amounting to 4. 01% and 3. 47%.

Love and Violence in John Steinbecks Of Mice and Men Essay -- Steinbe

Love and Violence in Of Mice and Men In Steinbeck's Of Mice and Men, the characters display a definite violence directed toward those they love. "The Ballad of Reading Gaol" relates to what seems to be the destructive tendencies of the men in this book. Though Lennie's ruinous behavior originates from his childlike fascination with soft things, George and Candy appear to have almost productive reasons for causing harm. The differing means of hurting those they love emerge throughout the book in harsh words as well as in violence. Love can wound for different reasons and in different ways as in correlation with the poem, but that love is not always disastrous. Lennie's incredible need often causes him to be "a man [who] kills the thing he loves." Recurrently, the reader is reminded of the way in which Lennie inadvertently kills animals and frightens people. For example, at the pool George and Lennie reveal in their conversation the reason that they are traveling. Lennie got himself into trouble in the last town for petting a woman's dress "like it was a mouse." This obvious innocence foreshadows the inevitable end to Lennie's carelessness. Trouble follows the two men because Lennie cannot realize what he is doing wrong. George can only call him "a crazy son-of-a-bitch" and pretend that he does not want the responsibility of the childish man. However, the powerful simpleton never means harm to his victims or comprehends the complications to George that come from the things he does. His thoughtless manner in which he lives represents those who continue to hurt their loves because they cannot think beyond their own needs. When Candy has his dog killed, it is intentional. In part, he allows this to... ... not display it earlier in the plot, he is the only one "brave" enough to "do the deed" personally. The poem lists several ways in which people hurt those that they love. With Lennie, this is entirely unintentional. He never means harm to anyone, but with the capricious way in which he treats everything he wants to love, it is inevitable. Curlie's wife simply disregards the needs of others to satisfy her own, and this is willful selfishness. In Candy and George's case, however, the harm is deliberate, but not malicious. The "bitter" words that hurt Lennie are mostly used to help him because he cannot take care of himself. George, though he never admits that he loves his friend, acknowledges that he must occasionally be harsh to do good for Lennie. Sometimes hurting someone is necessary because of the love for the relationship, not in spite of it. Love and Violence in John Steinbeck's Of Mice and Men Essay -- Steinbe Love and Violence in Of Mice and Men In Steinbeck's Of Mice and Men, the characters display a definite violence directed toward those they love. "The Ballad of Reading Gaol" relates to what seems to be the destructive tendencies of the men in this book. Though Lennie's ruinous behavior originates from his childlike fascination with soft things, George and Candy appear to have almost productive reasons for causing harm. The differing means of hurting those they love emerge throughout the book in harsh words as well as in violence. Love can wound for different reasons and in different ways as in correlation with the poem, but that love is not always disastrous. Lennie's incredible need often causes him to be "a man [who] kills the thing he loves." Recurrently, the reader is reminded of the way in which Lennie inadvertently kills animals and frightens people. For example, at the pool George and Lennie reveal in their conversation the reason that they are traveling. Lennie got himself into trouble in the last town for petting a woman's dress "like it was a mouse." This obvious innocence foreshadows the inevitable end to Lennie's carelessness. Trouble follows the two men because Lennie cannot realize what he is doing wrong. George can only call him "a crazy son-of-a-bitch" and pretend that he does not want the responsibility of the childish man. However, the powerful simpleton never means harm to his victims or comprehends the complications to George that come from the things he does. His thoughtless manner in which he lives represents those who continue to hurt their loves because they cannot think beyond their own needs. When Candy has his dog killed, it is intentional. In part, he allows this to... ... not display it earlier in the plot, he is the only one "brave" enough to "do the deed" personally. The poem lists several ways in which people hurt those that they love. With Lennie, this is entirely unintentional. He never means harm to anyone, but with the capricious way in which he treats everything he wants to love, it is inevitable. Curlie's wife simply disregards the needs of others to satisfy her own, and this is willful selfishness. In Candy and George's case, however, the harm is deliberate, but not malicious. The "bitter" words that hurt Lennie are mostly used to help him because he cannot take care of himself. George, though he never admits that he loves his friend, acknowledges that he must occasionally be harsh to do good for Lennie. Sometimes hurting someone is necessary because of the love for the relationship, not in spite of it.

George and Lennie Essay

The title of the book comes from a poem by the 18th century Scottish poet Robert Burns. â€Å"Of Mice and Men† is a novel written by John Steinbeck. It is set in California in 1930s during the time of the depression. During this time of depression, people lived in poverty, finding it difficult to gain employment and often had to search ranch to ranch for employment. At this time people were inspired and motivated by the â€Å"American dream† a dream of a land in which life should be better and richer. This, however was nothing but a lost dream. They went on to search for a job, which would fullfill, their dreams. In Of Mice and Men we know that there are characters that have a dream. A dream that they are really working hard for and there are characters whose dreams are already taken away from them. I think John Steinbeck wrote this so he can provide the reader with a historical and social viewpoint and background of life in the 1930s. An outsider is someone who does not fit in to the mainstream of Society. In this essay I will write about Candy, the oldest person on the farm. Crooks, the crippled Negro and Cuerly’s wife, the only women in the book, who did not even get a name. I have chosen them because they don’t fit in with the other characters. In the 1930s Curleys Wife represents people who were ignored and suffered from loneliness. First of all John Steinbeck does not reveal the name of Curley’s Wife as he thinks she is not important which makes me think that she has no other part to play other than being Curleys Wife. Curly’s Wife is stuck on a farm when she thinks she should be in Hollywood.   

Essay on The Lottery - 1873 Words

When â€Å"The Lottery† was first published in 1948, it created an enormous controversy and great interest in its author, Shirley Jackson. Shirley Jackson was born in San Francisco, California on December 14, 1919. When she was two years old, her family moved her to Burlingame, California, where Jackson attended high school. After high school Jackson moved away to attend college at Rochester University in upstate New York but after only a short time at Rochester and, after taking off a year from school, she moved on to Syracuse University. At first, Jackson was in the School of Journalism at Syracuse but soon moved to the English Department to pursue her interest in writing. Jackson soon started publishing works in the school news paper and†¦show more content†¦Shirley Jackson’s â€Å"The Lottery† illustrates several aspects of the darker side of human nature. The villagers in Jackson’s â€Å"The Lottery† unquestioningly adhere to a tradition which seems to have lost its relevance and meaning to their lives even when it requires that they brutally kill by stoning one of their neighbo rs and friends. The ritual that is the lottery shows how easily and willingly people will give up their free will and suspend their consciences to conform to rituals and people in authority. The same mindless complacency and obedience shown by the villagers in Jackson’s story are seen in human behavior throughout history and are still visible in current events seen today. Religion and higher authority are able to convince people to commit horrendous crimes against other human beings without hesitation or guilt. In religion, ritual can be a substitute for taking responsibility for one’s actions or even thinking for oneself. The behavior shown by the villagers can also be compared to human beings cruel enjoyment of the suffering of other human beings. This side ofShow MoreRelatedThe Lottery1112 Words   |  5 PagesPAPER INTERDICIPLINARY LITERATURE â€Å"THE LOTTERY† [pic] Compiled by : Nida Agniya Septiara (F1F010038) Laeli Fadilah (F1F010052) Lisa Ayu Christiana Putri (F1F010022) Yunita Marangin Lumbantoruan (F1F010084) JENDERAL SOEDIRMAN UNIVERSITY SOCIAL AND POLITICAL SCIENCE FACULTY HUMANITIES DEPARTMENT ENGLISH LITERATURE 2013 INTRODUCTION Read More The Lottery Essay811 Words   |  4 Pagesword lottery, you probably think of winning a large sum of money before being stoned to death. quot; The Lotteryquot; by Shirley Jackson brings this horrible idea to life. While the overall mood of the story depicts a typical day in a small rural town, through great use of imagery and irony, one is set up for an unusual ending. Shirley Jackson uses the element of surprise. The way of the story ends is unlike anyone could predict. nbsp;nbsp;nbsp;nbsp;nbsp;The main object of The Lottery is theRead MoreThe Lottery Essay617 Words   |  3 PagesJacksons most famous short story, quot;The Lotteryquot;. Her insights and observations about man and society are disturbing; and in the case of quot;The Lottery,quot; they are shocking. quot;The themes themselves are not new, evil cloaked in seeming good, prejudice and hypocrisy, loneliness and frustration, psychological studies of minds that have slipped the bonds of realityquot; (Friedman). Literary critic, Elizabeth Janeway wrote that, quot; The Lottery makes its effect without having to stateRead MoreSummary of The Lottery872 Words   |  4 PagesThe short story that this paper will look at is The Lottery by Shirley Jackson. It was first published in The New Yorker on 26 June 1948. It is one of the most famous short stories in the history of United States literature history. This paper is a summary of the story from my point of view. The Lottery is a work of fiction that demonstrates rebellion and conformity while insinuating that a lottery is part of a ritualistic ceremony. The author was born in 1919. She struggled with depression throughoutRead MoreThe Lottery Essay938 Words   |  4 Pagesthe lottery, but not its exact purpose. Do the townspeople know? Is this omission significant? Intentional? No, the townspeople do not know the lottery’s exact purpose. This omission is not significant because it seems there is no point in the lottery and why these people are operating such horrid acts. It is more intentional; the townspeople are playing it safe thinking they are keeping a tradition, yet no one seems brave enough to ask why? 3. Why is much of the history of the lottery andRead MoreAnalysis Of The Lottery 1036 Words   |  5 PagesSince reading The Lottery by Shirely Jackson, I’ve been thinking more about culture, traditions, and perspective. Not just that, but how it can sometimes take adopting an unbiased, non judgmental, or outside perspective in order to see things for what they really are. The way that the narrator in this story adopts such a position allows for a clearer view of the events of the story. In The Lottery, the narrator speaks to us in a non participant and objective manner. We hear and see events unfoldRead MoreLottery Is Good or Not1635 Words   |  7 PagesIs lottery a good idea? These days, a lot of people play lottery and spend a certain amount of money on it while few of them earn back what they spend. Someone says lottery is a kind of tax collected by the government on peoples’ luck and desire to be rich. In another aspect, lottery is also gambling, and it could make people to be a millionaire in a night if the person is lucky enough, however, it has a negative effect that it causes inequality, crimes and so on. So lottery is not a positive ideaRead MoreThe Day Of The Lottery1397 Words   |  6 Pagesin a small town are gathering on a warm, beautiful summer day in the square for the lottery. The children, who have just finished school, are playing while waiting on their parents to meet them in the square and are gathering up rocks into a pile off to the side. Everyone enters the square and the parents call their children over to stand with the family. Mr. Summers and Mr. Graves, the men who conduct the lottery, arrive in the square with the black box. The box is falling apart and Mr. SummersRead More The Lottery Essay946 Words   |  4 Pages The Message Sent in â€Å"The Lottery† nbsp;nbsp;nbsp;nbsp;nbsp;The shock value of Shirley Jackson’s â€Å"The Lottery† is not only widely known, but also widely felt. Her writing style effectively allows the reader to pass a judgment on themselves and the society in which they live. In â€Å"The Lottery† Jackson is making a comparison to human nature. It is prominent in all human civilizations to take a chance as a source of entertainment and as this chance is taken, something is both won and lost. nbsp;nbsp;nbsp;nbsp;nbsp;AsRead MoreThe Lottery. The Lottery Has Three Adaptations And Those1428 Words   |  6 PagesThe Lottery The Lottery has three adaptations and those would include the Novel, Film, and Graphic Novel. Out of all three each have a somewhat similar setting and character build but also have a little tweak to each one. Now of course when first reading it I thought the setting was more in the old days but soon I found out it was done in a modern time. Each character has a specific role and they do share a story but out of all the adaptations the graphic novel describes them the best. Of course