Saturday, December 28, 2019

Research Paper On To Kill A Mockingbird - 2041 Words

Judicial Process Course Paper For my paper, I have chosen to analyze the movie â€Å"To Kill a Mockingbird.† This movie is based on the novel – by the same name – written by Harper Lee. The story has two major plotlines. One follows Jem, Scout, and Dill as they try to uncover the secrets behind the infamous â€Å"Boo† Radley. It’s only at the end of the movie that we learn â€Å"Boo’s† real name to be Arthur, and that we discover he actually tries to protect people, as he saved Jem and Scout’s lives. The other major plotline, and the one most relevant to this class, follows Atticus Finch, Jem and Scout’s father, as he tries to represent Tom Robinson. Mr. Robinson is an African American man who has been charged with raping Mayella Ewell. The movie then†¦show more content†¦Therefore, this portrayal was fairly accurate. However, we never hear of an initial appearance before the grand jury indictment. This phase is when the defendant appears before a magistrate judge and is informed of the charges against them and the constitutional rights they are afforded. Furthermore, after hearing about the grand jury the movie progresses directly to the trial. This is not an accurate portrayal because it entirely skips the arraignment phase. An arraignment is a very important step in the criminal justice process because it is at this point that the accused will enter a plea. The audience never saw this phase; therefore, we have no idea if Tom formally pleads guilty or not guilty to the charge of rape. However, it can be assumed Tom’s plea would’ve been not guilty as he denies the charges during the actual trial. Also towards the beginning, the judge approaches Atticus and tell him that he’d like to appoint him to be Tom Robinson’s attorney. Such does happen in the actual criminal justice system and is known as an assigned counsel. Not much later, Atticus asks for a postponement of the trial to give things a chance to calm down. This is also very common in the actual criminal justice process and is known as a continuance. Attorneys can ask for a continuance for several reasons, but most often they are used when a case has become largely popular in public opinion. When this happens, theShow MoreRelatedTo Kill a Mockingbird Research Paper1455 Words   |  6 PagesMoral Development of Scout in To Kill a Mockingbird Grace Mahoney Majewski 6/8/2012 Moral Development of Scout in To Kill a Mockingbird * Scout’s moral development throughout To Kill a Mockingbird has to do with how she is taught to see â€Å"the other†, her exposure to racism and injustice, and that she had Atticus as a parent to guide her through her childhood. These factors together create a stable learning environment for Scout to grow and develop in. Scouts relationship with the constantRead MoreRole Of Women During The 1930 S South And The Women 1156 Words   |  5 PagesRole of Women in the 1930’s South And the Women in To Kill a Mockingbird How would you feel if you were a woman that lived in the harsh 1930’s? A woman’s life was very hard, and some people wanted it to change in real life and the book. Scout and the married women in To Kill a Mockingbird are pushed by the men to work hard everywhere without a reward. Women had many responsibilities at home and also when they were working. Women were expected to be a housewife and working parent. Women believedRead MoreAnalysis Of More Than One Way1317 Words   |  6 PagesOleynik Mrs. Coad Honors Sophomore English March 19, 2015 Reevaluating the Mockingbird When one embarks on reading Jennifer Murray’s article, â€Å"More Than One Way to (Mis)Read a Mockingbird†, it becomes known that she is taking her readers through a thorough reanalysis of the novel To Kill a Mockingbird. Murray proclaims that Harper Lee’s novel is somewhat misunderstood and over appreciated. She claims that â€Å"To Kill a Mockingbird, despite its awards and popularity, is a less than great novel†, and insteadRead MoreHarper Lee Essay896 Words   |  4 PagesTimes and Life Research Paper Harper Lee’s Life Story Have you ever wondered who wrote â€Å"To Kill a Mockingbird† or who is the author that wrote it? Well I’m here telling you who that author is. The author who made the book is named Nelle Harper Lee but she is just called Harper Lee on the book. This paper is on Harper Lee’s life and times during the 1900’s. She is known from her best-selling book, â€Å"To Kill a Mockingbird†. Even thoughRead MoreRacial Issues In Harper Lees To Kill A Mockingbird775 Words   |  4 PagesTo Kill a Mockingbird Research Paper In To Kill a Mockingbird, Harper Lee highlights racial profiling and how peoples perceptions change their actions towards others, which continues to be an issue in todays society. One racial issue we see during To Kill a Mockingbird is social injustice in the court system, shown through the Tom Robinson trial. For example, Jem doesnt quite understand the unfortunate, but true state of the injustice in the courts, so Atticus explains to him, Tom RobinsonsRead MoreCensorship Of Classic Books1325 Words   |  6 PagesTitle: Research Paper Censorship of Classic Novels in Canada and the United States Ashley Sprague 7607211 College Reading and Writing Skills/ COMM1085 Dawn Grimmer Many novelists in today’s society have the growing responsibility of censoring their work, ultimately loosing their freedom of expression. Canada is no different from other countries who have begun the long list of â€Å"banned and challenged classic novels.† Most of the Canadian population can remember studying Harper Lee’s ToRead MoreAnalysing Harper Lee and his Characters in To Kill a Mockingbird713 Words   |  3 PagesAlabama Academy of Honor Archives, Nelle Harper Lee was born on April 28, 1926 in Monroeville, Alabama to Amasa Coleman and Frances Finch Lee. In the south, it is customary to be called by your middle name. Therefore, throughout the rest of this paper, Nelle Harper Lee will be referred to as Harper Lee. Harper Lee went to college to become a lawyer. Shortly thereafter, she moved to New York where she worked as a reservations clerk for Eastern Airlines. Harper Lee was an avid writer who likedRead MoreTo Kill a Mockingbird Argumentative Essay881 Words   |  4 PagesTom Robinson, a black man in To Kill a Mockingbird is one of the main characters in this story that causes controversy because of his skin color. Is the story’s relevance based on Mr. Robinson and his skin color? In my opinion yes, the book revolves all around his skin color and racism of the time. Tom Robinson is treated unfairly because he was black not because of what he supposedly did. The controversial subject matter in this book is immense in numbers, but out of all them, racism stands outRead MoreLiterature : My Life As A Person s Life1104 Words   |  5 PagesLiteracy Memories What do you think of when you hear the word literature? Most people think that literature is just analyzing poems that have no real meaning behind them or writing a 10 page paper that your English teacher assigns you to do in one night. But recently I have learned that literature plays one of the biggest roles in a person s life. You use reading and writing every single day. Reading texts, reading signs, writing emails, and the music that you listen to are all examples of literatureRead MoreLiterature As A Person s Life Essay1081 Words   |  5 Pagesschool I was moving into the big middle school. The first class of the day that I had was English with Mrs. Levon. In this class she did a lot of reading out loud to the class. The first book we read was To Kill a Mockingbird. This was the first historical book I had ever read. To Kill a Mockingbird was a very important book in my life that gave me a view on how hard times were during segregation and times before the civil war. Also in this class we read many old poems such as â€Å"The Raven†. This was

Friday, December 20, 2019

Essay about When the Levees Broke Rhetorical Analysis

Chase Caldwell Professor Gwaltney English 1102 14 March 2013 When The Levees Broke Rhetorical Analysis Hurricane Katrina made landfall in Louisiana on the morning of August 29, 2005. The storm produced sustained winds of up 125 mph when it hit that morning. On that same day Katrina caused 53 different levee breaches in greater New Orleans, spilling the waters of Lake Pontchartrain into the city and flooding an overwhelming majority of New Orleans. The floodwaters destroyed countless homes and lives along the way. Some estimates of the cost of Katrina were up in the 200 billions but according to Kimberly Amadeo, â€Å"The actual cost of Hurricane Katrinas damage was between $96-$125 billion, with $40-$66 billion in insured losses.† This†¦show more content†¦Lee was legitimately upset about what happened in New Orleans during Katrina and even toys with the idea that the U.S. government blew up the levees to rid New Orleans of poor blacks. Needless to say, Lee will not hesitate to tell anyone what he believes and is the center of many different controversies in Hollywood. His personality is best described as that of a ticking time bomb. His feelings for the people of the ninth ward coupled with his outspokenness on political affairs and race relations were the driving force behind When The Levees Broke. Lee’s intended audience is really anyone who takes the time to watch his work. He really wanted to get the story out to the public and that is exactly what he did, he let the world see exactly what was happening in New Orleans without any sugar coating. Lee does not hesitate to put a floating, swollen dead body on screen just to let the viewers know the grotesque reality of what happened. Lee uses this documentary to voice his opinion against how the government handled Katrina. He felt that the government did not do what it should have done during this time and he shows his disappointment with the federal government through the movie. Lee conveys a huge array of arguments in this film from the government blowing up the levees to George Bush not caring about black people. Throughout all of these arguments hisShow MoreRelatedWhen the Levees broke rhetorical analysis1864 Words   |  8 Pagesï » ¿Max Massimo Professor Gwaltney English 1102 18 March 2014 When the Levees Broke Rhetorical Analysis On August 25th at six thirty P.M, one of the most devastating natural disasters the U.S had ever seen touched ground in Florida. Hurricane Katrina was a category five hurricane that had made its way to New Orleans by August 29th. This storm was so destructive that not only did it leave a mark in the gulf coast, but it put the whole country into complete turmoil. Spike Lee was one of the first

Thursday, December 12, 2019

Urban Redevelopment

Question: Write an essay on Urban Redevelopment. Answer: Urban redevelopment is the rehabilitation or urban areas by replacement of old buildings with better houses, parks, roads, industrial areas according to comprehensive plans. During this renewal, major impacts on landscapes occur, playing a part in the history of cities (Wang, 2010). Further, there is business relocation, destruction of structures and displacement of people during this renewal. Redevelopment involves coming up with better pedestrian zones, making better use of the underutilized regions of the city by integrating them into a citys history. In addition, it involves renovation of sidewalks, integration of business activities and residential, afforestation and increasing the number of security lights (Wang, 2010). Australia having the highest population growth level among developed nations put pressure to housing, health and transport infrastructure. Sustainable development has been an issue of concern in this country in order to improve the living standards of the citizens. Coming up with the appropriate policies of carrying out urban development without affecting low income earners is therefore a pressing need to Australia. According to Downs, A. (2009), the challenge is coming up with viable cities incorporating transformation projects and properly planned infrastructure at the same time bringing up social and economic development. Discussed in this paper are the policy recommendations necessary for urban redevelopment without raising house rent that results to displacement of low income earners in Australia. Trueventus urban renewal Australia Trueventus urban renewal Australia is a strategic framework and discussion platform with the aim of shipping the Australian urban renewal policy in creating a sustainable city. Government representatives, policy makers, investors and other key decision makers are coming together to address the issue (Wang, 2010).The government has the duty of coming up with policies which safeguard the quality and ensure affordable housing such that its citizens despite their income level can easily access housing(Wang, 2010). A multifaceted strategy addressing housing challenges is necessary to achieve this objective. Importantly the government should ensure affordability of the houses where the low income earners reside. Protection policy In order to protect the people from rising rents, the government should come up with a protection policy. Good cause eviction policy is one way to protect the tenants as it ensures they are not evicted without a good reason (Berry, 2003). As much as it does not protect those who cannot afford rent it reduces indiscriminate evictions, allowing residents to adjust to rent hike. In addition residents get more time to get alternative housing. The owner is required to issue a good reason for eviction such as failure to pay rent and intentional destruction of the unit. Again for the purpose of protecting low income earners the government should come up with clear processes for filling petitions as well as penalties for landlords who unfairly evict tenants. In addition vulnerable groups such as pregnant woman and the elderly should be protected from no fault evictions (Wang, 2010). Condominium Conversion Protection Condominium conversion protection serves as a policy which protects the renters from their rental units being converted into condominiums and sold to other renters. In addition it solves the issue of inadequate rentals to the low income earners. Residents should be issued with up to three years notice before conversion even giving them a chance to buy a unit before selling it to new residents, saving financially capable residents from displacement. Condo conversion protections also requires that the owner pays a fee that is directed to affordable housing to minimize the impacts of reduced rental housing brought about by condo conversion. A lottery which restricts the number of convertible buildings annually should also be established as a means of preventing displacement. The residents have the right of first refusal against the owner selling the entire building which can lead to the transfer of ownership to a person who is ready to preserve the building for rental purposes affordabl y. Give Density Bonuses Another policy applicable in Australia to increase affordability of housing amidst urban redevelopment is the policy of density bonuses (Shaw, 2004). Under this land owners receive a bonus such as to build more units than the allowed ones if they agree to make a certain portion of the unit affordable to low income earners. In another approach of the density bonus policy, owners are allowed to develop their property beyond existing zoning specifications (Shaw, 2004). In return they make sure a share of the new residential is affordable to low income earners. The owner can also receive financial assistance for development from the community with a promise of including affordable units in the development. In addition the government should mobilize initiative from volunteers to build affordable houses in favor for the low income earners as a moral persuasion. The government may give landlords who consent to the moral persuasion a land tax holiday or tax cuts as incentives (Shaw, 2004). Rent Stabilization Notably rent stabilization is a practical strategy to prevent displacement and rent hike. The strategy ensures that rent can only be increased by a specific amount annually making it easy for those unable to adjust to sudden rent rise. In addition rent stabilization policy assist renters to select a house based on their anticipated income for the future. Mandatory inclusion zoning is another strategy addressing housing needs of the low income earners, (Lees, 2008). The requirement of this policy is that developers should make a portion of the newly developed units affordable. According to this policy about 10 to 20% of the new unit should be affordable to individuals at a certain income levels. For effectiveness the policy should be adopted prior to the development (Lees, 2008). Tax Increment Financing According to Zukin (2007), tax increment financing is a strategy for financing infrastructure plus other public improvements the government should use to reduce the negative externalities caused by tax burden on land owners. Tax increment financing raises the capability to maintain a low but steady rental increments. It includes funding for investments such as sidewalks, electricity bills and water expenses. Therefore, communities are able to pay increments on property taxation. Zukin. (2007) explains that the policy can be used for other purposes such as pooling funds for affordable housing as well as prioritizing cheap home ownership. Linkage Fees Program Linkage fees program is a mechanism where the government generates funding for affordable housing in places undergoing redevelopment (Zukin, 2007). It does so by asserting a fee to nonresidential developments and spends the money to come up with affordable housing. Hotels, manufacturing facilities are examples of the nonresidential developments that raise the funds. Justification of this fee is in the fact that in areas with both residential and nonresident developers, competing for land, land value rises as well as housing challenge. This is in contrary to areas where developmental and non-residential are not in direct competition. Further, the initiative of funding nonresidential development can foster neighborhood change through creation of amenities that attract extra charges and higher income earners who want to reside near their workplaces (Zukin, 2007). In return rent and home value increase tremendously which explains the justification for linkage fee and promotes fair sharin g between the nonresidential developers and the commercial developers (Zukin, 2007). According to Davidson. (2008) Linkage fees also acts as a solution for the imbalance caused by the job housing ratio where commercial developers outpace affordable housing in a certain neighborhood. Commercial projects, offices and parks increase demand for affordable houses whose members are workers in this businesses. Imbalance between demand and supply for affordable units raise rent hence distorting the peaceful existing of the neighborhood. Linkage fee policy has several purposes such as determining how and who benefits from the fee. In the linkage fee program, communities decide a balance between the amount of funds to be raised and the economic development to foster. Increasing costs discourages commercial development (Zukin, 2007). Housing Trust Funds Notably, housing trust funds is a practical policy in reducing housing coats and minimize displacement. The policy works to generate and bring together financial resources to promote housing development and support local government departments to maintain affordable housing for the low income earners. Societies that establish new funding incentives, an example of tax increment financing can come up with a housing trust fund that prioritizes on expenditures. In addition the policy can be financed through revenue bonds, real estate transfer of taxes and taxes collected from building improvements. Housing trust funds have the advantage of flexibility which allow communities come up with initiatives that meet the needs of the society. Further, the policy can be used for preservation and growth of homebuyer assistance programs and promotion of ongoing rental subsidies, (Lees, 2008). Targeting Local Housing Resources Targeting federal, state and local housing resources is important in promoting affordable housing. The initiative uses Home and Community Development Block Grants that assist in funds distributing to ensure equality in the community by giving equal weights to applications from all individuals. The policy makes the decision on whether and how to come up with the allocation target for the resources in the community Boddy, M. (2007). Importantly, recognition of societys decision on grant allocation and available funds outdoes the impact on the production of affordable rent rates, due to the federal decision on raising the funding through the low Income Housing tax credit. Communities have a chance to increase their allocation if they are willing and have the capability to control the funds. Tax Incentives According to Atkinson, R. (2004) Local and state tax incentives should be used to encourage maintenance of existing affordable housing. Tax incentives, promote housing goals such as development of affordable taxes, lower property tax rates and a longer period of tax payment. Credit facilities should be offered in cases of property underutilization which promotes development through the raised tax rate for land improvements. Tax incentives foster development without a specified population target but with a great emphasis on the requirements needed to meet the tax objectives. The government should use tax to stimulate development projects if they lead to increased affordable housing. In addition, the tax policies should specifically aim at promoting affordable units in the allocated neighborhoods (Lees, 2008). Parking Incentives In reference to Lees. (2008), the government should as well make use of parking incentives in creating affordable shelter for the people of Sydney. Parking incentives policy aims at motivating development without increasing the cost and space required. Reducing parking requirements for residential developers, reduces the cost of production, hence increasing the availability of affordable housing. This would particularly be applicable for Sydney with its large population and high land costs. Like other incentives, parking incentives promotes different kinds of development (Freeman et al, 2004). Hence, the government must specify the target population that benefits from the new units. In addition, the incentive should consider raising developmental units without expanding the parking space. Yet, as the population density raises, parking space tightens, reducing transit space which raises concern as to whether parking supply is a sufficient strategy. Expedited Permitting Accordingly, the government should enhance expedited permitting, which is important in cost reduction associated with delays and red tapes in permits acquisition. According to Weber, R. (2002) Time is an important factor and therefore long durations of obtaining building permits or approvals could cause a great deal of efficiency. Expedited permitting can reduce development costs by coming up with clearer and shorter permit processes such as online fees payment and automated payments. Communities should clearly differentiate between requirements and development needs to receive expedited permitting. For those who chose expedited permitting policy, parallel processes should be put in place to ensure affordable and new developments (Berry, 2003). Impact Fees Impact fees is another incentive the government can use to the advantage of low income earners as far as housing is concerned. According to Berry. (2003), it is designed as a onetime charge to cater for development project such as waterlines, schools and pathways. In reference to Berry .(2003),through cutting this fees, new development projects for affordable housing can foster incentives to lower costs even further. Summary To summarize, bearing in mind the consequences that come along with poor housing, the government has a large pool of choices to pick from to ensure affordable housing. The mentioned incentives are especially a shortcut in fighting this challenge. A combination of the incentives would be far more efficient not only to promote affordable housing but also to maintain the housing. If anyone is to be productive out there, then it begins from a comfortable home. References Atkinson, R. (2004). The evidence on the impact of gentrification: new lessons for the urban renaissance?. European Journal of Housing Policy, 4(1), 107-131. Berry, M. (2003). Why is it important to boost the supply of affordable housing in Australiaand how can we do it?. Urban Policy and Research, 21(4), 413-435. Boddy, M. (2007). Designer neighbourhoods: new-build residential development in nonmetropolitan UK citiesthe case of Bristol. Environment and Planning A, 39(1), 86-105. Davidson, M. (2008). Spoiled mixture: where does state-ledpositive'gentrification end?. Urban Studies, 45(12), 2385-2405. Downs, A. (1981). Neighborhoods and urban development. Brookings Institution Press. Freeman, L., Braconi, F. (2004). Gentrification and displacement New York City in the 1990s. Journal of the American Planning Association, 70(1), 39-52. Lees, L. (2008). Gentrification and social mixing: towards an inclusive urban renaissance?. Urban Studies, 45(12), 2449-2470. Randolph, B., Holloway, D. (2005). The suburbanization of disadvantage in Sydney: new problems, new policies. Opolis, 1(1). Shaw, K. (2004). Local limits to gentrification. Gentrification in a global context, 172. Wang, Y. P., Murie, A. (2000). Social and spatial implications of housing reform in China. International Journal of Urban and Regional Research, 24(2), 397-417. Weber, R. (2002). Extracting value from the city: neoliberalism and urban redevelopment. Antipode, 34(3), 519-540. Wu, F. (2004). Residential relocation under market-oriented redevelopment: the process and outcomes in urban China. Geoforum, 35(4), 453-470. Shaw, K. (2004). Local limits to gentrification. Gentrification in a global context, 172. Swyngedouw, E., Moulaert, F., Rodriguez, A. (2002). Neoliberal urbanization in Europe: largescale urban development projects and the new urban policy. Antipode, 34(3), 542-577. Zukin, S. (2007). Gentrification: culture and capital in the urban core. Annual Review of Sociology, 129-147.

Wednesday, December 4, 2019

Financial Evaluation Of The Hypothetical Company SSS

Question: Discuss about the Essay for Financial Evaluation of The Hypothetical Company SSS? Answer: Introduction The assignment is about the Financial Evaluation Of The Hypothetical Company Sss. The financial performance measurement will be done using the ratio analysis. The balance sheet and the income statement of the company will be prepared using the data from the trial balance of the company. Additionally, the statement changes due to using IAS 1 like comprehensive income and position of the income statement will be critically analysed in this paper. The change in the ratios and the financial performance of Golfy and Tenniswise will be prepared in this study and the comparative analysis for investment decision for the investor will be recommended in this assignment.Final accounts of Sunny Soccer Sports for the year end 31st October, 2013 Profit and Loss a/c of SSS as at 31st October, 2013 Income Sales 120000 cost of goods sold 40000 Gross income 80000 wages 17000 Heat 2000 Advertising 5000 postage 500 Rates 700 Petrol 2300 Total o/h 27500 Income from Rent 300 Net profit before tax 52800 Table 1: Profit and Loss a/c of SSS as at 31st October, 2013 Balance sheet of SSS as at 31st October, 2013 Current assets Bank 22000 cash 500 Debtors 8000 closing stock 80000 Balance 80000 Rates Total CA 110500 Current liabilities Trade creditors 11000 Additional creditors 1200 Total CL 12200 Working capital 98300 Fixed assets Premises 200000 Vehicles 25000 Total fixed Assets 225000 323300 Capital 270500 Add: PAT 52800 Total equity 323300 Table 2: Balance sheet of SSS as at 31st October, 2013 Statement on changes to reporting standards under IAS for profit statement and financial position The 1st standard of IAS provides the information of the general application of providing the financial statement according to the reporting style mentioned in IFRS. The objective of the international accounting standard is to provide information about the financial performance, financial position of the entity and cash flow of the firm. The report consists of statements of assets, liabilities, equity, income and expenses and cash flows mainly. Further, the statement also provides the information regarding the attributed profit to the shareholders on an annual basis (ey.com 2011). The IAS 1 has changed the reporting style of the accounts of an entity balance sheet as statement of financial position and income statement as statement of comprehensive income. The comprehensive income of the entity requires to be disclosed in a separate statement so that the surplus of the asset revaluation can be understood from the accounting statement. Additionally, the actuarial gains are also added in the comprehensive income statement. The gains or losses from foreign entitys translation selling the firms assets and hedging of the commodities or foreign currency are reflected in this statement too (Iasplus.com 2016). The financial position of the companies is expressed in the fair value of the assets and liabilities. The change in the balance sheet of the firms has been taken place lately where the changes in the financial position of the different attributes are observed except changes in the equity. Additionally, the current assets are presented in fair value of the market to present in a materialistic way (Ifrs.org 2016). The financial position of the firms must be classified into four parameters mainly current and non- current liabilities ad assets. However, the current value of the equity and reserve of the firm is also disclosed here. Change in the shares, the portion of the shares in the subsidiaries are required for the companies to be disclosed in the statement of the financial position (Lole 2014). Meaning of financial ratios There are many financial ratios present in the market under which we can measure the financial performance of a short-cut method. The method of ratio analysis provides the direction to the different stakeholders for analysing the performance of the firm in point of view of profitability, position of liquidity in the company as well as the efficiency of the management. According to McKeown et al. (2014), ratio analysis provides the analysts the understanding of financial performance as well as the financial position of the company on an accrual basis. Profitability ratios provide information about profit margin as well as the return to the investors. Gross profit and net profit margin provide the information regarding the profitability from the revenue of the business. However, the return on equity is the measurement of the return to the shareholders on the basis of their investment in the company. The capital is invested in the business and the return is the profit after tax for the firms (Nicholls 2013). The profitability margin shows good result due to the high value of the financial statements from time to time. The analysis can show that profit and return on the business due to change in different activities of the firm. Gross profit margin = gross profit / sales Net profit margin = Net profit / sales ROCE = Net profit / capital employed in business Liquidity ratio of the company can provide the information regarding the liquid present in the company's balance sheet. The liquid assets are the backbone of the business to run the operation smoothly to get better performance from the daily activities of different aspects of the business. Further, measurement of the liquidity may show that the capacity of the firms to pay its obligations regarding the operations. The daily activities of the business always require the liquid assets and cash to run the operation without hazards (Parmar 2014). However, he saw that higher liquidity may reduce the efficiency of the funds as the cash may become idle due to lack of many actions in the business. In this context, the analysts prefer two tests mainly - current ratio and acid test ratio. The test of the liquid assets in the firm's financial position may be judged using the current assets where the relative measurement of current assets is done with the current liabilities. However, the invent ory is not much liquid as observed by many analysts (Ross 2012; Taillard 2013). Thereby, the change in the method is applied by deducting the inventory from the entire current assets and measure the current ratio of quick responding assets those can be liquidised fast. Current ratio = current assets / current liabilities Quick ratio = (current assets inventory) / current liabilities Management efficiency is very crucial to the performance of the firms as they are depended on the efficient decision-making ability of the management. It is clear that the management of the companies is responsible for delivering the better performance to the business from time to time. Therefore, the main concerned issue for the analysts is to measure the efficiency of the measurement (Velez-Pareja and Davila n.d.). However, the decisions made by the management of the firms could not be disclosed in public as it may reveal the strategy of the company in the outside world. So, it is customary to measure the efficiency of the management by measuring their efficiency and effectiveness in managing the working capital of the business as well as the change in the payables and receivables position of the business (Vickerstaff and Johal 2014). Inventory turnover ratio = Sales / Inventory Days of collection = Receivables / (sales/365) Days of payable = Payables / (sales /365) Report on comparative analysis of financial performance and position Profitability measurement The profitability measurement of Golfy and Tenniswise was done here where the gross margin from the business observed. Golfy had almost half the gross margin of Tenniswise in the current period. However, the difference in net margin of the two companies reduced havoc as the operating cost of the former was low in the concerned period (Zaimah et al. 2013). The same picture was observed for measuring the return on equity whereas both the company yielded almost negligible difference to return the shareholders from the annual financial performance. Thereby, from the ROCE point of view, it can be said that Golfy had used the lesser capital to return more comparatively with Tenniswise. SSS had better profit margin as well as yielded better return to the shareholders in the current year. Liquidity Liquidity measurement of the two companies showed that Golfy had the better position of liquid assets in the company as it had better ratio compare to Tenniswise. In this context, the liquidity ratio of SSS was better than these two companies (McKeown et al. 2014). Efficiency The efficiency ratio of the companies showed that Golfy's management was more efficient in collecting the debt and managing the creditors. However, the payment days of the creditors for Golfy was lower than Tenniswise; the creditor management was better for the first company. However, the inventory turnover ratio of Golfy was poor compared to Tenniswise as seen in the calculation. Thereby, it can be said that the later one has performed well in turning over the inventory into sales faster than the former one (Hillier 2013). Comparing with SSS, the working capital management of Golfy and Tenniswise was poor. Conclusion In power point The efficiency ratio of the companies showed that Golfy's management was more efficient in collecting the debt and managing the creditors. However, the payment days of the creditors for Golfy was lower than Tenniswise; the creditor management was better for the first company. References Ahmed, A. (n.d.). Financial Ratio Analysis of Square Pharmaceuticals Limited.SSRN Electronic Journal. Berk, J., DeMarzo, P. and Harford, J. (2012).Fundamentals of corporate finance. Boston: Prentice Hall. Beyersdorff, M. (2014).International GAAP 2014. Chichester, UK: J. Wiley Sons. Beyersdorff, M. (n.d.).International GAAP 2014. Brealey, R., Myers, S. and Marcus, A. (2012).Fundamentals of corporate finance. New York: McGraw-Hill/Irwin. Collings, S. (n.d.).Corporate finance for dummies. Dr.Vani R Kamath, D. (2013). Ratio as a tool of financial analysis for Indian Retail sector companies.IOSR Journal of Business and Management, 10(5), pp.32-34. ey.com, (2011).Changes to the presentation of other comprehensive income amendments to IAS 1. [online] Available at: https://www.ey.com/Publication/vwLUAssets/IFRS_Developments_Issue_7/$FILE/IFRS_Developments_Issue_7_GL_IFRS.pdf [Accessed 9 Feb. 2016]. Hillier, D. (2013).Corporate finance. London [u.a.]: McGraw-Hill. Iasplus.com, (2016).Revised IAS 1 requires statement of comprehensive income. [online] Available at: https://www.iasplus.com/en/news/2007/September/news3764 [Accessed 9 Feb. 2016]. Ifrs.org, (2016).Illustrative examples - Statement of financial position, statement of comprehensive income, and statement of changes in equity. [online] Available at: https://www.ifrs.org/XBRL/Resources/Documents/Illustrative%20Examples%202013/ixbrl_example2_2013-03-28.xhtml [Accessed 9 Feb. 2016]. Lole, J. (2014).Accounting standards. Kingston upon Thames: Wolters Kluwer [for] the Institute of Chartered Accountants in England and Wales. McKeown, W., Kerry, M., Olynyk, M. and Beal, D. (2014).Financial Planning. Milton: Wiley. Nicholls, C. (2013).Corporate finance and Canadian law. Toronto, Ont.: Carswell. Parmar, V. (2014).Analysis Of Financial Statements. SaarbruÃÅ'ˆcken: LAP LAMBERT Academic Publishing. Ross, S. (2012).Fundamentals of corporate finance. New York: McGraw-Hill. Taillard, M. (2013).Corporate finance for dummies. Hoboken, N.J.: John Wiley Sons, Inc. Velez-Pareja, I. and Davila, M. (n.d.). Financial Analysis and Control - Financial Ratio Analysis (In Spanish).SSRN Electronic Journal. Vickerstaff, B. and Johal, P. (2014).Financial Accounting. Hoboken: Taylor and Francis. Zaimah, R., Masud, J., Haron, S., Othman, M., Awang, A. and Sarmila, M. (2013). Financial Well-Being: Financial Ratio Analysis of Married Public Sector Workers in Malaysia.Asian Social Science, 9(14).