Monday, January 27, 2020

Philosophy of the Italian American Mafia

Philosophy of the Italian American Mafia The Italian mafia came to power in America in the 1920s from Sicily, Italy (Staff). It became known as organized crime (also known as the Mob) and became centered in New York City, divided among five major crime families, which included nineteen additional family units around the country (Jrank). The five major families were the Bonnano, Columbo, Gambino, Genovese, and Lucchese families who were organized through the efforts of Salvatore Charles (Lucky) Luciano. (Jrank). This was the beginning of the very powerful counterculture American crime syndicate. A counterculture is a subcultural practice, which is consciously intended to challenge the values of the larger society, rejecting the major values, norms, and practices of the larger society, and replaces them with a new set of cultural patterns (Thomas). From a sociological perspective, which is a look beyond commonly held beliefs to the hidden meanings behind human actions, Lucky Lucianas special contribution to the success of the mafia depended on his running the show like a legitimate business, based on profit and loss capitalism as a board of directors would be run by a CEO (Thomas 4). One major difference, however, was that Luciano, as the CEO, conducted business as an absolute dictator who saw no limitations on taking down oppositional viewpoints through violence. It was like an inner government within the larger society that had factions within (like political parties, in this case opposing families) that conducted wars against each other. Sociological Imagination as defined by C. Wright Mills is the ability to see the connection between the larger world and your personal life. It is also the capacity to range from the most impersonal and remote [topics] to the most intimate features of the human self-and to see the relations between the two (Thomas 5). Luciano started out his career in a legitimate business as a clerk for a hat company around 1914. But by 1916, he was dealing with drugs and had his major run-in with the law, which earned him six months at a reformatory for that crime (Editors). From that time on, Luciano got involved with other questionable businesses such as bootlegging, prostitution, gambling, loan sharking (charging very high interest rates), drug distribution as a natural extension of bootlegging, and labor racketeering (Jrank, 2/5). All of these enterprises had certain small levels of legitimacy but always ended up tinged with major levels of criminality, illegal operations, and various deviant l egal practices. Luciano and his fellow colleagues saw no conflicts in carrying out these controversial businesses with an iron hand and with few moral and ethical considerations. Ethnocentrism is defined by W. LaVerne Thomas as the tendency to view ones own culture and group as superior. In addition, it is the belief that the characteristics of ones group or society are right and good, helping to build group unity. (Thomas, 35). This kind of situation was a very dominant characteristic of the American mafia organization in its heyday. It was initiated from Sicilian culture in Italy, and nearly all the bosses and godfathers who led the family organizations had roots in Italian culture that came from Sicily. The New York mafia was dominated by New Yorks five major families previously mentioned, along with other more minor Italian families with names like Profaci, Gagliano, Mangano, Marazano, and Masseria. (Bio, 2/4). The only way to move up in the organization of the New York mafia was to be geographically located in the New York City area and be of Italian (preferably Sicilian) heritage. There were major exceptions to the Italian rule, however, most notably Lu cky Lucianos most trusted and important Jewish friends and allies from his youth-Meyer Lansky and Benjamin Bugsy Siegel. (Bio, 1/4). Nevertheless, neither of those two non-Italians was ever able to climb to the very top of the leadership of the mafia organization or lead one of the major or minor Sicilian crime families. There were also other ethnic communities that competed with the American Italian mafia-primarily the Irish, Russians, and Polish organizations. Thomas defines Cultural relativism as an attitude in which there is a belief that cultures should be judged by their own standards rather than by applying the standards of another culture. In other words, it is the attempt to understand cultural practices from the points of view of the members of the society being studied, (Thomas, 36), In the case of the American mafia that was based on Sicilian origins; this means that ethics and morality came from a culture that is male-dominant, sexist, and machismo. There was always a defined code: It was a mixture of ethics, friendship, family, property, and lifestyle intermixed with violence, corruption, trust, faith, and a certain sense of honor. (Gambetta). The family always came first with a strong sense of loyalty. It was run as a real true government, but a clandestine one that was better obeyed and even better understood. (Reppetto) I cannot say that I agree with the basic philosophy of the Italian American mafia as described in this paper as an example of a good countercultural philosophy. Although they seem to have an organized structure that imitates the structure of our overall American government and society working within a capitalistic for-profit basis, what it is definitely missing at its core is a reasonable moral and ethical code based on democratic principles. They are totalitarian in nature, prone to violence against the poor and less powerful, and definitely ethnocentric, sexist, and out primarily for their own good. They do not care for the needs of the common man, only themselves. This is how they basically keep themselves in control and have power over everyone else. This is how they try to be above the common laws and liberties of the land. Their very existence flies in the face of the US Constitution. Even after Lucky Luciano was in prison at the tail end of his career, he tried to offer the US help in the war effort during World War II by using his criminal connections in Italy to advance the Allies cause. (Bio) This effort, of course, was rejected by the US government, but it certainly showed how Lucianos ethics and moral base was constantly challenged and off base. Even later than that, after Lucky Luciano was deported to Italy, never to return to the US legally, he traveled to Cuba where he was also later deported back to Italy because of criminal activity, where he remained under surveillance and not allowed to leave Naples. He was still involved with drug trafficking at that time until his death at a Naples Airport in January of 1962. Ironically, he was on his way to meet with a film and television producer who was going to make a movie about his life as an infamous hero/villain of the 20th century. In my opinion, Lucky Luciano is certainly more than a footnote of history, but he and the mafia are definitely not proud examples of a morally acceptable counterculture lifestyle. Works Cited Editors, Biography.com. The biography.com website. 15 June 2015. 9 march 2017. Gambetta, D. The Sicilian Mafia. 1993. Harvard University Press. Jrank, law. law.jrank.org. 2015. 10 march 2017. Reppetto, T. American Mafia: A History of Its Rise to Power. Kindle. Staff, history.com. history.com. 2009. 9 march 2017. Thomas, W. LaVerne. Cultural Diversity. Holt, Rinehart, Winston. Holt Sociology The study of Human Relationships. Austin: A Harcourt Education Company , 2003. 39.

Saturday, January 18, 2020

Professional Development of Nurses Essay

In 2008, the Institute of Medicine (IOM) partnered with the Robert Wood Johnson Foundation (RWJF) to form an initiative on the future of nursing. The RWJF is an independent organization that focuses on healthcare innovations and programs such as childhood obesity, health coverage, and public health. The IOM is a non-government resource that assists the government and private agencies in making informed decisions about healthcare issues (â€Å"ISNA bulletin,† 2011, p. 11). This 2 year study focused on the current state of healthcare, specifically nursing, and provided recommendations to improve the nursing profession and enhance the infrastructure of healthcare. Key points were safety, technology, and interdisciplinary collaboration of practice. The study focused on nursing education, practice, and nursing’s role of leadership (Committee on the Robert Wood Johnson Foundation Initiative on the Future of Nursing, at the Institute of Medicine [RWJF], 2011). The focus on education was primarily driven to advance the educational system and to further advance nursing care in the changing face of healthcare reforms. The study showed that nurses have a significant impact in healthcare, with more than 3 million members; they are posed to generate a large role in the reform of the healthcare system (Committee on the Robert Wood Johnson Foundation Initiative on the Future of Nursing, at the Institute of Medicine [RWJF], 2011). The IOM strives to achieve higher levels of education through improved educational systems. Nurses are encouraged to practice to the full extent of their education and training. The IOM initiative is promoting removal of the barriers that are in place regarding scopes of practice for advanced practice nurses and to standardize the scope of practice delineations across state lines. The report recommends support of nursing education and programs expanded to graduate more upper level nurses who will then focus on becoming educators. The goal of the IOM is to have 80% more baccalaureate prepared nurses by 2020. By increasing the number of nursing programs that are now in place and changing those from purely traditional learning to a hybrid of traditional and innovative or online programs more nurses will graduate with higher degrees. Intensifying the traditional curriculum to include interprofessional collaboration, communication, and systems thinking helps to encourage higher level thinking and superior leadership skills. Additionally encouraging nurses to engage in lifelong learning to retain and renew competencies is very important; the competencies should be relative to the knowledge, experience, and practice of the nurse. Another part of the education process is the implementation of nurse residency programs. These programs are important because it takes time and experience for a nurse to become fully prepared to be functional in the acute care setting and these new opportunities will encourage the nurses to stay at the institution. This IOM report has a tremendous impact on nursing practice, particularly in primary care with the focus being on increasing nursing education to provide higher quality care for the patients. Keeping up with facility and national competencies is important to ensure that the nurse’s practice is up to date and current. Improved technology also increases the nurse’s efficiency and the amount of time that the nurse is able to spend with their patients. Additionally, this helps with the education of the patient because when the nurse is able to spend more time with the patient more effective teaching is done. Patient safety is one of the most important parts of nu rsing and by utilizing education as well as technology nurses are able to prevent critical errors and maintain patient safety more effectively. With the new Patient Protection and Affordable Care Act (PPACA) traditional healthcare is evolving to patient centered care delivered in the community rather than in the acute care setting. Advanced practice nurses will have a bigger â€Å"voice† in the community and an enormous impact on healthcare. This will impact me in my nursing facility because as I am better educated and up to date on my competencies, my patients are safer, I am utilizing the most recent technology in caring for them, and therefore providing them the best and safest care. The IOM report is describing an ideal world where nurses are significant as leaders, in a partnership with physicians and other healthcare professionals, in redesigning the healthcare system. To accomplish this reform, nurses must be educated as leaders by focusing on communication, professionalism, interprofessional collaboration and decision making (â€Å"ISNA bulletin,† 2011, p. 12). The nurse should be actively involved in identifying problems, collaborating with the physicians to seek solutions, and be committed to providing safe and effective healthcare to the patients and community. Leadership also plays an active role in policy making, institutional model development, and improving work processes. Nurses, with their backgrounds in patient care, have a unique understanding of patient well-being, institutional policies, and flow of the healthcare team which helps them to be on the forefront of change. In closing, the IOM report is a detailed description of recommendations that describe how nurses can and should be actively participating in the healthcare reform. It is time for a change and nurses have the opportunity and responsibility to participate in these transformational changes. Education, leadership, changes in nursing practice, and collaboration of the healthcare team are the keys to change. References Committee on the Robert Wood Johnson Foundation Initiative on the Future of Nursing, at the Institute of Medicine. (2011). Institute of Medicine. [Article]. Retrieved from http://iom.edu/~/media/Files/Report%20Files/2010/The-Future-of-Nursing/Future%20o Fights, S. D. (2012, March/April). Nurses Lead From Where We Stand: How Can You Impact the Future Of Nursing? [Article]. MEDSURG Nursing, 21(2), 57-58. Retrieved from http://library.gcu.edu:2048/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=a9h&AN=74576360&site=eds-live&scope=siteâ€Å">Nurses Lead from Where We Stand: How Can You Impact the Future of Nursing? IOM Report on the Future of Nursing: Leading Change, Advancing Health. [Journal article]. (2011, January 11). Med-Surg Matters, 1, 3. Retrieved from http://library.gcu.edu:2048/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=rzh&AN=2010978901&site=eds-live&scope=site†>IOM Report on the Future of Nursing: Leading Change, Advancing Health. Visioning the future of nursing: analysis of the IOM/RWJ foundation report [independent study]. (2011, august, September, October). Indiana State

Friday, January 10, 2020

Aed 200/Students Rights and Teacher Responsiblities Essay

If a student is harmed because the teacher was unable to foresee the threat, then the teacher can be held accountable. Also if a student is harmed because the teacher failed to pay attention to entire class, the teacher can be held accountable. A teacher’s responsibilities influence students’ rights because a students’ rights must be limited to maintain student safety on a field trip. One example may be implementation of a dress code specifically for field trips. A teacher may require all students wear red shirts. This would help the teacher keep all students together. A student may feel like the teacher is violating his or her rights to wear what he or she chooses; however, the teacher is simply exercising caution. This is the responsibility of a teacher. As a teacher, I will have many responsibilities. One responsibility is that I should seek to achieve the highest standards in my work. The status of my profession depends directly on teachers. I will have a responsibility to follow a code of ethics and code of conduct. Students must follow these codes, and as an educator, I will also. Another responsibility I will have as a teacher is to ensure the safety of my students. I will have many other responsibilities above and beyond those mentioned. Like responsibilities, I will also have rights as a teacher. I will have the right to exercise all civil rights enjoyed by other citizens. As a teacher, I will have the right to be human and make mistakes. I will have the right to expect an appropriate of respect from students. I will have many more rights as a teacher, along with those I mentioned. Some responsibilities I have may influence the rights of some students. For example, it is my responsibility to ensure the safety of my students in my classroom. If there is a safety concern with a student, it is my responsibility to remove that student, or have that student removed, from the class and discipline accordingly. This would influence this students’ rights. In a situation such as this, it is extremely fair and acceptable to infringe on this students’ rights. As a teacher, I must put the safety of my students first. If there is a major safety concern with a student, no other students will be capable of learning until the situation is resolved. One personal example of teachers’ responsibilities limiting a student’s rights involved my oldest daughter. She was attending a field trip to a local library and then to the park for lunch and playtime. I was not allowed to ride the bus, so I followed behind in my personal vehicle. We arrived at the library, completed our walk through and story time and was getting ready to leave. At this time, my daughter, who was five, wanted to ride with me to the park, not on the bus. The teacher had a responsibility to ensure that my daughter was safely returned to the school, therefore prohibiting me from taking her in my vehicle. We then arrived at the park, we ate lunch, played, and it was then time to return to school. At this time, my daughter again was in tears, wanting to ride with me. Again, the teacher explained her responsibilities, which prohibited my daughter from returning to school in my vehicle. This is an example of teachers’ responsibilities influencing a student’s rights. One example of a students’ rights overriding a teachers’ responsibility would be of a special needs child. Fairly recent changes in special education laws require that more and more students be placed in regular classrooms. These special needs students’ have a right to be graded, in these normal classes, according to their Individual Education Plan (IEP). This right would override a teachers’ responsibility of being fair and treating all children equal. This teacher may have to give lenience to the special needs child and not to the other students. Many students’ rights and teachers’ responsibilities work directly with each other. However, some work for and some work against each other. As a teacher, I must be able to make the best moral decision based on both my responsibilities as well as my rights, while at the same time, respecting the rights of my students. Respect, from both sides, and open communication is key in fulfilling the rights and responsibilities of both parties.

Thursday, January 2, 2020

Examining the advantages of ratio analysis - Free Essay Example

Sample details Pages: 11 Words: 3360 Downloads: 3 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? The term ratios is use to explain relationship connecting figures on a balance sheet, in profit and loss account, budgetary control system or any other part of accounting organization. Accounting ratios as a result shows the relationship between financial data. The analysis is very important role in measuring the performance of the business. These ratios are carried out from the Income statement and balance sheet. Several parties including management, investors and Government are involved in these ratios. The function of analysis is to measure the performance of the company and financial health of the organization. Don’t waste time! Our writers will create an original "Examining the advantages of ratio analysis" essay for you Create order Advantages Ratio is an important role and old technique of the financial analysis. There are the following advantages Simplify the financial statements: It is simplifies the concept of financial statements. Ratio let know the complete story of changing in the financial situation of the business Facilitate inter-firm comparison: It is providing data for inter the firm estimate. Ratios highlight the factors of related with successful and unsuccessful firm. They have also told strong firms and weak firms, overrated and undervalue firms. Helps in planning: It is help in planning and forecasting. Ratio can be support management in it basic function of forecasting for planning, organizing, controlling and communication. Makes inter-firm comparison possible: Analyses can also the possible relationship to the performance varied division of the firm. Ratio is helpful in decide about their efficiency or else in the past and liable performance in the future. Limitations of Ratios Analysis The ratio analysis is the tools of financial management. Ratios are easily to calculate and easy to understand, they bear from serious limitations. Ratio is based only the information which have been recorded in the statements. Financial statements are subject to several limitations. These ratio derived, there from, are also subject to persons limitations. Comparative study required: Ratios are useful in judging the efficiency of the business only when they are compared with past results of the business. However, such a comparison only provide glimpse of the past performance and forecasts for future may not prove correct since several other factors like market conditions, management policies, etc. may affect the future operations. Ratios alone are not adequate. Ratios are only indicators; they cannot be taken as final regarding good or bad financial position of the business. Other things have also to be seen. Problems of price level changes: A change in price level can affect the validity of ratios are calculated for different time periods. In such a case the ratio analysis may not clearly indicate the trend in solvency and profitability of the company. The financial statements, therefore, be adjusted keeping in view the price level changes if a meaningful comparison is to be made through accounting ratios. Lack of adequate standard: No fixed standard can be laid down for ideal ratios. There are no well accepted standards or rule of thumb for all ratios which can be accepted as norm. It renders interpretation of the ratios difficult. Limited use of single ratios: A single ratio, usually, does not convey much of a sense. To make a better interpretation, a number of ratios have to be calculated which is likely to confuse the analyst than help him in making any good decision. Personal bias: Ratios are only means of financial analysis and not an end in itself. Ratios have to interpret and different people may interpret the same ratio in different way. Incomparable: Not only industries differ in their nature, but also the firms of the similar business widely differ in their size and accounting procedures etc. It makes comparison of ratios difficult and misleading. Current ratio Current Ratio is an indicator of the capability of the firms to pay their current liability by converting current assets. It is also known as liquidity ratio or cash asset ratio and also the cash ratio. It is calculated by dividing current assets with current liabilities. High figures mean that textile mills have the capacity to pay its current liability. Acceptable figures vary, depending upon the type of business.   Generally, more than one is acceptable. Smaller value shows that company has not enough current assets to discharge its current liabilities. The current ratio of one means shows that the current assets are equal to current liabilities. Less than one means that company has more current liabilities and less current assets, which is a sign of concern in some cases. We have compiled the current ratio of Nisht textile mills of Pakistan and found the mean of current ratio is more than 1.00 in three years in 2005 to 2007 but in 2008 and 2009 current ratio mean is less then 1 It is alarming that the Nishat Mill has more risky in 2008 and 2009. However, Kohinoor mill also found the mean of ratio is more then 1 in 2005 to 2008 but in 2009 downward trend 0.75 in 2009.   Current ratio of Gull Ahmed shows downward trend 1.05 in 2005 and 0.9 in 2008, in 2009 shows some improvement .05 as compare to 2008.Fazal and shams also decrease trend 1.14, 1.49 in 2005 and 0.82, 0.73 in 2009 . Ratio table depicts that there is no improvement in 2009 and if it continues, there is a probability that in coming years situation of the textile mill will not be improve. However, mells can check their position by comparing with the average of the other textile mill. For example, this table shows that 25% mills have current ratio more than 1.00. It reflects that there are certain mills which have more current assets than current liabilities.   Current Ratio= Current assets   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Current liabilities Textile mills Years 2005 2006 2007 2008 2009 Nishat Mill 1.24 1.38 1.74 0.73 0.86 Kohinoor Mill 1.02 1.02 1.07 1.06 0.75 Gul Ahmed Mill 1.05 1 0.95 0.9 0.95 Fazal Mill 1.14 1.17 1.03 1.1 0.82 Shams Mill 1.49 0.92 1.06 0.84 0.73 Return on assets Return on Assets (ROA) is an indicator which tells about the efficiency of firm in using the assets. It is calculated by dividing the annual earning of the company with total assets, shown as percentage. Return on assets =   Net earning X 100   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Total assets Textile mills Years 2005 2006 2007 2008 2009 Nishat Mill 8.51% 3.05% 4.25% 14.54% 4.02% Kohinoor Mill 1% 2.62% -0.27% -0.02% -3.72% Gul Ahmed Mill 1.73% -0.77% 3.62% 1.96% 1.37% Fazal Mill 0.02% 0.03% -0.01% 0% 0.01% Shams Mill 6.38% 2.47% 10.06% -2.33% -5.09% This ratio is also an indicator of money earned by a textile mills against each dollar invested. There is an understood variation in the number, since it is highly related to capital investment. Textile mills are capital intensive sectors and these figures should be compared with another capital intensive sector. Ratio table shows that mean of the return on asset is Nishat textile mill -8.5 in 2005 and -4.02%, in 2009 which is quite alarming. And the other Kohinoor textile mills is the retorn on asset 1.00 in 2005 and -3.72 decrease in 2009. Gross profit margin Profit maximization is one of the core functions of commercial firms. Gross profit is a difference of net sale and COGS. It shows how well the operation is generating revenue. Gross profit margin =Gross profit X 100   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Net sale Textile mills Years 2005 2006 2007 2008 2009 Nishat Mill 18.77% 17.76% 16.56% 14.35% 18.23% Kohinoor Mill 14.26% 14.8% 14.64% 15.36% 14.89% Gul Ahmed Mill 16.39% 15.64% 14.98% 15.14% 16.81% Fazal Mill 9.88% 8.66% 5.35% 5.72% 7.82% Shams Mill 13.42% 9.56% 5.09% 5.63% 5.08% Ratio table shows that Nishat textile mills of Pakistan could have only 18.77% and 18.23% gross profit margin in 2005 and 2009 respectively. Although Nishat textile mill earned loss, the percentage was too small, and profits earned were minimal. However, majority of the mills did not report any loss in operations. Ratio table shows that Kohinoor textile mills of Pakistan could have only 14.26% and 14.89% gross profit margin in 2005 and 2009 respectively. Although Kohinoor textile mill earned profit, the percentage was too small they will be earned a profit is mini mum in 2009. The gross profit ratio is show in the gul ahmed textile mills of Pakistan is the rat6io of 16.39% in 2005 and they will be a profit is minimum in 16.81% in 2009 and they earned a profit is to short in the financial year 2009 could have minimum gross profit in 2005 to 2009. Then the other to mills of Fazal and Shams is the ratio of gross profit is in 9.88% , 13.42% in 2005and they will be a loss in 2009. In 2009 is the ratio of mills is7.82% , 5.08% is a loss in an operation and they will be very decrees in 2009 Operating profit margin Operating Profit Margin (OPM) is also called operating margin, operating income margin or return on sales (ROS). It is calculated by dividing operating profit with net sale usually presented in percentage. It shows the efficiency of the firm in generating profits from its operations. Difference between gross profit and operating profit provides information about the over head expenses in total cost. Operating profit margin = Operating profit X 100   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Net sale Textile mills Years 2005 2006 2007 2008 2009 Nishat Mill 17.58% 12.1% 12.03% 36.08% 12.6% Kohinoor Mill 6.83% 11.63% 8.06% 13.4% 8.55% Gul Ahmed Mill 6.63% 7.27% 7.56% 7.98% 8.69% Fazal Mill 7.28% 6.19% 3.41% 3.94% 5.99% Shams Mill 9.65% 6.47% 1.96% 1.16% 0.2% Operating profit ratio of Nishat millis 17.58% in 2005and decrees 12.03% in 2007 then the Ratio is very higher in 36.08% in 2008 and they will be profit margin but in 2009 the ratio is not stable in 2009 and they will be very low ( decrees) in 12.6% in 2009. It show the table has also be a profit is very low which compeer in 2008/ depicts that 25% firms have -3% loss, however, more than 50% firms have Positive . However the Kohinoor mill is operating profit is 6.83%in 2005 they will be increase in the 11.63% in 2006.then 2007 is the profit is decrees in 8.06% is very low which comer5 to 2006. And 13.4% in increase the profit ratio in which combination of 2007.kohinoor mill in 2009 is to short a loss in 8.55% , which is campier in 2008 is very high the ratio., ktml mills of Pakistan have earned the profit in 2008 and bear the loss in 2009 financial period. Gull ahmed textile mill Ratio 6.63% in 2005,and they will be increase year by year in minimum and the profit in 8.69% in 2009.the operating profit and net sale is h higher than the 2005 period year. Fazal and Shams textile mills are the 7.28% , 9.65% in 2005 the operating profit is decrees by the 5.99% , 0.2% is very low in the combination of year 2005 Net Profit Margin . Net Profit Margin=   Net Profit X 100   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Net sale Textile mills Years 2005 2006 2007 2008 2009 Nishat Mill 16.41% 9.8% 7.05% 29.9% 5.31% Kohinoor Mill 1.89% 4.32% -0.56% -0.05% -5.2% Gul Ahmed Mill 1.29% -0.42% 1.67% 0.88% 0.58% Fazal Mill 2.48% 2.39% -0.9% 0.41% 0.89% Shams Mill 7.2% 2.66% 8.64% -1.75% -3.09% In 2005, Nishat textile mills of Pakistan reported 16.41 % and in 2009 operating profit margin became 5.31%.that ratio is to the bear loss in for the period of financial year. Return on equity Equity is the money invested by the shareholders for profit. This ratio indicates the firms ability to earn against the investment. It is also called return on average common equity, return on net worth, and return on ordinary shareholders funds. Return on Equity=   Net Income after tax   X 100   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Net equity   Textile mills Years 2005 2006 2007 2008 2009 Nishat Mill 14.58% 7.92% 5.58% 22.11% 6.55% Kohinoor Mill 2.33% 6.33% -0.66% -0.09% -15.33% Gul Ahmed Mill 3.4% -1.51% 6.62% 3.79% 2.73% Fazal Mill 0.06% 0.07% -0.03% 0.01% 0.03% Shams Mill 19.6% 7.69% 27.86% -6.99% -19.5% Nishat textile mills of Pakistan have only 14.58 % ROE in 2005 than will be decrees in 7.92% , 5.58% in 2006 and 2007 other 22.11% in 2008 the equity ratio is increase in 2008 and 6.55% decrees in 2009. Kohinoor mill is the equity of 2.33% in 2005 and increase in the share holders equity 6.33% in 2006 but next year is share holder equity is less than 1.00 funds of -.66% , -.09% , -15.33% ins decrees in 2007 to 2009. Company founds is very low in last year. Ktm mill is equity 2.33% in 2005 and increase in 6.33% 2006 but the ROE is less 1.00 of share holder equity -0.66% , -0.09% , -15.33% in decrees the share holder equity in 2007 to 2009. Gul ahmed textile mill ROE is 3.4% in 2005 and decrees in share holder equity -1.51% in 2006. And 6.62% increase the equity of 2007 but 3.79% , 2.73% decrees in 2008 to 2009. Fazal mill ROE is .06% , .07% in 2005 to 2006 but decrees in equity -0.03% in 2007. Fazal mill increase in 0.01% , 0.03% 2008 and 2009 the equity ratio is growth the share holder funds. Shams mill is the ROE 19.6% in 2005 but 2006 growth of ROE is decrees 7.69% and the next year in 2007 equity is more high increase in 27.86% for higher than the previous year. 2008 and 2009 ratio of equity is less than 1 percent in -6.99% -19.5% is profit of share holder equity. This tells us that net loss of the firms will lead them to a serious position and this position may not allow them to survive and ultimately there are more chances that many firms will be bankrupt Earning per share Earning per Share (EPS) is an indicator of the firm performance. It depends upon the profitability of the firms. It is calculated after closing the previous years books. It is the portion of the firms profit which is allocated to each outstanding share of investors. In other words, it is a valid and reliable tool to measure the profitability of the companies. It is calculated as: EPS=   Net income-dividends on preferred stocks X 100   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Average outstanding shares Textile mills Years 2005 2006 2007 2008 2009 Nishat Mill 12.86% 10.22% 7.58% 36.86% 6.81% Kohinoor Mill 0.92% 2.82% -0.32% -0.02% -3.02% Gul Ahmed Mill 1.53% -0.68% 3.11% 1.86% 1.45% Fazal Mill 6.61% 7.86% -3.31% 1.62% 4.09% Shams Mill 8.12% 4.76% 21.83% -4.69% -9.65% EPS is considered as the single most significant variable in determining a shares price in stock exchange. This variable also tells price-to-earnings valuation ratio. The table tells about the EPS situation of Nishat textile mill of Pakistan. It is obvious that in 2005, the mean value of EPS is 12.86%, whereas, it has decline to 10.22% in 2006, almost they will be less than the previous year 2006 and 2007 value of EPS is more decrease in 2007 of 7.58% than the other hand 2008 is value of share is increase four times greater than previous years 36.86%. is much higher in 2007the ratio of EPS. And will be profit on the share holder in 2008. EPS 6.81% in 2009 they will be decrease by the previous year. The share holder profit is minim. Kohinoor textile the price in stock exchange 0.92% in 2005 and greater than the 2.82% in 2006. Other wise the company share price is decrease in-0.32 in 2007 and company reputation was very poor. EPS was -0.02, -3.02 reduce by the 2008 and 2009. The compan y profit is under the previous year. Gul ahmed mill in Pakistan earring per share in 2005 was 1.53% and -.68% in 2006 was the share price is under the 2005but 2007 the company was work done properly in 3.11% to increase earring price. 2008 and 2009 EPS is decrease in 1.86%, 1.45% which compare to 2007. Fazal textile mill is reliable profit in 6.61% for the period of 2005. The company was most significant variable in determining a share price stock exchange. The price is earning in 7.86% 2006. The firm profit which allocate by share price. The company performance is better then the previous year. 2007 company performs not the work and they will be a decrease in share price -3.31% in 2007.share price will be increase in 1.62% 4.09% of 2008 and 2009 the performance of the company is better period of 2009. Shams mill Pakistan It is the portion of the firms profit which is allocated to each outstanding share of investors. Other words, it is a valid and reliable tool to measure the profitability of the companies. The company share price in 8.12% in 2005 and the company perform the work and profit allocate the outstanding of share of investor in 21.83% measure the profitability in 2007 but in 2008 the Fazal mill is decrease the share price -4.69% -9.65%in 2008 and 2009. Company are taken the loss in the year. They will not achieve the target of measure the profit but did the company to run the loss. Debit ratio Debt ratio is one the fundamental ratios used to determine the financial health of the firms. It tells that what is the level of total liabilities and assets of the firms. Debit ratio= Total liabilities X 100   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Total assets Textile mills Years 2005 2006 2007 2008 2009 Nishat Mill 48.83% 3.33% 31.45% 52.03% 63% Kohinoor Mill 132.05% 140.89% 119.23% 171.08% 312.05% Gul Ahmed Mill 0.93% 1.06% 0.85% 1.07% 0.98% Fazal Mill 1.38% 1.51% 1.57% 2.23% 1.56% Shams Mill 0.4% 1.04% 1.92% 2.39% 3.1% Nishat textile mill of Pakistan have 48.83% debt ratio in 2005 and 3.33% in 2006 respectively .it means that the liabilities are more than the asset. Debt ratio 31.45% in 2007 that the company is the asst is more than the liabilities. The ratio is 52.03%, 63.00% and the debt ratio is increase by the 2008 and 2009 the financial of firm health in total asst and total liabilities. Kohinoor textile mill 132.05% debt ratio in 2005 and 2006 is the debt ratio 140.89% will be increase the liability. 2007 debt ratio is decrease in 119.23% and the asset are increase and the liabilities are decrease but in 2008 the company performance is better ratio is 171.08%. And is higher the profit of Kohinoor mill company financial wealth in the level of asset and liabilities are increase by the 312.05% in 2009 and company performance is well better in 2009. Gul ahmed textile mill have 0.93% debt ratio in 2005 and 2006 which is 1.06% respectively it means that liabilities are under the asset and the asset increase in 2006but in 2007 to 2009 is in the ratio of 0.85% , 0.98% which was the liabilities are increase in the ratio. Fazal textile mill 1.38%, 1.51%, 1.57% and 2.23% in 2005 to 2008 and liabilities are decrease year by year, otherwise 2008 are asset and liabilities are increase mill wealth is strong but in 2009 ratio is 1.56% which compares by 2008 ratio is decrease in 2009. Shams mill have 0.4% debt ratio in 2005 and ratio raise by 3.1% in 2009. Mill perform the work is so good ratio has declined which means that whit the passage of time the difference between liabilities and asset is increasing. Total asset turnover Total Asset Turnover (TAT) is a ratio that deals with net sales and total assets. This ratio measures how well a firm is using its assets to generate revenue. Total asset turnover (TAT) = Net sales   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Average total assets Textile mills Years 2005 2006 2007 2008 2009 Nishat Mill 48.83 3.33 31.45 52.03 63 Kohinoor Mill 132.05 140.89 119.23 171.08 312.05 Gul Ahmed Mill 0.93 1.06 0.85 1.07 0.98 Fazal Mill 1.38 1.51 1.57 2.23 1.56 Shams Mill 0.4 1.04 1.92 2.39 3.1 Nishat textile mill Table shows that in total asset turnover, asst turnover mean the values 48.83 in2005 and 2006 is 3.33.both figures tells about the industries generate revenue is not equal to the total asset. In 2007 to 2009 total asset turnover value of 31.45, 63.00 is generate the revenue means to equal the total asset. Kohinoor textile mill 132.05 total asset turnover values in 2005 and 140.89 asset turnover value increase in 2006 but 2007 value of the asset turnover will be decrease. 2008 in the asset value of 171.08 which is greater than the previous. In 2009 the total asset turnover is increase 312.05 in the year. The firm using and generate the revenue of net sale. Gul ahmed textile mill total asset turnover 0.93 in 2005 and generate revenue of net sale divided by average of total asset but 2006 asset turnover is increase in1.06 that year. 2007 to 2009 textile mill was generating the revenue in total asset 0.85, 0.98 is increasing which compeer to2007. Fazal textile mill is total asset of turnover value 1.38, 1.51, 1.57 in three year value increase by normally of mills asset in 2005 to 2007. But 2008 was generating the revenue of total asset turnover 2.23 which is greater than the previous year. And 2009 ratio 1.56 is under 2008. Shams textile mill 0.4 in 2005 total asset turnover Total Asset Turnover (TAT) is a ratio is increase by the properly in four year 1.04, 1.92 , 2.39 ,3.1 the asset generate that deals with net sales and total assets for 2006 to 2009. This ratio measures how well a firm is using its assets to generate revenue in the 2009 Fixed asset turnover Textile mills have to invest in fixed assets to generate revenue. It may be in shape of land, machinery etc. Ratio of fixed and capital assets depends upon the type of industry. Fixed Asset Turnover (FAT) =     Ãƒâ€šÃ‚   Net sales  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚     X 100   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚      Average fixed assets Textile mills Years 2005 2006 2007 2008 2009 Nishat Mill 0.88% 0.77% 0.73% 0.68% 0.87% Kohinoor Mill 0.83% 0.17% 0.82% 0.85% 1.17% Gul Ahmed Mill 1.46% 1.85% 2.08% 2%% 2.28% Fazal Mill 1.52% 1.61% 1.29% 1.06% Shams Mill 1.91% 1.83% 2% 2.25% 2.84% Nish at textile mill in Pakistan demand for more fixed asset. Table show that in 2005 this ratio is 0.88%, whereas, in 2006 it was 0.77%. It show that the textile mill as a whole generates less revenue by using fixed asset in 2006 as compared to previous year. Is that ratio in 2007 to 2009 was 0.73%, 0.68%, 0.87%. nishat textile mill as a whole generates less revenue by using fixed asset in 2007 to 2009 which compared to previous year. The mill was earned the growth in the 2009 and they will establish better work in 2009. Kohinoor textile mill for fixed asset in 2005 and ratio is 0.83%. They will be a revenue decrease in 0.17% in 2006. Ktm is fixed asset turnover is higher in the previous year. The ratio increase in 2007 to 2009 fixed asset ratio is 0.82%, 1.17% in the generate revenue in earned by the year 2009. Gul ahmed textile mill demand for more fixed asset table that show in 2005 ratio is 1.46% whereas, in 2009 it was 2.28% ratio was show in the table. That ratio is increase in yearly basis and the fixed asset turns over would be higher in previous year. Fazal mill was the fixed asset ratio in 2006 is 1.52% and 2007 was 1.61% they will be increases the asset but in 2008 the ratio will decrease 1.29% and more decrease in 2009 in ratio 1.06%. Total asset turnover was in decline the asset for fazal mill. Shams textile mill demand for more fixed asset table that show in 2005 ratio is 1.19% whereas, in 2009 it was 2.84% ratio was show in the table. That ratio is increase in yearly basis and the fixed asset turns over would be higher in previous year.