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In these to reasonings we constantly proceed from one condition which, as a rule, will not take place in reality: we assume that all enterprises have an identical condition of material stocks and receivables corresponding to the same option. But in practice this state, as a rule, a miscellaneous.

Than less specific weight and the sum of short-term debt as a part of sources of means, subjects in a bigger measure influence the level of the general coefficient of a covering material current assets and receivables.

Other convention - is not taken into account that stocks during this period when we consider them normal, can be also higher than the normal. This convention reduces the level of excess of stocks in comparison with normal during the periods when this excess takes place.

Task of this chapter - to estimate the size and structure of assets and liabilities to answer as far as the enterprise is independent from the financial point of view, the level of this independence grows or decreases and whether the condition of its assets and liabilities answers problems of its authorized activity.

It was noted above that in the analysis of structure of property of the enterprises at some of them material stocks grew in a half-year. If for such growth enough own current assets which the enterprise has, growth is not followed by deterioration of a financial state.

Solvency of the N 1 enterprise is provided practically only with material assets and means in calculations; and the N 2 enterprises - considerably and money. The N 1 enterprise could have preference for potential investors only in case of real opportunities of increase of its coefficient of net proceeds.

The profit, gain of own sources of means, increase in all forms of borrowed funds can theoretically be sources of a gain of current assets. Both the analyzed enterprises did not use profit on this purpose. Other called sources are available and in this or that party influence a gain of current assets.

Sense of an indicator (in this case the general coefficient of a covering, for example, at the level of 1,57 consists that if the enterprise will direct all the current assets on repayment of debts, it liquidates all short-term debt and at it still remains for continuation of activity of 57,1% of the current assets which are registered on balance on 0

It is possible that it is easier for enterprise to sell material current assets, than to receive receivables. Then practical interest is represented by only two of three indicators - the general coefficient of a covering and absolute liquidity index as its component.

Thus, the major indicator characterizing solvency there is a relation of the actual general coefficient of a covering to settlement normal. All others have only analytical value.

Let's imagine that at the enterprise N 1 the condition of material current assets corresponds to the 4th option, i.e. all material current assets which are registered on balance are necessary for uninterrupted activity, and hopeless receivables make 50% of its total amount.

At the enterprises with rhythmical production where the objective reasons for decline in production in one quarters and its increase in others, the speed of a turn of material stocks on quarters has to be identical with other things being equal.

Generally the level of coefficient of a ratio of borrowed and own funds is in full accordance with the level of coefficient of security of material stocks with own current assets: it that is lower, than it is higher than a coefficient of security, and vice versa.

In cases when stocks are higher necessary, the normal coefficient of security with their own current assets has to be defined recognizing that own sources the necessary sizes of stocks have to be covered, the rest can be covered with borrowed funds.