Here is the synopsis of our sample research paper on Haverty Furniture Cos., Inc.; Financial Analysis. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 17 page paper analyses this well-known furniture company by calculate financial ratios for profitability, liquidity, efficiency, leverage, and also uses the DuPont system. The financial position is ascertained using trend analysis, comparative analysis and benchmarking. The paper then looks at the cost of capital, showing detailed calculation of the weighted average cost of capital; WACC, and how this may be impacted by different changes to the dividend payments. The bibliography cites 4 sources.
Page Count:
17 pages (~225 words per page)
File: TS14_TEhavert.rtf
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Unformatted sample text from the term paper:
diverse industries will be one factor, however, the main influence will be the view taken by the investor regarding the future profitability of the company and the return this will
create for the potential investor against the market price for the share. If an investor is considering buying Haverty Furniture Companies shares then they may wish to look at the
performance of the company and how this may change in the future. There are different measures we can look at to assess the performance of the company, this includes
what is known as a horizontal analysis, looking at the performance over time, and a vertical analysis that looks at efficiency in the current year, comparing the figures with same
year figures. Unless otherwise stated all figures are taken from the relevant annual reports. The figures used will also include many years, to allow comparison and allow the student to
produce their own graphs. If we look at the revenue of the company this has been increasing over the last couple of years, 2003 saw revenue of $713.0 million
up from $751.0 in 2002, however, 2001 was a more difficult year, with the impact of the falling sales following the collapse of the World Trade Centre due to a
terrorist attack. This pattern of falling revenue in 2001 is seen in many US companies. 2001 had a revenue of $689.2 million, compared to the 2000 figure of $693.6 million.
However, it is not income that is important for an investor, it is profit and/or the creation of value in the company. The first measure of profit is the
gross profit margin. The gross margin is expressed as a percentage, this is the level of revenue that remains when all of the direct costs for producing the goods or
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