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Essay / Research Paper Abstract
This 9 page paper presents 12 key ratios over a five year period for Microsoft Corp. in a table then assesses the performance of the company using the ratios calculated. The bibliography cites 3 sources.
Page Count:
9 pages (~225 words per page)
File: TS14_TEmicros2005.rtf
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Unformatted sample text from the term paper:
The software includes operating systems, business and consumer applications as well as leisure applications for PCs servers, networks, mobile devices and embedded devices. In addition to this the company also
sells the X-Box units and games to the gaming market. The final area of operation is services, training and certifying systems integrators and giving product support to a range of
users. The market is a growing market, the type of products used are increasing globally and Microsoft hold a dominant position, but at the same time there have been
legal issues which have cost the company a great deal in direct costs and indirectly in negative publicity. If we look at a range of ratio over a five year
period and compare the current ratios with the industry averages we can get a good idea of the patters of trading and performance seen in the company.
2001 2002 2003 2004 2005 Industry* Gross Margin 86.30% 81.70% 82.30% 81.80% 84.40% 82.60% Net Profit Margin 29.04% 27.60% 31.05% 22.17% 30.80% 23.50% Return On Equity 16.58% 15.73% 17.65% 12.06%
20.32% 22.60% Return On Assets 13.19% 12.34% 13.58% 9.50% 15.02% 13.90% EPS 0.66 0.71 0.92 0.75 1.12 0.11 P/E Ratio 52.9 38.8 27.9 38.1 22.2 26.60 Price/Sales Ratio 16.1 10.7
8.7 8.5 6.8 6.16 Price/Book Value 8.3 5.6 4.5 4.2 5.5 5.91 Current Ratio 3.56 3.81 4.22 4.71 2.89 2.30 Quick Ratio 3.17 3.44 3.88 4.44 2.66 2.10 Asset Turnover
0.5 0.5 0.4 0.4 0.5 0.60 Receivable Turnover 7.3 6.5 6.2 6.7 6.1 5.20 * Industry figures are taken from MSN Money apart from the Earnings per share which is
taken from Yahoo Finance The first ratio is that of the gross profit. This is calculate by taking the revenue and then deducted the direct materials costs shown as
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