The right brothers Essay Example | Topics and Well Written Essays - 2750 words

The right brothers - Essay Example One of these was a toy helicopter, which sparked a love for flying in the brothers. When the toy broke down, the brothers made a replacement, a feat that illustrated their future inventive capabilities (The Wright Story, 2010). The brothers’ childhood appears to have been highly enriched by their father’s travel and family relocations to various locations in the Mid West, familial encouragement in intellectual pursuits and natural boyhood curiosity, enterprise and inventiveness (The Wright Story 2010). Milton Wright’s strict discipline, farming background experience and Susan’s mechanical ability to make useful things with her hands were imparted into their children in a warm, loving and encouraging family atmosphere. The Wright brothers were exposed to a wide ranging world of ideas through the literature in the family library, as well as their father’s travel experiences (The Wright Story 2010). Despite not being well schooled, the brothers were brought up in a creative and intellectual environment that suited pursuit of varying challenges (Wright Brothers n. d.). Wilbur was a bright, outgoing, robust and studious child who excelled in his academic pursuits and had plans to attend Yale University after graduating from high school (Wilbur 2015). However, an accident in the 1885-86 fall at the hands of an opponent’s an ice hockey stick disfigured his face resulting in a depression, drop out from high school and cancellation of college attendance plans. He became recluse, spending more time at home reading, helping out his father in his religious work and looking after his sick mother (Wilbur 2015). Susan Wright later died from tuberculosis. Orville was a mischievous and curious child given to playing pranks. Despite the fact that his family encouraged his intellectual development and academic pursuit, Orville was once expelled from school due to hi mischief. He especially loved flying kites and started making his

Financial Performance for SAC 2010 & 2011 Assignment

Financial Performance for SAC 2010 & 2011 - Assignment Example At the end, recommendations are presented for Sparklin Automotive Company on the basis of performance evaluation presented in the report. Ratio analysis refers to the financial analysis tool through which financial analysts carry out the analysis of a company’s financial performance by conducting a quantitative analysis. For the purpose of determining different ratios for the company, its financial statements are considered, which include comparative information, i.e. information pertaining to more than one financial year (Albrecht, Stice, & Stice, 2008; Eugene F. Brigham, 2012; Needles & Powers, 2010). Current ratio is a measure of liquidity position of a company, which determines the amount of liquid assets possessed by a company in comparison with the amounts owed by it in short run. The ratio is determined by dividing current assets with current liabilities of the company (Needles & Powers, 2010). The debt to equity ratio for a company shows that how far a company’s finance is obtained through borrowing with reference to the total equity of the company. This ratio, as the name suggests, is determined by dividing the total debt of the company with total equity (Needles & Powers, 2010). The inventory turnover ratio shows the frequency with which a company’s inventory is sold over a period of time. The ratio is determined by dividing the total sales revenue with the average inventory level or ending inventory, as the case may be (Needles & Powers, 2010). This ratio signifies the efficiency of a company with respect to the collection of its amounts owed to debtors. When accounts receivable turnover is high, it is considered favorable because the company is able to maintain a lower level of receivables with respect to total revenues earned on credit. The ratio is determined by dividing the total revenues earned with accounts receivables (Needles & Powers, 2010). The gross margin percentage is a ratio which shows gross margin as a