In this paper, I am going to take look at some of the leading companies in business today. The three companies that will be looked at are Coca-Cola, the Intercontinental Hotel Group and Wal-Mart. The first company that I decided to write on is Coca-Cola. Coca-Cola was first introduced in 1886 in Atlanta, Georgia where it was first sold for five cents a bottle. Coca-Cola is now a global leader in the beverage industry. It has hundreds of brands including some in the soft drinks, fruit juices, sport drinks and other beverages.
For the year of 2008, the Coca-Cola Company had thirty one million, nine hundred and forty-four thousand dollars to pay their current debts. Coca-Cola is in very good shape. After they paid all of their liabilities, the company was making a profit of five million dollars. Coca Cola is increasing their investments in their operations by a small margin. They increase it by a couple of thousand dollars. Coca Cola net income declined in 2008 from their income in 2007 by around one hundred eighty thousand dollars.
If you were to take the average net income of the previous three, the 2008 net income would be more than the average of those three years. The Coca Cola’s president receives a grade of a B from me. The main reason that he did not receive an A is that his company did have a decline in net income from the previous year. But given the state of this economy, he did an excellent job of at least maintaining a profit for the year when a lot of companies are reporting losses for the year.
The second company that I am writing about is the Intercontinental Hotel Group. It owns a number of hotels in the United States including the Holiday Inn chain and the Crowne Plaza chain. Its overall headquarter is in England. It is largest hotel group in the world when it comes to the number of rooms available. For the 2008 year, the company has five hundred and forty-four million dollars in current assets to pay for the liabilities. Right now this company is in very bad shape if you take just the current assets and current liabilities.
This company has five hundred and forty-four million dollars in assets compare to one billion, one hundred and forty-one million dollars in current liability. For 2008, the company has gain more in investments but they are still losing money in investments. They lost twenty-five million dollars in investments for 2008 compare to thirty-nine million dollars in 2007. They actually lost about four hundred and thirty million dollars in noncurrent assets from the previous year. In total net assets this company has lost ninety-seven million dollars from the previous year.
The president of the Intercontinental Hotel Group would receive a grade of C from me. This company’s net assets are way down from last year. Both the current and noncurrent assets are down from last year. The two reasons that he is not getting a D from me are that the revenues are up from last year and he still made a profit in net assets for 2008. Even though it is still a small gain compare in the business world, the company still made one million dollar in net asset for 2008. The last company that I am going to look at is Wal-Mart.
Wal-Mart, which is based in Arkansas, is one of the leading department stores in the United States. It sells everything from groceries to computer equipments to clothes. Currently Wal-Mart has 47,585,000,000 in current assets to pay for the liabilities. If you just compare the current assets to the current liabilities, Wal-Mart would be in bad shape. Wal-Mart’s liabilities are currently around 11,000,000,000 more than the current assets. They are using more money for investments. They used 15,670,000,000 of net cash for investments compare to 14,463,000,000 in 2007.
After everything is done, Wal-Mart is breaking even. I give the president of Wal-Mart and D for a grade. For the last two years, Wal-Mart has broken even both years. They have not gain or lost anything. With the economy the way it is, more people are shopping at Wal-Mart. Instead of making a profit off from it, Wal-Mart just broke even. In conclusion, as we look at these three companies’ financial reports, we can see that these businesses have been greatly affected by the recession. We looked at the financial report of Wal-Mart, Coca-Cola and the Intercontential Hotel Group.
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