Financial Markets and Bank Management Essay Example | Topics and Well Written Essays - 1000 words - 2

Financial Markets and Bank Management - Essay Example We understand that you wish to expand your business operations and therefore, your fund requirement has increased. Our observations on your firm’s balance sheet are as per the following. The current ratio of the firm has declined in the year just completed though it still stays above 1.0; however, the quick ratio appears to be under strain. We notice that the acid-test ratio has gone down below 0.50 in the latest financial year. Net margin has also declined from 2.5 percent in year 2013 to 2.1 percent in the latest fiscal. Moreover, the net interest cover of the firm has also declined from 3.0 times to 2.7 times that provides marginal safety net for the firm in the current sluggish business environment. The declining stock turnover (in days) year after year is a good sign. In fact, it also establishes the declining needs of the working capital for your business. We have worked out the working capital requirement for your firm based on the information provided by you. The increased working capital requirement for the projected sales of  £1,550,000 is likely to be  £167,000 (working in annexure A). Considering the strength of your balance sheet and increased worki ng capital requirement, our bank increases existing overdraft limit from  £90,000 to  £180,000 and that should be adequate to meet your requirements. Our bank is in receipt of your loan request to increase the overdraft facility to  £10,000. We understand that you have to meet some essential expenses such as school fees for your son. Kindly find our detailed reply to your loan application in the following paragraphs. We extend overdraft facility to our valued customers essentially to meet some contingencies and sort out temporary cash flow issues when you fail to receive your dues in time. Though you started with initial overdraft of  £2,000 it has steadily increased and has reached to  £3,600. We notice

President Bush and President Clinton Essay Example | Topics and Well Written Essays - 750 words - 1

President Bush and President Clinton - Essay Example ar threat from North Korea , blown open the federal budget deficit, presided over economic recession and weakness, overseen an historic gap between corporate profits and worker compensation, and ignored menacing environmental issues such as pollution and global warming. There is no doubt that Bill Clinton was a far superior leader and far more worthy of the respect, admiration and gratitude of Americans. The reputation of the United States is the first area in which the difference between Bush and Clinton is stark. Under Clinton, the United States respected multilateral agreements, sought consensus among the international community on matters of great import, projected the power of the United States in a non-arrogant manner, and respected human rights. For example, Clinton pursued and successfully achieved treaties that grew and strengthened international trade, such as the North American Free Trade Agreement (NAFTA) and the General Agreement on Tariffs and Trade (GATT). He also helped negotiate the Kyoto Protocol against global warming. In addition, he utilized U.S. military power when necessary and within the context of NATO, as was the case in Kosovo. Because of his active solicitation of and respect for the opinions and influence of other nations, the United States enjoyed a high degree of respect and admiration throughout the world. On the contrary, Bush has led the U.S. to an all-time low in its image abroad. Virtually from the beginning of his presidency, he has pursued an all-out assault on the international progress that took eight years to achieve during the Clinton administration. He immediately backpedaled on security assurances that had been made to North Korea, effectively provoking that country to resume nuclear weapons development and causing them to return to caustic anti-American propaganda and posturing. In addition, he pulled out of the Kyoto accord on global warming, effectively leaving much of the rest of the world high and dry when it comes