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⏲ 11:30 👁 5K
The most important details of Leo Frank's defense were the inconsistencies in his testimony. Jim Conley testified that Mary Phagan had arrived at the Pencil factory before Monte Stover, but the motor, man and conductor of the trolley asserted that she had gotten off at 12:10. Most witnesses agreed that it would have taken at least one half hour for the murder and movement of the body to the seller, the writing of the murder notes and Conley's hiding in the wardrobe to occur. However, there were only 30 minutes between 12:00 and 1230 that Frank's time was not accounted for. The defense called more than 20 witnesses to corroborate Frank's version of when the murder happened, where Frank had been, and at what time.<br/><br/>The first two witnesses, W.H. Matthews, motorman, and W.T. Hollis, conductor of the English Avenue car, testified that Mary Phagan got on at Lindsay Street at about 1150 and was alone. Herbert Schiff, assistant superintendent of the Pencil factory, testified to the system of business, the preparation of the financial sheet, the procedure for paying off employees and how the pencils are made. Miss Maddie Hall Stenographer from Montague testified that she finished her work, left around twelve two and punched the clock, and that Frank did not make up the financial sheet that Saturday morning. Miss Corinthia Hall swore that she was the four lady for the factory and got there Saturday around 11:30 a.m. with Mrs. Emma Clark Freeman. Miss Magnolia Kennedy swore that she was behind Helen Ferguson and Helen Ferguson did not ask for Mary Phagan's pay envelope. On cross examination, she stated that Barrett called her attention to the hair and her machine was right next to Mary's. Mary's hair was a light brown sandy color and she did not see the blood spots on the floor. Wade Campbell, another employee, was the brother of Mrs. White who told him about seeing the Negro on Saturday.<br/><br/>Lemme Quinn, foreman of the factory, testified that 100 women worked at the factory. He noticed the blood spots at the lady's dressing room on Monday and was in the office and saw Mr. Frank between 1220 and 1225. Several witnesses later testified that Quinn advised them he had visited Frank prior to noon in the factory the Saturday of the murder. Harry Denham, one of the carpenters on the fourth floor, testified that he was hammering about 40 feet from the elevator on April 26. Minola McKnight, the cook for the Seligs, testified that she worked for Mrs. Selig and cooked breakfast for the family on April 26.<br/><br/>Mr. Frank finished breakfast a little after 07:00 and came to dinner about 20 minutes after one. Her husband, Albert McKnight, wasn't in the kitchen that day between one and 02:00. Mr. Frank left that day sometime after 02:00 and next saw him at 06:30 at supper. She left about 08:00 and Mr. Frank was still at home when she left.<br/><br/>
⏲ 1:30:42 👁 5K
How you can use financial statements? from pdj accounting
⏲ 3:30 👁 5K
<br/>The Price-Earnings Ratio (P/E ratio) is a popular financial metric used by investors to assess the valuation of a company's stock relative to its earnings. It compares the current market price per share of a company's stock to its earnings per share (EPS). The P/E ratio helps investors determine whether a stock is overvalued, undervalued, or fairly valued in the market.<br/><br/>The formula for calculating the P/E ratio is straightforward:<br/><br/>P/E Ratio<br/>=<br/>Market Price per Share<br/>Earnings per Share (EPS)<br/>P/E Ratio= <br/>Earnings per Share (EPS)<br/>Market Price per Share<br/>​<br/> <br/><br/>Here's a breakdown of the components:<br/><br/>Market Price per Share: This represents the current trading price of a single share of the company's stock in the market. It is determined by supply and demand dynamics in the stock market.<br/>Earnings per Share (EPS): This represents the company's net income (profit) attributable to each outstanding share of common stock. It is calculated by dividing the company's net income by the weighted average number of shares outstanding during a specific period.<br/>The P/E ratio essentially indicates how much investors are willing to pay for each dollar of earnings generated by the company. A higher P/E ratio suggests that investors are willing to pay a premium for the company's earnings, which may indicate expectations of future growth or strong performance. Conversely, a lower P/E ratio suggests that the company's stock may be undervalued or that investors have lower expectations for future growth.<br/><br/>The interpretation of the P/E ratio depends on various factors, including the company's industry, growth prospects, risk profile, and market conditions. Different industries and companies may have different typical P/E ratio ranges based on these factors. Additionally, it's important to compare the P/E ratio of a company to its historical P/E ratio, as well as to the P/E ratios of industry peers, to gain a better understanding of its valuation relative to its own historical performance and the broader market.<br/><br/>Overall, the P/E ratio is a widely used tool for investors to assess the relative attractiveness of a company's stock and make informed investment decisions. However, it should be used in conjunction with other financial metrics and qualitative factors to get a comprehensive view of a company's valuation and investment potential.
⏲ 4:34 👁 5K
The DuPont framework, also known as the DuPont analysis or DuPont identity, is a financial analysis tool that breaks down return on equity (ROE) into its component parts to provide insights into the factors driving a company's profitability and financial performance. It was developed by the DuPont Corporation in the early 20th century and has since become widely used by investors, analysts, and managers.<br/><br/>The DuPont framework decomposes ROE into three key components:<br/><br/>Profitability:<br/>Net Profit Margin: This represents the company's net income as a percentage of total revenue. It measures the company's ability to generate profits from its operations.<br/>Net Profit Margin<br/>=<br/>Net Income<br/>Total Revenue<br/>Net Profit Margin= <br/>Total Revenue<br/>Net Income<br/>​<br/> <br/>Asset Utilization (Efficiency):<br/>Asset Turnover: This measures how efficiently the company utilizes its assets to generate revenue. It represents the amount of revenue generated per dollar of assets.<br/>Asset Turnover<br/>=<br/>Total Revenue<br/>Average Total Assets<br/>Asset Turnover= <br/>Average Total Assets<br/>Total Revenue<br/>​<br/> <br/>Financial Leverage (Leverage):<br/>Equity Multiplier: This represents the degree of financial leverage employed by the company, indicating the proportion of assets financed by equity versus debt.<br/>Equity Multiplier<br/>=<br/>Average Total Assets<br/>Average Shareholders’ Equity<br/>Equity Multiplier= <br/>Average Shareholders’ Equity<br/>Average Total Assets<br/>​<br/> <br/>By multiplying these three components together, we can derive the DuPont formula for ROE:<br/><br/>ROE<br/>=<br/>Net Profit Margin<br/>×<br/>Asset Turnover<br/>×<br/>Equity Multiplier<br/>ROE=Net Profit Margin×Asset Turnover×Equity Multiplier<br/><br/>The DuPont framework helps identify the sources of a company's ROE and provides insights into how changes in profitability, asset utilization, or leverage can impact overall return on equity. For example, a company may improve its ROE by increasing its profit margins, generating more revenue from existing assets, or optimizing its capital structure to increase financial leverage.<br/><br/>Overall, the DuPont framework is a powerful analytical tool for understanding the drivers of a company's financial performance and identifying areas for improvement. It enables investors and managers to assess the quality and sustainability of a company's earnings and ROE by examining the underlying components in more detail.
⏲ 5:9 👁 5K
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