The two retail companies picked are Walmart and Costco whose 2017 Financial statement links are provided below: WALMART https://www.nasdaq.com/symbol/ wmt/financials?query=income- statement COSTCO https://www.nasdaq.com/symbol/ cost/financials?query=income- statement Both organizations are well known brands and position themselves well with their customer base. Walmart’s value proposition is “We save people money so they can live better”. On the other hand, Costco’s value proposition is “All-in-one convenience and everyday affordability”. Both retailers focus on cost saving for their customers. Looking at their financial statements and by analyzing them a few key areas are evident when comparing the two organization. Looking at the current ratio and quick ratio we can determine the short-term solvency of each organization. The current ratio can be determined by dividing the assets by the liabilities. Walmart’s current ratio sits at 0.86 while Costco’s sits at 0.99. The quick ratio is c...
With the cyber revolution, in came the crime, that is cyber crime. The blessing of internet has it`s curse within itself. The web world has brought the world in one`s finger tips in seconds. There are numerous merits of it, no more delay in mail delivery, no more standing in long queue for paying utility bills or purchasing railway or airline tickets. Sitting right in your drawing room, with home comfort you can book hotels all over the world! One could not imagine this even just a decade ago, in many parts of the globe.
Let us see the other side of it. The fraudsters are also out there. Recently in Kolkata, India at least 14 ladies were cheated or black mailed by cyber criminals. The trap was laid in chat site. In fact the in these chat sites most of the people use pseudonym, hide there actual identity. This prevents police to initiate any action against criminals.
Let me narrate a single episode. A guy with a false name managed to developed intimacy on chat site with an elderly lady. Obviously she was rich, lonely. Usually they are more prone to be the victims. Considering the guy trustworthy she invited him to her house. On his first visit, he appeared to be educated, cultured and amiable. However, the guy did not approve the decoration of her household and readily offered his help for renovation. The gullible lady offed him Rs40000/- in cash to start the job in his second visit. He never made a third visit to her home!
More or less all the victims are having the similar kind of experience. When they turned up to seek police help. Found that police too are help less without a clue.
Recently, law has been enacted, that cyber cafes are required to keep records for their users, verifying users identity. Hope this will lesson the problems in tracking the culprits. But unless the people are more concerned and informed about such crimes and take preventive steps , it will never cease to recur.
Let us see the other side of it. The fraudsters are also out there. Recently in Kolkata, India at least 14 ladies were cheated or black mailed by cyber criminals. The trap was laid in chat site. In fact the in these chat sites most of the people use pseudonym, hide there actual identity. This prevents police to initiate any action against criminals.
Let me narrate a single episode. A guy with a false name managed to developed intimacy on chat site with an elderly lady. Obviously she was rich, lonely. Usually they are more prone to be the victims. Considering the guy trustworthy she invited him to her house. On his first visit, he appeared to be educated, cultured and amiable. However, the guy did not approve the decoration of her household and readily offered his help for renovation. The gullible lady offed him Rs40000/- in cash to start the job in his second visit. He never made a third visit to her home!
More or less all the victims are having the similar kind of experience. When they turned up to seek police help. Found that police too are help less without a clue.
Recently, law has been enacted, that cyber cafes are required to keep records for their users, verifying users identity. Hope this will lesson the problems in tracking the culprits. But unless the people are more concerned and informed about such crimes and take preventive steps , it will never cease to recur.
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