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...
This happened about a month ago near Lonavala. A guy was driving from Bombay to Pune and decided not to take the new expressway as he wanted to see the scenery along the old road. The inevitable happened, when he reached the mountains. His car breaks down - he's stranded miles away from nowhere. Having no choice, he started walking along the side of the road, hoping to get a lift to the nearest town. It was dark and rainy. And pretty soon he got wet and started shivering. The night rolled on, and no car passed by. Suddenly he sees a car coming towards him. It slows down and nearly stops next to him. Without waiting or thinking a bit , the guy opens the door and jumps into the rear of car which starts moving by then.... Seated in the back, he leans forward to thank the person who had saved him. To his horror, he realizes there is nobody behind the wheel!!!........ Even though there's no one in the front seat, and no s...