English class Essay Example | Topics and Well Written Essays - 500 words - 8

English class - Essay Example In general, it will be shown that 18 years olds are mature enough to make good judgment for themselves. Paragraph 3: The National Minimum Drinking Age Act of 1984 will be discussed in this paragraph. It will be shown that the interpretation of this Act does not actually prohibit the 18 years olds from alcohol drinking. Scholarly materials which take similar views will be highlighted. Paragraph 4: In this paragraph it will be shown that underage drinking still takes place and is harmful. Using statistics from various authority bodies, it will be shown that underage drinking is rampant and the current stand that only 21 year olds and above should be allowed to drink alcohol is not very reasonable. It will also be argued that it is because of this stand that underage drinking often leads to unfortunate situations such as binge drinking and consequential road accidents. Paragraph 5: In this paragraph I will show the significance of other decisions that 18 year olds make. The decisions I will talk about include that of voting. I will argue that if 18 year olds are allowed to make important such as choosing leaders, they should equally be allowed to make decisions on whether to drink alcohol or not. I will also talk about cigarette smoking in relation to alcohol. The argument here will be that smoking is more harmful than taking alcohol but yet 18 year olds can smoke but cannot take alcohol. Furthermore, it will also be shown that 18 years often face harder decisions than that of deciding whether to drink alcohol or not – for instance, 18 years olds often take part in military activities some of which may end their lives instantly, for instance, when they are in the battle field. Paragraph 6: To make my argument comprehensive, I will use this paragraph to respond to critics of lowering the drinking age to 18 years. Some of

How Coca-Cola Motivate Its Employees Research Paper

How Coca-Cola Motivate Its Employees - Research Paper Example The researcher states that since its inception in 1886, Coca-Cola had been patronized by millions of consumers globally. Now in its 129 years of business existence, Coca-Cola has announced organizational changes to enable sustaining market leadership in a mature market. The ability of the organization to institute strategies that adapt and adjust to changing needs of the times affirm their competencies of its leaders to manage change in an ever-transforming global environment. Previous news items announced Coca-Cola’s strategic changes in terms of reorganization of operating structure, as well as changes in leadership compositions. Other ventures in acquiring beverage companies were also noted; in conjunction with venturing â€Å"into unfamiliar territories, hoping for potential future growth†. The Coca-Cola Company has reported providing its employees with a comprehensive benefits package which includes the following: health and welfare, protection for the unexpected, workplace incentives, adoption assistance and quality-of-life benefits, and finally, financial rewards. Under the health and welfare benefits, the official website of the organization stipulated that the following incentives are provided to the employees: â€Å"Medical, Dental, Accidental Death & Dismemberment, Group Life Insurance, Dependent Life Insurance, Flexible Spending Accounts, Business Travel Accident Insurance, Short-Term Disability, Long-Term Disability, Survivors Benefits Program and an Employee Assistance Program with confidential counseling services†. Moreover, the financial rewards include educational benefits, retirement plans, discounts and conveniences, rewards and recognition, as well as Matching Gifts Program. The current workforce was reported to include as much as 130,600 associates and more than 700,000 system employees worldwide. With diverse plans to expand into other unfamiliar territories, it could be deduced that the workforce would continue to gro w and would adapt to the changing needs of the times. From among the announced changes, the composition of leaders was noteworthy. The North America market was divided into two (2) operating units: Coca-Cola North America and Coca-Cola Refreshments, which were led by newly appointed leaders. Likewise, another operating structure, the Coca-Cola Americas, was reported to cease in existence; where the affected structure, the Latin America group was allegedly transferred under the jurisdiction of Coca-Cola International.

Double Feed Induction Machine (DFIM) model in d-q coordinates system Research Paper

Double Feed Induction Machine (DFIM) model in d-q coordinates system. Induction Motomr example of application in practice (variable speed drives) - Research Paper Example The stator is fed by a fixed voltage sources while the rotor is fed by a variable source. Both the stator and the rotor are connected to a three phase power frequency. Mathematically it is convenient to express the three phase voltage concept of DFIM in a dq coordinate system. A (d, q) coordinate system refers to direct and quadrature axes along which current is aligned. A good example that shows the application of an induction machine is the Growian wind turbine that has DFIM as part of its energy regulating system (Anahua et al, 8). A Growian wind turbine which was first used in Germany the year 1977 could be among the first induction models in a (d, q) coordinate system. It came about as a result of three German utilities forming the Growian Company whose function was to design and test a huge wind energy alteration system. It had a variable speed drive with a teetered rotor that had full-span pitch and variable speed force train made of power electronics. The engineers came up with a trade-off between a generator whose frequency converter is in the stator circuit and a doubly fed induction machine whose frequency converter is situated in rotor circuit (Anahua et al, 56). It is characterized by the magnitude of aspect such as amount of voltage, speed, and flux. It is based on the assumptions the stator and rotor voltage acts as the input regulators depending on the flux density distribution, as well as, the electromagnetic condition. Additionally, the rotor current and stator flux also work as the variables. The converters control the rotor voltage to acquire the desired floe of current and the reactive power. The power reaction and resistance is viable in managing the magnetic saturation a transformation is clearly indicated by a mathematical equation. Disconnecting the machine from the grid, lead to a reduction of stator current to zero. This breaks the circuit which is an indication that DFIM model

The Warming of the Earth Essay Example | Topics and Well Written Essays - 500 words

The Warming of the Earth - Essay Example With the millions of people that call Earth 'home', the condition of the planet is one that many have sought to gather more information about, in order to understand the degree in which the planet may be in peril, as well as to what degree human actions would be responsible for it. "Throughout Earth's history, the climate has varied on many time and space scales. In that sense, climatic change is not new, and humanity has had to adapt to a constantly changing climate. Human action has itself had an impact on that climate. Until recently, the impact was local, but now there is concern that human activity, primarily through the emission of greenhouse gases into the atmosphere, is leading to a world-wide climatic change which is more rapid and more extreme than any encountered during human history," (Robinson & Henderson-Sellers, p.267). While the extent at which the climate of the planet has varied, so has the impact of its inhabitants. As humans increase their usage of such resources, the rate of global warming is steadily increasing, in conjunction with such behavior patterns. As is the case with many di

Marketing Analysis Essay Example | Topics and Well Written Essays - 500 words

Marketing Analysis - Essay Example (Anonymous, 2013) The marketing campaign of the memorial hospital is done using social media (facebook, twitter and YouTube), websites and print media as media channels. This marketing campaigns focuses on the on the marketing mix and the target market of the organization. This media channels are used to advertise the services that the hospital offers such as Addictions , Allergies and Rheumatology, Back, Neck and Spine Care, Behavioral Health ,Blood Disorders and Diseases , Care, Burn ,Cancer Care and Health. The hospital has used the media channels and this can be analyzed as follows; (Mark, 2012) I. Social media. This has mostly used by the hospital to reach a specific group. The social media which include the usage of facebook twitter and YouTube is usually commonly used by a large number of people across the globe. The hospital has used the social media at a smaller extend. This can be seen in the small number of followers in the twitter and facebook.The YouTube downloads also reveals a small number of customer accesses. The hospital uses this social media to target the youth group. II. Websites. The company has effectively used the websites. This has been done in such a way that it gives links to compare the services that it offers with other hospitals in terms of price, quality and the place. The websites also link the social media and gives a place for the feedback so as to evaluate the services for the better services. It also provides testimonials compared to other hospitals that do assume, this makes the hospital to be on the competitive advantage.The websites reveal the facilities which play a major role in advertising the hospital. (Mark, 2012) III. Print media. The hospital has adopted the usage of print media. The hospital has strategized in such a way that it uses the magazines that make lot of sales, the wall street journal, to advertise its products. This has been effective in the advertisement because most of the people often read the

Susan Hills Im the King of the Castle and L.P Hartleys The Go-Between Essay Example for Free

Susan Hills Im the King of the Castle and L.P Hartleys The Go-Between Essay A comparative study of the role of children and the presentation of the experiences in fiction as illustrated in Susan Hills Im the King of the Castle and L.P Hartleys The Go-Between. The world of the child is often one of intense emotion, confusion, pain and suffering and is a rich source of material for the novelist Having only been alive for about twelve years, the lead characters of Im the King of the Castle and The Go-Between are inexperienced. The intense emotion, confusion, pain and suffering that a child would go through is caused by this. Adults have the advantage over children. They have faced these things before and got through them; the knowledge and experience from childhood that they use to get through bad times as adults is what helps them. Not having such weapons, children react very differently. Im the King of the Castle has a prime example of a boy, Charles Kingshaw, being bullied and not knowing what to do; as this had not happened before, he does not have the experience. Leo, the main character of The Go-Between, is an example of how a pursuit of knowledge can harm a naà ¯Ã‚ ¿Ã‚ ½ve, inexperienced boy. A novel with children in these situations can be very emotional and is thus a rich source of material for the novelist. The similarities that these books hold become apparent very early on. The main character in both are boys and of roughly the same age. Both Leo and Kingshaw have a personality that makes them vulnerable to the bullying which takes place. Romantic, sensitive Leo was easily manipulated into being the go between for Marian and Ted; his imaginative nature meant that he would always wonder what was in the notes, but his ethical beliefs, based on a school boys code which everyone followed, meant he that could not read the notes as they were always sealed. In class and out I had often passed round notes at school. If they were sealed I should not have dreamed of reading them; if they were open I often read them indeed, it was usually the intention of the sender that one should, for they were meant to raise a laugh. Unsealed one could read them, sealed one couldnt: it was as simple as that. Kingshaw was also very imaginative; his encounter with the crow in the field gave him a weakness, which Hopper exploited. His imagination ran wild, terrifying him in the case of the red room and the crow. He thought that the corn might be some kind of crows food store, in which he was seen as an invader. Perhaps this was only the first of a whole battalion of crows, that would rise up and swoop at him. Get on to the grass then, he thought , get on to the grass, thatll be safe, itll go away. He wondered if it has mistaken him for some hostile animal, lurking down in the corn. He was both attracted and repelled by the red room and what it held, as Leo was with the deadly nightshade. I was prepared to dread [the deadly nightshade], but not prepared for the tumult of emotions it aroused in me. In some way it wanted me, I felt, just as I wanted it; and the fancy took me that it wanted me as an ingredient, and would have me. Though Kingshaw had a brief friendship with Fielding, and Leo had Marcus, they were both, to all intents and purposes, alone. Marcus, being ill, gave Leo the chance to start being the postman, and by the time he was well again Leo was too caught up in it. The more I thought about these expeditions in Marcuss company the more impractical did they seem and the less I liked the prospect of them. Nor, though I practised in deceit and an uncritical upholder of the no-sneaking tradition, did I relish the idea of deceiving Marcus not on moral grounds, for any system of ethics, as distinct from the school code, I barely recognised but because I felt it would spoil our relationship. If Marcus had been there the whole time, Leo would not have been able to start taking the letters. The fact that the boys were both in a new, strange environment, Leo visiting some rich friends and Kingshaw having to move in with these strangers as his Mother was hired as the housekeeper, did not help the feeling of being alone. The only person Kingshaw had was his Mother and, in an effort to fit in, his mother sided with Hooper over Kingshaw in most situations even though Kingshaw was innocent. Charles, how can you speak like that, how can you be so naughty? I didnt touch him. Then why ever should Edmund say that you did? I am quite sure he would have no reason to tell an untruth. Oh yes, he would, hes a sneaky little liar, hed say anything. Well I didnt touch him. Oh, what a way to speak! You make me so ashamed of you. In The Go-Between it was the adults, the supposed carers, who were doing the bullying. In a way, it was similar to Im the King of the Castle, as it was not only Hopper bullying Kingshaw, but the adults, too, bullying them into being friends and siding with Hooper. The similarity in the way the boys relate, Leo and Marcus in The Go-Between and Kingshaw and Hooper in Im the King of the Castle, is also different. Both pairs of friends are fighting physically and verbally. However in the case of Marcus and Leo it is in jest; it is the way they relate as friends, although they are almost rivals. Often when we talked there was a spirit of verbal rivalry between us; we trod the knife-edge between affection and falling out; Yet in the case of Kingshaw and Hooper it is meant as harm: Youd better shut the window, Kingshaw said, its my window now. Hooper turned, hearing the new note in his voice, considering what it meant, and hearing the tremor of anxiety, too. He raised his fists and came at Kingshaw. The scrap was brief and wordless and violent. After that first fight, Kingshaw realises he is capable of a violent act. Hooper has brought out violent impulses in Kingshaw that he did not know were there. Leo, however, never reacted violently to the bullying adults. Though both Kingshaw and Leo almost allow the bullying, Leo does not realise they are bullying him into taking the notes so reacts differently. Whereas Hoopers bullying is more obvious, Ted and Marian are more subtle. Leo does what Marian and Ted say because he likes them. He admires Ted as a male role model substituting for his father and he thinks he is in love with Marian. Also Ted exploits his quest for knowledge, especially about spooning, and his inquisitive nature. Well, [Ted] said, Lets make a bargain. Ill tell you all about spooning, but on one condition. I knew what he was going to say, but for forms sake I asked: What is it? That youll go on being our postman. I promised, and as I promised the difficulties in the way seemed to dissolve. Really he neednt have added that final bribe. Kingshaw, however, acted as he did because of his fear of Hooper. However the power did occasionally switched to Kingshaw. When they were in Hang Wood during the storm and when they were climbing the castle, Hooper became afraid, and Kingshaw was the King of the Castle for a little while, but the power always returned to Hooper. Leo never had the upper hand though. He kept taking the notes right to the end. The most obvious technical difference between these two novels is the narrative. The Go-Between is a first person narrative. It is Leo as an old man looking back at his summer in the house. This gives the story a bias as you can only see the thoughts of Leo, giving the reader a sympathy towards him. Im the King of the Castle is, however, in the third person narrative. In this way, it is more neutral. You can see the thoughts of all the characters, and feel a sympathy for each, in a different way. It helps one to understand the characters a little better. Like the opening of the novel where Mr Hooper comes back from visiting his dying father. I am only showing respect now, to behave towards my father as I should because he is dying, because he is almost gone away from me. This helps the reader see that Mr Hooper is a caring man yet is unable to show or act upon his emotions. Because of changing social circumstances, it is harder to understand the thoughts and actions of Leo. It is hard to accept his naivety. In our society, a twelve year old boy would have no difficulty in coming to the conclusion that these secret business notes were in fact love letters but in the 1900s there was no media or social acceptance of discussing personal relationships. Totally ignorant as I was of love affairs, and little as I knew about their conventions, I felt sure that when a girl was engaged to a man she did not write letters to another man calling him darling. She might do it up until the day of engagement, but not after. It was automatic; it was a rule: like leaving the wicket at cricket when you were out; and it scarcely crossed my mind that to comply with it might be painful. However the idea that a twelve year old boy might kill himself as a result of bullying is more believable as this still happens in todays society as it did in the 1950s. Both books have a suicide at the end though in Im the King of the Castle it was the bullied and in The Go-Between it was the bully. Though these books hold some similarities they are also quite different. Though they both present the children in the same way, having similar personalities and experiences, they present those experiences differently. The role of these children also differs; Kingshaw is seen as a victim, and, though Leo is a victim too, in some ways he is almost considered the hero of the novel.

Report for potential investors in tesco plc

Report for potential investors in tesco plc The purpose of this report is for potential investors who are considering buying shares in Tesco plc. The report creates an overall picture of Tescos financial position and provides an assessment of Tescos performance over the last three years. The information used to assess the financial position of Tesco was gathered from the Annual report of the last three years. This information was downloaded from the official Tesco website. From that, the ratios were calculated from the financial statements within the report. Results Ratios 2004 2005 2006 Change (%) Return on capital employed 13.99% 14.77% 17.29% 19.09% increase Net profit Margin 5.17% 5.76% 5.78% 10% increase Asset Turnover 2.72 times 2.56 times 2.99 times 9.03% increase Current Assets 0.56 times 0.57 times 0.52 times 8.77% decrease Quick Ratio 0.35:1 0.35:1 0.33:1 05.71% decrease Gearing Analysis 35.35% 34.52% 28.38% 19.72% decrease Interest Cover 7.75 8.31 9.46 18.08% increase Earning per share 15.05p 17.44p 20.07p 25.01% increase Dividend Cover 2.13 times 2.29 times 2.57 times 17.12% increase Introduction The aim of this report is to provide an assessment of the companys performance over the three year period to a group of potential investors in the company. So this report will use nine financial ratios which are useful for the investors to help them to identify and highlight area of good and bad performance of the company and area with significant change. Therefore this report will consist: brief overview of the history of Tesco and Then it will analyse the profitability, liquidity, investment analysis of Tesco plc. The report will also advice potential investors on whether shares in this company would be a good investment. Brief Background on Tesco plc It is best known that Tesco Company is the leading retailer in the UK and one of the largest food retailers in the world. The retail industry is a highly competitive market. Tesco competes with a wide range of retailers with a wide range sizes and there face increased competition from UK retailers as well as international operators. Tesco also sell non food goods such as electrical goods and clothing. In general Tesco is a successful profitable company which attract investors to invest in the company. General Financial Analysis It is well known fact that the financial ratios become important for investors to help them whether they should buy shares in the business, sell them, or hold on shares which already own them. Therefore ratios analysis helps investors to identify and highlight area of good and bad performance of the company and area with significant change. In addition, financial ratios explain the relation between different figures in the financial statements consequently we could calculate hundred of ratios fro a set of financial statements, because of this we need to know which ratio provide a good and useful information for the investors , the ratios which are applied incorrectly they may be completely useless and misleading. However if they are used correctly they are useful for understanding the performance of the company and interpreting the company account. Ratios describe the relationship between different items in the financial; however the relative usefulness of each ratio depends on what aspects of a companys business affairs are being investigated. In this case of Tesco plc, there are four elements of ratios that are been analysed. These are Profitability, Liquidity and Investment analysis. Return on Capital Employed (ROCE): The ROCE is an important measure of the profitability of a company. This is because it is a popular indicator of management efficiency by contrasting the net profit generated by the company with the total capital employed (traditionally, total capital employed in this case has been taken to be the long term funding). It does not only incorporate the funds the shareholders have invested, but also funds invested by banks and other lenders, and therefore shows the productivity of the assets of the group. ROCE = PBIT ÃÆ'-100 Capital employed 2006 = 2,280 ÃÆ'-100 9,444 + 3742 = 17.29% 2005 = 1,952 ÃÆ'-100 4,563 + 8,654 = 14.77% 2004 = 1,729 ÃÆ'-100 7,990 + 4,368 = 13.99 These calculations show that the return on capital employed has been on steadily increasing for the past three years. For 2006, the ROCE is 17.29% which is 1.94 % above the average for the three years. This indicates that Tesco is using its invested resources more efficiently and that by comparing with other leading retailers, they ROCE are higher. This shows that this figure is more likely to be acceptable to potential investor. Comparison on Return on Capital employed Year Tesco plc J Sainsbury plc Morrisons 2004 13.99 7.99 6.01 2005 14.77 -2.56 5.1 2006 17.29 3.73 -5.63 Average 15.35 3.053333333 1.826667 Net profit margin is another widely used ratio in the assessment of company performance and in comparison with companies in the same industry. Net profit margin = Profit before exceptional items, interest tax ÃÆ'-100 Revenue (turnover) 2006 = 2,280 ÃÆ'-100 39,454 = 5.78 % 2005 = 1,952 ÃÆ'-100 33,866 = 5.76 % 2004 = 1,735 ÃÆ'-100 33,557 = 5.17 % From the calculation, it shows that net profit margin has been increasing slightly which shows Tesco have kept control of its expenses. Group sales have increased consistently through 2004/05 by 9.4% and in 2005/06 by 14.33%. (Note: in order for comparisons, two different figures were used in 05 sales due to the implementation of IFRS while the comparison for 04/05 was accounted under the standard of UK GAAP). As for PBIT, there was not much increase in 2004/05, however between 2005/06 there was an increase of 14.16 %. Comparison on Net profit Margin Year Tesco J Sainsbury plc Morrisons 2004 5.17% 3.23% 6.19% 2005 5.77 -0.99% 2.12% 2006 5.78 1.43% 2.17% Average 5.573 0.012 0.035 This shows Tesco average on net profit margin for the past three years is way above the averages of other leading supermarkets. This illustrates that in 2005 and 2006, Tesco profit margin is miles ahead. From this it can be concluded that it is a profitable company which has kept control of its expenses. The Asset Turnover is a measure of how much sales are generated by the capital asset base of a company. Asset turnover = Revenue (turnover) Capital employed For Tesco plc, asset for the three years are as follows: For 2006 = 39,454 13,186 = 2.99 times For 2005 = 33,866 13217 =2.56 times For 2004 = 33,557 12,358 = 2.72 times this shows that asset turnover is slightly increasing. This is due to the fact that revenue has increased considerably from  £33,557 in 2004 to  £39,454 in 2006 Comparison on Asset Turnover Year Tesco plc J Sainsbury plc Morrisons 2004 2.72 2.47 0.98 2005 2.56 2.57 2.59 2006 2.99 2.61 2.59 Average 2.7566667 2.55 2.053333 This shows that Tesco is above the average asset turnover for the market. From this it can be concluded that Tesco is generating more sales from its capital base. Liquidity Analysis It is clear that liquidity ratios analysis important to the investors as liquidity ratios related to the capacity of business to pay its short term debt as become due, therefore the focus is on the relationship between current assets and creditors due within one year, since these measure short term sources of cash and short term calls on that cash, there are two commonly used ratios which highlight such a situation: Current ratios (current assets/current liability) The current ratio measure the relationship between the companys current assets and its current liability in Tesco Companys balance sheet shows the current asset for 2006 3991 and current liability of 7518, the current asset for 2005 3224 current liability 5680, for 2004 current assets 3139 current liability 5618 Current ratios = currents assets Current liabilities For 2006 = 3919 7518 = 0.52 times For 2005 = 3224 5680 = 0.57 times For 2004 = 3139 5618 = 0.56 times It can be seen from the results the current ratio for Tesco company is stable between 2004 and 2005, however it fell slightly in 2006, this is because of the fact that there was an increase in current liabilities. Quick ratios (Current assets inventories) / current liabilities The quick ratios ignore the stock and concentrates upon those assets which can be turned into cash, the quick ratios important for investors who want to take share in Tesco Company where stock is turned over quickly and the sales are mainly on a cash, consequently the quick ratios compares liquid current assets with current liabilities. For 2006 = 3919 1464 7518 = 0.33: 1 For 2005 = 3224 -1309 5680 = 0.35: 1 For 2004 = 3139 1199 5618 = 0.35: 1 As it can be seen from the results the quick ratios test follow much the same trend on average over the three years of 0.34, which shows low level of resources are tied up in inventory. It can also be concluded that Tesco does not have any cash flow problems and therefore the company is using its resources well. Gearing Analysis An important determinant of a companys capacity to develop is its funding structure. This very important as it enables the company to assess its capacity to satisfy its long term commitment. The financial structure of a business is an important consideration when assessing the financial health of any entity. The most commonly used structure is the Gearing ratio, which quantifies the relationship between debt and equity. The higher the ratio then the more vulnerable the company is perceived to be this is because there is a high and fixed call on its profit before equity can be satisfied. This means that a company that has high gearing will has deal with its long term commitment such as long term debt and this in turn means they will be less fund for payment such as dividend for shareholders. Gearing Ratio = Long Term Debt ÃÆ'-100 Capital Employed For 2006 = 3742 ÃÆ'-100 9444 + 3742 = 28.38% For 2005 = 4563 ÃÆ'-100 8654 + 4563 = 34.52% For 2004 = 4368 ÃÆ'-100 7,990 + 4,368 = 35.35 % From these calculations, it shows that the long term debt has been decreasing steadily for the past couple of years while on the other hand the equity of the company has been increasing steadily, which indicate the finances of the company as moving towards equity and less on debt. Interest cover ratio: It is important to recognize that the interest cover ratio is important for investors as they measure the amount of profit available to cover interest payable. The high interest cover ratio it means that the company or business is easily able to meet its interest from profit. in the same way a low value from interest cover ratio it means that the business is in danger to meet its interest obligations therefore the profit available to the shareholder will be very low. In Tesco company the measure of interest cover ratio as follow: Interest cover ratio = profit before interest and tax Interest charge For 2006 = 2280 241 = 9.46 For 2005 = 1952 235 = 8.31 For 2004 = 1729 223 = 7.75 The measure of interest cover ratio of Tesco within the last three years tells us that the company maintaining increase in interest cover ratio 7.75, 8.31, 9.46 as a result Tesco is able to meet its interest from the profit therefore the profit are sufficient to pay the interest it owes and the profit available to the shareholder increased from 1729m in 2004 to 2280 in 2006. Investment Analysis Potential investors who want to buy shares in a company want to be able to have the information they require to compare the benefit from their investment. There are two measures of benefit to the investor: One is the profit of the period (usually referring to the profit available for the ordinary shareholders). The other is the dividend, which is the amount actually paid to the shareholders. Earning Per Share (EPS) EPS is a widely used measure of business performance and progress, and importantly the percentage change from year to year should be monitored for the trend. It explains to an investor the kind of return they could receive for each share during the accounting period. Therefore, it is important ratio as earning per share works out the average amount of profits earned per ordinary share issued. In accordance with FRS 14 Earnings per share, EPS must be disclosed on the face of the income statement. This means that when producing financial statements companies must disclose the EPS figures for investors to see. EPS = Earnings (profit) Number of equity share in issue For 2006 = 1,570 7,823 = 20.07p For 2005 = 1,344 7,707 = 17.44p For 2004 = 1,100 7,307 =15.05p As it can be seeing there has been a steady increase of EPS for the past of years. This indicates that potential investors would have an attractable return on there shares Dividend Cover The dividend cover ratio is another important ratio for potential investors as it measures the proportion of available profits which are issued to shareholders and the amount which is reserved by the company. In another words, the dividend cover ratio tells the investor how easily a business can pay its dividend from its profit. Dividend Cover = Profit after tax Ordinary dividend For 2006 = 1,570 609 = 2.57 times For 2005 = 1,344 587 = 2.29 times For 2004 = 1100 516 =2.13 times The measure of dividend cover ratio of Tesco plc for the last three years has shown a steady increase. It increased slightly from 2004 to 2005 and again in 2006. A high dividend cover means that a company can easily afford to pay dividend. For the last year (2006), the dividend covers shows that for every  £2.57 made in the profit,  £1 was issued to the shareholders Investment Advice Sales have risen by 14.94 %to  £39,454m Pre-tax profits are up by 24%, with earning per share increasing by 25% in 2006 from 2004. This result shows the excellent performance from all aspects of Tesco strategy. This is an extract from the Directors report for 2006: The directors recommend the payment of a final dividend of 6.10p per ordinary share, to be paid on 14 July 2006 to members à ¢Ã¢â€š ¬Ã‚ ¦. Together with the interim dividend of 2.53p per ordinary share paid in December 2005, the total dividend for the year will be 8.63p compared with 7.56p for the previous year, an increase of 14.2% This shows that Tesco plc strong performance is been implemented in dividend as can be seen in the increase of payment. Tesco faces strong competition from other leading supermarket, however with the management strategy implemented by Tesco and their huge experience which has given them good image (every little help!) and trust in the market as a leading retailer. Therefore, it will be worthwhile investment for those who are interested in earning money through share price fluctuations to invest in Tesco. Conclusion This report has used nine ratios to analyse and interpret the financial position of Tesco plc. There are many other ratios that could be used and will also assist in the interpretations of the financial accounts. Although there are limitations to ratio analysis such as; ratios are based upon past performance and hence there are historical data. However ratio analysis is one of the best ways to analyse the financial performance of a company. This is because, it allows managers to spot any problems and therefore concentrate resources on that area. If ratio analysis is interpreted the right way then it can be useful tool of results which can be understood by accountants and non-financial users such potential investors.