Econometrics Essay Example | Topics and Well Written Essays - 3750 words

Econometrics - Essay Example Macintosh despite everything sells its PC straightforwardly to the clients utilizing an online store through different outlets in the worldwide space (Geweke, Horowitz and Pesaran, 2008). Simultaneously, Apple stores sell its items by means of other retail outlets, for example, the mass-showcase merchants. By examination, Apple and Gateway are practically equivalent in their size. They likewise react to their business challenges utilizing comparable market systems. The two firms are encountering different noteworthy challenges in the current market. The passing of Steve Jobs especially influences Apple’s stock return and makes it decrease in its whole economy and money related execution. This is particularly evident with the deals of PCs. The bookkeeping practices of Apple Inc. are firmly agreeable with the worldwide norm and give a declining execution in correlation with the Jobs time. The two organizations Apple and Gateway show an incomes decrease for the years somewhere in the range of 2011 and 2013. Apple declined by 16.7% while Gateway declined by 14.6% from 2012 to 2013. Throughout the fall in income for the two organizations, Apple figured out how to decrease its working use by 4%. In the occasion, Apple is working income decreased by 43 % (Angrist and Pischke, 2010). Apple likewise had positive outcomes from its speculations just as in the intrigue pay. Then again, Gateway experienced negative outcomes in similar angles. The aggregate effects of the various exhibitions were extremely poor for Gateway rather than Apple. Between the year 2011 and 2013 Apple declined in net gain by 54.7%. Apple had a groundbreaking operational return undoubtedly. Its fast proportion had multiplied. Benefit and Return on Equity expanded very nearly multiple times while its stock administration expanded in excess of multiple times quicker. These variables were the main impetus for the principal budgetary highlights and contrasts. The crucial factor for the negative advancements in Apple after the

Different Topics Writings

The accompanying sentence is a case of Engfish: â€Å"The Nixon years are maybe the most all around recollected and least overlooked according to the American individuals. † I picked this model since it was a sentence that I really composed for a history paper. In the wake of realizing what Engfish was, I was somewhat shocked to discover this sort of writing in my OWN papers! In addition to the fact that I stated that the Nixon years were the â€Å"most† very much recollected that, I proceeded to additionally explain the way that they were likewise the â€Å"least† forgotten.Of course, it's implied that if something is the most recalled that, it is additionally the least overlooked, yet without my own voice yet found, and not recognizing what my educator â€Å"wanted† or â€Å"was looking for†, I composed like this †to occupy space and sound more formal. Taking a gander at it now, it appears to be amusing. I could have just composed, â€Å"no one will ever overlook the Nixon years†. Let’s not overlook â€Å"in the eyes of the American people†.First of all, individuals don’t recall things in their eyes, and more than the American individuals will recollect the Nixon years. In the event that I needed to limit the subject, I could have composed, â€Å"America will always remember the Nixon years. † Fabulous Reality: The fenced-in school yard reverberated of ricocheting balls, hop rope drones, creaky swing chains and the crashing of enthusiastic kids pushing and pulling going back and forth. At the front of the one story building was an indication that said â€Å"Parent Teacher Conferences Oct. 27-29 and Fall Festival October 30†.On the west side of the boring block fabricating that confronted the stone and black-top play area, there were some split windows taped with conduit tape outwardly, while children’s craftsmanship and beautiful drapes adorned the inside. The blocks of t he medium estimated fabricating were enriched with dark scrawls from shower paint jars. Adolescents †former student of the structure †expressing that they had been there, whom they cherished, and what instructors they detested. In the midst of the scrawls emerged a huge yellow smiley face, totally round with oval eyes and a wide dark grin. There was a bleeding shot gap in its head.Metaphor/likeness 1: My life partner is superior to the best server at the best eatery. He regards my emotions as though they were the most significant porcelain dishes, with delicate gloves, and brisk and light consideration. He waits in my neck to get my fragrance as would a wine sweetheart with a jug of recently opened wine. He has an artist’s eye for my eyes, gazing at them and contemplating them to discover what lies underneath. I feel like a million bucks and he is the mogul, keeping close tabs on me, however allowing me to develop and work into something more as he the two parades a nd secures me.Metaphor/comparison 2: The child’s coos are better than the best melody at any point created or heard. Her eyes are more lovely than the reflection off of the dark blue water when it gets the sun on its most splendid days. Her grin is as earnest as her parent’s love for her. Her cries are just impressions of need, not misery. At the point when others are around her, her delight is spread as effectively as warm margarine on warm bread. Her excellence is as obvious similar to her reality. This small child young lady brings more warmth and delight than a Christmas day fire, yet she doesn't have any acquaintance with it.

A Psychological Perspective of The Turn of the Screw Essay -- Henry Ja

A Psychological Perspective of The Turn of the Screw  â â â Henry James was one of the popular scholars during the nineteenth and mid twentieth hundreds of years. He was known as an inventive and autonomous author. One of James' books, The Turn of the Screw (1898), has caused a great deal of contention among numerous pundits, and every one of them has had a specific translation. James' exploratory writing fabricated a nearby association between his novel and his perusers. The responses of the perusers toward The Turn of the Screw can be investigated mentally by breaking down how James built up his story utilizing sketchy occurrences, an inconsistent storyteller, unforeseen changes, an intriguing introduction, and compelling pictures and words. The impacts of James' composition on his perusers can be clarified unmistakably from a mental viewpoint. Perusers have their individual observations and encounters which are characterized as sense of self. Sigmund Freud called attention to that under the impacts of the outer world, the sense of self begins to respond in different structures, for example, putting away, adjusting, learning, or battling against outside occasions (2). The outer world incorporates all the things occurring outside human personalities, for example, exercises, in actuality, in films or in books. At the point when perusers respond to the practices of the Governess and different characters in The Turn of the Screw, it implies their self image reacts to the story that is the outer world for this situation. Since the recognition and encounters of every individual are not the same as the other, the responses to this novel are changed. Additionally, James' story was written in a modern way, which is probably going to prompt complex responses. Henry James capably has his perusers coordinated into his story. While the perusers are understanding T... ...Screw. Works Cited Auchincloss, Louis. Perusing Henry James. Minneapolis: University of Minnesota Press, 1975. Freud, Sigmund. An Outline of Psycho-Analysis. New York: W. W. Norton and Company, Inc., 1969. James, Henry. The Turn of the Screw. The Turn of the Screw and Other Short Novels. New York: New American Library, 1995. Luckacher, Ned. 'Hanging Fire': The Primal Scene of The Turn of the Screw. Henry James' Daisy Miller, The Turn of the Screw, and Other Tales:. Ed. Horold Bloom. New York: Chelsea House Publisher, 1987. 117-132. Nunning, Ansgar. Questionable Narrator. Encyclopedia of the Novel. Ed. Paul Schellinger. Chicago: Fitzroy Dearborn, 1998. 1386-1388. Wagenknecht, Edward. The Tales of Henry James. New York: Frederick Ungar Publishing Co., 1984. - . Seven Masters of Supernatural Fiction. New York: Greenwood Press, 1991.

The Future of Printed Books in the Digital Age Essay #2 - 550 Words

The Future of Printed Books in the Digital Age #2 (Essay Sample) Content: The Future of Printed Books in the Digital AgeStudents NameUniversity AffiliationThe Future of Printed Books in the Digital AgeBooks are cultural tools, which have undergone considerable changes since their inception. In the early times, books took the form of stones and clay tables, which, due to technology, evolved to the modernly printed book. Despite changes, the objective of books remained the same, which is, storing and preserving information. The storage and preservation of information have made it possible over the years to gain substantial knowledge. Therefore, the printed book will forever remain the most useful invention in learning (Bruccoli, 2007). On the other hand, professionals from libraries and publishing groups have commented that, the future usage of the printed books is on the decline taking into account the swiftly evolving technologies. The fear arises because digitalization has made it possible to provide printed books in electronic forms known as e-books, which has made it easier to access information. The threat is significant considering the wide usage e-books as the primary electronic contents in learning (Buzzeto-More, Nicole, Elaboid, 2007). The question on the future of printed books in the digital age has induced mixed reactions. While some scholars feel that printed books will survive the digital age, others have commented that digitalization will cause the death of printed books. Scholars in opposition to digitalization suggest that, digitalization of printed books reduces them to mere objects on the screen, which disqualifies them as books. E-books do not allow for sustained reading, which will result to poor reading techniques (Bruccoli, 2007). The supporters of digitalization have referenced the extensive usage of handheld devices, and the computer. The devices enhance portability of e-books and people can access e-books at their convenience. However, handheld devices battery life, readability, screen size a nd slow page turning are challenges that have continued to persist. Then again, it is undisputable that it is easier to trace words on a computer than when using the printed book. The availability of printed books online has resulted to copyright issues, which has seen many authors seek digital encryption, whereas others have denied access to their books (Buzzeto-More, Nicole, Elaboid 2007). In terms of profitability, some e-books are accessible free of charge, and authors are on the verge of losing money. Therefore, some authors are likely to follow a printed approach rather than the e-book approach to ensure they earn a living from the same. It is notable that the some societies are not in favor of printed books, but this does not make it conclusive that printed books will no longer feature in the society. In this context, the Digital Publishing Forum reported in the year 2006 that, despite the high numbers of hours spent by people on computers, people do not read at length on th e computers. Therefore, some will prefer printing when the reading material is three to four pages (Buzzeto-More, Nicole, Elaboid, 2007). Digitalization is dependent on the internet, ... The Future of Printed Books in the Digital Age Essay #2 - 550 Words The Future of Printed Books in the Digital Age #2 (Essay Sample) Content: The Future of Printed Books in the Digital AgeStudents NameUniversity AffiliationThe Future of Printed Books in the Digital AgeBooks are cultural tools, which have undergone considerable changes since their inception. In the early times, books took the form of stones and clay tables, which, due to technology, evolved to the modernly printed book. Despite changes, the objective of books remained the same, which is, storing and preserving information. The storage and preservation of information have made it possible over the years to gain substantial knowledge. Therefore, the printed book will forever remain the most useful invention in learning (Bruccoli, 2007). On the other hand, professionals from libraries and publishing groups have commented that, the future usage of the printed books is on the decline taking into account the swiftly evolving technologies. The fear arises because digitalization has made it possible to provide printed books in electronic forms known as e-books, which has made it easier to access information. The threat is significant considering the wide usage e-books as the primary electronic contents in learning (Buzzeto-More, Nicole, Elaboid, 2007). The question on the future of printed books in the digital age has induced mixed reactions. While some scholars feel that printed books will survive the digital age, others have commented that digitalization will cause the death of printed books. Scholars in opposition to digitalization suggest that, digitalization of printed books reduces them to mere objects on the screen, which disqualifies them as books. E-books do not allow for sustained reading, which will result to poor reading techniques (Bruccoli, 2007). The supporters of digitalization have referenced the extensive usage of handheld devices, and the computer. The devices enhance portability of e-books and people can access e-books at their convenience. However, handheld devices battery life, readability, screen size a nd slow page turning are challenges that have continued to persist. Then again, it is undisputable that it is easier to trace words on a computer than when using the printed book. The availability of printed books online has resulted to copyright issues, which has seen many authors seek digital encryption, whereas others have denied access to their books (Buzzeto-More, Nicole, Elaboid 2007). In terms of profitability, some e-books are accessible free of charge, and authors are on the verge of losing money. Therefore, some authors are likely to follow a printed approach rather than the e-book approach to ensure they earn a living from the same. It is notable that the some societies are not in favor of printed books, but this does not make it conclusive that printed books will no longer feature in the society. In this context, the Digital Publishing Forum reported in the year 2006 that, despite the high numbers of hours spent by people on computers, people do not read at length on th e computers. Therefore, some will prefer printing when the reading material is three to four pages (Buzzeto-More, Nicole, Elaboid, 2007). Digitalization is dependent on the internet, ...

Essay The Importance of Music Education - 1936 Words

Opening the invigorating article, â€Å"Why Music Education? 2007† having so many atrocities pulling the world apart, music is a great way for bringing people together (9). Diagnosed with a severe case of autism and blindness at birth, Derek Paravacini is viewed as a music savant. He has the extraordinary ability to play a music piece after just hearing it. Derek has been engrossed by the piano since the age of two and has been performing around the world since the age of nine. From studying various music genres, at age 32 he his able to transform an elegant classical piece into an upbeat jazz piece. His virtuosity has no limit as he continues to absorb every bit of knowledge pertaining to music. School boards that are cutting music†¦show more content†¦With a music education, some students who lack the money for an advancement in musical interests benefit in their educational career more than students in upper class communities. Catterall writes that students in low- income communities do better in schools with music programs (1).According to the article â€Å"Benefits of Musical Education†, in schools providing high- quality music educ ation programs, standardized tests score higher than the schools that offer deficient music education programs, despite the socioeconomic level of the community (1). With higher scores on tests, the school’s community will take more pride its school, in turn giving the school more support. Research proves that schools that provide a music education prosper far more efficiently in other qualities other than just rewarding grades. With challenging classes that students struggle with, art based programs offer a moment of relief in a student’s day. In the acclaimed article Students in music programs have better attendance records and prove to be more active in community affairs (â€Å"Benefts†¦Ã¢â‚¬  2).Having the ability to express one’s self through music will potentially keep that student from expressing themselves in hoodlum activities, helping the community obtain safety. In the acclaimed article â€Å"Why Music Education? 2007† the author explain s programs of music not only benefit kids in school, but the community as well (2). Music not only benefits a person inShow MoreRelatedThe Importance of Music in Education1426 Words   |  6 Pages2015 Final Paper The Importance of Music in Education Whether we choose to believe it or not, music is a very present thing in one’s day to day lifestyle. From turning on the radio in the morning, to listening to it while grocery shopping, putting in our headphones while we study, music is always there. Music is also extremely underrated, which is why so many public schools are constantly threatening to take away music programs all the time. But why is music education so vital in the growth ofRead MoreThe Importance Of Music Education790 Words   |  4 PagesTime Music education is a subject in school that should be essential for all students. If students continued to expand their music education, they would have higher test scores in subjects such as math and English. Having a school system where everyone is able to benefit from a school wide requirement of music education. Music education will help improve student test scores and improve students language development. Students who take music classes have higher test scores. Music education helpsRead MoreThe Importance Of Music Education2171 Words   |  9 PagesThe Importance of Music Education Perhaps the largest distinction between humans and all other animals on earth is the ability to both create and appreciate fine art. The musical art form has existed for thousands of years, and has allowed different cultures to express themselves and connect with one another. The most primitive sounds were simply drum hits and clapping, but over time music has grown in sophistication. Now, complicated symphonies can be heard in halls all across the world, with aRead MoreThe Importance of Music Education Essay951 Words   |  4 Pagestoday’s society? Some say that music education is a waste of valuable resources, takes time away from academic subjects, is noisy and distracting, when in reality this is false. Music is a valuable resource that every human being should enjoy. Although our economy has been failing lately, we should not let ourselves believe that the only way to be productive is in a field that makes us unhappy, like computers or science. In America’s recen t economic downfall, music education is commonly one of the firstRead MoreThe Importance of Music Education Essay885 Words   |  4 PagesImagine a world without music; it would be an extremely boring and quiet place to live. Music is found in every kind of culture and has been used for thousands of years as a means of expression. Music can deliver a message; it can be used as a vehicle for poetry; it can be appreciated for its aesthetic qualities, or it can serve as nothing more than entertainment. Recently, many studies have been conducted proving that music is vital to a childs education and development. However, many schoolRead MoreThe Importance and Effects of Music Education Essay examples1944 Words   |  8 Pages Music evaluated as a subjects that is many times overlooked. If a school seems to have financial trouble, then music and art programs are the first to get cut. Essentially, students do not need them to succeed and they are just hobbies. This is the mindset that many school boards have towards music education. I have had the pleasure of being involved in music from a young age. My schools did not offer music programs, but my parents saw an opportunity in music education so they decided to lookRead MoreEssay on The Importance of Music Education in the School Curriculum2336 Words   |  10 PagesMusic is all around us, yet many of us do not understand it. A simple man with an office job that you pick randomly off the street could most likely tell you the basic rules of American Football, and yet that same man could have never played football in his life before. If you asked that same guy the basics of the music he is listening to, I bet you would get a blank stare back. My argument relates directly to schools so many people can reason football is not technically taught in school, but whatRead MoreHigh School And The Neural And Scholastic Benefits Essay1626 Words   |  7 PagesGerald Ford said, â€Å"Music education opens doors that help children pass from school into the world around t hem a world of work, culture, intellectual activity, and human involvement. The future of our nation depends on providing our children with a complete education that includes music.† Music can do so much for the youth of the nation because it encourages group cooperation, independent study, and a way to relax. It has often been debated whether the benefits of music in school are significantRead MoreLiterature Review on Music Education Essay1000 Words   |  4 PagesLiterature Review This complex problem of music education has been studied for many years. Some disciplines go off of one another to conduct studies and analyze one’s results. Music educators tend to study how music education came to be. They are huge advocators for music education because of the benefits that come with the programs. Psychologists have studies done around the world to see what the affects of having knowledge in the subject of music are. With so many studies done, there are so manyRead MoreSchools Should Provide Better Funding For Such Programs1734 Words   |  7 Pagesschool years. Do you remember going to music classes? Learning how to pluck out simple songs on the piano, a xylophone, or a recorder; or learning how to sing out a catchy tune? Did you have as much fun as I remember having? This fun is about to come to an end for the coming generations. Public schools are beginning to cut music programs from their budgets altogether, so our children may never know the sweet sol ace of scratching out a simple song. Generally, music programs-- as well as fine arts as a

Working With College Students At California State University

I was drawn to working with college students when I moved into my residence hall as a first-year college student. When I moved into Jenkins Hall at California State University, Sacramento I found what would become my home for the next year. I became a part of the Residence Hall Association and a student leader in my community. I took on the position in order to help me as I transitioned into college, it helped with becoming accustomed to college and gave me a sense of belonging. Being the first in my family to go to college as well as a first-generation student I was given more opportunities than my families before me. There was nobody I could turn to with the questions I had about my college experience. For one of the few times in my†¦show more content†¦I believe that through the opportunity to research the different aspects of students’ lives I will learn different needs from both theory and practice. Throughout my life networking has been one of the areas that I have struggled with. The degree and the curriculum structure would allow me to grow both personally as well as professionally. The program will allow me to develop relationships through the structure of the cohort program. The cohort system will not only allow me to develop a network of systems within student affairs but will also give me the opportunity to become friends with like minded individuals. However, earning a graduate degree would be a stepping stone into beginning my career as a student affairs professional. The degree would allow me to begin by working in residence life which will contribute to my understanding of the importance of living on campus for overall student success. After obtaining the knowledge and skills necessary I will continue my education and obtain a doctorate which will allow me to conduct further research and take on more leadership roles within student affairs. The professional long-term goal is to become a Director for student retention and academic success at a university which will allow me to accomplish and bring together all of my three goals in one position. Personally, obtaining a master’s will allow me toShow MoreRelatedEssay For Executive Director954 Words   |  4 Pagesthe University of California Office of the President. I believe the University of California’s commitment to excellence, diversity, and access aligns with my vast experience, skills, values, and passion of working to ensure college access and opportunity for students. My extensive experience in the realms of K-12, Higher Ed, and UC Outreach make me an excellent candidate for this position. For more than twenty-seven years, I’ve worked to expand college preparation and access for students in CaliforniaRead MoreEveryone Will Benefit From Lower Tuition934 Words   |  4 Pageseducation. College costs have skyrocketed in the last decade. As Webley writes in her essay about student debt, â€Å"tuition is increasing at a rate double that of inflation† (Webley 131). Students are not only paying for tuition, which is an average of $8,244, they also are required to purchase books and mandatory meal plans, pay fees, and secure on-campus living (Clark). Students pay an average of $21,447 after all these costs (Clark). The cost of an education at a public university in California is wayRead MoreWhy Students Should Not Work934 Words   |  4 Pagesfor a college education is becoming increasingly inherent to upcoming students. Many students feel a need to work in order to pay for their education, but this can have mixed effects. Many fall off of their path of study a nd become entwined in a blue-collar life, they often cannot find their way out. A substantial amount of time and energy is required to flourish in college and a long shift at work can have a parasitic effect on a student’s academic potential. As a result working students find thatRead MoreA Proposal On A Modest Proposal1524 Words   |  7 PagesA Modest Proposal A college degree is becoming increasingly more valuable with many decent jobs requiring some sort of higher education. As more students prepare to enter college, many are faced with the escalating prices of not only tuition, but also other things such as textbooks and the cost of living. This problem has been especially prominent in California, particularly within the last month, due to the UC regent’s new and controversial plans for an in-state tuition increase of five percentRead MoreThe California State University System s Board Of Trustees1537 Words   |  7 Pages2017, the California State University system’s Board of Trustees voted yes to a tuition increase (Xia). Up until the morning before this decision arose, several California State University students were advocating for free tuition, or at least to stop this tuition increase, from Cal State Fullerton having postcards that can be signed to be sent to the Board of Trustees to students protesting in front of the Chancellor’s office in Long Beach (Xia). Although this battle was a lost for students, this isRead MoreOn March Twenty-Second, The California State University1386 Words   |  6 PagesOn March twenty-second, the California State University system’s Board of Trustees voted yes to a tuition increase (Xia). Up until the morning before this decision arose, several California State University students were advocating for free tuition, or at least to stop this tuition increase, from Cal State Fullerton having postcards that can be signed to be sent to the Board of Trustees to students protesting in front of the Chancellor’s office in Long Beach, students in this system statewide arguedRead MorePolitical Culture And Higher Education Regimes1738 Words   |  7 Pagesin order to ensure that all systems have a say in what policies are created to manage universities, with a Board of Regents directing over the state’s higher education. Both California and Louisiana’s systems operate differently, but have some similarities as well. California According to Kleiman and Gittell, political culture is â€Å"a combination of history and social factors,† and it has an impact on â€Å"state policies, including higher education† (in Brown et al., 2010, pp. 713). In California’sRead MoreCalifornia State University San Bernardino803 Words   |  4 PagesCalifornia State University San Bernardino California State University San Bernardino, located in the foothills of San Bernardino Mountains, serves over 20,000 students annually. The university has the most diverse student population of any university in the Inland Empire, and its listed among the best colleges and universities in the western United States ( The Princeton Review, 2015).The nationally accredited university has more than 70 traditional programs offered to students, which include baccalaureateRead MoreHow to Better a Community; Step One: College Students1711 Words   |  7 PagesJacob Schekman Julio Leal English 1A 6 July 2009 How to Better a Community; Step One: College Students â€Å"I went to a large state school – the University of Illinois – and during my time there, I became one of the best two or three foosball players in the Land of Lincoln. I learned to pass deftly between my rigid players, to play the corners, to strike the ball like a cobra would strike something a cobra would want to strike. I also mastered the dart game called Cricket, and the billiardsRead MoreThe Factors Influencing California Teacher Credentialing1130 Words   |  5 PagesTopic Proposal From the time California was admitted to the Union through today, the requirements for formal educators have continuously evolved. Multiple factors have influenced these changes. The economy, changes in immigrant communities, as well as scientific research on social emotional, physical and cognitive development of students. Changes in teaching style trends have also been influenced by the same factors. The success of the education system in California continues to be dependent on

Evaluation of Corporate Performance

Question: Discuss about the Term for Evaluation of Corporate Performance? Answer: Introduction Lockheed Martin Corp is a company manufacturing security and aerospace equipment. The company operates through five segments: Aeronautics This segment is concerned with research, design, development and manufacture of military aircraft. Aeronautics is chiefly involved in development of designs and prototype applications. The Advanced Development Program of the organization, known as the Skunk Works, has been focussing on unmanned aerial systems. Information Systems Global Solutions This segment is associated with applications and management of technology systems and information technology services for a wide range of applications. ISGS has been responsible for developing certain classified systems and services for Americas national security systems. The Hanford Mission Support system is one such program developed by the company for providing infrastructure and services related to site support to Americas Department of Energy, (Bakker Kloosterhof (ed.), 2010). Missiles Fire Control This segment provides defence systems, tactical missiles and precision strike weapons. MFC's primary programs include: The Patriot Advanced Capability3 (PAC3) and Terminal High Altitude Area Defence (THAAD) air and missile defence programs. The Special Operations Forces Contractor Logistics Support Services program is meant to provide logistic support services to special operation forces of U.S. military. The technical services business of MFC is meant to provide a wide network of technical and sustainment services for improving the missions of companys customers, catering to core markets in areas covering engineering servicesà Ã‚ ¾ Command, control, communications, computers, intelligence, surveillance and reconnaissance product supportà Ã‚ ¾ Global aviation solutionsà Ã‚ ¾ Counter threat services and education and sustainment services, (Bakker Kloosterhof (ed.), 2010). Mission Systems Training This segment is associated with combat systems. The primary programs of MST include: The Aegis Combat System, a fleet ballistic missile defence system which is also connected with sea based elements of the U.S. missile defence systemà Ã‚ ¾ The LCS, a surface combatant used by the U.S. Navy and designed to operate in shallow watersà Ã‚ ¾ MH-60 mission system and sensors, which includes the digital cockpit and weapons, used for the MH60 maritime helicopterà Ã‚ ¾ The TPQ53 Radar System, a sensor used by the US Army to locate and neutralize mortar and rocket threats. Space Systems This segment provides equipment for satellites, defence missile systems and space transportation systems. The Trident II D5 Fleet Ballistic Missile, a U.S. Navy program being used for launching of intercontinental ballistic missile by a submarine of the U.S. Navyà Ã‚ ¾ The Space Based Infrared System program, which is being used by the U.S. Air Force and is capable to detect and track the launch of missilesà Ã‚ ¾ An Advanced Extremely High Frequency system, which consists of communication satellites for the U.S. Air Forceà Ã‚ ¾ The Orion Multi-Purpose Crew Vehicle program, which is a spacecraft being developed for the National Aeronautics and Space Administration and is utilizing technology for human exploration missions beyond the low orbit of earthà Ã‚ ¾ Global Positioning System (GPS) III, a program which is being developed to modernize the GPS satellite system for the U.S. Air Force, (Bakker Kloosterhof (ed.), 2010). A Review of the Financial Statement Lockheed Martin Corp is a USA based multi-task, multi-purpose and multi-program organisation which is closely associated with the countrys military, space and national security programs. Incorporated in August 1994 in Bethesda, MD and having its Headquarters there since its inception, the organisation presently employs 126,000 people, who are looking after the companys five segments discussed above, (Ault, Arnold Gest, 2010). The companys current market capital outlay of $66,548 million, which is distributed through the companys 307,295,000 shares is held by the conglomerates 29,972 shareholders. The companys current share price is being quoted at $216.56 at NSY and the companys current PE Ratio stands at 18.897. With the current dividend declaration of $6.3, Lockheed Martin Corps present Earning Per Share (EPS) stands at $11.62, (Ault, Arnold Gest, 2010). Lockheed Martin Corp has been steadily increasing its Revenue Earnings since its inception in 1994 and has been consistently increasing its Gross Margin, which now stands at 11.27% and is among the highest in the segment, (Reynolds, Williams Savage, 2000). The robust structure and the management culture of the organisation is evident from the fact that the company has always shown a positive trend in its Operating Margin, which is currently at 11.78%. Another positive feature of the company, which again showcases the managements growth oriented policies, the consistency of services, the effective deployment of its manufacturing facilities and the range of products which it has been offering has helped the company show the financial accomplishments reflected in its financial statements, (Reynolds, Williams Savage, 2000). The management has also been efficiently managing and helping in the growth of companys Assets through proper planning and deployment of the assets for their growth and strength. This is reflected in the Asset Management policies and results which are showcased in the financial statements of the company. Asset Turnover is at 1.07, Inventory Turnover is reported at 10.44 and Receivables Turnover currently stands at 6.62. The efficiency of the management is also reflected in the 9.01 times turnover in the companys Property, Plant and Equipment, (Jorgenson Landon (ed.), 1993). When we look at the Financial Ratios of the company, we come across another bright spot in the managements acumen of managing people, finance and products. With a Quick Ratio of 0.65% and Current Ratio of 1.15%, the company has kept its lenders, investors and stakeholders satisfied and their loyalty has been reinforced in the managements policies by looking at the Net Current Assets to Total Assets Ratio at 4.36%. The Revenue to Assets ratio is also showing a healthy trend of the company at 0.94%. The management, as per (Richard (ed), 2014) not only kept the current assets under control, it was also instrumental in managing the debt situation of the company, by maintaining policies which were future oriented, provided growth of funds and kept the lenders loyal to the company. With a low ratio of 4.62 for Long Term Debt to Equity and maintaining Interest Coverage at 12.27 has been strengthening the companys future policies. The management also kept the Total Debt to Equity ratio at 4. 93, which is very close to the Long Term Debt to Equity ratio, (Richard (ed), 2014). Pro Forma Financial Statements Balance Sheet Income Statement Please Refer to Attached Excel Sheet. Ratio Analysis Liquidity Liquidity Ratio is the ratio between a companys liquid assets and its liabilities for a given period. For the current period ending 31 December 2015, this ratio for Lockheed Martin Corp stands at 0.65%. Financial Leverage The financial leverage ratio of Lockheed Martin Corp is the measure of the companys overall debt as compare with the assets of the company for a specific period. For the current period ending 31 December 2015, this ratio for Lockheed Martin Corp stands at 4.93%. Asset Management Asset Management Ratios measure the company management's success in managing its assets for generating revenues. These ratios are helpful in getting an insight into the success of the management's credit policy and inventory management. Under certain rules these ratios are also termed as Activity or Turnover Ratios. For the current period ending 31 December 2015, this ratio for Lockheed Martin Corp stands at 1.07. Profitability The companys Gross Margins and Operating Margin are the ratios which show the profitability of the company. For the current period ending 31 December 2015, these ratios for Lockheed Martin Corp stand at 11.27% and 11.78% respectively. Market Value The most common market value ratio is the Book value per share of a company. For the current period ending 31 December 2015, this ratio for Lockheed Martin Corp stands at 21.25%. Return On Equity For the current period ending 31 December 2015, this ratio for Lockheed Martin Corp stands at 110.97%. Economic Value Added For the current period ending 31 December 2015, this ratio for Lockheed Martin Corp stands at 38.93%. Synopsis Recommendations While analysing the financial data of Lockheed Martin Corp, it is evident that the company has been maintaining a robust financial, manpower and social governance culture, (Gibson Fraser, 2013). The loyalty of its lenders is evident from the fact that there are 1,400 institutions which have continuously reposed their faith in the abilities of Lockheed Martin Corp and its management. These institutions hold close to 82.83% of the companys share, numbering 286,310,309. In the current year, this faith of the institutions has shown a forward leap, when the shareholding pattern of the shares held by them surged to 90.58%. From the data released by NSY, this change has not resulted from the addition of new institutions, but has resulted because of an increased holding by the existing institutions, (Gibson Fraser, 2013). The robustness of the financial structure of the company is also shown by the surge in revenues for the period ending 31 December 2015 of three of the five segments of the company in comparison to revenues for period ending 31 December 2014, (Moens Jones (ed), 2013). These three segments are Aeronautics (from $14,920 million to $15,570); Mission Systems Training (from $7,147 million to $9,091); and Space Systems (from $8,065 million to $9,105). Only Information Systems Global Solutions (from $8,065 million to $9,105) and Missile Fire Control (from $8,065 million to $9,105) have shown a declining trend. Overall revenue receipts of the company have increased from $45,600 million to $46,132, (Moens Jones (ed), 2013). On the basis of these achievements which have become a kind of ritual for Lockheed Martin Corp, it is not out of context to recommend that this company can be treated as a role model not only for emerging entrepreneurs, management aspirants, share market investors and financial institutions but should also be considered as a worthy corporate citizen of the USA, a praiseworthy employer, a techno-giant of innovative ideas and a social corporation which has the welfare of society as its foremost goal. The advice of this author to investors, financial institutions and entrepreneurs is that they should look up to this company for emulating its ideas, ideologies and policies, (Schaffer, Agusti Dhooge, 2014). List of References Ault, H. J., Arnold, B. J. and Gest, G. (2010) Comparative income taxation: a structural analysis. (3rd ed.) Amsterdam: Kluwer Law International. Bakker, A. and Kloosterhof, S. (ed.). (2010) Tax risk management. Amsterdam: IBFD. Gibson, A. and Fraser, D. (2013) Business Law 2014. Frenchs Forest, NSW: Pearson Higher Education AU. Jorgenson, W. D. and Landon, R. (ed.). (1993) Tax reform and the cost of capital: an international comparison. Washington, DC: Brookings Institution Press. Moens, G. and Jones, R. (ed) (2013) International Trade and Business Law Review. Oxon: Routledge. Reynolds, W., Williams, A. J. and Savage, W. (2000) Your Own Business: A Practical Guide to Success. (3rd ed.) Sydney: Cengage Learning Australia. Richard, T.A. (ed) (2014) Professional Business Law Essays. New York: Richard TA. Schaffer, R., Agusti, F. and Dhooge, L. (2014) International Business Law and Its Environment. (9th ed.) Stamford, CT: Cengage Learning.