Humanitarian Intervention Essay -- Human Rights

The discussion of philanthropic intercession and the duty to ensure have been examined in universal relations talk all the more genuinely inside the most recent 60 years. The major chronicled advancements which have prompted an expansion in the power of these discussions have had useful and hindering consequences for Earth inside the most recent 20 years. A few components have added to this including; globalization, the ascent in worldwide responsibility, an expansion helpful awareness to keep significant outrages from happening, the extension of regional to worldwide obligation of the western world, and the acknowledgment of the western world that local sway no longer records for national security. To build up a supposition regarding the matter of compassionate intercession and how advantageous it has been to worldwide equity one must look at the establishments which were made to accomplish harmony, equity, discouragement, and global steadiness. The military courts following WWII for Germany and Japan called the Nuremburg and Tokyo preliminaries illuminated the victors of the incredible war. Subsequently the Allies felt it was fundamental to make a larger lawful arrangement of administration in the global range. These path set up that human rights infringement which once just offered ascend to state obligation currently could be indicted against people. These preliminaries additionally achieved the acknowledgment in the worldwide network that universal law can abrogate household law. In 1945 the United Nations was set up with the objective of making worldwide standards and arrangements which would carry request to the riotous universal political and legitimate reality. Pursuing WWII countries around the globe perceived the nee... ...asure of equity in the event that it is applied to all survivors of the Earth not just ones in which significant forces have personal stakes. Works Cited â€Å"The Failure to Protect, Again: A Comparative Study Of International And Regional Reactions Towards Humanitarian Disasters In Rwanda And Darfur† Hagar Taha http://soas.academia edu/HagarTaha/Papers/609868/The_Failure_to_Protect_Again_A_Comparative_Study_Of_ International_And_Regional_Reactions_Towards_Humanitarian_Disasters_In_Rwanda_And_Darfur â€Å"War Crimes Law Comes of Age† Theodore Meron â€Å"Counter-authoritative International Law† Balakrishnan Rajagopal â€Å"Essentials International Criminal Law† Slye and Van Schaack â€Å"R2P Alive and Well After Lybia† Thomas Weiss â€Å"The R2P Controversy† Ramesh Thakur and Mary Ellen O’Connell â€Å"Reflections on the Legality and Legitimacy of NATO’s Intervention in Kosovo† Nicholas Wheeler

Importance of Dean Moriarty in Jack Kerouac’s On The Road Essay

Significance of Dean Moriarty in Jack Kerouac’s On The Road It is Dean Moriarty, in Jack Kerouac’s On The Road, who speaks to the everlasting fire of youth that was embraced by the defiant youth culture of the Beat Generation. He is liberated from duty, â€Å"simply an adolescent immensely energized with life†¦want[ing] such a great amount to live and to engage with individuals who might somehow or another give no consideration to him† (Kerouac 4). Similarly as the Greek of the Olympics, â€Å"with [the] torch†¦[that] touches off the agnostic long for immortality† (Rodriguez 1), Dean epitomizes the practically interminable fire of youth, the endless â€Å"sideburned legend of the frigid West† (Kerouac 2). As â€Å"He was the BEATâ€the root, the spirit of Beatific† (Kerouac 195), Dean epitomized and still encapsulates the soul of the undying Beat Generation. Post-World War Two, the fifties saw the appearance of â€Å"juvenile delinquents, bikes, and cowhide jackets†¦[and the trendy people, who] received an ethic at chances with most Americans, and his qualities and perspective on the world before long turned into the Beats’† (Foster 8). The character of Dean Moriarty is truly and metaphorically the torch of the strong youth culture known as the Beat Generation, as he was one of â€Å"a youth enormously energized with life†¦the blessed extortionist with the sparkling mind† (Kerouac 5). The energetic franticness of life and insubordinate cheat ways of life revealed in the character of Dean Moriarty are emblematic of the age. Tim Hunt recommends that Sal Paradise, the hero or maybe the regular man, picks â€Å"his [Dean’s] romanticized rendition of Denver ghetto life†¦[this] speaks to the New World at its generally rebel and individualistic apex† (Hunt 39). Since Dean Moriarty holds this lighthearted and eager nature of the unconq... ... be undying himself, his activities and Beat are persevering through, that is, living inside On the Road everlastingly. As James Dean turned into an image and motivation for the Rebel, Dean Moriarty turned into the scholarly portrayal of the defiant Beat Generation, clutching that interminable flameâ€the energetic carelessness, the nice magnetism that can eventually found in youth. Works Cited Campbell, James. â€Å"The spot of dead roads.† This is the Beat Generation. Los Angeles: U of California Press, 1999. Cultivate, Edward Halsey. â€Å"Kerouac.† Understanding the Beats. Columbia: U of South Carolina, 1992. Holstad, Scott C. â€Å"Kerouac: A look.† Kerouac’s On The Road and the American Quest. 1999. 04 Jan 2002. Chase, Tim. â€Å"An American Education.† Kerouac’s Crooked Road. Los Angeles: U of California Press, 1996. Kerouac, Jack. On the Road. New York: Penguin Books, 1976.

Islamic Essay Topics in Urdu

Islamic Essay Topics in UrduIt is not always easy to decide on the right essay topics for Islamic essay. The Islamic countries make up for a huge amount of the world's population. While it is difficult to pinpoint a specific topic, it is important to consider various factors in order to make the best decision possible. Here are some pointers for the above-mentioned topic:The Islamic religion can be a very complicated topic that is capable of making even the most informed non-islamist scholars flustered. For instance, it is vital to research the religion if one wants to know more about it. This can be a challenge because there are so many books and magazines available in the market. There are also various websites online that provides free information about Islam. This helps one to get all the basic facts that they need without any hassle.In addition to the written word, a person can also learn more about the basic principles of Islam through the use of modern concepts. This includes having a look at the Prophet's sayings and the Imams' sayings. It is ideal to read up on these ideas from reliable sources, especially if one is a practising Muslim. A lot of students are not aware of these things and end up misunderstanding their beliefs.One of the most interesting topics for an essay on Islam is the use of talaq-ridda. The use of this is commonly found in wedding speeches. It is used by the bride to console her husband when he is crying during the ceremony. This helps her retain her composure and becomes strong enough to give her speech to the audience. These speeches can help a lot in communicating with the audience.Another thesis topic that can help a lot in writing is the Arabic language. Through a thorough study of the language, one can learn a lot about the culture of the countries that use the language. It is also possible to identify which country uses which dialect and its origins.Islamic studies is another great topic for a college essay. This can be done through a variety of ways. One can take a look at the Islamic history or even the lives of the founding fathers. In addition to this, one can also find out about the culture of the countries where the Prophet spent his time.It is also possible to choose essay topics that will involve the history of different regions and religions. This means that there will be a specific region that will be highlighted in the written word. The information gathered in this way can be of great help for the future generation.There are many options open to students that would like to have a topic that they can write about. The best way to research a topic would be to search for the required subjects through the Internet. This is possible because there are plenty of websites that provide a lot of topics that are related to Islamic studies.

Drilling for Oil in the Artic National Wildlife Refuge

The United States should not drill for oil in the Artic National Wildlife Refuge because it would harm the environment, disrupt the animals, and destroy plants. The United States Congress created the Artic National Wildlife Refuge in 1980 (To drill or not to drill?: 6). The Artic National Wildlife Refuge is also known as ANWR (To drill or not to drill?: 6). The Artic National Wildlife Refuge is 19.6 million acres of wilderness (Scalzo, Jim Lo.: 37). Of the 19.6 million acres in the Artic National Wildlife Refuge 17.5 million acres are permanently closed to development. The Arctic National Wildlife Refuge is often called the American Serengeti (Defenders of Wildlife). The Artic National Wildlife Refuge lies in the northeast corner of†¦show more content†¦Pipelines and oil-drilling platforms will harm caribou, polar bears, and millions of migrating birds (Come on in.: 38). Whenever some country drills for oil it is more likely than not for that country to have an oil spill. Oil spills are deadly to animals, hard to clean up, and it takes the land thousands of years to recover. The United States has already had one major oil spill off the coast of Alaska in Prince William Sound. If another large oil spill occurred on the water it would have a substantial effect on whales and other marine wildlife (Experts say Alaska Oil Drilling Hurts Wildlife: 43). There are over 130 bird species that find breeding, nesting, or resting places on the coastal plain (Defenders of Wildlife). All of the oil will be pumped down the Trans-Alaskan Pipeline no matter what. Then it is loaded onto tankers and shipped out of Prince William Sound, but the tankers that the oil is being shipped in are at an enormous risk for having an oil spill. This is because most of the ships that pick up the oil are not doubled hulled. The vast majority of oil shipped from Alaska is carried in aging tankers with higher risk of leaking. Only 3 of 26 have double-hulls and those are more than 20 years old. There are three main oil companies who carry oil out of Alaska; Phillip, BP, and Exxon. The first of Phillip s four new Millennium Class double-hulled tankers to be built was christenedShow MoreRelated Oil Drilling in the Artic National Wildlife Refuge Essay2014 Words   |  9 PagesOil Drilling in the Artic National Wildlife Refuge The main issue presented in my research involves the debate between environmentalists and the United States government on whether to open and develop a portion of the Artic National Wildlife Refuge (ANWR) in the northern coastal plain of Alaska for the purpose of drilling for oil. Environmentalists argue that opening up this region of ANWR to future oil drilling would destroy the current ecosystems, disrupt animal habitats and adversely changeRead MoreThe Threat Of Global Warming1779 Words   |  8 Pageshuman health, and wildlife. (Consequences of Global Warming). Drilling in ANWR would cause horrifying situations for the wildlife ecosystem and inescapable affects on life in America and around the world, as we know it. In the National Wildlife Refuge Association’s annual report and recommendations to the US Congress, they revealed the astounding fact that, â€Å"The Artic Refuge is the only conservation system unit that protects, in an undisturbed condition, a complete sp ectrum of the artic ecosystem inRead MoreDRILLING IN ANWR1374 Words   |  6 Pagesenvironmentalists, economists and neighbors now fight over the prospect of oil drilling in the Arctic National Wildlife Refuge. Many of the arguments for drilling are worth consideration; however, in comparison to the evidence against it, they are neither convincing nor compelling. In order to fully understand why drilling in the Arctic National Wildlife Refuge is such a big deal; we need to understand the history of the refuge. ANWR was created in 1980 by the United States Department of Interior.Read MoreDrilling For Oil And Gas Drilling1030 Words   |  5 PagesAlaska national wildlife refugee is an incredible place pristine and undisturbed. Its support caribou, polar beers and countless number of species that includes birds and fish as well as Alaskan native communities. However this place is very Fragile and we, as American citizens should not let such thing happen. Drilling for oil in the Artic is just going harm the environment. In addition, there isn’t going to be any major progress in the economy. Oil and gas drilling seems to be a dirty businessRead MoreIncreasing Oil Production in the United States of America1306 Words   |  6 PagesIncreasing Oil Production in the United States of America Crude oil is a major source of energy for the world. Everyday the United States consumes more crude oil than it produces. The growing number of barrels of oil imported into the Unites States and rising gas prices are major concerns. Even though increasing the United States crude oil production may not lower gas prices immediately, it will eventually allow the United States to be energy independent. Oil is used in many different waysRead MoreEssay about Environmental Views of Anwr2711 Words   |  11 PagesArctic National Wildlife Reserve (ANWR) is a beautiful 19.6 million acre coastal plain, and is located in the Northeastern part of Alaska. ANWR is home to numerous species of wildlife and one of the largest untapped oil preserves in the United States. There is an immense debate between the opposing environmentalists and the politicians who want to drill for oil on a section of ANWR, which is only 1.8% of the refuge. Environmentalists who oppose drilling for oil in Alaska say the wildlife and theRead More Wildlife Refuges Essay1572 Words   |  7 Pages Are refuges in Trouble? nbsp;nbsp;nbsp;nbsp;nbsp;There are 542 refuges in the U.S. comprising 95 million acres of protected land. Individual refuges serve as a multitude of purposes, including protecting endangered plants and animals and their habitats, preserving wilderness areas, providing outdoor recreational and educational opportunities, and providing lands and waters for traditional uses such as hunting and fishing. One would think that from the overall ownership of land and wonderfulRead More Environmental Views of Arctic National Wildlife Reserve (ANWR)2507 Words   |  11 PagesArctic National Wildlife Reserve (ANWR) is a beautiful 19.6 million acre coastal plain, and is located in the Northeastern part of Alaska. ANWR is home to numerous species of wildlife and one of the largest untapped oil preserves in the United States. There is an immense debate between the opposing environmentalists and the politicians who want to drill for oil on a section of ANWR, which is only 1.8% of the refuge. Environ mentalists who oppose drilling for oil in Alaska say the wildlife and theRead MoreOutline for Domestic Oil Drilling Policy Speech Essay894 Words   |  4 PagesYour Name â€Å"Domestic Oil Drilling Policy† Thesis: Americans should approve of my domestic oil drilling policy. Organizational Pattern: Policy/ Persuasive SPS: To persuade my peers that my policy on drilling for oil in America is worthy of their support. Introduction I. Did you know that in the year 2007 alone the U.S. spent a total of $37.75 million per hour on imported oil from foreign countries? (Top Ten Reasons, 2009) II. Today, it is my goal to persuadeRead More We Should Allow Drilling in the Arctic National Wildlife Refuge (ANWR)2541 Words   |  11 Pagesforeign countries for oil and the tight control that these exercise on the energy policies and economics of America. Many of these instances include: the oil embargos of the 1970s, the Iraqi invasion of Kuwait in 1990, and the terrorist attack on the World Trade Center in 2001. Since the 1970s, one solution offered to reduce our nations dependence on foreign countries for oil has been opening up drilling in the Arctic National Wildlife Refuge (ANWR). Proponents say that drilling in ANWR would make

Microtask Crowdsourcing Has Been Applied In Many Fields

Microtask crowdsourcing has been applied in many fields in the past decades, however there are still important challenges not fully addressed, especially in task/workflow de- sign and quality assessment. We take a deeper look at crowdsourcing classification tasks and explore how task and workflow design can impact the quality of the classification result. Our research will use large online knowledge base and citizen science projects as examples and investigate the workflow design considerations and its impact on worker performance as well as overall quality outcome based on statistical, probabilistic, or machine learning models for true label prediction, such that design principles can be recommended and applied in other citizen science†¦show more content†¦While the wisdom of crowd (Howe, 2006) has shown great potentials in these areas, it also exhibits many challenges (Kittur et al., 2013; Buettner and Buettner, 2016) no matter it is via volunteered activities (Lease, 2011 ; Newman et al., 2012) or paid microtask crowdsourcing (Kittur et al., 2013; Demartini, 2015; Bernaschina et al., 2015). In a typical microtask crowdsourcing scenario, from the requester’s point of view, the most important challenges include: 1, task and workflow design to make sure that it is easy to be carried out by non-expert workers, and at the same time risk of spammers or low-quality workers can be mitigated to achieve good quality of result; 2, quality assessment approaches to evaluate the work from crowd workers. Task and workflow design (Little et al., 2010b; Kittur et al., 2011; Demartini et al., 2012) are crucial in ensuring the task to be outsourced to the crowd is properly understood, mitigating the chance of spam and keeping users engaged. They are essential to obtain high quality and quantity of input from crowd workers. Quality assessment techniques can be either on the fly (Ipeirotis et al., 2014) during the task running that can be used to optimize task assignment hence reduce cost, or post aggregation (Whitehill et al., 2009; Ipeirotis et al., 2010; Bachrach et al., 2012; Dif allah et al., 2015) which involves various algorithms and strategies that evaluate howShow MoreRelatedEvaluation And Workflow Design And Quality Assessment1919 Words   |  8 PagesAlthough crowdsourcing has been successfully applied in many fields in the past decades, challenges still exist especially in task/workflow design and quality assessment. We take a deeper look at crowdsourcing classification tasks, and explore how task and workflow design can impact the answer quality. Our research is intended to use large knowledge base and citizen science projects as examples and investigate the workflow design considerations and its impact on worker performance as well as overallRead MoreSamasource Give Work Not Aid8822 Words   |  36 Pagesopportunity in soliciting help from me than in earning their own money,† she commented. According to Janah, these letters were symptomatic of a larger issue: well-meaning outsiders, both individuals and organizations, had created a culture of handouts in many developing countries. â€Å"The sad thing,† she continued, â€Å"is that ‘asking,’ for them, was a rational response to severely limited economic opportunities.† The students she had in her classes weren’t lacking in human capital, but they were lacking in opportunities

Essay about William Faulkner - 1303 Words

William Faulkner nbsp;nbsp;nbsp;nbsp;nbsp; Although leading the life of an educated writer William Culbert Faulkner experienced the times of his life as a Hollywood writer. Probably known as the most famous writer/author of his time Faulkner adapted to his new lifestyles rapidly, and still remained well known in both the movie and book industries. nbsp;nbsp;nbsp;nbsp;nbsp;Faulkner was born September 25, 1897 in New Albany, Mississippi. His named was inherited from his grandfather William Clark Faulkner, a skilled businessman and writer. After relocation to Oxford, Mississippi Faulkner’s father started the First National Bank (â€Å"William Faulkner #3†). As a child in Oxford, William held a very artistic ideal of life, often drawing†¦show more content†¦During a brief stay in New Orleans, Faulkner wrote for the Double Dealer and wrote his first novel Soldier’s Pay. During August of 1925 his book was being published in Europe and so Faulkner made the move across the Atlantic to eventually settle in Paris, France. By December Faulkner had moved back to the United States. nbsp;nbsp;nbsp;nbsp;nbsp;Faulkner’s second novel Mosquitoes is considered one of his weakest works. For his third novel Faulkner set out to take Anderson’s advice to write about his native region. His book would be based on the life of his great-grandfather during the Civil War. With a short success of books Faulkner had decided to write a book strictly for pleasure, but little did he know that the book was actually ‘publishable’. nbsp;nbsp;nbsp;nbsp;nbsp;After having written a book strictly to entertain him it was time for Faulkner to make money. With money on his mind Faulkner wrote Sanctuary a book that he later admitted was a ‘money’ book. nbsp;nbsp;nbsp;nbsp;nbsp;In April of 1926 Estelle had divorced her husband and married Faulkner bringing along her two children Malcolm and Victoria (â€Å"Faulkner, William†). Now working nights in a power plant Faulkner’s creative genius seemed to be at stake but still he wrote another book to add to his ever expanding collection. In April of 1930 Faulkner bought a home in Oxford that sank him deeper into debt.Show MoreRelatedWilliam Faulkner is a Giant 1158 Words   |  5 Pagesbut in the realm of American literature, William Faulkner is a giant.†(Padgett, olemiss.edu) He was a Nobel Prize- winning novelist and a short story writer. Faulkner was acclaimed as one of the twentieth century’s greatest writers. From The Sound and the Fury in 1929 to Go Down, Moses in 1942, was considered his greatest artistic achievement and accomplished more artistically then most artists in their lifetime of writing. (Padgett, olemiss.edu) William Cuthbert Falkner (as his named was then spelled)Read MoreThe Limitations Of William Faulkner993 Words   |  4 PagesHowe, Irving. The Limitations of A Rose for Emily. William Faulkner: A Critical Study. ed. William Faulkner, Bloom s Literature, 2007. Web. 21 Nov. 2015 One of the most famous stories from William Faulkner, an American writer, was â€Å"A rose for Emily† and which requires some understanding. It is about a relation between South and North, with Miss. Emily representing the decadent South and Homer Barron the rapacious North. Faulkner made the story so glaring and pointed in its effects and solicitRead More William Cuthbert Faulkner1902 Words   |  8 PagesWilliam Cuthbert Faulkner â€Å"A preeminent figure in twentieth-century American literature, Faulkner created a profound and complex body of work in which he often explored exploitation and corruption in the American South.† William Faulkner’s writing most commonly set in Yoknapatawpha County, a fictional area based on his homeland of Mississippi. Explore the history of the South while making thorough observations of Human Character. The purpose of Faulkner’s writing style is to demonstrate aRead MoreUnderstanding Faulkner s Madness By William Faulkner1385 Words   |  6 PagesUnderstanding Faulkner’s Madness William Faulkner s â€Å" A Rose for Emily † illustrates the extremes that someone may be driven to in the face of the â€Å" loveless † life that Miss Emily’s father created for her by driving away all the potential suitors. The major and minor events in the story help develop the plot idea that in the progress from an aristocratic but romanticized past to a more egalitarian present and future. Emily represents the standards and attitudes of the old south, and her inabilityRead MoreThe Chronicles Of William Faulkner730 Words   |  3 PagesThe Chronicles Of William Faulkner â€Å" Man is born and chains, and even when he is chain broken, he still is not free.† William Faulkner remains one if the most preeminent American writers of the twentieth century. †¬Faulkner had a great influence on the modern day literature he was very popular for his poetry, short stories, his novels, and screen plays. Faulkner is among the top five writers in literary history, Faulkner meanly wrote about the American South and Mississippi he still received theRead More William Faulkner Essay1215 Words   |  5 Pages William Faulkner nbsp;nbsp;nbsp;nbsp;nbsp;William Faulkner is one of Americas most talked about writers and his work should be included in any literary canon for several reasons. After reading a few of his short stories, it becomes clear that Faulkners works have uniqueness to them. One of the qualities that make William Faulkners writings different is his close connection with the South. Gwendolyn Charbnier states, Besides the sociological factors that influence Faulkners work, biographicalRead MoreA Rose For Emily By William Faulkner923 Words   |  4 PagesA Rose for Emily; A Tale of The Old South William Faulkner was born in New Albany, Mississippi in 1897 but lived most of his life in Oxford, a small town nearby. After dropping out of high school then briefly joining the Canadian Air Force, he returned home and completed three terms at the University of Mississippi (Fulton 27). During his early twenties Faulkner spent time in New Orleans and Europe before returning to Oxford and publishing his first book of poems. In 1929 he married Estelle FranklinRead MoreBarn Burning By William Faulkner935 Words   |  4 Pages William Faulkner’s â€Å"Barn Burning,† is about a southern white family that resides in a rural county in Mississippi. The low-income family members are the mother Lennie Snopes, the older brother, two sisters, and an aunt. The story’s main characters are, Colonel Sartoris Snopes, a 10- year-old boy, the father Abner Snopes, the property owner Abner’s boss Major de Spain, and his wife, Mrs. Lula de Spain. Abner Snopes characterized as the antagonist, and Faulkner describes him as an evil, vengeful manRead MoreA Rose For Emily By William Faulkner1507 Words   |  7 PagesOn September 25, 1897, William Cuthbert Faulkner was born in New Albany, Mississippi. He stands as one of the most preeminent American writers of the twentieth century. His literary reputation included poetry, novels, short stories, and screenplays. Faulkner won two Pulitzer Prizes for Fiction and the Nobel Prize in Literature. â€Å"A Rose for Emily† is a short fascinating story w ritten by William Faulkner and it was his first short story published in a national magazine. The story involved an old womanRead MoreA Rose For Emily By William Faulkner1729 Words   |  7 Pagesup any answers. It’s the type of place that you would take any opportunity or excuse to get to explore. The littler that is known, the more the curiosity increases about this mysterious place or person. In the short story â€Å"A Rose for Emily† by William Faulkner, this mysterious person is Emily Grierson, and the curiosity of her house is a common interest among the whole town. Set aside from the mystery of Emily Grierson and her home, this short story holds a few mysteries within itself. Who exactly

Perelandra by C.S. Lewis Essay Example For Students

Perelandra by C.S. Lewis Essay PerelandraSettingThe setting of this story takes place on the planet Prelandra, also known as Venus. This planet consists of many floating islands. The islands are quite beautiful, the clouds are purple and the sky is a golden color, the seawater is green and drinkable, from the distance the water looks like glided glass. The islands are not very stable, and they can shake if water hits the mobile islands. All of the islands are mobile, except the main island, which remains stationary. Maledil, the peoples god, forbade them to spend the night on the main island; therefore the inhabitants of Perelandra stay on one of the mobile islands. There are many different types of inhabitants on Perelandra, dragons, exotic fish, possums, and unusual looking birds. Ransom, the books main character, mistook the birds for bat-winged reptiles when he first arrived on Perelandra. The tropical climate provides a pleasant atmosphere on Perelandra, thus allowing the inhabitants to move about freely, basking in the agreeable weather. Character Descriptions The main characters in this story are Ransom, Weston and Lady. Readers will be familiar with Ransom and Weston, both having appeared in the prequel to Perelandra, Out Of the Silent Planet. Ransom has been brought to Perelandra and he does not know why. He supposes that it was to keep a watchful eye on Lady because she is naive and does not understand the concept of evil or deception. Ransom is in his late thirties and is quite handsome, due to the weather on Perelandra, Ransom walks around nude because it is so hot and wearing clothes would be uncomfortable. Ransom receives curious looks due to his tan. When he was transported in the coffin, one half of his body was in direct sunlight, which is why one side of his body is very tan and the other side is very white. Ransoms personality has changed since Out of the Silent Planet, he now lives a moral and godly life and falls under the authority of God. Weston is a scientist who has come to Perelandra to conquer the planet so that mankind may exist on Perelandra and make Perelandra a civilized planet. Weston is an immoral man who does not believe in organized religion, especially Christianity. Weston believes that he is guided by a supernatural force, that force is really a demon that is corrupting him with false ideas. Weston is convinced by the demon that Weston is God and the universe. Weston makes the mistake of calling the life force to him, when he does this; he becomes possessed by the demon. While Ransom is the noble hero and Weston is the deranged villain, the role of damsel in distress falls upon Lady, the creation of Maledill. Ladys name remains unknown until the end of the story, her name is Tinidill and she considers herself the queen of Perelandra. Lady is much like a child, because she does not understand evil and the corrupt ways of Weston. She does not understand fear, death, rebellion, murder, pain or peace. When Ransoms knee begins to bleed due to a fall, Lady wants him to explain why his knee is bleeding and wants to make her knee bleed as well. Maledill tells Lady that she may not make her knee bleed and she stops asking. Lady has allowed herself to fall under Maledills authority and believes that he will make her wiser as each day passes, she only knows what Maledill allows her to know and experience. Lady depends on Ransom and Weston to make her wiser in the ways of mankind. Summary of the StoryThe beginning of Perelandra starts out when Oysara asks Ransom to go to the planet Perelandra to help the queen of Perelandra find her missing husband. .u77b976c0e68752819a755533817a9a71 , .u77b976c0e68752819a755533817a9a71 .postImageUrl , .u77b976c0e68752819a755533817a9a71 .centered-text-area { min-height: 80px; position: relative; } .u77b976c0e68752819a755533817a9a71 , .u77b976c0e68752819a755533817a9a71:hover , .u77b976c0e68752819a755533817a9a71:visited , .u77b976c0e68752819a755533817a9a71:active { border:0!important; } .u77b976c0e68752819a755533817a9a71 .clearfix:after { content: ""; display: table; clear: both; } .u77b976c0e68752819a755533817a9a71 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u77b976c0e68752819a755533817a9a71:active , .u77b976c0e68752819a755533817a9a71:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u77b976c0e68752819a755533817a9a71 .centered-text-area { width: 100%; position: relative ; } .u77b976c0e68752819a755533817a9a71 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u77b976c0e68752819a755533817a9a71 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u77b976c0e68752819a755533817a9a71 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u77b976c0e68752819a755533817a9a71:hover .ctaButton { background-color: #34495E!important; } .u77b976c0e68752819a755533817a9a71 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u77b976c0e68752819a755533817a9a71 .u77b976c0e68752819a755533817a9a71-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u77b976c0e68752819a755533817a9a71:after { content: ""; display: block; clear: both; } READ: Short story - Essay Ransom agrees to go and he is transported in a coffin, leaving one side of his body in darkness and the other side in direct sunlight, giving him an unusual tan. Once Ransom arrives on the planet he finds that Perelandra consists of several floating islands and one large stationary island. Ransom meets the Green Lady, the self proclaimed queen of Perelandra. Weston enters the story by appearing on the same island that Ransom is on. Weston makes it known to Ransom that he is there to help spread human civilization to the planet. Ransom then tries to explain to Weston that he is in error in his thinking and his plans are immoral, Weston disregards Ransoms warnings and submits himself to a demon, thus making him think that he is God. Weston sees Lady as someone he must dispose of in order to become ruler of Perelandra. Weston then tries to corrupt Lady, so that when she becomes corrupt she will no longer be able to rule Perelandra and he can rule in her place. Ransom sees that Weston is trying to corrupt her and he knows why, Weston has become possessed and power-hungry. Ransom tries to protect Lady from Weston, but Lady can not figure out whom she should listen to, or who is telling her the truth. Ransom then decides he must destroy the creature that is trying to destroy Lady. Maledill causes everyone on the islands to fall asleep except for Ransom. Ransom attacks Weston and Weston runs towards the ocean. Ransom pursues him and catches up with him. The demon inside of Weston seems to have disappeared and Weston is himself again, or so it seems. Weston asks Ransom to care for him because he knows that he is dying. Ransom agrees to care for him and then Weston turns into the creature again. Ransom tries to fight the creature in the ocean and they are dragged by the oceans currant to the shores of one of the islands. Ransom climbs a cliff and the creature follows him, and Ransom hurls a rock into the creatures face and then he pushes the creature over the cliffs edge and into the water. It was the end of Weston and the vile creature that lived inside of him. Ransom then travels up the mountain and an angel greets him with a flaming sword bidding him to continue on his journey when he is greeted by two eldila. The eldila proceed to tell him that he has saved Perelandra from the horrible fate it would have suffered if Lady had been disobedient to Maledill and followed Westons corrupt ways. Ransom is also told that Lady and her husband, King Tor, were never really forbidden from the main island, Maledill just made that rule to see if they would be obedient and submit themselves to his will. The Lady Tinidil is reunited with her husband, King Tor. Ransom leaves Perelandra when he sees that the King and the Lady are properly seated on their thrones, as the rulers of Perelandra.Interesting and EnjoyableC. S. Lewis book, Perelandra, was an interesting and enjoyable book to read. The thing that I found most interesting was the parallel between the Perelandra and the garden of Eden. Lady, much like Eve, was tempted to gain knowledge of good and evil by Weston. Ransom, acting like a conscience explained to Lady why she should not disobey Maledills will. I thought that C. S. Lewis was trying to communicate the story of the fall of man to his readers through this story. I would recommend this book because I thought it most interesting and very enjoyable, packed with action and adventure and mystery. Inspiring and InstructiveThe theme of Perelandra was overcoming temptation. .u74bdf642d051f00c103d8ebce449da33 , .u74bdf642d051f00c103d8ebce449da33 .postImageUrl , .u74bdf642d051f00c103d8ebce449da33 .centered-text-area { min-height: 80px; position: relative; } .u74bdf642d051f00c103d8ebce449da33 , .u74bdf642d051f00c103d8ebce449da33:hover , .u74bdf642d051f00c103d8ebce449da33:visited , .u74bdf642d051f00c103d8ebce449da33:active { border:0!important; } .u74bdf642d051f00c103d8ebce449da33 .clearfix:after { content: ""; display: table; clear: both; } .u74bdf642d051f00c103d8ebce449da33 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u74bdf642d051f00c103d8ebce449da33:active , .u74bdf642d051f00c103d8ebce449da33:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u74bdf642d051f00c103d8ebce449da33 .centered-text-area { width: 100%; position: relative ; } .u74bdf642d051f00c103d8ebce449da33 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u74bdf642d051f00c103d8ebce449da33 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u74bdf642d051f00c103d8ebce449da33 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u74bdf642d051f00c103d8ebce449da33:hover .ctaButton { background-color: #34495E!important; } .u74bdf642d051f00c103d8ebce449da33 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u74bdf642d051f00c103d8ebce449da33 .u74bdf642d051f00c103d8ebce449da33-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u74bdf642d051f00c103d8ebce449da33:after { content: ""; display: block; clear: both; } READ: Nike And What It Does To Third World Countrys Essay This story was very inspiring to read, watching Lady be tested by Weston to gain the knowledge of mankind. Often in our Christian walks, we are tempted to do several things and experience things that seem to be off limits to a Christian. God gives us a conscience and the Holy Spirit to help guide us in our decisions, just like Oysara sent Ransom to Perelandra to help guide Lady in her situation. By reading Perelandra the reader is left with a comforting feeling that knowing that God never will abandon us to evil without giving us a guide, all we have to do is seek him for the answers in the situations we encounter.

Athens And Sparta Comparison Essays - Ancient Greek Law, Sparta

Athens And Sparta: Comparison Words- 584 Athens and Sparta: Similarities and Differences One of the greatest city states of all time was the city state of Athens from which we take many of our modern ways. Their government was a full democracy in which they had an assembly was all male citizens over 25 years old, they had the council of five hundred which was chosen by lot of people over 30 and they proposed laws to the assembly. Then there was the court where there were no judges and the juries were very large, the archons which were the nine people with the most power before the assembly took it away from them. The Athenians descended from the Ionians in the attica region. Their city was mainly located on acropolis'. They had all around education which meant everyone was entitled to education not just the rich. They were also concerned with money and they also had unproductive soil which meant they would have to find other ways to make money, so they became sea traders. Unlike Sparta their slaves had legal rights which meant they could be freed if the owners of them th ought to do so. They also had Draconian laws which were pretty tough laws and sometimes unfair. Since they had slaves they had a lot of time to pursue cultural interests and led their society forward intellectually, so they got into making dramatic plays for their enjoyment. There were three classes of people in Athens the first class were Citizens which were above age 19, then there were Metics which were considered the middle class. Then there were slaves which was about as low as you could go. So all in all you will see Athens is a lot different then Sparta which I will tell you about now. Sparta government was a lot different then Athen's they had the five ephors who were overseers and were the real rulers of Sparta. Then came the council of Elders which was made up of 28 men over 60 and they proposed laws to the assembly. Then there were kings who were elected by the assembly and served as high priests, judges, and army commanders. Then came the Assembly which were all citizens over 30 who elected officials and voted on major policies. Their government was Totalitarian. The Spartans descended from the Dorians and were located in the Laconia region. Their city was built in a valley and had no walls because they said they could defend from an invaders. Unlike the Athenians their soil supported farming but they were culturally backward, which means we never got anything out of their society's way of life. They had no real family life and were very militaristic. They spoke in Laconic phrases which meant they answered or spoke in as little words as possible (ex. yes, no, maybe, etc.). They were forced to marry at 30 so they could produce as many children as possible and unhealthy children were left to die. The society of Sparta was composed of citizens which were the direct descendants of the Dorians then there were neighbors which were people from other cities and nationalities living inside their cities who weren't as accepted as the citizens. Then thereare the Healots which were their slaves, compared to Athens their slaves were treated less then dirt. The smart and strong slaves were put to death because of the fear of revolt because slaves outnumbered citizens there. So you can see how culturally oppisate these two people are. History Essays

Why the Confederacy Lost essays

Why the Confederacy Lost essays Throughout history many historians have tried to put their finger on the exact reason for the Confederacy losing the war. Some historians blame the head of the confederacy Jefferson Davis, however others believe that it was the shear numbers of the Northern army that won out. Yet others have blamed almost every general that the Confederacy had, according to James M. McPherson: Among them Robert E. Lee himself for mismanagement, overconfidence, and poor judgment; Jeb Stuart for riding off an a raid around the Union army and losing contact with his own army, leaving Lee blind in the enemys country; Richard Ewell and Jubal Early for failing to attack Cemetery Hill on the afternoon of July 1st and again for tardiness in attacking on the 2nd; and above all, James Longstreet for lack of cooperation, promptness, and vigor in the assaults of July 2nd and 3rd.(P.19). Hopefully, this paper will shed some light on the true reasons for the Confederacy losing the war. There are two categories that interpretations can fall under, one is internal- internal is looking only at the south, what they did right and what they did wrong. The next one is external-external is looking at both the North and the South, seeing the problems and the successes of both sides. For and example of an external explanation, when Pickett was asked what he thought was the reason for the Confederacy losing the Battle of Gettysburg he said, Ive always thought the Yankees had something to do with it (19). The idea that the Yankees had way too many resources, has long been an explanation for the reason of the Confederacy losing the war. When Robert E. Lee gave his farewell address at Appomattox he said to his soldiers, The Army of Northern Virginia has been compelled to yield to overwhelming numbers and resources (20). That statement was very important to the South because, it allowed them, and s ...

Antropology Article Example | Topics and Well Written Essays - 1000 words

Antropology - Article Example This is evident in the disparate species of Manzanita shrubs, which thrive, in different altitudes. Another one of the isolating mechanism is behavioral isolation in which potential mates converge but refuse to mate, as they prefer individuals from their own species as evident in the mating rituals of the albatross. This is in contrast to mechanical isolation where mating and copulation is attempted but sperm transmission does not occur. The two-lipped flower, a species of sage, found in California is an example of this (Calow 379-380). 2. Define cephalic index and explain how it originally was used in an ethnocentric manner. Define eugenics and explain two specific ways (one human, one nonhuman) in which it can be used in a non-ethnocentric manner. Explain the relationship between polytypic, continuous variation and the vitamin D hypothesis. The cephalic index was used to determine the intelligence of a person or her behavior based on the measurement of the skull or the cranium. The size of the cranium determined the superiority of the race. Proponents of Eugenics utilized this idea to forward race improvement through government control on marriage and family. The principles of eugenics can be used in non-ethnocentric manner, as to prohibit the marriage of two groups of populations that increases the possibility of genetic diseases (Jurmain and Nelson 118). In dogs or other mammals, such as race horses the principles can be applied for stronger breed. Yet, eugenics limits the freedom of the genes to function freely (Jurmain and Nelson 112). Polytypic species is composed of one population of species and homosapiens are one of them. Phenotypic variations are evident among humans as they exhibit differences in skin color for instance base on the environment or circumstance in which they live. One of these hypotheses the li ghtening of the skin color in higher altitudes, which cause the body to generate more Vitamin D said to prevent diseases such as rickets (Jablonski 585 - 623 ) 3. Explain how the Hardy-Weinberg theory is related to both polymorphisms and balanced polymorphisms. Explain how the terms prions and BSE are related to the terms vector and pathogen. The Hardy Weinberg theory or equilibrium is one of the main theories in population genetics, which also states that relative gene frequency stay constant from generation to the next. This is based on a mathematical model. This theory is related to polymorphism, as this is typified by the constant equilibrium with disparate alleles of the genes which at unvarying relative frequencies in a certain population. Prions are like pathogens because they result to diseases such as the bovine spongiform encephalopathy (BSE). Hence BSE is a prion, which could be transmitted through a vector, contact or bite of an animal. 4. Explain the difference between acclimatization and adaptation, giving one example in humans for each. Explain Bergmann's Rule and Allen's rule and how they are related to high altitude and ossification of epiphysis/diaphysis. Define biocultural evolution, explaining both the example of lactose intolerance and sickle cell anemia for this term. What are pleiotropic genes and how do they affect sexual dimorphism and transgenerational problems Adaptation is the means humans utilize to meet the challenges of their environment whereas

Recommendation letter Essay Example | Topics and Well Written Essays - 250 words - 4

Recommendation letter - Essay Example [Surname] usually consult with me if he has any challenging issue and I must confess that he is one of the most astounding people with critical problem solving skills I have ever met, in spite of his young age. For the period I have known him, [Surname] has shown his undying passion for civil engineering. One day, I received a call from [surname] asking if he could see me. When I invited him over to my place, his first question after greetings was, â€Å"do you think I can become the most successful civil engineer in my country?† I could only boost his ambition by telling him he could be world’s best civil engineer because I knew his potential. [Surname] plans to be a government consultant and improve the condition of roads in his country in the best way he can. However, he can only achieve this by pursuing a higher level of education. As such, your institution is a major link for [surname] to achieve his long-lived dream. Moreover, your university has ever been the most appealing institution for him to pursue his dream programme. Your assistance will be highly appreciated. Thank

The Role of RNA Polymerase and the Death Cap Mushroom Essay Example for Free

The Role of RNA Polymerase and the Death Cap Mushroom Essay Being a health care worker, the role of how substances affect the body are always fascinating and intriguing. The role of the Death Cap Mushroom, which is appropriately named, is one that is simple but can have fatal implications. In Britain, the Death Cap Mushroom is attributed to 75% of all fatalities that are caused by ingesting mushrooms (Kibby, 2006). These are deaths that are certainly avoidable, but yet continue to happen. The Death Cap Mushroom scientific name is the Amanita phallodes. When it is ingested, it causes a deadly reaction in the human body. The major toxin mechanism is the inhibition of RNA polymerase II in DNA reproduction. The reason this becomes deadly is that this is a vital enzyme in the synthesis of the messenger RNA and without it, protein synthesis cannot happen and new cell production ceases. (Karlson-Stiber C, Persson, H (2003). When the human body is no longer able to recreate the template for new cell reproduction, the old cells die and new ones can no longer be reproduced and this quickly causes system failure in the body and the organs begin to fail rapidly. Due to the onset of symptoms taking between 12 and 30 hours to be visible, the damage has already taken place and is irreparable and can quickly lead to death. (Elpel, T (2011). The two vital organs that are affected first are usually the liver and the kidneys. This can quickly become a life threatening process. Although there is no cure for the toxicity, it has been treated with large doses of penicillin and Vitamin C, but there this is not a proven treatment and the only prevention of the ingestion of these mushrooms is safe. In most cases, if the person actually survives, a liver transplant would be needed to allow the person to live. Education on how deadly ingesting the Death Cap mushroom is sorely needed to prevent the unnecessary deaths that it causes each year. References 1.Kibby, Guide to mushrooms of Britain and Europe, Octopus Publishing, (2006) 2.Karlson-Striber C, Persson, H, (2003)Cyto toxic fungi overview-Toxic 3.Elpel, T (2011) Amanitaeac: The Deadly Amanita Family

An Analysis on Information Technologies: Fahrenheit 451 :: essays research papers

The idea of a controlling society set in the future is not a foreign concept to the realms of science-fiction. Technology is often utilized in these stories to control the populace under one vision of a perfect world. In George Orwell’s acclaimed novel 1984, the government of Oceania used “telescreens'; that displayed propaganda and censored news in addition to their role as cameras which relayed information back to the Ministry of Love. This constant surveillance provided assurance that the citizens put the needs of the state before themselves. In Phillip K. Dick’s Do Androids Dream of Electric Sheep?, the police precinct of Los Angeles utilized retinal scanning machines to determine the sincerity of the person’s thoughts during routine lie detector tests. These measures perpetuated that the dream of only socially accepted, pure humans holding high statuses. Even in Oshii Mamoru’s Jin-Roh, the National Security Division utilized high-tech heavily armed and armored Capital Police to annihilate non-conformists. The aid of technology assisted all of these fictitious societies in their pursuit of utopia. Ray Bradbury chose for Fahrenheit 451 to have a futuristic and technologically advanced setting to speak in outrage against the possible corruption of technology due to totalitarian abuse. Perhaps science fiction writers speak of one of the greatest fears humans possess, the masking of the truth. The ideology of the control society, deviant thought hinders progression towards a flawless civilization, supports the growth of information concealing technologies to eradicate such “dangerous thought';. The flamethrower, the instrument of terror wielded by the firemen, played the role of such a thought-concealing apparatus. Truly a device with dreaded applications, the flamethrower makes it initially appearance with: With the brass nozzle in [Montag’s] fists, with this great python spitting its venomous kerosene upon the world, the blood pounded in his head, and his hands were the hands of some amazing conductor playing all the symphonies of blazing and burning to bring down the tatters and charcoal ruins of history. (3) As Bradbury writes, in one transient moment, years of recorded chronicles can go up in flames. This single sentence embodies the principle of how the rich heritage that humanity took eras to forge can end in a foul moment because of the wicked applications of technology. In a fictional environment where this deviant practice is viewed commonplace, the citizens of adopt a similar mentality. As the fireman Captain Beatty states, “[Fire’s] real beauty is that it destroys responsibility and consequences.

Financial Statement Analysis of Pharmaceuticals in Pakistan

Final Project Profitability Ratios’ Analysis of Pharmaceuticals in same industry for FY 2008-10 Sanofi-Aventis Ferozsons Abbott A REPORT SUBMITTED TO THE DEPARTMENT OF MANAGEMENT SCIENCES, VIRTUAL UNIVERSITY OF PAKISTAN IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTERS IN BUSINESS ADMINISTRATION Submitted By Mc080402262 Sheikh Khurum Akram Department of Management Sciences, Virtual University of Pakistan Acknowledgement In the name of ALLAH, the most Gracious, the most Merciful Firstly I am thankful to ALLAH ALMIGHTY, WHO is sprinkling HIS blessings upon me and my family.HE has bestowed me with sound health and determination to perform this task. I really acknowledge guidelines from my course tutor who taught me the techniques of research. This project is my own effort. Executive Summary I will evaluate three leading pharmaceuticals of Pakistan for profitability ratio analysis of Abbott, Ferozsons and Sanofi-Aventis. I will assess them on the basis of facts and figures provided in their financial statements. My objective is to figure out their flaws and potencies. Outcomes of profitability analysis are worthy for management in making effective decisions.My findings will make easy for all related parties to have impartial analysis. This project will also make available a snapshot of pharmaceuticals’ capability in managing their resource for yielding profits. The main purpose behind this analysis is to conduct a quantitative study of raw data. Outcomes of my project will assist the title-holders and decision-makers to keep an eye on improvement in their businesses. I will perform profitability ratio analysis of Abbott, Ferozsons and Sanofi-Aventis. I will cite my sources each time if exact quote is copied of an author or paraphrasing of the same is drafted in my own words.I will provide reference if I copy a table, chart, diagram, or graph wholly or partly. Microsoft word and excel will be used to evaluate ratio analysis. APA styl e of referencing will be used. Ferozsons and Abbott have yielded sufficient net profits to recover all operating, non-operating expenses and taxation charges and to build up reserves after paying all fixed interest charges and dividends. Sanofi-Aventis has yielded very low net profit despite reasonable sales volume due to escalating cost of goods sold, operating and non-operating charges. Abbott laboratory and Ferozsons are efficiently managing its assets to generate profit.Sanofi-Aventis is not utilizing its assets properly to generate profit. Abbott laboratory and Ferozsons have higher generating rate of their wealth. Sanofi-Aventis has lower generating rate of its wealth. Ferozsons has better pricing approach and operating competence. On the contrary Sanofi-Aventis has flaws in pricing tactic. Abbott has shown adequate operating profits to meet its fixed cost. Sanofi-Aventis has shown its efficiency at its best in managing significant assets like Property, Plant & Equipment, Stoc k in Trade and Cash with bank balances.Ferozsons has utilized its revenue producing assets exceptionally well. Abbott has produced bulk sales volume with a relatively small amount of fixed assets. Sanofi-Aventis has shown effective job by producing better sales volume turnover with minute amount of property, plant and equipment. Sanofi-Aventis has produced insufficient returns to satisfy its investors. Ferozsons has generated sufficient gross profit volumes to face unfavorable financial circumstances such as low demanding and price competition. Ferozsons and Abbott need to keep scheming in the same way for curtailing cost of goods sold, operating and on-operating expenses. They need to retain effective management policies by utilizing more assets for the generation of higher profits in future. They need to keep strengthening better pricing approach and operating competence. They need to utilize operating assets more effectively to improve their turnover as per sales volume. Ferozson s needs to downsize overinvested in fixed assets. Abbott and Sanofi-Aventis should improve their turnover of fixed assets in terms of sales volume. They can increase gross profits by implementing more effective management policies.Sanofi-Aventis really needs to look its profit yielding capacity. It should review and improve its products range. Furthermore effective management policies can produce the desirable results. It requires implementing improved pricing tactic to attain better operating proficiency. It needs to watch over its policies for better return on owner’s equity to retain its investor confidence. It has shown better operating assets turnover, it should keep utilizing them in the same manner. It needs to improve its selling and marketing strategies to improve profit margins.Table of contents Acknowledgement Executive Summary Section IPage # 1. Chapter 1) Introduction8 Financial Period Under-Consideration for Analysis:10 Objectives10 Significance11 2. Chapter 2) Data Processing and Analysis 11 * Data Collection Sources:12 * Data Processing and Analysis Tools: 12 3. Chapter 3) Data Analysis12 Profitability Ratio Analysis Project12 †¢ Net Profit Margin 12 †¢ Return on Assets 14 †¢ DuPont Return on Assets 17 †¢ Operating Income Margin 20 †¢ Operating Assets Turnover 23 †¢ Return on Operating Assets 26 †¢ Sales to Fixed Assets 29 Return on Total Equity 31 †¢ Gross Profit Margin 34 4. Chapter 4) Summary, Conclusion, Recommendations & Limitations: 5. 2 Conclusion36 5. 3 Recommendations38 Section II a) Introduction of the student39 b) Bibliography39 Section I Chapter 1) Introduction to the Project: My project is about the financial standings and performance interpretations of three leading pharmaceuticals of Pakistan. I am willing to conduct this project to analyze the potentials and flaws of the same sort of business. My findings will facilitate all related parties to have impartial analysis.This project wi ll also provide a snapshot of pharmaceuticals’ competence in handling their resource for generating profits. Profitability ratio analysis helps to conduct a quantitative scrutiny of raw data. It assists the title-holders and decision-makers to monitor improvement in their businesses and endow with qualified analysis. It also helps to analyze and interpret for future prospects. My project will help all the stakeholders to have impartial comparative performance analysis. Reliable analysis of financial statements has got enormous importance in the current economic scenario.Investors, debtors, creditors and customers demand concrete, credible and result-oriented approach on which they can rely. This sort of project is always needed to have impartial analysis that encourages financier to invest in more profitable venture. It will also help the relevant pharmaceuticals to overcome their loopholes. The pharmaceutical concerns have shown high sales in the current era. It is justifiab le to call it the most developed technological segment in the country's financial system. This business is presently experiencing a phase of considerable transformation in under developed countries.Well-established pharmaceuticals can allow investments in more R ; D that expand their potential drugs range. Abbott Laboratories: They are a global, broad-based health care company devoted to discovering new medicines, new technologies and new ways to manage health. Their products span the continuum of care, from nutritional products and laboratory diagnostics through medical devices and pharmaceutical therapies. Their comprehensive line of products encircles life itself – addressing important health needs from infancy to the golden years.They have over 70,000 employees worldwide and a global presence in more than 130 countries, Abbott Pakistan is part of the global healthcare corporation of Abbott Laboratories, Chicago, USA. Abbott started operations in Pakistan as a marketing af filiate in 1948; the company has steadily expanded to comprise a work force of over 1500 employees. Currently two manufacturing facilities located at Landhi and Korangi in Karachi continue to use innovative technology to produce top quality pharmaceutical products. Abbott Pakistan has leadership in the field of Pain Management, Anesthesia * Medical Nutrition * Anti-Infective Ferozsons Laboratories Limited: It is one of the leading pharmaceuticals in Pakistan. It was incorporated as a Private Limited Company in 1954; Ferozsons Laboratories Limited became Pakistan's first local pharmaceutical company to be listed on the country's stock exchanges (1960). Commencing production in 1956, they made their beginnings primarily as manufacturers of fine chemicals and galenicals, and as toll-manufacturers for multinational pharmaceutical corporations today, heir core strength lies in their own range of branded generics, which cover products in the following segments:   * Anti-infective * Gast rointestinal * Cardiovascular * Dermatology Their marketing force consists of over 230 representatives and managers covering the territories of Pakistan. They have a  consistent prescription growth rate of over 20% per annum  in their promoted products; they provide a solid platform for creating and establishing brands in the Pakistani market. Sanofi-Aventis:Sanofi-Aventis is one of the world’s largest pharmaceutical companies serving the cause of improving health and wellbeing. It is present in more than  100 countries, with around  11,000 scientists. They have around 100, 000 employees  working to improve health and wellbeing. Their Global headquarters are in Paris, France. Sanofi-Aventis focuses its activities on 7 major therapeutic areas: * Cardiovascular * Thrombosis * Oncology * Central Nervous System * Metabolic Disorders * Internal Medicine * VaccinesI have selected this project to have broad based comparative analysis between pharmaceuticals operating in Pa kistan with different origins. It is desirable for me to know how these pharmaceuticals utilizing their resources to yield high profits effectively. 1. 1 Financial Period Under-Consideration for Analysis: Financial years under consideration for analysis are 2008 to 2010 of Abbott, Ferozsons and Sanofi-Aventis. 1. 2 Objectives: The core objectives of the project will be to observe the operations of pharmaceuticals, their financial emergence and potencies along with flaws. To analyze the ability of selected pharmaceuticals to earn profit over a period of time * To analyze the selected pharmaceuticals efficiency in managing their resource for generating profit * To find out the reasons for generating profit over the years for selected pharmaceuticals * To find out that how effectively selected pharmaceuticals are maximizing their profits by controlling their costs/expenses * Trend Analysis will help to study the financial history of pharmaceuticals for comparison. * I would justify my findings about the financial capability of the pharmaceuticals to satisfy the stakeholders. . 3 Significance of the Project: Profitability ratio analysis would provide thorough information about the credibility and current standings of pharmaceuticals. My project will help creditors to know the liquidity position of pharmaceuticals, its relation with profitability and help to settle their priorities. Liquidity determines a company’s capability to meet up its obligations. If a company is facing troubles in meeting its urgent monetary commitments, it can affect its business functions and profitability.Concisely a pharmaceutical with better profitability will be enjoying improved liquidity position. It can help debtors to assess how pharmaceuticals are extending credits, effectiveness of collecting debts and its impact on profit. I want to carry out this type of project to help the investors for settling their decisions in making investments in such a pharmaceutical that would b est value their wealth. It will assist the customers to select such pharmaceutical that is yielding better profits and more reliable. It would help the management to have an independent analysis in identifying their loopholes.Profitability Ratio Analysis, Trend analysis and comparisons of results with other type of data will be judged against the pharmaceuticals within the industry. In short my analysis will help all stakeholders to have relevant and reliable information to ease their decision making process. Chapter 2) Data Processing and analysis: I will disclose and acknowledge all references for all materials that are used from all sources. I will cite my sources each time if exact quote is copied of an author or paraphrasing of the same is drafted in my own words.I will provide reference if I copy a table, chart, diagram, or graph wholly or partly. APA style of referencing will be used. 2. 1 Data Collection Sources may be: Primary Sources: This first hand data will be the conte nts I am investigating through financial statements of my relevant pharmaceuticals. Study of current data is my primary source. Secondary Sources may be: It will be collected through financial statements of my selected pharmaceuticals and internet. 2. 2 Data Processing and Analysis Tools: Microsoft word and excel will be used to evaluate ratio analysis. Chapter 3) Data AnalysisProfitability Ratio Analysis Project I have taken into consideration three recent Financial Years 2008, 2009 and 2010 for analysis of Abbott, Ferozsons and Sanofi-Aventis. 1- Net profit margin Introduction: The net profit margin formula reveals that how much of a company's revenues are reserved as net income. It is generally expressed as a percentage. It is calculated by dividing net profit with sales revenue for a given year. Formula: Net profit margin= Net Profit / Sales Revenue * 100 Net profit margin= (Answer) %age Calculation: Net profit margin| Year 2008| Year 2009| Year 2010| Abbott| =343,980/7,089,163= 4. 5%| =609,072/8,450,118=7. 21%| =1,176,944/10,995,701=10. 70% | Ferozsons| =217,023. 829/932,297. 994=23. 28%| =182,757. 453/1,085,393. 578=16. 84%| =317,542. 675/1,273,374. 822=24. 94%| Sanofi-Aventis | =38,269/4,346,528=0. 88%| =167,371/6,725,708=2. 49%| =224,024/6,158,295=3. 64%| Note: Numeric Figures are mentioned in ‘000’ Working: No need to provide breakup of net profit (numerator) and sales revenue (denominator) as these figures are mentioned in Profit and loss account. Graphical Representation and Trend Analysis: Interpretation and Comparison Ferozsons has yielded highest net profit ratio (24. 4% in 2010) whereas Abbott laboratory has the maximum sales volume with compare to other two. Ferozsons and Abbott have yielded sufficient net profits to recover all operating, non-operating expenses and taxation charges. They have the tendency to build up reserves after paying all fixed interest charges and dividends. Sanofi-Aventis has yielded very low net profit (0. 8 8% in 2008) despite reasonable sales volume. Abbott has shown increasing trend from FY 2008 to 2010 by producing the highest sales volume and by curtailing cost of goods sold, operating and non-operating expenses.Ferozsons has shown a decreasing trend from FY 2008 to 2009 due to the increase in cost of goods sold. It has revived in FY 2010 by yielding the highest net profit percentage by controlling its cost of goods sold. Sanofi-Aventis has shown an increasing trend from FY 2008 to 2010 but insufficient net profit to keep any reserves. It has shown the lowest profit percentage in FY 2008 due to very high cost of goods sold and operating expenses along with finance charges. Abbott has changed its financial year from November to December in 2010 (13 months) that has also given it edge in producing better sales volume.Ferozsons has been leading and surpassed other pharmaceuticals with high profit margins by curtailing its cost of goods sold and operating expenses as compared to others . On the other hand Abbott has shown the highest volume of sales as compared to others but profit yielding capacity has seemed to be been on the way out. Sanofi-Aventis has yielded very low profits due to escalating cost of goods sold, operating and non-operating charges. 2- Return on Assets Introduction: Return on average total assets is a profitability gauge of a company with relation to its total assets.It is generally expressed as a percentage. It is calculated by dividing net profit with average total assets for a given year. Formula: Return on Assets= Net Profit / Average Total Assets * 100 Return on Assets = (Answer) %age Calculation: Return on Assets= Net Profit / Average Total Assets * 100| | Return on Assets| Year 2008| Year 2009| Year 2010| Abbott| 343980/4865539*100=7. 07%| 609072/5007143*100=12. 16%| 1176944/5377499*100=21. 89%| Ferozsons| 217023. 829/1349994. 951*100=16. 08%| 182757. 453/1530769. 165*100=11. 94%| 317542. 675/1724423. 948*100=18. 41%| | | | | Sanofi-Ave ntis | 38269/2706204*100=1. 1%| 167371/3211724*100=5. 21%| 224024/3393760*100=6. 60%| | | | | Note: Numeric Figures are mentioned in ‘000’ Working: No need to provide breakup of net profit (numerator) as it is mentioned in profit & loss account. | Total Assets| | | | Total Assets| Year 2007| Year 2008| Year 2009| Year 2010| Abbott| 4681368| 5049710| 4964576| 5790421| Ferozsons| 1218361. 366| 1481628. 536| 1579909. 793| 1868938. 102| | | | | | Sanofi-Aventis | 2428053| 2984355| 3439093| 3348427| | | | | | | Average Total Assets=(Current Year + Preceding Year)/2| | Average Total Assets| Year 2008| Year 2009| Year 2010|Abbott| (4681368+5049710)/2=4865539| (5049710+4964576)/2=5007143| (4964576+5790421)/2=5377499| Ferozsons| (1218361. 366+1481628. 536)/2=1349994. 951| (1481628. 536+1579909. 793)/2=1530769. 165| (1579909. 793+1868938. 102)/2=1724423. 948| | | | | Sanofi-Aventis | (2428053+2984355)/2=2706204| (2984355+3439093)/2=3211724| (3439093+3348427)/2=3393760| | | | | Gr aphical Representation and Trend Analysis: Interpretation and Comparison: Abbott Laboratory has yielded better percentage of return on assets due to reasonable net profit.The better ratio of Abbott laboratory depict that the pharmaceutical is able to manage its assets efficiently to generate profit. Ferozsons has also reasonable percentage of ROA that depicts its effective management of assets to generate profit. Sanofi-Aventis has low volumes of net profit with higher size of average total assets that depicts its inability in utilizing its assets properly to generate profit. Abbott has shown increasing trend from FY 2008 to 2010 due to better profit margin as compared to previous years. Ferozsons has shown a decreasing trend from FY 2008 to 2009 due to decline in net rofit volume. It has also revived in FY 2010 by yielding the higher net profit against average total assets. Sanofi-Aventis has shown an increasing trend from FY 2008 to 2010 but inadequate net profit to utilize total assets effectively. It has shown the lowest ROA in FY 2008 due to very low net profit. Ferozsons has the highest ROA on the whole. It has outclassed other pharmaceuticals. In contrast Sanofi-Aventis has shown the lowest volume of net profits but considerable magnitude of average total assets that depict inefficient management policies to utilize total assets.Abbott has shown considerably well managed performance in utilizing total assets for producing profit. 3- Dupont Return on Assets Introduction: Dupont return on total assets is used to evaluate how productively assets are used. It measures the mutual effects of profit margins and asset turnover. It is generally expressed as a percentage. It is calculated by multiplying net profit margin and total asset turnover for a given year. Formula: DuPont Return on Assets= (Net income / Sales) x (Sales / Total Assets) DuPont Return on Assets = Net profit margin x Total asset turnover DuPont Return on Assets = (Answer) %ageCalculation: Dupo nt return on Assets = net profit margin x total asset turnover Dupont return on Assets| Year 2008| Year 2009| Year 2010| Abbott| 4. 85%*1. 41=6. 84%| 7. 22%*1. 70=12. 27%| 10. 70%*1. 90=20. 33%| Ferozsons| 23. 28%*0. 63=14. 65%| 16. 84%*0. 69=11. 57%| 24. 94%*0. 68=16. 99%| Sanofi-Aventis | 0. 88%*1. 46=1. 28%| 2. 49%*1. 96=4. 87%| 3. 64%*1. 84=6. 69%| | | | | Note: Numeric Figures are mentioned in ‘000’ Working: Net profit margin= (Net income / Sales)*100 | Year 2008| Year 2009| Year 2010| Abbott| =343980/7089163*100=4. 85%| =609,072/8,431,080*100=7. 22%| =1,176,944/10,995,701*100=10. 0% | Ferozsons| =217,023. 829/932,297. 994*100=23. 28%| =182,757. 453/1,085,393. 578*100=16. 84%| =317,542. 675/1,273,374. 822*100=24. 94%| Sanofi-Aventis | =38,269/4,346,528*100=0. 88%| =167,371/6,725,708*100=2. 49%| =224,024/6,158,295*100=3. 64%| Total assets Turnover= (Sales / Total Assets) Abbott| 7089163/5049710=1. 41 Times| =8450118/4964576=1. 70 Times| =10995701/5790421=1. 90 Times | Ferozsons| =932297. 994/1481628. 536=0. 63 Times| =1085393. 578/1579909. 793=0. 69 Times| =1273374. 822/1868938. 102=0. 68 Times| Sanofi-Aventis | =4346528/2984355=1. 46 Times| =6725708/3439093=1. 6 Times| =6158295/3348427=1. 84 Times|   | Dupont Return on Assets|   | | Year 2008| Year 2009| Year 2010| Average| Abbott| 6. 84%| 12. 27%| 20. 33%| 13. 15%| Ferozsons| 14. 65%| 11. 57%| 16. 99%| 14. 40%| Sanofi-Aventis | 1. 28%| 4. 87%| 6. 69%| 4. 30%| Graphical Representation and Trend Analysis: Interpretation and Comparison: We can analyze the sales comparisons with net income and assets of Abbott laboratory; it has yielded better volume of profits along with an increase in its total assets and sales volume over the years. Its higher ratio depicts the higher generating rate of its wealth.Ferozsons has yielded higher profit margins by controlling its cost of goods sold but lower total assets turnover rate due to less sales volumes. Sanofi-Aventis has very low net profit margins bu t reasonably well total assets turnover rate that depicts lower generating rate of its wealth. Abbott has shown increasing trend from FY 2008 to 2010 due to better net profit margin and sales volumes. Ferozsons has shown a decreasing trend from FY 2008 to 2009 due to comparatively low profit margin. It has also revived in FY 2010 by yielding higher profit margins, increase in total assets and sales volume.Sanofi-Aventis has shown an increasing trend from FY 2008 to 2010 but insufficient net profit margins has overlooked better total assets turnover rate. Ferozsons has the highest Dupont return on assets. It outshines other pharmaceuticals in better performance on the basis of relevant FY’s average. On the contrary Sanofi-Aventis has shown the lowest volume of Dupont return on assets but reasonable magnitude of total assets and sales volume. Abbott has shown fair performance in utilizing total assets with sales spectrum. Its average is near to Ferozsons’. 4- Operating i ncome margin Introduction:This ratio is used to compute the price policies and operational competence. It is generally expressed as a percentage. It is calculated by dividing operating profit with net sales for a given year. Formula: Operating income margin = Operating Profit / Net Sales*100 Operating income margin = (Answer) %age Calculation: Operating income margin| Year 2008| Year 2009| Year 2010| Abbott| 547526/7089163*100=7. 72%| 878503/8450118*100=10. 42%| 1744787/10995701*100=15. 87%| Ferozsons| 280330. 464/932297. 994*100=30. 07%| 238019. 515/1085393. 578*100=21. 93%| 330518. 449/1273374. 822*100=25. 6%| Sanofi-Aventis | 171478/4346528*100=3. 95%| 384071/6725708*100=5. 71%| 531682/6158295*100=8. 63%| Note: Numeric Figures are mentioned in ‘000’ Working: Operating Profit (Numerator) = Gross Profit + Other Operating Income – Admin Expenses – Selling & Distribution Expenses – Other Charges Operating Income Break-up GP+OTHER OPERATING INCOME-ADM IN EXP-SELLING & DISTRIBUTION EXP-OTHER CHARGES|   | 2008| | Abbott| 2097653+105545-255737-1334884-65051=547526| | | | | Ferozsons| 540738. 562+20809. 63-60719. 276-199424. 66-21073. 792=280330. 464| | | | | Sanofi- Aventis | 1055823+52809-122627-757135-57392=171478| | | GP+OTHER OPERATING INCOME-ADMIN EXP-SELLING & DISTRIBUTION EXP-OTHER CHARGES|   | 2009| 2010| | Abbott| 2321131+141890-201943-1252810-129765=878503| 3687038+109079-267915-1601101-182314=1744787| | | | | | Ferozsons| 584211. 298+23954. 076-80995. 604-261185. 939-27964. 316=238019. 515| 633242. 518+43434. 507-83262. 197-234076. 533-28819. 846=330518. 449| | | | | | Sanofi- Aventis | 1626599+101126-152707-1048283-142664=384071| 1753544+102220-175580-1094063-54439=531682| | | | | No need to provide breakup of Net Sales (denominator) are mentioned in profit and loss account of respective pharmaceutical.Graphical Representation and Trend Analysis: Interpretation and Comparison: Abbott laboratory has yielded comparativ ely low operating income margins as compared to Ferozsons due to an increase in business cost and its expenses. Abbott has lower volume of operating profit in 2008 with increased net sales. Ferozsons has optimum capacity to pay for its fixed cost. Sanofi-Aventis has low operating income margin that depicts its poor pricing strategy and operating efficiency. It has minimal operating profits over the years but reasonable net sales volumes. Abbott has shown increasing trend from FY 2008 to 2010.The pharmaceutical should manage its expenses to reduce this decline. It has done better in FY 2010 by producing highest operating profit. Ferozsons has shown a decreasing trend from FY 2008 to 2009 due to comparatively low operating profit with comparatively better sales volume. It has also revived in FY 2010 by yielding higher operating profit. Sanofi-Aventis has shown an increasing trend from FY 2008 to 2010 but insufficient operating profit margins has caused inadequate margins to meet its f ixed costs. The aforementioned ratio provides an insight to determine the quality of a company.Ferozsons has the highest operating income margins. It has left behind other pharmaceuticals by yielding sufficient operating income that depicts better pricing approach and operating competence. On the contrary Sanofi-Aventis has shown the lowest volume of operating profit margins that shows its flaws in pricing tactic. Abbott has shown adequate operating profits to meets its fixed costs but comparatively low as compared with Ferozsons. 5- Operating Assets Turnover Introduction: This is a financial ratio that indicates the effectiveness with which a firm's management uses its operating assets to generate sales.It is generally expressed in times. It is calculated by dividing net sales with average operating assets for a given year. Formula: Operating Assets Turnover= Net sales/ Operating assets Operating Assets Turnover = (Answer) Times Calculation: Operating Assets Turnover| Year 2008| Ye ar 2009| Year 2010| Abbott| 7089163/5168443=1. 37 Times| 8431080/4684635=1. 80 Times| 10995701/4740615= 2. 32 Times| | | | | Ferozsons| 932297. 994/1055296. 397=0. 88 Times| 1085393. 578/652061. 759=1. 66 Times| 1273374. 822/865565= 1. 47 Times| | | | | Sanofi- Aventis | 4346528/33338090= 0. 13 Times| 6725708/2785713= 2. 1 Times| 6158295/2399541= 2. 57 Times| | | | | Note: Numeric Figures are mentioned in ‘000’ Working: No need to provide breakup of Net Sales (numerator) are mentioned in profit and loss account of respective pharmaceutical. Operating Assets = Total Assets – (Intangible Assets + Capital work in progress+ Loans and Advances + Investments + other assets) Break-up of operating Assets Operating Assets Turnover| Year 2008| Year 2009| Year 2010| Abbott| 5790421-(0+392954+170071+2801+56152)=5168443 | 4964576-(0+159886+73056+4393+42606)=4684635 | 5049710-(0+202480+23580+44896+4393+33746)=4740615 | Ferozsons| 1868938. 02-(0+141831. 157 +223867. 236+438228. 405+9714. 907)=1055296. 397 | 1579909. 793-(0+171010. 120+215775. 559+205992. 988+35069. 367)=952061. 759 | 1481628. 536-(0+0204216. 826+217372. 560+194474. 564)=865565 | Sanofi- Aventis | 33484287-(339+ 119,808+21381+4669)=33338090 | 3439093-(114+ 618,974+29683+4609)=2785713 | 2984535-(729+550391+30549+3325)=2399541 | Graphical Representation and Trend Analysis: Interpretation and Comparison: Operating assets turnover of Abbott laboratory has improved over the years as operating assets are slightly decreasing with respect to better net sales.Ferozsons has comparatively improved turnover due to substantial increase in net sales with respect to operating assets. Sanofi-Aventis has reasonably well sales volume but operating assets haven’t grown in proportion. Abbott has shown increasing trend from 2008 to 2010 due to improved sales volume and minor change in operating assets. Ferozsons has shown an increasing trend from FY 2008 to 2009 due to comparatively decrease in operatin g assets as compared to net sales. Sanofi-Aventis has shown an increasing trend from FY 2008 to 2010 due to better sales with respect to operating assets.Sanofi-Aventis has represented its efficiency at its best in managing significant assets like Property, Plant ; Equipment, Stock in Trade and Cash with bank balances. It has surpassed others during FY 2009-10. On the other hand Ferozsons has shown comparatively low operating Assets Turnover with respect to other two. Abbott has shown rather better performance on the whole. 6- Return on Operating Assets Introduction: This is a financial ratio that gives an idea  as how efficient  management is  at using its assets to generate earnings. It is generally expressed as a percentage.It is calculated by dividing net profit with average operating assets for a given year. Formula: Return on operating Assets = Net profit / Operating assets*100 Return on operating Assets = (Answer) %age Calculation: Return on operating Assets| Year 2008| Year 2009| Year 2010| Abbott| 343980/5168443=6. 66%| 609072/4684635=13%| 1176944/4740615=24. 83%| | | | | Ferozsons| 217023. 829/1055296. 397=20. 57%| 182757. 453/952061. 759=19. 20%| 317542. 675/865565=36. 69%| | | | | Sanofi-Aventis | 38269/33338090=0. 11%| 167371/2785713=6. 01%| 224024/2399541=9. 34%| | | | |Note: Numeric Figures are mentioned in ‘000’ Working: No need to provide breakup of Net Profit (Numerator) are mentioned in profit and loss account of respective pharmaceutical. Operating Assets = Total Assets – (Intangible Assets + Capital work in progress+ Loans and Advances + Investments + other assets) Break-up of operating Assets Operating Assets Turnover| Year 2008| Year 2009| Year 2010| Abbott| 5790421-(0+392954+170071+2801+56152)=5168443 | 4964576-(0+159886+73056+4393+42606)=4684635 | 5049710-(0+202480+23580+44896+4393+33746)=4740615 | Ferozsons| 1868938. 102-(0+141831. 157 +223867. 36+438228. 405+9714. 907)=1055296. 397 | 1579909. 793-(0+171010. 120+215775. 559+205992. 988+35069. 367)=952061. 759 | 1481628. 536-(0+0204216. 826+217372. 560+194474. 564)=865565 | Sanofi- Aventis | 33484287-(339+ 119,808+21381+4669)=33338090 | 3439093-(114+ 618,974+29683+4609)=2785713 | 2984535-(729+550391+30549+3325)=2399541 | Graphical Representation and Trend Analysis: Interpretation and Comparison: Percentages of return on assets actively used to create profit of Abbott laboratory have been reasonable. Net profit has declined during 2008 that has caused comparatively low ratio.Ferozsons has also utilized its assets actually required to run the business. Its operating assets have improved over the years with reasonable net profit volumes. Sanofi-Aventis has not utilized it’s actively used assets efficiently to create revenue, consequently very low returns. Abbott has shown increasing trend from 2008 to 2010 due to comparatively high net profit. Ferozsons has shown a decreasing trend from FY 2008 to 2009 due to decline in net profit an d increased volume of operating assets. It has the highest percentage of 36. 69% in FY 2010 due to rapid increase in net profit.Sanofi-Aventis has shown increasing trend over the years due to substantial increase in the volumes of net profit but these percentages have been below average. It needs to improve its net profit. Ferozsons has utilized its revenue producing assets exceptionally well. It has been leading other two. On the other hand Sanofi-Aventis has shown very low percentages of return on operating assets and it has been unable to actively use its assets to create revenue. Abbott has shown noticeably improved performance but has not performed better than Sanofi-Aventis. 7- Sales to Fixed AssetsIntroduction: The fixed-asset turnover ratio measures a company's ability to generate net sales from fixed-asset investments –  specifically property, plant and equipment (PP&E) – net  of depreciation. It is generally expressed in times. It is calculated by dividin g net sales with fixed assets for a given year. Formula: Sales to fixed Assets = Net sales / Fixed assets Sales to fixed Assets = (Answer) Times Calculation: Sales to fixed Assets| Year 2008| Year 2009| Year 2010| Abbott| 7089163/1560835= 4. 54 Times| 8450118/1662785=5. 07 Times| 10995701/1877596= 5. 6 Times| Ferozsons| 932297. 994/610987. 413=1. 53 Times| 1085393. 578/735614. 952=1. 48 Times| 1273374. 822/742280. 446=1. 72 Times| Sanofi-Aventis | 4346528/1195978= 3. 63 Times| 6725708/1393461=4. 83 Times| 6158295/1409260=4. 37 Times| Note: Numeric Figures are mentioned in ‘000’ Working: No need to provide breakup of Net Sales (Numerator) are mentioned in profit and loss account of respective pharmaceutical. Fixed assets breakup (Denominator) = Property, Plant and Equipment-net  of depreciation, the said figure has been given in the balance Sheet.Graphical Representation and Trend Analysis: Interpretation and Comparison: Abbott laboratory’s performance is better as it is generating almost more than 5 times (on average) sales turnover as compared to its small amount of property, plant and equipment. Ferozsons seems to be lenient in producing sales as per the volume of Property, plant and equipment. It has overinvested in fixed assets. It needs to revive its sales by introducing new product’s range. Sanofi-Aventis has also done reasonably well to generate sufficient sales volume as compared to its small amounts of fixed assets.Abbott has shown increasing trend from 2008 to 2010 due to increased sales volume and comparatively small amount of fixed assets. Ferozsons has shown a decreasing trend from FY 2008 to 2009 due to overinvestment in property, plant and equipment. It has improved its ratio in FY 2010 by sufficient increase in sales volume. Sanofi-Aventis has shown increasing trend from FY 2008 to 2009 due to adequate increase in sales volume. It has declined in FY 2010 due to decrease in sales. Abbott has surpassed others by produ cing bulk sales volume with a relatively small mount of fixed assets. On the other hand Ferozsons has shown very low turnover that means it has overinvested in fixed assets. Sanofi-Aventis has shown effective job by producing better sales volume with minute amount of property, plant and equipment.. 8- Return on total equity Introduction: Return on equity  measures a corporation's profitability  by revealing how much  profit a company generates  with the  money  shareholders have invested. It is generally expressed as a percentage. It is calculated by dividing net profit with share holder’s equity for a given year. Formula:Return on total equity = Net profit / Share holder’s equity*100 Return on total equity = (Answer) %age Calculation: Return on total equity| Year 2008| Year 2009| Year 2010| Average| Abbott| 343980/3568512*100=9. 64%| 609072/3238460*100 =18. 81%| 1176944/3912539*100 =30. 08%| 19. 51%| Ferozsons| 217023. 829/826236. 891*100 =26. 27%| 182757. 453/970129. 401*100 =18. 84%| 317542. 675/1275765. 058*100 =24. 89%| 23. 33%| Sanofi- Aventis | 38269/1116612*100=3. 43%| 167371/1292449*100=12. 95%| 224024/1461403*100=15. 33%| 10. 57%| Note: Numeric Figures are mentioned in ‘000’ Working:No need to provide breakup of Net Profit (Numerator) are mentioned in profit and loss account of respective pharmaceutical. Share holder’s Equity breakup (Denominator) = Issued, subscribed ; paid-up capital + Reserves – capital + Reserves – revenue Issued, subscribed ; paid-up capital + (Capital Reserves + Revenue Reserves)|   | 2008| 2009| | Abbott| 979003+154777+2434732=3568512| 979003+173853+2085604=3238460| | | | | | Ferozsons| 144672. 768+321. 843+681242. 280=826236. 891| 173607. 322+321. 843+796200. 236=970129. 401| | | | | | Sanofi- Aventis | 96448+1020164=1116612| 96448+1196001=1292449| | | | Issued, subscribed ; paid-up capital + Reserves – capital + Reserves – revenue|   | 2010| | Abbo tt| 979003+197167+2736369=3912539| | | | | Ferozsons| 208328. 786+321. 843+1067114. 429=1275765. 058| | | | | Sanofi- Aventis | 96448+1364955=1461403| | | | Graphical Representation and Trend Analysis: Interpretation and Comparison: Abbott laboratory has yielded better profits on owner’s equity that is a positive sign for investors and lenders. Its return on owner’s equity falls in FY 2008 due to decline in net profit. Ferozsons has also done considerably better by yielding sufficient returns.It has also decline in returns during FY 2009 due to rapid decrease in net profit. Its owner’s equity has also improved over the years. Sanofi-Aventis has also slightly improved over the years as it has yielded nominal returns on investment in FY 2009 and 2010. It has very low returns in FY 2008 that should be a matter of concern for the management. Abbott has shown increasing trend from 2008 to 2010 due to increase in net profit volume over the years. Ferozsons has shown a decreasing trend from FY 2008 to 2009 due to substantial decrease in net profit.It has improved its ratio in FY 2010 by sufficient increase in net profit. Sanofi-Aventis has shown increasing trend from FY 2008 to 2010 due to slightly noticeable increase in net profit volumes but these are not attractive from investors’ point of view. Ferozsons has surpassed others by producing overall better average return that is 23. 33%. It has generated sufficient net profit volumes. Sanofi-Aventis has produced insufficient returns to satisfy its investors. It needs to watch over its policies for better performance. Abbott has also produced reasonable returns on owner’s equity. 9- Gross Profit Margin Introduction:It is used to assess  a firm's financial health by revealing the  proportion of money left over from revenues after accounting for the cost of goods sold. It is generally expressed as a percentage. It is calculated by dividing gross profit with net sales for a given ye ar. Formula: Gross profit Margin = Gross profit / Net sales*100 Gross profit Margin = (Answer) %age Calculation: Gross profit Margin| Year 2008| Year 2009| Year 2010| Abbott| 2097653/7089163*100= 29. 6%| 2321131/8450118*100=27. 53%| 3687038/10995701*100=33. 53%| Ferozsons| 540738. 562/932297. 994*100=58%| 584211. 298/1085393. 578*100=53. 82%| 633242. 518/1273374. 22*100=49. 73%| Sanofi- Aventis | 1055823/4346528*100=24. 29%| 1626599/6725708*100=24. 18%| 1753544/6158295*100=28. 47%| Note: Numeric Figures are mentioned in ‘000’ Working: No need to provide breakup of Gross Profit (Numerator) and Net Sales (Denominator) as these figures are mentioned in profit and loss account of respective pharmaceutical. Graphical Representation and Trend Analysis: Interpretation and Comparison: Abbott laboratory has reasonable overall gross profit margins. That’s why it has yielded sufficient returns on equity. Its net sale has increased over the years. It has a decline in gross p rofit in FY 2009.Ferozsons has also done exceptionally well by yielding the highest gross profit margins. It has the tendency to face adverse economic condition such as low demanding and price competition. Sanofi-Aventis has undermined overall gross profit margins. Its gross profit margins are not sufficiently enough to bear operating and non-operating expenses. Abbott has shown decreasing trend from 2008 to 2009 due to decrease in gross profit. It has revived in FY 2010 by yielding higher gross profit. Ferozsons has also shown a decreasing trend from FY 2008 to 2009 due to significant decrease in gross profit.It has decreased further in FY 2010 due to bulk net sales volumes. Sanofi-Aventis has shown almost same trend in FY 2008 and 2009 but an increase in FY 2010 due to higher gross profit. Ferozsons has left behind others by producing overall excellent gross profit margins. It has generated sufficient gross profit volumes to face unfavorable financial circumstances such as low dem anding and price competition. Sanofi-Aventis has produced insufficient gross profit returns to satisfy any stakeholder. Abbott has produced adequate gross profit margins to absorb operating and non-operating expenses.Chapter 4) Summary, Conclusion, Recommendations & Limitations: 4. 2) Conclusions * Ferozsons and Abbott have yielded sufficient net profits to recover all operating, non-operating expenses and taxation charges. They have the tendency to build up reserves after paying all fixed interest charges and dividends. Sanofi-Aventis has yielded very low net profit despite reasonable sales volume due to escalating cost of goods sold, operating and non-operating charges. * Abbott laboratory and Ferozsons are efficiently managing its assets to generate profit.Sanofi-Aventis has low volumes of net profit with higher size of total assets that depicts its not utilizing its assets properly to generate profit. * Abbott laboratory and Ferozsons have yielded greater volume of profits along with an increase in its total assets and sales volume over the years. Its higher ratio depicts the higher generating rate of its wealth. Sanofi-Aventis has very low net profit margins but reasonably well total assets turnover rate that depicts lower generating rate of its wealth. * Ferozsons has the highest operating income margins that depict better pricing approach and operating competence.On the contrary Sanofi-Aventis has shown the lowest volume of operating profit margins that shows its flaws in pricing tactic. Abbott has shown adequate operating profits to meets its fixed costs. * Sanofi-Aventis has shown its efficiency at its best in managing significant assets like Property, Plant & Equipment, Stock in Trade and Cash with bank balances. On the other hand Ferozsons and Abbott have shown comparatively low Operating Assets Turnover in utilizing operating assets for generating sales. * Ferozsons has utilized its revenue producing assets exceptionally well.On the other hand Sano fi-Aventis has shown very low percentages of return on operating assets. Abbott has shown noticeably improved performance on the whole. * Abbott has produced bulk sales volume with a relatively small amount of fixed assets. Ferozsons has shown very low turnover that means it has overinvested in fixed assets. Sanofi-Aventis has shown effective job by producing better sales volume turnover with minute amount of property, plant and equipment. * Sanofi-Aventis has produced insufficient returns to satisfy its investors. Ferozsons has produced enough returns on owner’s equity whereas Abbott has also yielded reasonable returns.It is a good sign for prospect investors. * Ferozsons has generated sufficient gross profit volumes to face unfavorable financial circumstances such as low demanding and price competition. Sanofi-Aventis has produced insufficient gross profit returns to satisfy any stakeholder. Abbott has produced adequate gross profit margins to absorb operating and non-opera ting expenses. 4. 3) Recommendations * Ferozsons and Abbott need to keep scheming in the same way to keep curtailing cost of goods sold, operating and non-operating expenses. Sanofi-Aventis really need to look its profit yielding capacity.It should review and improve its product range. Furthermore effective management policies can produce the required results. * Ferozsons and Abbott need to retain effective management policies by utilizing more assets for the generation of higher profits in future. Sanofi-Aventis can yield better profit by utilizing its assets proficiently through effective management role. * Ferozsons and Abbott have reasonable Dupont return on Assets with sales spectrum. Sanofi-Aventis needs to improve it by curtailing its cost of goods sold, operating and non-operating expenses. Better profits always enhance investors’ confidence and it matters in the end. Ferozsons and Abbott have reasonable operating income margin and they need to keep strengthening bett er pricing approach and operating competence. Sanofi-Aventis requires implementing improved pricing tactic to attain better operating proficiency. * Abbott and Ferozsons need to utilize operating assets more effectively to improve their turnover as per sales volume. Sanofi-Aventis has unexpectedly better turnover, it should keep utilizing operating assets in the same manner. * Sanofi-Aventis needs to utilize its revenue producing assets in a better way. Abbott and Ferozsons should retain their current line of action. Ferozsons needs to downsize overinvested in fixed assets. Abbott and Sanofi-Aventis should keep their approach towards utilizing its fixed assets in terms of sales volume. * Sanofi-Aventis needs to watch over its policies for better return on owner’s equity to retain its investor confidence. Ferozsons and Abbott have to retain their pace in retaining current returns on owner’s equity. * Sanofi-Aventis needs to improve their selling strategies to improve pr ofit margins. Abbott and Ferozsons can increase gross profits by implementing more effective management policies. Section II a) Introduction of the student Last degree Obtained: B. ComOrganization’s Name: Wisdomhouse School Designation: Owner/Principal Experience: 7 Years b) Bibliography †¢Vu hand Outs †¢Internet sources †¢www. investopedia. com †¢http://www. accountingtools. com/fixed-asset-turnover-ratio †¢http://www. abbott. com. pk/11_Financial. htm †¢http://www. pakistaneconomist. com/database2/pdffiles/Pharmaceutical/Abbot/Year%202008/ALAnnual-%20Y08. pdf †¢http://www. ferozsons-labs. com/investor. htm †¢http://www. sanofi-aventis. com. pk/l/pk/en/layout. jsp? scat=59A5026C-701D-4C54-B1EC-E7788EA00832 †¢Ross, S. A. , R. W. Westerfield and B. D. Jordan. Essentials of Corporate Finance (1999), 2nd Edition, Irwin/McGraw-Hill.