The secret to success of East Asian economies Essay examples -- Intern

Since the finish of the subsequent universal war, numerous East Asian economies have seen a â€Å"miraculous† development. What's more, with such a large number of different countries still in neediness, financial analysts and pioneers are turning their eyes towards the â€Å"East Asian tigers† to check whether they can reproduce their outcomes. When taking a gander at the realities clearly the conditions confronting the East Asian countries were very not the same as the ones that countries face today. Be that as it may, outside of these distinctions a free model of the East Asian supernatural occurrence can be used in Third World countries today and, considering the high achievement pace of such a significant number of the East Asian economies, would in all likelihood observe positive outcomes. The key to accomplishment of East Asian economies is the hand that the legislature has had in modern illicit relationships. Beginning during the 1950s countries like china started making strides towards brought together government through change. One case of this would be the Chinese land change of the 50s under the new Mao Zedong's socialist system (Blecher, 2010:p.27). This land change removed the oligarchic control of the landowners, changing the feudalistic arrangement of landlordism over to a progressively free enterprise type of communism in which the legislature has the control. This is unmistakably an exceptionally essential piece of the industrialization procedure the same number of countries that have fizzled with the agrarian change keep on winding up attempting to escape destitution. A cutting edge case of this would be Brazil, where the country proprietors have slowed down such a change that may disassemble their standard over workers ranchers and inhabitants (Kay, 2002: p.1076). The organization of land change was a fundamental piece of industrialization in East Asia, dissimilar to different countries it was presented before the economies had stood up and w... ... to ever genuinely rehearse complete organized commerce, just even opened its outskirts in the nineteenth century (Chang, 2003:23). Regardless of this, Industrialized countries, with the United States at the front line, keep on upholding for more 'opportunity' in the economies of creating countries, asserting that there is no other method to be liberated from neediness. By doing this they portray themselves as wolves in sheep's clothing calling for more market-opportunity when in actuality countries who practice state mediation, as they did during before stages, have seen progressively monetary achievement. Two incredible models would be China and India who both have a significant level of state association in their separate markets, yet the two countries have become the model for creating countries in the 21st century (Chang and Grabel, 2004:13). In any case, for reasons unknown the West keeps on pushing a strategy that they themselves have scarcely utilized.

New York Essay Example | Topics and Well Written Essays - 2000 words

New York - Essay Example Start of 1920s and first light of 1930s checked extraordinary advances throughout the entire existence of the music history. Phonograph record changed over into the essential technique for dispersing music. Music industry who was so quick to find different methods of making benefit understood that the piano moves, record and sheet music would all be able to be combined. Be that as it may, jazz music showed up while the entirety of the revelations were made. Jazz was initially established in New Orleans, from the get-go in 1900s. As the open doors for business expanded, both white and dark moved towards New Orleans. The majority of the artists were offered chances to work in little ballrooms, dance halls and men's clubs. (1) The early players of jazz for the most part used to play as solo musicians or in little groups. Aside from walks and jazz, it incorporated a wide range of blues and mainstream move music. Frequently, groups used to play in marches, burial services, picnics and so on. In any case, jazz and blues has before raised jazz and continued to stay in the situation close by to it. It had likewise impacts the style of jazz and gave significant vehicles to its improvement. In New York, during 1920s, an assortment of jazz artists showed up on the scene. However, at that point, the lead voices were utilizing generally answerable for expressing song, for example, horns and groups. Louis Armstrong, one of the greatest jazz performers at any point extended the scope of the music. He was a stunning improviser. Armstrong alongside different artists of his age changed the design of jazz by getting soloist front of the general population. In spite of the fact that, in his account bunches accordingly the hot seven or the hot five showed that innovativeness of jazz could go a long ways past bit of music. Consequently, he made some imaginative tunes upheld by the harmonies of the underlying melody. Louis Armstrong additionally settled a standard for the jazz artists, not because of the change of songs yet in addition by ad libbing without verses

How to Write a Research Argument Paper

How to Write a Research Argument PaperWhat are research and how do you write a research argument paper? To those who are not aware of this, it is the actual process of doing research in order to present research on a particular topic. The research was done by a person or organization in an attempt to prove or support their arguments.But writing research argument papers is not a very easy thing to do. Although it is always easy to do research, writing a research paper requires a lot of efforts. There are many ways to begin and you should know that it will take time.Research is done by people, companies and organizations. They usually collect information for research purposes such as in an academic setting, business setting, government or military applications. The main aim of doing research is to gain knowledge on a specific topic so that they can later use it to their advantage in the case that their arguments are convincing.In researching, the first step to write research papers is gathering the basic information. The kind of information that you will gather for your research is the background on the topic and how it has been used in the past. And the next step is about compiling your information based on the common patterns.After gathering the information, you will then start writing your argument papers. The purpose of the argument papers is to substantiate or support the ideas in your research papers. Your research papers are the part of the proof that you will present.Now that you know the basics, you will now want to learn how to write an argument papers that will work well. You will now want to try to integrate new information with the information already collected. For example, you may already know that a certain company produces a particular product but it is not known whether or not the product is really effective. However, you may already know some useful tips and strategies that have been used by other companies that produce the same product.When yo u add information and facts that are actually valid reasons for supporting your opinion, your argument paper will be more convincing. A persuasive argument paper will normally have a premise for having one's position justified. This is because once you start presenting your argument, other people will start to get curious on the topic and will start to question your stance. They will see if your idea is true and how good you are in using this information.Before you even try to write a research paper, you must gather all the facts needed and put them into a logical order so that they are still seen as valid grounds. In this way, you will be able to easily present your idea and will have an easier time in proving your point.

China s One Child Policy - 1745 Words

China’s One Child policy is a policy that the Chinese government introduced in 1979 to try and solve the problem of overpopulation. The Policy’s main purpose was to make sure that China could support its large population with facilities such as healthcare, education, housing, good jobs and most importantly, food. The aim was to reduce poverty and to improve overall quality of life for the people. China’s one-child policy has led to unintended and negative consequences, such as a diminishing labor force, an aging population, the neglect of basic human rights, and an unbalanced sex ratio gender population. To improve China’s situation, the policy should be reversed. Twenty-five years after it was launched, China’s one child population control policy is credited with cutting down the population growth to an all-time low and contributes to decades of spectacular economic development. Today, as China contemplates the future of the one child policy, many argues a point that a change that allows couples to have two children will not lead to uncontrollable population growth. Instead, it could help meet the fertility desires of most Chinese couples; avoid a worsening of the demographic and social consequences already evident. As a result, changes will need to come soon rather than later if China is to avert even greater negative consequences of the policy (Can China Afford to continue its one-child policy?). The one-child policy began when the centrally planned economy was stillShow MoreRelatedChina s One Child Policy1000 Words   |  4 PagesChina’s One Child Policy. This is something that I am against. I do not think you should limit a family to one child. There are many problems with this policy that I do not think were thought about when the policy was created. I have not found many good things about this policy. The only positive thing I have found about this policy is that it creates many chances for adoption. But most of these children who are up for adoption do not get adopted. So I do not support China’s one-child policy. One reasonRead MoreChina s One Child Policy1227 Words   |  5 PagesThe one child policy in the Peoples Republic of China has recently been lifted to allowed families to freely have two children rather than one. This policy, introduced to China in the late 1970’s, was due to a massive baby boom which had taken place in the 1960’s. In the early to late 1950’s the Chinese government had encouraged its citizens to produce children at a rapid rate in the hope of building a larger work force (Managing Population Change Case Study: China). In order to counteract this boomRead MoreChina s One Child Policy1631 Words   |  7 PagesThe One Child Policy China has had the new population control for almost 36 years, composed by the one-child policy and prohibited excess reproduction. The birth control plan has received praise on reducing the population, but also received criticism over the late 20th century. In 1979, couples were forced to pledge not to give second birth or bear any more children (Feng, 2014). From 1979 to 2015, while the population growth rate has reduced substantially, this implementation has been tremendouslyRead MoreChina s One Child Policy1925 Words   |  8 Pagespeople. It is the most populous country in the world and it is only increasing. The Chinese government has spent more than 40 years trying to slow their population growth. They have done so through their controversial one child policy. There is no denying that China’s one child policy changed the lives of Chinese citizens when it the Chinese Communist Party [CCP] in 1979 as a way of controlling population. Under Mao, the government encouraged fa milies to have as many children as possible, believingRead MoreChina s One Child Policy964 Words   |  4 PagesThus, by 1975, the Chinese government had reversed their policy on population growth (Clarke), adopting the slogan â€Å"Later, Longer, Fewer.† This campaign urged couples to have two to three children and to begin reproducing at a later age, as well as promoting improved sanitation and healthcare to as to increase life expectancy (â€Å"5 Things to Know About China’s 1-Child Policy†). In 1979, the Chinese government introduced the One-Child Policy, which consisted of a set of regulations governing the approvedRead MoreRepercussions Of China s One Child Policy883 Words   |  4 PagesChina’s One Child Policy â€Å"China Will Have another Major Demographic Problem,† is an article on About.com written by Matt Rosernberg. It explains the great imbalance between man and women due to China’s One Child Policy, and how this situation will disturb the stability and development of China because the high numbers of bachelors tend to damage community by doing crimes and violence. The policy says that a couple could only have a child. This was created as a temporary solution since China was overpopulatedRead MoreChildren Of The Dragon : China s One Child Policy1298 Words   |  6 PagesChildren of the Dragon: China’s One-Child Policy The earth’s growing population is a global concern. Both developed and third-world countries, are experiencing shortages of food, water and access to adequate healthcare. Although the poorest are hardest hit, even powerful countries like the United States and Great Brittan have been affected. Recent shortages of medication and fuel are contributing to speculation and concern. Governments the world over are turning to alternative energy and sustainableRead MoreUnintended Consequences Of China s One Child Policy1907 Words   |  8 Pagescontradicts the one-child policy implemented in China. The one-child policy was a program designed to restrict Chinese families to only one child, with severe consequences lined up for those who disobeyed. It was met with harsh opposition, from Chinese citizens as well as from other countries. The policy succeeded in creating smaller families, but it unleashed a slew of unintended consequences, including a higher crime rate and an increase in the elderly population, who only have one child to supportRead MoreChina s One Child Policy : Destructive Or Constructive?2001 Words   |  9 PagesChina’s One-Child Policy: Destructive or Constructive? Classical Argument Essay China’s one-child policy has created a wide range of debates as to whether it is helpful or detrimental to the country due to the conditions it holds. In 1978, China discussed a law stating married couples could only have one child within their lifetime. This policy was eventually applied a couple years later, in 1980, after they discussed the various terms of the policy. After several years of action, China added flexibilityRead MoreChina And Indi Driving Forces Of Overpopulation712 Words   |  3 PagesEmre Can AydÄ ±n Writing Assignment 104A 03/15/2015 China and India: Driving Forces of Overpopulation According to BBC, India s population reached nearly 1.21bn (India census: population goes up to 1.21bn). China is also has the population of 1.36bn according to Chinese Government (China Statistical Yearbook-2014). That s almost the half of the Earth s population. There are negative outcomes of this situation like poverty, depletion of resources and disturbed cultural structures. Actually

Online Education And Face With Face Education Essay

Online Education and Face to Face Education Online education (also known as e-learning) is gathering momentum across all universities, all disciplines and across all age groups of university students. Online education can be defined as technology-based learning in which learning materials are delivered electronically to remote learners via a computer network. A recent survey by Babson College [1] indicates in Fall 2014, 28% of students in U.S. were enrolled in a minimum of one online course. This is 3.7% higher from the earlier year. This rising popularity can be attributed to many factor including (a) The rise of technology and visualization tools to enhance the educational experience of students (b) The demands from working professional for them to have flexibility in taking courses at any time so that they can strike a balance between their educational goals and professional and personal lives [2] (c) The rising tuition costs in face to face courses (d) The lack of classroom infrastructure in the universities to accommodate high enrollment and more students in the campus (e) Learning at a pace that is appropriate to the students skillset and (f) freedom for those who are overwhelmed or feel stressful in the classroom environment. This increasing popularity often translates to another question: Can online education replace face to face education, in the coming years? My position on this, is that the face to face learning is more effective, highly impactful, it hasShow MoreRelatedFace-to-Face Versus Online Education972 Words   |  4 PagesMcGurren Com. 103 March 4, 2004 Research Paper 1 Face-to-Face Versus Online Education Education is essential to the future of our society. Many adults, including scholars and teachers, are constantly searching for the best way to educate students today. Face-to-face education, being the genuine form, seems to be the first choice of many students. However, online education is becoming more popular and is being used more often at universities. Online courses are convenient for some who have busy schedulesRead MoreComparing Face to Face Nursing Education versus Online Options1407 Words   |  6 PagesEducation is evolving due to the impact of the Internet. Change is necessary to engage students; this generation of students has the advantages of instant knowledge that previous generations did not have. Academic facilities, specifically nursing, are slowly adjusting to technological advances in education and are hesitant in accepting online courses as a creditable source of teaching. The purpose of this study is to compare traditional, face-to-face nursing education to ed ucation delivered throughRead MoreOnline Education : An Effective Way For Students991 Words   |  4 PagesOnline education has been proven to be an effective way for students to finish their college career. Since online education started, students who decide to take online courses have now many opportunities to finish their career without having to be on campus. Online education gives students who have a very tight schedule the opportunity to take classes online without having to worry about being on a classroom. Students who usually take courses online tend to think that it can be easier, rather thanRead MoreOnline Learning Vs. Online Education1372 Words   |  6 PagesOnline education is growing in popularity as more colleges and universities offer alternative enrollment programs. While there may be advantages and disadvantages of online learning. The advantages outweigh the disadvantages, especially for those who may face obstacles in pursuing a college education. Online educ ation can be an alternative means to classroom instruction. Online instruction allows students to have a flexible schedule while taking college courses. Moreover, flexibility and convenienceRead MoreEssay on Is Online Instruction an Efficient Form of Education?1247 Words   |  5 Pageschanged our life in many ways, such as online education. In 2002, more than 1.6 million college students took online courses and unsurprisingly, this number almost tripled in 2008 (Allen and Seaman, 2010). Queen and Lewis found (2011), â€Å"74% of school districts with distance education programs planned to expand online offerings over the next 3 years.† However, although many students and instructors are using online education, the debate about the efficiency of online instruction comparing with that byRead MoreOnline Education And Online Schools946 Words   |  4 Pagestypes of schools starting with online and public. How would someone know which one to choose? While some believe the quali ty of online education isn’t as good as a regular school’s, online school is just as effective or more and should be continued as a teaching resource because online students are getting higher test scores and more options are offered by online schools. One of the reasons why online school is more effective than regular school is by cause of online students have shown higher testingRead MoreCommunication : The Importance Of Face To Face Communication1108 Words   |  5 Pages Face-to-face communication was once the only means of communicating. There was a time when the only way to communicate with loved ones at a distance was through telegraph. One would send a messenger with a telegraph to read aloud to another person. Then came along the next method for communicating, sending hand written letters and postcards. Imagine being the wife of a soldier away at war and hearing from your husband every few months through letters. Phones eventually became a popular way toRead MoreDoes Online Professional Development Provide A Better Learning Environment And Opportunity For Involvement?1551 Words   |  7 PagesOnline Professional Development: Environment and Involvement Amanda Gilman Concordia University A Research Report Presented to The Graduate Program in Partial Fulfillment of the Requirements For the Degree of Masters in Education Concordia University - Portland 2015 Does online professional development provide a better learning environment and opportunity for involvement? Review of the Literature This literature review was started in an effort to examine the question: Does onlineRead MoreOnline vs. Traditional Education1096 Words   |  5 PagesOnline vs. Traditional Education Have you ever had the opportunity to take online classes? Have you even heard of online classes? If you haven’t, you are missing out on a great opportunity. Online education is rapidly becoming a popular alternative to traditional education. It is offering more flexibility for students and providing individuals with better opportunities for postsecondary education. Even though traditional education has been the only form of education for hundreds of yearsRead MoreOnline Classes Are Rapidly Becoming A More Popular And Accepted Option Among Students1493 Words   |  6 PagesOnline classes are rapidly becoming a more popular and accepted option among many students. An online course is a course where all or most course material is delivered online and there is little to no face-to-face contact with the instructor or other students in the class. Although online classes have been around for quite a long while, they have only recently become more popular among students. Acc ording to one article on the topic of online education, â€Å"6.7 million students enrolled in at least

The East India Company - 961 Words

The East India Company was a British joint-stock company establish on the 31st of December, 1600 under the original name ‘The Company of Merchants of London trading into the East Indies.’ Over the next hundreds of years the Company set a sail attempting to find riches in trade on their journeys to these new lands. They found value in crops such as indigo, salt, cotton, silk, opium and other cash crops that the barren land of Europe lacked. This would be the company that would set sail to the land of India and dominate its soil from the middle of 1700’s to the middle of the 1800’s. In a little over fifty years the East India Company was transformed from a body of traders controlling a scattered group of commercial settlements round the coasts of India into the rulers of provinces with a population popularly supposed in Britain to contain fifty or sixty million inhabitants. The Company was able to find its growth and power from wealthy merchants and aristocr ats that would invest their money into the Company after seeing how successful they were becoming. A healthy amount of these wealthy investors were part of the British Parliament. This intertwined government views and beliefs with the business side of views and beliefs. With more and more backing though, the Company slowly grew a ship or two every now and then until they were a full fleet of trade ships moving massive amounts of crops. Colonies were eventually set up and the land was taken for the new Englishmen, whoShow MoreRelatedThe British East India Company1743 Words   |  7 PagesThe British East India Company first gained power in Bengal in 1757, after the Battle of Plassey, when the Nawab of Bengal Siraj ud-Daulah surrendered his dominions to the Company. By 1773, when the Company settled their capital in Calcutta, they appointed their first Governor-General, Warren Hastings, and henceforth became directly involved in the governance of almost all of India.When it came to the education policies that the Company implemented in India, not every Governor-General had the sameRead MoreThe British East India Company2050 Words   |  9 PagesBritish East India Company was an English and later (from 1707) British joint-stock company formed for pursuing trade with the East Indies but which ended up trading mainly with the Indian subcontinent. The East India Company traded mainly in cotton, silk, indigo dye, salt, saltpetre, tea and opium. Shares of the company were owned by wealthy merchants and aristocrats. The government owned no shares and had only indirect control. The Company eventually came to rule large areas of India with itsRead MoreBritish East India Company514 Words   |  2 PagesThe British East India changed the lives of both people in Britain and people in Asia. In Britain it changed their lives by making them rich, introducing them to new products and providing them with foreign luxuries. The British East India Company bought products such as pepper and porcelain back to Britain to be used by the people. It also introduced new things like tea and cloves. The British East India Company was a trading company that traded with Britain and Asia. The Company itself made lotsRead MoreEssay on British East India Company1068 Words   |  5 PagesBritish East India Company The East India Company began as a commercial enterprise established for the British to pursue trade with the East Indies, specifically the Indian subcontinent. Queen Elizabeth of England had issued a royal charter for this company which led to the substantial power that East India Company gained in India. The company James Lancaster’s voyage to the East Indies led to the founding of the East India Company (Halliday 106). The attraction to the Indies began in the fifteenthRead MoreThe English East India Company1785 Words   |  8 PagesThe Portuguese Working Under the English East India Company at Fort St. George Madras in the Seventeenth Century The success for the English East India Company making inroads in the Coromandel was due to the Anglo-Portuguese Truce (1630), which made possible for the foundation of an English settlement in 1640 at Madraspatnam. With the establishment of Fort St. George in 1640, slowly the migrants begin to settle down with the promise of no tax for thirty years, ‘the term of thirty years only no customRead MoreThe British East India Company1565 Words   |  7 Pagescontrol over the profit a company gain, it is easier if the company control the trading market. This is why during the 16th century, the period when independency of a nation was fragile, chartered trading companies such as the East India Company (EIC) eventually colonised its foreign markets. During this period, there were other trading companies that held similar approach (colonising foreign trading market) such as the Dutch East India Company (VOC) and Hudson’s Bay Company, however, this essay willRead MoreThe British E ast India Company Tea Trade1764 Words   |  8 PagesThe British East India Company Tea Trade In a royal charter granted by Queen Elizabeth I, a group of ambitious Englishmen created something they never could have fathomed the lasting effects of. The British East India Company was much more than a means of trade, it brought countries together and it tore them apart. It sustained a powerful empire and brought corruption where corruption never existed. Trade was the prerogative but power was the motive. The British East India Company serves as a paradigmRead MoreThe Army of the British East India Company Essay1749 Words   |  7 PagesChapter 4: The Army of the British East India Company The army of the British East India Company in the Bengal Presidency, prior to the Sepoy Rebellion of 1857-1858, was based heavily on native models in keeping with the limited goal of the Company in India: to make profits, but avoid upsetting the traditional order as much as possible. Robert Clive and Warren Hastings were the fathers of the Honorable Companys army in India prior to 1857, but they in turn based their policies on the armiesRead MoreFor Queen and Country: The British East India Company Essay967 Words   |  4 PagesWhen most people think of the British East India Company, they think of tea, but the English trading group was so much more. The state-backed company used game-changing policies in their business with India and other countries that interacted with Great Britain. While the Company was wildly successful in many of those ventures, they were also involved in many important political events of their time. The British East India Company’s innovative policie s and practices, such as their achievements inRead MoreThe Role of the British East India Company Essay836 Words   |  4 PagesBritish East India Company played a significant yet strange part in the Indian. It was, at its inception, a commercial venture in the history of The British Empire, which was established in the year 1600 in the subcontinent. The main reason for entering the subcontinent was trade, making money and importing spices from South Asia. It was the Portuguese who used all their skills and their navigational technology to enter this great area first, and start trade in the most profitable manner they could

Fundamentals of Financial Management A Report

Question: Mr. Smith is a busy entrepreneur. A financial advisor decides where to invest Mr. Smiths stock portfolio worth several million dollars. After a few years, Mr. Smith hires two consultants to independently evaluate the performance of his stock portfolio. These consultants were given daily data on the total dollar value of portfolio, as well as the data on the episodic infusions of cash from Mr. Smith. I cant trust these guys, says Mr. Smith. It is true they found the same return, but the riskà ¢Ã¢â€š ¬Ã‚ adjustment calculations dont match. Consultant 1 report that Mr. Smiths stock portfolio had an annual Sharpe Ratio of 0.43, and while a broad stock market index had an annual Sharpe Ratio of 0.39. He also found an annual CAPM alpha of 1.54% per year. In contrast, Consultant 2 report annual Sharpe Ratios of 0.41 and 0.40 for Mr. Smiths portfolio and for a market index, respectively, and an annual CAPM alpha of 0.12%. Can both consultants have correct calculations? Explain in detail. Answer: The following report is about scrutinizing about the reports given to Mr. Smith by his two consultants. Sharp ratio is calculated by subtracting risk free return from market return and then dividing by portfolio standard deviation. Higher the value of sharp ratio, more return the investor can expect to earn for extra volatility they are exposed to. Same risky investment should be compensated with same return. For one portfolio there can be only one value of sharp ratio. Two consultants gave two contrasting figures which are not acceptable as the same data and formula should be used to arrive at the figures. The two consultants figures match when they gave their return as they didnt considered the risk factor which is somewhat an inappropriate method to measure portfolio performance. Consultant 1 gave an annual sharp ratio of 0.43 while consultant 2 gave an annual sharp ratio of 0.41 which is contradictory. Since both portfolios gave same value of return, their value of risk should also be same. There also gave conflicting results on broad stock market index (Brigham Houston, 2004). Co nsultant 1 gave an annual sharp ratio of 0.39 while consultant b gave an annual sharp ratio of 0.40.though the differences in less but the value should be equal either of the result would be absolutely correct and hence either of them would be perfectly correct. Alpha is a method of portfolio measurement on a risk adjusted basis. Taking the volatility of a mutual fund into consideration alpha compares its risk adjusted performance to a benchmark index. Alpha is among five technical risk ratios. The other ratio are standard deviation, beta, Sharpe ratio which has explained earlier and r-squared. They are used in modern portfolio theory and are statistical measurement. They are all used to decide risk reward profile of mutual fund. In simplified terms alpha represents the value that a portfolio manager adds or subtracts from a funds return (Paramasivan Subramanian, 2009).they are all risk adjusted way of evaluating a portfolio. Both consultants cannot have the correct calculation. Annual CAPM alpha of less than 0 implies the portfolio has earned too little for its risk while than of more than one implies the investment has earned more than its risk .annual capm value equal to zero implies that they the port folio has earned equal to their value of risk 3. Consultant 1 gave an annual CAPM alpha of 1.54 % while consultant 2 gave an estimate of 0.12%. The two consultants have given two quiet different figures for the alpha and hence either of the two can be correct (Shim Siegel, 2000). They should give the same figure as they have used the same data for calculating the risk. Thus it can be concluded that Mr. Smith should consider choosing either consultant 1 or consultant 2 opinions as it is not possible that both of them are correct. He should arrive at his judgment after seeing how these figures are calculated and after proper scanning as he might be mislead by different results. References Brigham, E., Houston, J. (2004).Fundamentals of financial management. Mason, Ohio: Thomson/South-Western. Paramasivan, C., Subramanian, T. (2009).Financial management. New Delhi: New Age International (P) Ltd., Publishers. Shim, J., Siegel, J. (2000).Financial management. Hauppauge, N.Y.: Barron's.