2012年财务报表分析外文翻译--菲律宾教育业上市公司财务指标的对比分析（节选）

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1、中文 3100 字， 1800 英文单词， 1 万英文字符 文献出处： Tugas F C. A Comparative Analysis of the Financial Ratios of Listed Firms Belonging to the Education Subsector in the Philippines for the Years 2009-2011J. International Journal of Business and Social Science, 2012, 3(21).173-190 A Comparative Analysis of the Fina

2、ncial Ratios of Listed Firms Belonging to the Education Subsector in the Philippines for the Years 2009-2011 Florenz C. Tugas Abstract Most financial statement analyses focus on firms belonging to industries that either contribute significantly to economic figures or posit in a highly competitive bu

3、siness environment. Whatever the motivation may be, financial statement analysis should be made available to all industries for reasons of comparability and benchmarking. So much so to industries that silently propel economic development and growth, of which the education subsector is. In the Philip

4、pines, there are only three listed firms in the education subsector. These are Centro Escolar University (CEU), Far Eastern University (FEU), and iPeople, Inc. (Malayan Colleges). This research paper aims to analyze the financial statements of these three firms for three periods (2009, 2010, and 201

5、1) using liquidity ratios, activity ratios, leverage ratios, profitability ratios, and market value ratios. For liquidity, the following ratios were used: current ratio; quick or acid-test ratio; cash flow liquidity ratio; average collection period; and days payable outstanding. For activity, the fo

6、llowing ratios were used: accounts receivable turnover; accounts payable turnover; fixed assets turnover; and total assets turnover. For leverage, the following ratios were used: debt ratio; debt to equity ratio; and times interest earned. For profitability, the following ratios were used: operating profit margin; net profit margin; return on total assets; return on equity; and basic earning power ratio. For market value, the following ratios were used: price-earnings ratio; market-book ratio