Black People and Racism Essay Example for Free

Black People and Racism Essay â€Å"There are hundred of races in the world. Unfortunately, for as long as human have existed, we have enslave those weaker, of those we perceived to be weaker than ourselves†(thinkquest). Racism is everywhere, and we often see it on the streets and schools. There are many short stories and poems that are termed as racist. â€Å"On Being Told I Don’t Speak Like a Black Person† by Allison Joseph, â€Å" Sonny’s Blue† by James Baldwin, and â€Å" Blink Your Eyes† by Sekou Sundiata are renaissance works that show the issues of racism that black people had lived and are still living today. In â€Å"On Being Told I Don’t Speak Like a Black Person† by Allison Joseph, the author tells the story about a young Negro whose mother received brutal treatment in her school in England. In the beginning, Allison says: â€Å"Emphasize the â€Å"h†, you hignorant ass†(557). This shows that the â€Å"h† is sarcastic, and the â€Å"tone condescending intensifies racism†(Caroline). They might have used the emphasis of â€Å"h† to humiliate the negro, to make them feel bad about their skin color, and to show the negro that they cannot fit in the white society even if they become educated. Negros have suffered horrible experiences. Allison wrote about the way teachers treated Negro in school. She says: â€Å" †¦teachers slapped her open palm with a ruler in that Jamaican schoolroom†(557). Allison’s mother lived under a white teacher’s pressure, and the teachers showed this negra that she will never learn how to speak like the whites, and they can spank her because she is black, and blacks cannot do anything against the teachers because the whites have the power and the Negro is a submissive servant. In addition, Allison also shows her own life in the United States. Allison is a black person living in the United States, and she sees people discriminating her because she does not act like a black person. Allison writes: â€Å" And I didn’t sound like a Black American, college acquaintance observed, sure they knew that a black person was supposed to sound like. Was I supposed to sound lazy† (557) Allison shows that America’s society judge the black just for their skin color, and most white people see the Negro as lazy, and do not work to bring money home, do not go to school, and do not know how to speak. For example, some restaurant servers prejudice the Negro when they walk into the restaurant by making their own assumption that the table with Negro will not leave any tip. However, in many cases, they are wrong because the table with Negro might leave more tip than a table with white people. Racism is not gone. The Negro is still facing it today, but racism today is expressed differently than it was in the renaissance era. During the renaissance in Harlem, the Negro did not have enough opportunities for their future due to racism. In â€Å"Sonny’s Blue† by James Baldwin, the author tells the story of two black brothers born in Harlem, and the older brother losses communication with his young brother, Sonny. The older brother is the narrator of the short story. Later on, they reconnect due to news the narrator receives about Sonny’s prison. Before the narrator reconnects his life back to his brother, he shows many problems both had because they are Negro. Racism is evident throughout the story. The narrator wrote about Sonny’s friend. â€Å"And now, even though he was a grown-up man, he still hung around that block, still spend hours on the street corners, was always high and raggy†(310). It shows that the Negro do not have opportunities to become successful in life. The Negro has barriers between them and the outside world, which prevent most negro to obtain education or skills, and they are obligated to live on the streets corners asking for money, using drugs and stealing. In addition, the narrator also shows how racism affect the education of a negro which can be describe as Sonny’s choice of life. Sonny choice of life relates to the lack of opportunities black people have during the renaissance in Harlem. After the death of Sonny’s mother, the narrator tries to open Sonny’s mind, and advises him to finish school. In the kitchen talking to Sonny, the narrator writes: â€Å"I want to join the army. Or the navy, I don’t care. If I say I’m old enough, they’ll believe me†(321). Sonny already knows that there aren’t opportunities for him. He is forced to choose among necessities; he sees the army as the only opportunity open for Negro to escape from the streets. On the other hand, the school will give him the degree, but he does not believe that it will help him find a good job. He already knows that there are no doors open for the Negro. However, the narrator disagrees with Sonny. They are still in the kitchen talking about Sonny’s future. â€Å"†¦ But if you don’t finish school now, you’re going to be sorry later that you didn’t†(321). His brother is showing him that he can fight against racism, and he can find opportunities for his life. For example, His brother â€Å"denied† racism, and he gained education and skills to become an algebra teacher, but Sonny does not see it, and he chooses to live on the street like his â€Å"friend†. In addition to the lack of opportunity, black people are more often to be discriminate in traffic than whites. In the poem, â€Å"Blink Your Eyes† by Sekou Sundiata, the author shows the reader a Negro is stopped by the police officer because he is black even though the Negro didn’t do anything wrong. The author writes about the red light. â€Å"But the Law said I was on my way thru a red light red light red light†(582). The following passage, the red light means that this area is not for Negro. It is a neighborhood where white people live, and black people around can be seen as a threat to their place. However, this is not an excuse for the officer to stop this person. Sundiata let the reader know that â€Å"†¦In other words the light was green†(582). The green light is open only for the white society; the Negro does not have chances to go to another level, so the door â€Å"always† will close for them. After the officer stops the negro, Sundiata writes: â€Å" Why did you stop me? Somebody had to stop you I watch the news, you always lose. You’re unreliable, that’s undeniable† (583). The white society do not want to let the negro have opportunities in life, and the negro will be always seen as a threat to the society, and the white society does not need them. The negro does not have the power to stop racism, and it will always be part of their life. However, it is changing. The negro has more voice today than in the past, and they are more recognized. For example, Oscar Grant’s case where a young black guy was murdered by a police officer by â€Å"mistake†. People see it as a â€Å"racism murder† (Jessie). Fortunately, the justice was made for his family. This shows us that Racism is not completely gone. The three stories from the Renaissance show us that black people had suffered racism for many years. From being stereotyped as lazy and uneducated, to not having opportunities to succeed in life and not being accepted by the white society, the Negro has had a difficult journey to improve their situation. Even though today racism is not as prominent as in the Renaissance, we still see some signs of racism that are not completely gone. Works Cited: Sundiata, Sekou. â€Å"Blink Your Eyes†. Approaching Literature. Peter Schakel and Jack Ridl – New York Bedford and Martin’s, 2008. Joseph, Allison. â€Å" On Being Told I Don’t Speak Like a Black Person†. Approaching Literature. Peter Schakel and Jack Ridl – New York Bedford and Martin’s, 2008. Baldwin, James. â€Å" Sonny’s Blue†. Approaching Literature. Peter Schakel and Jack Ridl – New York Bedford and Martin’s, 2008. Jessie. â€Å" Racism The Murder of Oscar Grand III†. Racism Review Blog 17 Jan. 2010 http://www. racismreview. com/blog/2009/01/07/racism-the-murder-of-oscar-grant-iii/ Think Quest. â€Å"Common Prejudice†. http://library. thinkquest. org/C006274/race/intro. html .

Abortion - An Unborn Child is a Human Being! :: abortion argumentative persuasive argument

Abortion - An Unborn Child is a Human Being! The founding of entire nation was forged on the principle that all men are created equal under the law. This is the essence of our Declaration of Independance and the philosophy behind the Constition. We, through history, have made certain that ALL people in this country have equality before the law. We have set uup the premise that all people are equal before the law. Lady Justice is blind to Race, Religion, _________ . We have declared that there is no such thing as sub-humans -- and that NO human being's rights are superior to another human being. If we want to live by the premises that we set up in this country, then we cannot overlook ANY human being -- NO ONE can be excluded. There are, however, a human beings that is ignored the protection to thier rights to life everyday. The aborted children. I dare the negative to PROVE that a child in her mother's wound is alive! Does the negative actually believe that a human being is alive when and only when a human being has fully developed? If this is true, then most of here are not alive. The human specie is only fully grown at adulthood, many of us here are not adults yet -- and by that definition, it wouldn't matter if your shot and killed on the street because "your not fully developed". We are a stage in development -- teenager -- just like a child is, just like a toddler is, just like an old man is, and just like a aborted child is. There is no magical transformation that occurs when a child is born. He has the same basic needs to survive before he is born, and the same needs after he is born. The negative is going to attempt to make you believe that the differnce in quality of a unborn child is so great that these children do not resemble what we call alive. They want you to believe that a unborn child cannot feel pain. Can an unborn child feel pain? If it can, then does that not resemble life? If they do successfully make you accept this

Cross cultural relations with film analysis

The movie â€Å"Boyz in the Hood† deals with issues of racism and cultural stereotyping. It also deals with issues of personal identification and ambition and the issue of equality in opportunity, regarding schools, money, jobs, and personal safety. The characters in â€Å"Boyz in the Hood† represent a diverse group of young African Americans who must find their way through a world of violence, poverty, gangs, drugs, and broken families.Throughout the movie, the audience is reminded that many of the problems facing the movie's main characters are not of their choosing or making but are issues and problems which they have been made to deal with simply because of the circumstances of their birth, their skin color, and their socio-economic standing in society. Early on in the film, the audience is able to see Tre, Ricky, and Darin (Doughboy) as fairly typical kids who want to play football and enjoy being with one another.But Tre has already seen his house broken into, the three friends have passed by crime scenes and an impoverished neighborhood, There doesn't seem to be anywhere they can go to just be regular boys. Instead, they are made to be a part of crime and suffering from a very early age. The part of the movie that isn't actually shown, but the audience can imagine as a contrats is neighborhoods were kids can play and have parks and baseball games and not worry about gunfire or police or gangs or drugs.This vision which is not in the film, of a normal life, is the opposite of what the characters in the film have to deal with and the only difference is their racial origin, being African American. The characters in the movie as they get older seem to want to be a part of this â€Å"other† world, the world of whites and even though they remain true to their own cultural identities and participate in the â€Å"hood† culture, each of the characters seems to either want or is actively looking for a way out of the â€Å"hood. â€Å" Doughboy is sent to prison and looks to be the one who is most likely to become a thug. Still, due to the early scene in the movie where he is beaten up by an older kid who takes Ricky's football, the audience knows that Doughboy had to get tough in order to survive in the hood. It is almost as though his own acceptance of being a thug in the hood helps protect his brother, Ricky, and Trey from the violence around them in the hood. Later in the story, Doughboy's â€Å"fatherly† personality will start the chain of conflict that results in his brothers' death and eventually his own.But until that crises happens, Doughboy is like the father of the other two friends and the audience understands that despite his rough exterior he is really a compassionate person who sees a lot of potential in his brother and wants good things to happen for his friends and family. Because the characters in Boyz in the Hood, the main ones, are good people, the tragedies that happen to them are viewe d as not being of their making. Tre is stopped by an African American police officer who shoves his gun in his face and threatens to kill him simply because he, the police officer, does not like African Americans.Even though this is a short scene, it is a very important scene. It shows how an African American (the police officer) can be so alienated from their own race, and so hateful toward them that they actually become a part of the oppressive system which causes African Americans to suffer in poverty and be thought of as criminals and dangers to society. In the long run, Tre cannot bring himself to become an avenger for Ricky's murder. This is a demonstration that not all African Americans are alike, they are not prone to violence or revenge or gangs or shooting their enemies.Tre decides his life is more important than revenge. When he does so, he is both embracing his culture and refusing the more negative aspects of it. He is an African American who wants to improve his life a nd his family and his neighborhood and not become a thug like Doughboy even if he understands the reasons for Doughboy's actions. In each case, with the main characters of â€Å"Boyz in the Hood† their actions and options seem to be somehow influenced by the â€Å"white world† that they never really see.they aspire to become a part of that society and make good of their lives. They long for another life, but their life is filled with gunfire, helicopters, thugs, prostitutes, drugs, and violence. The reason they have been placed in such terrible circumstances are based in racism. The backdrop to the story is that white money-makers want to bring the property values in the Hood down as low as possible so they can but cheap real-estate; whites sell guns and liquor and drugs to the people in the Hood, but they would never set foot in the place themselves.There is no real sense of justice in â€Å"Boyz in the Hood† the only thing which comes close is when Doughboy do es kill the gang-bangers who killed Ricky. But even this is sad because it is not true justice but vigilantism and everyone knows Doughboy will be killed himself, eventually. The message is: no-one in official capacity care bout what happens to the people in the hood. In order to survive, they must often â€Å"lower† themselves, despite their best efforts, to the level of stereotype which has been used against them in a racially motivated way in the first place.

Business Ethics McDonnell Douglas Lack of Solidarity Essay

The reason I chose to write about this company McDonnell Douglas is because I felt that what they did was appalling and demonic. They dehumanized the passengers and only seen profit margins. One may say that McDonnell Douglas imps did not know the meaning of the word â€Å"solidarity†: Solidarity is a principle of Catholic Social Teaching. This principle means the firm and preserving determination to commit oneself to the common good. This principle incorporates other principles like Human Dignity, Community, Common Good, Stewardship, and Option for the Poor, that is what we are to demonstrate in our actions. This principle does not always come into play with many corporations; Furthermore when things like this come into play, one may say that†¦show more content†¦But what McDonnell Douglas did was none of the above, they did a self-indulging, materialistic, money hungry, unethical thing. McDonnell Douglas didn’t look at the situation in an ethical manner, the y were thinking, how can I make my money for the company and satisfy shareholders. He did not look at, would this be good for the customers and the workers who will be on the plane as well. Ultimately what McDonnell Douglas is similar to what any serial killer or serial rapist does to its victims, they dehumanize them, they think that everyday humans similar to what most humans think of a spider or an any other bug, as a dispensable organism that neither propels or descends their life based upon the death of that organism. This synopsis is seen by the everyday business transaction because how they habitually disregard human dignity and their unethical business practice. One may say that McDonnell Douglas never knew what human dignity was and how it is intertwined with everyday societal matters, and how it shapes and molds our personal communities, and the business communities. McDonnell Douglas would be able to obtain a grave amount of personal growth if they had read the following definitions and meditated on them. Human dignity: everyone is created in the image of God and that in turn makes them a person who possesses infinite value and worth. The executives

An Application Of A Biblical Worldview - 997 Words

An Application of a Biblical Worldview The topic of the image of God is one essential to every human being because it will shape the way in which each individual will look at his or her life. A part of every human’s life is his or her vocation, which will also be changed by the view he or she holds about the image of God. The image of God is the footprint that God left in humans and in no other being in His creation, and it must shape the way in which everyone will look at his or her job. The image of God, as any other theological topic, has been seen biblically, historically, and theologically. The Bible teaches that God created man in His own image in Genesis 1:26-28. Then, in the third chapter of Genesis, Adam and Eve sin by eating the fruit of the tree of the knowledge of good and evil, thus distorting the image of God in humanity. Even though it was distorted, it is seen that the image still remains in man through various passages in both the Old and New Testaments, inclu ding Genesis 9:6, which states that it is wrong to kill a man because the image of God is in him. The image of God has been approached from many different ways since the beginning of the church. In the second century, Irenaeus proposed that rationality and freedom compose the image of God in man. In the medieval times, Thomas Aquinas proposed that the image of God in mankind is the ability or rationality that man has to know God. Then, during the Reformation era, John Calvin proposed that the image ofShow MoreRelatedThe Cross Border Commerce : With Biblical Worldview Applications1478 Words   |  6 PagesWith the aid of the Cross Border Commerce: With Biblical Worldview Applications (2014) textbook, the objective of this paper is to define licensing and franchising, as well as expand the gained knowledge of the textbook reading. 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Strategic Marketing Management - 337596 Words

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AJAY KUMAR BY ALI ZAFAR MUGHAL (11201449) BIVEK THAKALI RABNAWAZ (11400273)â€Æ' Table Of Contents Mission statement†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 3 Introduction Background†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 4 SWOT Analysis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 6 Market Segmentation Analysis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreThe Strategic Marketing Management Analysis of Lenovo Group4016 Words   |  17 PagesThe Strategic Marketing Management Analysis of Lenovo Group Wang, Wen Cheng, Dept. of Business Management, Hwa Hsia Institute of Technology, Taiwan Chu, Ying Chien, Department of Tourism and Leisure, National Penghu University,Taiwan Chen, Ying Chang, Department of Hotel and Restaurant Management, Ching Kuo Institute of Management and Health ABSTRACT In recent years, market competition in the market economy is fierce, the different economic performances and behaviors based on the enterprises’Read MoreIn a Dynamic Business World, Phrases Such as Strategic Planning, Marketing Planning or Change Management Are Oxymoronic!1184 Words   |  5 PagesMSc in Marketing amp; Strategy Title: In a dynamic business world, phrases such as strategic planning , marketing planning or change management are oxymoronic! 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Accounting and Business Decisions (A Case of Billabong International L

Question: The basic requirement is to make a general analysis of the profitability, efficiency, liquidity, gearing (leverage), and investment performance of Billabong Limited using the information available in the companys 2013 annual report available available at the following address: Billaboing Annual Report 2013 Students are to use the Consolidated data in conducting their analysis. Note that the 2013 annual report contains comparative data for the year 2012. Answer: Executive summary Billabong International Limited (BBL) is an Australian based surfing merchandise organization listed in the Australias stock exchange. The company issues around 252547370 shares and for the purpose of effective business activities the company has divided the market into four main parts namely Australia, America, Europe and other countries. Initially the company gained a high NPV of $146.0 million in 2012 however the companys sells reduced making the companys ratios non profitable. The report shows that although the company is able to pay off the short term debts however the payment of long term debts is difficult for the company. The company also needs to improve its revenue by increasing the sales of the merchandise so that the profitability ratios can be improved. Introduction Billabong International limited produces surfing accessories and clothing products under different brands. The company was initially founded in the year 1973 however the company became listed in the Australian Securities exchange in 2000. The company offers more than 2200 products including swim shorts, pants, jeans, swim wear, sports eyewear for men and women (Billabong Annual Report 2013, 2015). Currently recording around $ 1.34 million revenue, the company operates in about 60 countries. The report here deals in analyzing the financial position of the company with respect to calculation of the profitability, liquidity, and gearing and efficiency ratios. The report shows the comparison of the ratios between 2012 and 2013 and tries to analyze the changes in the ratios. Analysis of the ratios Profitability ratios The profitability ratio generally helps to make comparisons between the income statement accounts and shows the companys ability to generate profits from its operations (Al-Qaisi, 2011). The following profitability ratios will help the investors of Billabong to judge the companys return based on investment made by the shareholders. Ratios 2013 2012 G.P ratio 0.492735 or 49% 0.470034 or 47% N.P ratio 62.49381% 18.95229 % Return on assets ratio 54.36654 % 12.16427 % Return on capital employed 2.068228 0.355936 Return on equity 1.299003 0.246109 Gross margin ratio: The GP ratio compares the gross profit against the net sales. The ratio shows the how profitably Billabong is able to sell its product and merchandise (Garrett James III, 2013). The GP margin is higher in 2013 indicating that the company has been able to sell more of its merchandize profitably. The difference of 2% in the GP ratio shows that the overall profit from the sell has remained same over the years. Net profit margin ratio: This ratio directly measures the percentage of sales that is made up of net income. The analysis shows that Billabong is incurring net expense or loss on the sales. Hence the revenue of 2013 has also decreased. However compared to 2012 the net loss has increased to 62%. This is because the other incomes in the year 2013 have decreased by 8%. Return on assets: This ratio measures the effective return of the company on the investment. The ratio is an indicator for the investors planning to make further investments in the company (Kheradyar, Ibrahim Nor, 2011). Since Billabong is experiencing net loss hence the lower return on assets in 2012 around 12% suggests that the company had incurred less amount of loss on the assets compared to 2013 where the return is 54%. The ratio shows that Billabong is not able to use its assets profitably. Return on capital employed: This ratio shows how much profit each dollar of employed capital generates (Garrett James III, 2013). However in Billabong the company experiences net operating loss at the end of both the years 2013 and 2012. Hence lower rate is favorable in suggesting that the loss is low and the capital is more profitably used. Return on equity: Return on equity measures the efficiency of the company to generate profits from the shareholders money. The net loss of Billabong for the consecutive years 2013 and 2012 has made the company experience negative ROE. Efficiency ratios According to Yap (2013) the efficiency ratio are also known as the activity ratios and measures the utilization power of the companies in terms of their assets in order to generate income. If the companies are efficient with the resources then they are able to generate high profitable ratios. Ratios 2013 2012 Inventory turnover ratio 0.460875 2.384379 Total asset turnover ratio 0.869951 0.641837 Working capital ratio 1.016119 1.470163 Accounts receivable turnover ratio 5.985841 4.662756 Accounts payable turnover ratio 4.800447 4.34794 Accounts receivable turnover ratio: This ratio indicates how effectively the company is able to collect its receivables in order to keep liquid cash for the business purpose (Najjar, 2013). The higher turnover ratio in 2013 indicates that the company is able to collect the cash from the customers soon and will be able to pay off the bills sooner. Inventory turnover ratio: The ratio shows the capability of the company to control the merchandise. The ratio determines the overspending in case of inventory and also over storage of the inventory in the company premises. The low inventory turnover ratio indicates that Billabong is not able to sell its inventory and the closing amount of inventory in the god won is higher than the clearance stock. This is bad indication in terms of the liquidity of the company. If the inventory turnover ratio is not high then the company will not be able to generate liquid cash. Total asset turnover ratio: This ratio shows how efficiently the company uses its assets in order to generate sales (Yap, 2013). The ratio for both the years are low hence it maybe concluded that Billabong is not able to use its assets effectively. The low ratio suggests that the company is not able to make any profit out of the resources. Accounts payable turnover ratio: This ratio determines the time span of how effectively the company is able to pay off the creditors and the vendors (Wiehle et al. 2012). The ratio is 4.8 in case of 2013 and 4.3 in case of 2012 which indicates that the company is able to pay off the creditors smoothly from the cash collected from the debtors. Working capital ratio: The working capital ratio is also known as a measurement of the liquidity of the company. The ratio measures the current assets in terms of the total current liabilities. This enables the investors to understand the liquid position of the company. The benchmark for a favorable working capital ratio is 1. Companies having a ratio of 1 are considered to be neither in a risky situation nor in a favorable situation. Billabong shows a ratio of 1.47 in 2012 which is higher than that of 2013 which is around 1.01. Hence the analysis suggests that the company is in a risky situation although the ratio is not unfavorable but the liquidity position of the company is risky (Wiehle et al. 2012). Liquidity ratios Ratios 2013 2012 Current ratio 1.016119 1.470163 Quick ratio 0.580514 0.99064 Current ratio: The current ratio is same as the working capital ratio and suggests that the companys liquidity position is at risk. The company would not be able to pay off the short term liabilities if the cash is reduced or spent in some other activities. The favorable current ratio is 2:1 and hence the ratio is lower than the favorable ratio hence the liquidity position of the company is risky. Quick ratio: The quick ratio or the acid test ratio measures the liquidity of the company by showing the ability of the company to pay off its current liabilities with the help of the quick assets which includes cash and cash equivalents. The favorable quick ratio is 1:1 and the company shows a ratio lower than the favorable ratio hence it suggests that the company is not in a favorable cash position (Kheradyar, Ibrahim Nor, 2011). Gearing ratios The capital gearing ratio focuses on the capital structure of the company. The ratio of Billabong shows the proportion of debt and the proportion of equity within the capital structure of the company (Najjar, 2013). The company has a gearing ratio lower than 25% hence Billabong is a low gearing company. Hence it can be suggested that the capital structure of the company is safe and cautious. The capital structure of Billabong comprises mainly of the long term borrowings. Since Billabong is not a mature company hence a low gearing ratio is favorable for the company. Ratios 2013 2012 Capital gearing ratio 18.98582 14.96193 Investment ratios The investment ratios measures the value that the shareholders are expected to receive from the total investment. The PE ratio measures the future performance of the company. Billabong shows a high PE ratio in 2013 which I an indicator of positive future performance. However Wiehle et al. (2012) suggested that excessive higher PE ratio may create false hope for the investors and they would anticipate higher performance and growth in future. Hence a medium PE ratio is favorable. Dividends yield ratio shows the dividend per share rate to the current share price. The current share price of Billabong for the purpose of calculation I assumed to be 30th June 2012 and 30the June 2013. Ratios 2013 2012 Price earnings ratio 422.56 233.8844 Dividend yield ratio 0.606543 0.235507 Earnings per share -154 -805 Overall assessment The analysis of the profitability and liquidity ratios shows that the company is not in a favorable financial position. The company needs to increase the merchandize sales in order to increase the profitability level. However the company has a favorable gearing ratio and a favorable accounts payable a accounts receivable ratio which shows that the working capital cycle of Billabong is favorable. Conclusion The report shows the analysis of the different ratios and helps the investors to understand the profitability of the investment made in Billabong. The report further focuses on the comparison showing that the company was more profitable in 2012 in comparison to 2013. Although the company shows a high PE ratio however the PE ratio may be misleading. References Journals Al-Qaisi, K. (2011). Predicting the Profit per Share Using Financial Ratios. AJFA, 3(1). doi:10.5296/ajfa.v3i1.1027 Garrett, S., James III, R. (2013). Financial Ratios and Perceived Household Financial Satisfaction. Journal Of Financial Therapy, 4(1). doi:10.4148/jft.v4i1.1839 Kheradyar, S., Ibrahim, I., Nor, F. (2011). Stock Return Predictability with Financial Ratios. International Journal Of Trade, Economics And Finance, 391-396. doi:10.7763/ijtef.2011.v2.137 Najjar, N. (2013). Can Financial Ratios Reliably Measure the Performance of Banks in Bahrain?. International Journal Of Economics And Finance, 5(3). doi:10.5539/ijef.v5n3p152 Wiehle, U., Diegelmann, M., Deter, H., Schomig, P., Rolf, M. (2012). 100 financial ratios. Wiesbaden: Cometis. Yap, B. (2013). The Application of Principal Component Analysis in the Selection of Industry Specific Financial Ratios. BJEMT, 3(3), 242-252. doi:10.9734/bjemt/2013/4125 Websites Billabong Annual Report 2013 (2015). Retrieved 29 January 2015, from https://Billabong Annual Report 2013 Appendices Appendix 1 Profitability Ratios Ratios Formula 2013 2012 G.P ratio Gross profit/ Net sales 0.492735 0.470034 N.P ratio Net expense/ net sales 62.49381 18.95229 Return on assets ratio Net expense/Average total assets 54.36654 12.16427 Return on capital employed Net operating loss / (Total assets - current liabilities) 2.068228 0.355936 Return on equity Net income/Shareholder's equity 1.299003 0.246109 Workings 2013 2012 Average total assets 1546306 2249917 Total assets - current liabilities 400247 1468426 Shareholders equity 647168 1112052 Appendix 2 Efficiency ratios Ratios Formula 2013 2012 Inventory turnover ratio Cost of goods sold / Average inventory 0.460875 2.384379 Total asset turnover ratio Net sales / Average total assets 0.869951 0.641837 Working capital ratio Current assets / current liabilities 1.016119 1.470163 Accounts receivable turnover ratio Revenue / average accounts receivable 5.985841 4.662756 Accounts payable turnover ratio Revenue / average accounts payable 4.800447 4.34794 Workings 2013 2012 Average inventory 1480614 320969.5 Average accounts receivable 224732 309705 Average accounts payable 280226 332129.5 Appendix 3 Liquidity ratios Ratios Formula 2013 2012 Current ratio Current assets / current liabilities 1.016119 1.470163 Quick ratio (Total current assets - Inventory - prepaid expense)/ current liabilities 0.580514 0.99064 Workings 2013 2012 Quick ratio 355562 605720 Appendix 4 Gearing ratios Ratios Formula 2013 2012 Capital gearing ratio (Long term liabilities / capital employed)*100 18.98582 14.96193 Workings 2013 2012 Capital employed (Share capital + retained earnings + long term liabilities) 1656794 1531139 Appendix 5 Investment ratios Ratios formula 2013 2012 Price earnings ratio Market value per share / earning per share 422.56 233.8844 Dividend yield ratio Cash dividends per share / market value per share 0.606543 0.235507 Earnings per share net income/ average outstanding common shares -154 -805 Workings 2013 2012 Dividend per share 0.084916 0.209602