Interpreting Inflation Reports
Interpreting Inflation Reports
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In our eReader you can find the full English version of the book. Read Interpreting Inflation Reports Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Interpreting Inflation Reports
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To quickly assess the difficulty of the text, read a short excerpt:
On the other hand, what was owed decreased in real terms by the monetary gain. The net result is that Goodyear came out ahead by $20. 5 million.
Stated otherwise, Goodyear was a net debtor, paying rates of interest under 10% on old debt, while inflation was running at over 11%. The com- pany was gaining in real terms. To repay the debt might improve the historical cost margins, which are irrelevant, but it would leave the com- pany considerably worse off in real terms. What appears to be in lin...e with 19 the genuine "clearly defined goals" of the company turns out to make no real sense at all.
By the same token, though, and in line with our earlier comments, if one wants to know how the company really did, one needs to take its con- stant dollar (or bread) income and add to it the monetary gain. As a re- sult, Goodyear 's net worth is seen to have risen in real terms by $144. 4 million. This is not very far from its reported net income. Its break- down into sustainable income and monetary gain gives a quite different picture, though, than the one given by the directors.
What to read after Interpreting Inflation Reports?
You can find similar books in the "Read Also" column, or choose other free books by Michael F Van Breda to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
On the other hand, what was owed decreased in real terms by the monetary gain. The net result is that Goodyear came out ahead by $20. 5 million.
Stated otherwise, Goodyear was a net debtor, paying rates of interest under 10% on old debt, while inflation was running at over 11%. The com- pany was gaining in real terms. To repay the debt might improve the historical cost margins, which are irrelevant, but it would leave the com- pany considerably worse off in real terms. What appears to be in lin...e with 19 the genuine "clearly defined goals" of the company turns out to make no real sense at all.
By the same token, though, and in line with our earlier comments, if one wants to know how the company really did, one needs to take its con- stant dollar (or bread) income and add to it the monetary gain. As a re- sult, Goodyear 's net worth is seen to have risen in real terms by $144. 4 million. This is not very far from its reported net income. Its break- down into sustainable income and monetary gain gives a quite different picture, though, than the one given by the directors.
What to read after Interpreting Inflation Reports?
You can find similar books in the "Read Also" column, or choose other free books by Michael F Van Breda to read onlineMoreLess
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