How Do You Analyze a Bank’s Financial Statements?
Banks and non-financial entities have similar financial statementsbut a few key differences due to the nature of their businesses. Banks…
Business News
A Good Turnover Ratio for a Mutual Fund
What Is a Turnover Ratio? The definition of what constitutes a good turnover ratio—or turnover rate—for a mutual fund depends…
TJX Beats on Earnings; Stock Sets New High Then Fades
The TJX Companies, Inc. (TJX) is the parent of discount retailers TJ Maxx, Home Goods, and Marshalls. These retailers offer…
Are High-Yield Bonds Better Investments Than Low-Yield Bonds?
Companies and governments issue bonds to raise money, and they pay only as much interest as they have to pay…
Why is work in progress (WIP) considered a current asset in accounting?
Accountants consider works in progress (WIP)which are materials and partially-finished goods that await completion, to be current assets, because there's…
International Bank of Reconstruction and Development (IBRD)
What Is the International Bank of Reconstruction and Development (IBRD)? The International Bank of Reconstruction and Development (IBRD) is a…
Ways The United States Can Get Out of Debt
Eliminating the U.S. government's debt is a Herculean task that could take decades. In addition to obvious steps, such as…
Lowe’s Misses on Revenue and Fails to Hold Value Levels
Lowe's Companies, Inc. (LOW) reported mixed earnings results when it disclosed quarterly numbers on Feb. 26. The home improvement giant…
Salesforce Beats Earnings, but Stock Fails to Set High
Cloud software giant salesforce.com, inc. (CRM) beat earnings estimates for the 12th consecutive quarter on Feb. 25, but the shares…
What Is Prime Cost? Definition, Formula, Calculation, and Purpose
What Is a Prime Cost? Prime costs are a firm's expenses directly related to the materials and labor used in…