Narrative Of The Life Of Frederick Douglass An American...

People have their equal right, and should not be ranked depending on their skin color or gender. However, because of the greed of wealth, some people discarded their basic humanity and discipline, and made excuses to justify their cruelty, so the slavery became like a tumor to parasitize the human society rapidly. With physical and psychological abuse, this â€Å"tumor† tortured every struggling people from day to night. As the insight of a dark history, Frederick Douglass’s â€Å"Narrative of the Life of Frederick Douglass: An American Slave† demonstrates the dehumanization of an inhuman society and how slavery could make a man be a salve and make another man be an enslaver and how he resisted this dehumanization. In eighteen and nineteen centuries, the physical abuse which commonly were whipping, shackling, beating, mutilation, branding, even shooting, in the United States varied by time and place, but was generally brutal and degrading. Punishment was most oft en meted out in response to slaves’ disobedience or perceived infractions, but masters sometimes abused slaves to assert dominance. In â€Å"An American Slave,† Douglass wrote about a slave, by the name of Demby, ran and plunged into a creek in order to avoid the punishment. After the overseer named Gore asked the slave getting out of the creek, the slave refused to do so. The overseer made a shot on the slave’s head. When the master, the boss of all overseers, asked why the overseer killed the slave, the overseer argued that â€Å"ifShow MoreRelatedNarrative Of The Life Of Frederick Douglass, An American Slave1251 Words   |  6 PagesJustine Boonstra Frey- Period 1 MAJOR WORKS REVIEW AP Lang Version GENERAL 1. Douglass, Frederick. Narrative of the Life of Frederick Douglass, an American Slave. 1845. New York: Fine, 2003. Print. 2. Autobiography STRUCTURE 1. Point of View: First Person, the narrator Frederick Douglass 2. Relationship of POV to meaning: 3. Plot Structure a. Exposition: Douglass describes that his mother was a black slave, and his father was a white man. Thus, he was born into slavery and was sent off toRead MoreThe Narrative Of The Life Of Frederick Douglass, An American Slave1093 Words   |  5 Pagespossible difference.† -Frederick Douglass. The Narrative of the Life of Frederick Douglass, An American Slave, by Frederick Douglass, shares the story of the struggles of an American slave during the eighteenth-century. Fredrick Douglass was born in Tuckahoe, Maryland in approximately 1818. While being raised by his grandmother, Betsey Bailey, he snuck around at night to meet his mother nearby, assuming that his slaveholder, Captain Anthony, was his father. From adolescence, Douglass knew he was differentRead MoreNarrative Of The Life Of Frederick Douglass, An American Slave1131 Words   |  5 PagesAshley Moreshead American History 2010 November 8, 2015 Frederick Douglass Essay The â€Å"Narrative of the Life of Frederick Douglass, an American Slave† is a memoir that depicts the hardships and brutalities, Fredrick himself and other slaves suffered during the time of slavery in the 1800’s. Throughout Douglass’ narrative, he describes the common casualties of growing up, and the limited information he is provided with. This is a direct connection between the ignorance of slaves and the lack of educationRead MoreNarrative Of The Life Of Frederick Douglass, An American Slave1552 Words   |  7 Pages04/23/2015 Narrative of the Life of Frederick Douglass, an American Slave, Written by Himself Theme: False versus True Christianity In this theme, Fredrick Douglass contrasts the both forms of Christianity to show the underlying hypocrisy in slavery. The results show that slavery is not religious as it exposes the evils in human bondage. These ideals however can be distorted so as to fit in the society. Two forms of Christianity are presented in â€Å"The Narrative of the Life of Fredrick Douglass and eachRead MoreNarrative Of The Life Of Frederick Douglass, An American Slave Essay2361 Words   |  10 PagesReference Teacher Resources ââ€" » More ââ€" » Narrative of the Life of Frederick Douglass, an American Slave Summary Narrative of the Life of Frederick Douglass, an American Slave cover image summary In Narrative of the Life of Frederick Douglass, Douglass recounts his experiences as a slave. He details the horrors of growing up on a plantation, being subjected to extreme racism, and running away to freedom. He later became an influential writer and activist. Douglass describes how he was separated from hisRead MoreNarrative Of The Life Of Frederick Douglass, An American Slave977 Words   |  4 PagesIn 1845 Frederick Douglass published his first book Narrative of the Life of Frederick Douglass, an American Slave. This book not only showed people what life was truly like in the eyes of a slave, but it became instrumental in propelling the abolitionist movement and helping it gain motion all across the country. Douglass was truly a revolutionary person because throughout the duration of slavery, African American people were not permitted to be educated. This was considered dangerous. It wasn’tRead More The Narrative of the Life of Frederick Douglass, An American Slave1267 Words   |  6 PagesThe Narrative of the Life of Frederick Douglass, An American Slave The Narrative of the Life of Frederick Douglass, An American Slave was written by Frederick Douglass himself. He was born into slavery in Tuckahoe, Maryland in approximately 1817. He has, †¦no accurate knowledge of my age, never having seen any authentic record containing it (47). He became known as an eloquent speaker for the cause of the abolitionists. Having himself been kept as a slave until he escaped from Maryland in 1838Read MoreThe Narrative Of The Life Of Frederick Douglass, An American Slave1129 Words   |  5 Pagesboth â€Å"The Narrative of the Life of Frederick Douglass, An American Slave,† by Frederick Douglass and â€Å"Self Reliance†, by Ralph Waldo Emerson, a person may notice a trend that both authors focused on. The trend was the key to happiness or self-fulfillment. Both Ralph Waldo Emerson and Frederick Douglass believed that acquiring knowledge is what people should aim for throughout their lives. They both had different viewpoints when it c ame to the type of knowledge individuals should gain. Douglass believedRead MoreNarrative Of The Life Of Frederick Douglass, An American Slave1375 Words   |  6 Pagesâ€Å"Narrative of the life of Frederick Douglass, an American Slave† The book â€Å"Narrative of the Life of Frederick Douglass, an American Slave† was written by Frederick Douglass. It is based on a true story where Douglass writes down about his life as a slave where he was born in Tuckahoe near Hillsborough. However, his mother was an African American while his father was white. The problem was that all the slaves did not know their birthday therefore, Douglas did not know his own age. Although, his masterRead MoreThe Narrative Of The Life Of Frederick Douglass, An American Slave Essay1309 Words   |  6 PagesAfter reading Douglass’s The Narrative of the Life of Frederick Douglass, an American Slave, Written by Himself, I have a better understanding of what it meant to be a black slave in the antebellum era, and have a better understanding of what form of oppression that they had to face. The fact that black people were oppressed into slavery created their own cultural identity. During this era, Douglass was able to pull himself ou t of terrible circumstances and taught himself how to read and write. As

The Juvenile Delinquency Act - 895 Words

All around America schools are comprised of more than 90 percent of school aged children (Siegel Welsh, 2015, p. 364). These juveniles will spend most of their time in these halls where most of their adolescent socialization will take place and their roles or lack of roles will be formulated. It’s not surprising that many of the juvenile delinquency acts will have some tie to either happening in the school or because of school. We must then take a serious look at who it is that is responsible for these acts. When the first classroom bell rings the seats will be taken up by students that come from all backgrounds. Some classes will be comprised of all minorities while others there will only be white faces to be seen. Teachers may know most of the student’s names and stories already as they know their brothers and sisters who were in their classes before them or even have grown up with their parents in a small their small communities. While others will not even bother a s their day is comprised of overcrowded classes with students who have no interest in their lectures, much less showing up for class on time if at all. With all these factors how can we pinpoint what or who it is that causes delinquency? Before many of these youngster even first took a step onto a school campus they were all exposed to first being socialized by their families and communities which had an impact on putting them on their given path. One of the main forms of delinquency that has been at theShow MoreRelatedJuvenile Delinquency Prevention Act Of 19741576 Words   |  7 Pagesexploring the internet on juvenile delinquents. We as a class have had many good questions to answer about the different ways juveniles are treated, and what the correct or incorrect treatment is for juveniles. We have written many papers and had many discussion on historical milestones, landmark cases, adult courts, juvenile courts, probation and parole, detention centers and juvenile training p rograms. This semester has really changed the way that I look at juvenile delinquents. Three historicalRead MoreJuvenile Justice and Delinquency Prevention Act6750 Words   |  27 PagesIntroduction The Juvenile Justice and Delinquency Prevention Act (JJDPA) is the principal federal program through which the federal government sets standards for juvenile justice systems at the state and local levels. It provides direct funding for states, research, training, and technical assistance, and evaluation. The JJDPA was originally enacted in 1974 and even though the JJDPA has been revised several times over the past 30 years, its basic composition has remained the same. Since the act was passedRead MoreJuvenile Justice And Delinquency Prevention Reauthorization Act1577 Words   |  7 Pagespaper is to research the Juvenile Justice and Delinquency Prevention Reauthorization Act. The paper will focus on the purpose of this legislation, as well as the values that are expressed by this policy. This paper will not only address why this piece of legislation is important it will discuss the effects this act has had on the communities as well as the youths themselves. This paper, will also a ddress the potential for change about the public attitudes towards the juvenile justice system and theRead MoreJuvenile Delinquency Act ( Jda ) And Young Offenders Act1260 Words   |  6 PagesJuvenile delinquents, individuals who are under 18 and have committed a crime, have been sentenced in a variety of procedures throughout the years. This may occur for various crimes such as theft, sexual assaults, etc. Youth Criminal Justice Act (YCJA), a part of Canadian Legislation, determines the process of prosecution for youths under the Canadian Criminal Justice system. This has assisted several young adults reintegrate into society. It contains a set of definitive purposes and principles toRead MoreJuvenile Justice And Delinquency Prevention Act Of 19741625 Words   |  7 PagesA juvenile or â€Å"youthful inmate† as defined by the Prison Rape Elimination Act of 2003 (PREA) is any person under the age of eighteen who is under adult-court supervision and incarcerated or detained in a prison or jail. While PREA defines a juvenile as under the age of eighteen the Juvenile Justice and Delinquency Prevention Act of 1974 (JJDPA) allows the states to set their own definition of a juvenile (Lahey). This discrepancy in the definition of a juvenile has caused problems and slow progressRead MoreJuvenile Delinquency Is Committing Criminal Acts Or Offenses By A Young Person1693 Words   |  7 Pages Juvenile delinquency is committing criminal acts or offenses by a young person, generally involving people under the age of eighteen. John Singletons, Boyz n the Hood follows the lives of Tre Styles and Doughboy, two are African-American teenagers growing up in Los Angeles where these children are constantly exposed to violence. At the beginning of the film, Tre is seen with a group of his friends talking about the shooting that occurred in the neighborhood that previous night and they even wentRead MoreJuvenile Delinquency Is Defined As Illegal Acts Committed By Youngsters Under The Age Of 182407 Words   |  10 PagesJuvenile delinquency is defined as illegal acts committed by youngsters under the age of 18, especially for juveniles who grow up in low-income families and living in urban areas. Low income and juvenile delinquency is a popular theory and has always been linked in studies (Farnworth, 1984). Juveniles are usually classified as poor if they live with parent(s) or guard ian whose yearly income is below the official poverty threshold. It has also been proven that children are more likely to live in povertyRead MoreJuvenile Delinquency Is An Integral Part Of Criminology1559 Words   |  7 Pagescurb delinquency in juveniles. Children are expected to be obedient, respectful and imbibe virtues and good quality in them. Due to various reasons children do not follow settled social and legal dictum. Juvenile delinquency, as a legal concept is of recent origin. Juvenile delinquency is an integral part of criminology. The two cannot be separated since one of the reasons for crime and its continuance into adult life is the ineffective control and treatment of juveniles. Juvenile delinquency is aRead MoreChild Abuse And Neglect Cause Juvenile Delinquency1156 Words   |  5 PagesNeglect cause Juvenile Delinquency Strain theory describes the idea that there are certain events and conditions in an individual’s life that are disliked and involve the inability to achieve goals, loss of positively valued stimuli, and presentation of negative stimuli (Brezina and Agnew). Child neglect and abuse can be described by this theory, and often is, because of its elements and the effect it has on children. Before the idea of child abuse and neglect causing juvenile delinquency can be arguedRead MoreThe Lack of Strong Parental Figures Causes Juvenile Delinquency954 Words   |  4 PagesThe Lack of Strong Parental Figures Causes Juvenile Delinquency Imagine a thirteen-year-old boy living with his mother. His parents have been divorced since he was four-years-old. He has never really known his father and therefore uses his friends for his male role models. His mother has to work two jobs to support her family and is therefore not there to spend much time with her child. This is the type of child that is normally delinquent. Add to this scenario a group of

Descriptive Writing †Ayer’s Rock Free Essays

As the cramped, stuffy minibus approached our destination, I could see the first rays of morning sun sparkle over the horizon. Against this blinding inferno an ominous shadow appeared. It grew as we drew nearer, the true size of it becoming clearer. We will write a custom essay sample on Descriptive Writing – Ayer’s Rock or any similar topic only for you Order Now Looking away briefly to swat at a fly, as I turned back I was hit by a surge of warmth as the sun rose higher. Transfixed I stared at the task before me; the other occupants of the bus seemed sombre and lifeless compared to the scenery. Glancing at my watch (5.00am) I slipped my hat over my eyes and attempted to sleep. A sudden jolt awoke me; a speed bump signalling our arrival at the monolith. The shade confused my dozing mind briefly as I looked left. Waking quickly I saw a vast expanse of orange-brown rock rising to the sky, ugly at a glance but beautiful in detail. Awe-struck, my eyes slowly surveyed the rock; tracking up I saw faint smears of colour moving towards the summit, and eventually clicked that these were people, dwarfed immensely by this foreboding thing. I managed to pull myself from my seat, grab my camera and head for this blister rising from the outback. My view had been that I was at the base of the rock already, and that my walk would be a short one, but the weathered lump continued to grow as I approached. More and more detail was becoming visible; small bushes surrounding the base from a distance were actually small trees, small cracks in the rock were the size of a block of flats, creating huge weathered tentacles reaching into the desert dust. I eventually reached the base, continually staring upwards and trying to take in the full magnitude of this place. Our groups guide appeared and gave us the go ahead to begin the climb to the summit of this red mountain. I began the climb optimistic; seeing the sloping pathway from the base made it seem an ascent of no more than 150 metres, and the help of a chain near the floor would make it short work. But as I climbed higher, I saw more pathways stretching off over the wasteland of the zenith. Already somewhat tired, I suddenly had a surge of energy and decided to press on fast. I motored up the remaining chained slope, ignoring the floods of Japanese tourists sliding slowly down. Reaching the barren plain, I saw it was not the flat desert I had imagined but was covered in deep furrows and potholes created by the millennia of exposure to the harsh outback elements. I groaned, but could now see the apex another 200 metres or so higher. The prospect of seeing the already magnificent view from that windswept pinnacle strengthened my resolve, and I set over this other worldly landscape As I continued to climb, and could see more of the pristine wilderness around me, I realised just how far from the hustle and bustle of the civilized world I was. No sound could be heard apart from the constant warm breeze whipping through the channels in the rock; after my push towards the top I had left the rest of the people heading up behind somewhat, and no other tourists had ventured this far. I had the pleasure of being completely alone to fully appreciate the beauty of my surroundings, and how disconnected from life I felt. I realised that in my mental wanderings, I had also wandered quite far, almost to the roof of this red world. The final chasm in the rock before my goal seemed nothing more than a ditch and the last few steps would be done in minutes. Rising over the final hill and out of the shadow, into the fierce morning sun was fantastic. Seeing the earth stretch out into infinity below me filled me with life. It was quite odd. Weary from the climb, I sat down to rest, still feeling this wonder that places this untouched still existed in the world. The inspiration to explore and find more of these areas of solitude was suddenly kindled in me, and started some ambitions flowing in my brain. Rested, I decided to use this short period of isolation to examine where I was. Although at a glance the summit seemed empty, on closer inspection there was life. In the pools of rainwater dotting the surface were ancient creatures, species of crustacean, with strange shrimps and strange prehistoric things I later found out were called triops; similar to the trilobites of the Mesozoic, yet still alive after the isolation on this rock. It was quite incredible; a glimpse into a life cycle that has been carrying in a single puddle for millions of years, completely ignorant of the rest of the world and completely unchanged. In the time I had been staring into the pool, my mum and sister had arrived and were admiring the view. I approached and told them about what I had seen and my amazement at this place. We explored some more, took some photos to remember what we had seen, and found the remains of a fire from an aboriginal fire, possibly hundreds of years old but preserved on this time stopping rock. Thinking of the ages that had been and gone while this single rock had stood frozen continued to amaze me. It was seen by some of the first human cultures hundreds of thousands of years ago, before dinosaurs would of swum around it during its time submerged in an ancient sea, before that who knows what might of seen it? If it could speak, what stories would it tell? Hours had passed since I first set off, and it was time to head back to the confines of the minibus. Coming back down, I didn’t mind leaving as I felt as though no matter how much we are told about the world, no matter how much information we are fed through the media, television and how much our governments try to shrink our perception of the world, it is still a truly vast place that should be appreciated for its wonders and the ones it may still hold. Reaching the base again, and looking back at where I had been, I decided that I wanted to see these wonders in my lifetime. How to cite Descriptive Writing – Ayer’s Rock, Essays

Accounting Concepts

Questions: Analyse this report based on your accounting studies and prepare a report showing how Dick Smith went from some very optimistic results (provide evidence) in this 2015 annual report to being liquidated. You should use some basic information such in this report such as: a. A description of the core business of the company including full details of its operating activities. b. A discussion on any significant issues emerging from the Directors Report. c. A discussion on the Corporate Governance Statement. d. A calculation of the key financial ratios for 2015 f. Other information Answesr: 1. Introduction and Brief findings When it comes to consumer electronics, Dicksmith Holding Ltd is the first name that flashes on peoples minds. It is based in Australia and its key operations aim to provide their customers with a strong and reliable channel platform. Because of this policy of customer satisfaction, Dicksmith has attained the position of the most convenient and largest retailer of consumer electronics and its stores have massively expanded worldwide reaching a scale of 393. Consumers are provided with a high sense of convenience by these strong, structured and integrated platforms so that consumers can shop through the stores or at the go or even from their houses (Dicksmith, 2015). Despite these benefits over other competitors, there came a time when some of the stores of Dicksmith Ltd had to be closed down that made the company opt for better opportunities and redevelop its processes. Although some of the stores had to be closed down, yet the company did not lose hope and it strived to open further stores across Australia and New Zealand. Moreover, the company does not have to worry because it enjoys goodwill and brand appeal in the market that keens to sell a wide variety of products ranging from entertainment to computers and other accessories (Dicksmith, 2015). In the year 2013, a very different concept named MOVE was launched that aimed to focus on the consumer electronics along with fashion and in relation to this, it concentrated on connectivity in order to provide a widespread variety of different products like mobile phones, computers, headphones and other accessories etc. Latest products relating to consumer electronics as well as fashionable accessor ies are provided by the company as the range of its concept MOVE are regularly updated. For customers satisfaction and maintenance of high fashion theme all around, the company maintains strong relations with the leading designers and it also aims to diversify the MOVE stores to gain more efficiency in the market. From the strategies and operations of the company, it can be clearly observed that the company purposes to cater to the requirements of the customers and fulfill them. 2. Director Report A directors report of a company can help to ascertain any information regarding the directors and at any time. From the directors report of Dicksmith Holding Ltd, the number of meetings held by the company can be witnessed together with the directors who attended the meetings. It is observed that there were nine meetings of directors, three meetings related to remuneration and nomination committee and four meetings relating to audit and finance were held during the financial year. The Board of company has appointed the remuneration committee that aims to provide support to the Board itself and helps in deciding the remuneration of directors and other executives. It also provides help in attracting beneficial employees for the company and retaining the old employees whose value is very helpful for the company (Lubatkin, 2007). By this process, shareholders value can be created by way of both long-term and short-term investment scheme. The remuneration of directors and executives are d ecided by way of their performance and remuneration environment and it is paid irrespective of any factors like gender, age etc. It can be observed from the annual report of the company that it has followed all the statutory regulations by ensuring compliance and providing transparency associated with the remuneration process in the report. It can also be understood that there does not exist any kind of scheme associated with retirement benefits of non-executive directors and the annual report also makes this clear. The directors report also portrayed attention on insurance, indemnity deeds and right to inspect and access the books of accounts of the company by every director (Crane Matten, 2010). It is however a matter of issue that the seven year term might be extended by the company where specific assessments starts to operate before the expiry period of seven year. The company can take steps to indemnify the employees as well as the directors against the liabilities but the directors are altogether satisfied with the provisions of non-audit services in the year. The directors report of the company provides an opinion that independence of director is safeguarded that is it can neither be influenced nor be compromised by the services disclosed in the report (Crane Matten, 2010). Other issues portrayed through this report relate to the exchange rates, differences in consumer demands, competition and discretionary nature of spending etc. 3. Corporate Governance An authorization in written form has been adopted by the Board of Dicksmith Holding Ltd which is helpful in providing sheer strength to the operations of company. This authorization or charter contains information on the role, responsibility and composition of the Board, delegation of authority etc and this charter can be availed from dicksmithholding.com.au website. Also, the interest of shareholders has been given due concern by the Board by complying with the principles of corporate governance that has in turn enabled the company to take advantage of various opportunities, assess and evaluate its performance (Goergen, 2012). The annual report contains details on the code of conduct of executives, directors and other employees that ensures the concept of transparency. Dicksmith Ltd has also been able to frame the Audit Committee and align it with the principles of Corporate Governance. This committee comprises of three non-executive members and majority of them are independent members (Benz Fray, 2007). The corporate governance principles of the company not only ensure transparency in the company but it also pursues high values of ethics and morality that makes the company advantageous over others (Cogan, 2009). This strong ethics is required to be followed and maintained by every member of the organization. The company has also introduced a risk management team in order to counter the risks and evaluate the power of framework. This team or committee contains three members and majority is independent (Corporate Governance principles, 2014). Combining the work efficacy of internal audit with the risk management team helps to prevent various hurdles in the company and thus enhancing its operations (Lubatkin, 2007). 4. Ratio Analysis a. Current ratio The current ratio is one of the major ratios that stress on the liquidity position of the company. It helps in providing an answer that whether the company has proper set of assets to meet the obligations. The ideal ratio is 2:1 that means the company have current asset of $1 for every $2 of current liability (Guerard, 2013). For Dicksmith, the current ratio has declined marginally. This indicates that the current liabilities increased more than the increment in the current assets. Current ratio 2014 2015 Current asset 335906 389979 Current Liabilities 266807 316527 Current ratio =current asset/ current liabilities 1.258985 1.232056 b. Acid test ratio It is a better indicator than the current ratio because it eliminates the component of inventory at the very beginning (Guerard, 2013). The ideal ratio here is 1:1 but in case of Dicksmith the quick ratio is marginally lower and indicates the ratio is not ideal. Moreover, it is an alert for the management as a whole. Quick ratio 2014 2015 Quick Asset 82092 96935 Current liabilities 266807 316527 Quick ratio =quick assets/ current liabilities 0.307683 0.306246 c. Receivable turnover The receivable turnover projects that the receivable are collected 5 times a year and moreover, it remains unchanged both the years. It is needed to have a strong receivable turnover for better operations. Receivable turnover 2014 2015 Net credit sales 1227604 1319670 Average inventory 253814 273429 Receivable turnover = net credit sales/ average inventory 4.836628 4.826372 d. Inventory Turnover This ratio projects that inventory is sold 4 times a year and remained unchanged in both the years. However, the management must ensure that the inventory are sold regularly that will stabilize the companys inventory turnover ratio. Inventory turnover 2014 2015 cost of goods sold 919602 992828 Average inventory 253814 273429 Inventory turnover ratio = cost of goods sold/average inventory 3.623133 3.631027 e. Net profit Margin This ratio portrays the net profit to sales. The computation of this ratio indicates that there has been an increment in the net profit margin (Gibson, 2012). However, the ratio is lower and this can be cited due to less net profit. Net Profit Margin 2014 2015 Net Profit 19826 37905 Revenue 1227604 1319670 NP Margin =- Net profit/revenue *100 1.615016 2.872309 f. Gross profit margin This ratio is the ratio of gross profit to sales. The gross profit margin of Dicksmith has dropped marginally indicating that the management has not been able to have a strong control over the cost of goods sold (Horngren, 2013). GP margin 2014 2015 Gross Profit 308002 326842 Revenue 1227604 1319670 GP margin = gross profit/revenue *100 25.08969 24.76695 g. Assets turnover The Asset turnover ratio highlights the management effort to generate revenue. Therefore, a high ratio is required and is even an ideal one. For Dicksmith the ratio has declined that indicates the management has not been able to utilize the assets in a profitable manner (Gibson, 2012). A higher ratio projects a strong situation but the ratio has dropped in this case. Asset turnover ratio 2014 2015 Sales 1227604 1319670 Total assets 451171 508521 Asset turnover ratio = sales/ Total assets 2.720928 2.595114 h. Return on Assets The main aim of this ratio is to stress the way in which the utilization of the assets are done. The ratio is very poor for Dicksmith that implies the improper utilization. Therefore, the management must pay heed to this ratio to derive strong returns (Horngren, 2013). Return on assets 2014 2015 Net income 19826 37905 Avg total Assets 451171 479846 Return on assets = net income/ Avg total Assets 0.043943 0.078994 i. Return on Equity Return in equity implies the manner in which the equity has been utilized to generate returns (Brigs, 2013). The ratio has enhanced in the year 2015 that gives an implication of the better use of the component of equity. Return on equity 2014 2015 Net income 19826 37905 shareholder equity 166940 169147 Return on equity = net income/ shareholder equity 0.118761 0.224095 j. Earnings per share EPS can be termed as the share of the portion of the company that is attached to every share of common stock that is outstanding in nature. When the EPS is higher, the company has a higher profitability scenario and vice versa (Brigs, 2013). EPS for Dicksmith has declined in 2015 that is not a strong indicator. Earnings per share 2014 2015 0.16 0.08 5. Evidence of Optimism The most relevant motive of a listed company is to safeguard the shareholders interests and Dicksmith Holding Ltd successfully fulfills this motive. The security holders of company are being given accurate and adequate information by making proper disclosures so that they can exercise their rights efficiently. Optimism of Dicksmith is clearly evident from its reports and several other widespread discussions. Dicksmith Holding Ltd is being identified as one of the biggest equity heist of all times as it successfully transformed $10 million to $520 million and that too within two years. The private equity assumes a special place of importance as it is considered as one of the most biggest ever witnessed. All these information about the company and its governance can be availed through the website and it can be learnt how a ten million dollar company got transformed into such a massive company in a short period. The regular participation of security holders and communication with the company also favored the company and fetched various benefits. This showcases the strong relations of the company and hence also provides an evidence of optimism as the shareholders are attracted when their interests are safeguarded and when the company has strong fundamentals (Lemke, 2014). Conclusion It can be observed that corporate governance has played a major role in enhancing the management of the company and making the company reach significant heights. After getting listed and following the ASX principles, Dicksmith witnessed significant growth within one year itself as it successfully complied with all the required obligations. But it is to be noted that in relation to the growth of company, it is the Board that must be complimented. The main reason is that the concepts of disclosure helped the company to gain a firm position on the minds of shareholders. Through a ratio analysis of the company, it can be observed that the company has performed well and has a strong future and only a few ratios must be stressed upon. But the reason that led the downfall of Dicksmith and made it enter into receivership is that it failed to acquire required funds in order to back up the business. Even in 2015, the sales and cash position of the company were significantly below expectations that was due to a poor point in the last quarter of the year. But however the major failure witnessed are the companys inabilities to provide finance for re-stocking. Going by the entire discussion and highlighting on various ratios it can be commented that Dickmsith is not a good bet at the current point of time because liquidity position is shaken as indicated by the quick ratio. Moreover, net profit margin is not strong to provide solidity. The other ratios like asset turnover, equity turnover are projecting a weak scenario. Therefore, it is not good to invest in the company at the current point of time. References Benz, M., Frey, B.S. (2007). Corporate Governance: What can we learn from public governance? Academy of Management Review, 32(1), 92-104 Brigs, A. (2013).Financial reporting analysis. Mason, Ohio: South-Western. Cogan, D. (2009). Corporate Governance and Climate Change: Making the Connexion, Oxford University Press. Corporate Governance principles. (2014). Corporate Governance principles 2014. Retrieved May 9, 2016, Crane, A., Matten, D. (2010). Business Ethics: Managing Corporate Citizenship and Sustainability in the age of globalization. New York: Oxford University press Dicksmith. (2015). Dicksmith profile. Retrieved May 21, 2016, Dicksmith Corporate Governance. (2015). Dicksmith Holdings 2015. Retrieved May 9, 2016, Gibson, C. (2012).Financial statement analysis. Mason, Ohio: South-Western. Goergen , M. (2012). International Corporate Governance, Prentice Hall. Guerard, J. (2013).Introduction to financial forecasting in investment analysis. New York, NY: Springer. Horngren, C. (2013)Financial accounting. Frenchs Forest, N.S.W: Pearson Australia Group. Lemke, L. (2014). Regulation of Investment Advisers. Oxford University Press.