Reducing Humans Impact on Global Climate Change - 988 Words

Discuss the possible options of reducing the impact of human activity on global climate change. Both the cause and victim of climate change is human. There are a lot of current and potential threats, which are the consequences of climate change: the rising of sea level, loss of third of flora and fauna, droughts and famine. (McMullen, 2009) On the other side of the cycle, even climate change is considered as natural disaster, human activities encourage the deterioration of climate change. For example, burning fossil fuels produces billions tones of CO2, one of the greenhouse gases that contribute global warming. Global warming directly serves as an evidence of climate change. Climate change is not just about environmental issue; it is complex disaster which start of threats, causing serious political risks and security risk. Even climate change is not direct to cause a conflict, it has a potential risk to destabilize states, dispose population or even collapse the regimes. (Chalecki) As the human economic activities increase CO2 emission, it will at least bring to the regional environmental change. Environmental changes will change the agricultural output, which is the consequence of food shortage. Further, the famine is the motive to political disputes, ethnic tension and civil disputes. In subsequent years, this trend will continue to grow. In order to tackle with the problem of increasing of badly influence of human activities on changing of the climate there existShow MoreRelatedClimate Changes And Climate Change1016 Words   |  5 Pagesâ€Å"Climate change is a reality that is happening now, and that we can see its impact across the world† (Haddrill, 2014) Climate change is the changes in the pattern of the climate due to natural and human activities that has been used inappropriately. Climate is defined as the â€Å"average weather† (Calow, 1998) for a particular region. Climate change is the human activities that affect Earth’s climate by using the human activities inappropriately that leads to the warming of the Earth. Ther e are varietyRead More Global Warming Essay example953 Words   |  4 PagesGlobal Warming Global warming is an increase in the earths temperature due to fossil fuels, industry, and agricultural processes caused by human, natural, and other gas emissions. (Melissa Phillips). This results in an increased emission of greenhouse gases. (Caroline Quatman). Short-wave solar radiation sinks into the Earths atmosphere and warms its surface; while longwave infrared radiation emitted by earths surface is absorbed, and then re-emitted by trace gases. (Brent C. Willhoite) Read MoreIs Global Warming Due to Human Actions? Can the Human Race Take Action to Stop Global Warming?1529 Words   |  7 PagesNovember 19, 2012 Outline Is global warming due to human actions? Can the human race take action to stop global warming? Introduction Thesis Statement: Yes, human actions are definitely a factor in global warming. The fact that there have been natural cycles of climate change since earths formation, in past and recent centuries humans have influenced global climate change through the emission of greenhouse gases. The actions that humans should take to stop global warming are to reduce the greenhouseRead MoreThe Climate Disaster Is Inevitable Or Not?896 Words   |  4 PagesThe climate disaster is the social construction that world population have been embedded this idea through one generation to another generation in society. Actually, it seems like the long-lasting issue for not only regional level but also global level. Several studies might have demonstrated the causes and significant impacts of climate crisis. It is still popular argument in society, whether the climate disaster is currently inevitable or not. If it already occurred, what are the main factors?Read MoreGlobal Climate Change And The Global Environment1963 Words   |  8 Pagessituation of global environmental security, it seems that the rate of destruction to the world’s environment by humans is increasing and the damage is faster than it can be recovered (Fiona Harvey, 2016). There are many factors which play a fundamental role in destroying the global environment. The most visible one is the human’s incorrect activity that resulted in climate change which can be viewed as an enormous threat to environmental security. It is believed that the current local and global climaticRead MoreGlobal Warming Is Representative By Human Activities943 Words   |  4 PagesNowadays climate change is happening in our planet and has became a global issue. As a result, we are suffering more serious damage from the climate change including flooding,hurricane,Tsunami and so on. In my own opinion, even it might be late but we still have chance to improve those consequences and save our life by acting now. This essay would like to point out so me reasons of climate change, briefly analyse how it will effect to our life and gives some solutions we can do. There are severalRead MoreThe City Of Phoenix991 Words   |  4 Pagesof climatic change. Phoenix having a very large population. This is purely a clear indication that there are so many human activities that take place in the city Transportation in this city must comprise of many vehicles meaning that there is so much gas that emitted to the air by the vehicles hence the climate change. The congestion in the city also leaves it vulnerable to climate change. Also, phoenix have many industries, the industries will release many toxic gases to hurt human’s body and letRead MoreClimate Change And Its Effects On Humans1733 Words   |  7 PagesClimate Change Earth is the only known habitable planet to support life. Over 6 billion humans and billions of other living things depend on the earth’s climate to survive. However, since the past century things start to change due to human activity as well as natural occurrences. The unpredicted weather conditions, wild fires and earth quakes have killed and displaced thousands of humans and animals, and wiped out few species from the face of the earth. Some animals and plants are facing the sameRead MoreGlobal Warming And Its Effects Essay1774 Words   |  8 PagesGlobal warming has been affecting the Earth temperature for many years, caused mainly by greenhouse gases emissions from burning fuel that is used for generating power, operating vehicles, running factories and other industrial activities, all of which are human-caused and controlled, however one cannot simply live without. All of this has endangered the environment, including a tremendous rise in Earth temperature, many specie s becoming extinct, arctic ice melting on a rapid pace, sea levels risingRead MoreA Brief Note On Environmental Impacts Of Fracking1349 Words   |  6 PagesEnvironmental Impacts of Fracking In 2011, a report released by the International Energy Agency claims the world is entering the â€Å"Golden Age of Gas.† The report shows that, with the increasing projects of fracking, gas use will escalate 50 percent and replace coal to become the second largest fuel by the year of 2035 (IEA). Correspondingly, one study illustrates the increased practice of fracking has brought $ 74 billion economic gain per year since 2007 (Dews). Also, one oil company claims that

Causes of the Civil War - 951 Words

CAUSE OF THE CIVIL WAR In 1860, the world s greatest nation was locked in Civil War. The war divided the country between the North and South. There were many factors that caused this war, but the main ones were the different interpretations of the Constitution by the North and South, the Kansas-Nebraska Act, and the arrival of Lincoln in office. These factors were very crucial in the bringing upon of the destruction of the Union. They caused immediate war. In 1791, the tenth amendment was added to the Constitution. The tenth amendment states that The powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the states respectively, or to the people. (Bailey 16) This†¦show more content†¦Some even called him an abolitionist. Stephan A. Douglas, one of the other runners for the presidency said in a speech about Lincoln ... Mr. Lincoln invites, by his proposition, a war of sections, a war between Illinois and Kentucky, a war between the free States and the slave states, a war between the North and South (Stampp, 80) Douglas believed Lincoln would cause war if he was elected because of his position in slavery. Lincoln, was elected president, but didn t receive much popularvotes. Almost all his votes came from the North. In winning the North, the railsplitter had split off the South. (Bailey, 435) Sectionalism could be seen with the votes given to each candidate from the states. Four days after Lincoln was elected, South Carolina called a special election in which they decided to secede from the Union. Ten more states followed South Carolina. Civil War began soon, lasting five years of bloodshed. The Civil War was caused by many reasons. The factors that were most responsible in causing the Civil War were the different views of the Constitution among the North and South, the Kansas-Nebraska Act, and the arrival of Lincoln as president. They caused immense destruction throughout the nation. If these factors were prevented, the United States could have been preserved and civil war could have never occurred. Works Cited Bailey, Thomas A., and Kennedy, David M. The American Pageant. Lexington, Mass.: D.C. Heath and Company, 1994.Show MoreRelatedThe Causes Of The Civil War1016 Words   |  5 Pages In 1861, a Civil War broke out in the United States when the South declared their independence from the Union.  There is a great amount of reasons that people can argue how the Civil War was started. However, what most people don’t understand, is that most of the events leading up to the Civil War were related to slavery.  Slavery was the core of the North and South’s conflict, which led to a very vicious feud.   The immediate cause of the war was slavery. Southern states, including the 11 statesRead MoreThe Causes Of The Civil War1409 Words   |  6 PagesThe causes of the Civil War were complex and have been controversial since the country began. Some causes include; states’ rights, economics, and slavery. The most recognizable and popular cause is slavery. The freeing of the slaves was an important moral issue at the time and one of the greatest causes of the civil war. It was only by carefully avoiding the moral issue involved in slavery that Northerners and Southerners could meet on any common ground. (Goldston, 79). The time came in which ourRead MoreThe Cause of the Civil War800 Words   |  4 Pages The Cause of the Civil War Generally, it is thought to be the South’s fault for causing the Civil War. Contrary to popular belief, the Civil War was mainly provoked by the North; through using the federal government to overtake the South, removing slavery which would destroy Southern economy, and creating the moral issue of slavery. The North was the primary reason for the start of a war that ripped our country apart. The North had full control over the federal government and used that to suppressRead MoreCivil War Causes1382 Words   |  6 Pages Causes of the Civil War John Brown’s Raid vs. Industrial Revolution John Brown’s Raid was a more influential cause to the civil war than the Industrial Revolution. The Industrial Revolution caused incompability between the North and the South. The North relied on wage laborers with the new machine age economy while the South relied heavily on slaves. So, the North did not need slaves for their economyRead MoreCauses Of The Civil War1740 Words   |  7 PagesThe Civil War was not an event that erupted overnight or something that no one had seen coming. It was a result of long stemming conflicts. â€Å"The road to civil war was complex and multi-faceted† (Wells, 1). These conflicts kept creating a divide amongst the states in the nation. The divide finally became so great, that the United States split into the Confederacy (South) and the Union (North), and fighting erupted. â€Å" â€Å"The Civil War,† Randall Jimerson observes, â€Å"became a total war involving the entireRead MoreThe Causes Of The Civil War1238 Words   |à ‚  5 PagesGalindo Mr. Scheet AP U.S History 5 November 2017 Unit 4 Essay The initial causes of the Civil War have been previously discussed and analyzed by historians, but have remained one of the most controversial debates, due to its numerous causes that created the most devastating war in American history. The country had been avoiding the disputes that would later become the causes of the civil war for decades. The Mexican War is proof that the issue of slavery was put on hold by President James K. PolkRead MoreCause of the Civil War1296 Words   |  6 PagesHistory 11 12/17/2006 The root causes and precipitating events that led to the Civil War (1861-1865) The Civil War between northern and southern states was a consequence of contradictions of two social systems inside the country. At the basis of these contradictions was a question of slavery, completely determining economic and political interests of South. North strived to enforce Federal government power to protect their own economic stability. As a result the South wanted a separationRead MoreCauses of the Civil War1489 Words   |  6 PagesThe Causes Of The Civil War The Political War The North and South fought over politics, mainly the idea of slavery. Basically the South wanted and needed it and the North did not want it at all. The South was going to do anything they could to keep it. This was the issue that overshadowed all others. At this time the labor force in the South had about 4 million slaves. These slaves were very valuable to the slaveholding planter class. They were a huge investment to Southerners and if taken awayRead MoreThe Causes Of Civil War2004 Words   |  9 PagesGà ¶ksel What are the causes of Civil War? Do ethnic determinants play an important role? Why are certain parts of Africa characterized by ethnic conflict while other parts remain relatively calm? The conventional understanding on the causes of civil war especially within African countries, to a considerable degree, has being predominantly characterized to draw its root on ethnic divergences. However, such premise appear extremely difficult to be true, owing to the fact that civil war is a complex actionRead MoreThe Cause Of The Civil War Essay1940 Words   |  8 PagesKelah Lehart Mr. Henkel American History I October 14, 2016 The Causes of the Civil War The American Civil War divided the nation because there were tensions between the North, non-slavery states, and the South that focused on the expansion of slavery. The South believed that Abraham Lincoln planned to eliminate slavery which would destroy the growth of cotton. Eleven southern states then seceded from the Union, and became known as the Confederate States of America. When Abraham Lincoln was elected

Phineas Gage free essay sample

Since, Phinaes life the research has been able to uncover the many miracles on how his life changed on that fatal day which changed his life forever. Phineas Gage The forebrain plays a significant part in cognitive functions. It is also the anterior and largest portion of the brain. The forebrain includes the central hemispheres, that includes the limbic system, thalamus, hypothalamus and the callosum. Each of the hemispheres are divided into four lobes. Frontal, parietal, occipital and temporal are the four lobes. The forebrain controls cognitive functioning.The cognitive functions are: sensory and motor function, temperature regulating, reproductive, eating, sleeping, and displays emotions. In 1848 an unforeseen accident happen when Phineas Gage was preparing an explosive hole that required the use of a tamping iron. The tamper iron hit the rock causing a spark to ignited the explosive power and sent the tamper iron though the cheek bone on the left side and exited through the top of the head and into the air landing 30 feet away. We will write a custom essay sample on Phineas Gage or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page How might this affect his cognitive functioning? Phineas GagePhineas Gage would not know till months and years later what damage was done to his brain and how it would affect his cognitive functioning. John Martin Harlow was the attending physician that cleaned Gages wounds by removing small bone fragments and replaced the large fragments of the skull that remained but where displaced. He covered the wound by placing straps on Gages head and a wet compress on the opening. The wound was left open to drain. A few days later Gages brain became infected and Maslow drained pus from the abscess under the scalp. Haslow, described the iron as entering the cranium, passing through the anterior left lob of the cerebrum, and exited in the medial line, at the junction of the coronal and sagittal sutures, lacerating the longitudinal sinus, fracturing the parietal and frontal bones extensively, breaking up portions of the brain, and protruding the globe of the left eye from its socket (Scienceblogs. com,MO,2007). By January 1849 everyone could see a change in Phineas behavior. Friends where stating that he was not the Phineas that they had known in the past.His injury had changed him to be irreverent, indulging at times in gross profanity, impatient, would not except advise, could not follow through on plans. With this happening he could not have his job back on the railroad construction crew. Cognitive changes in Phineas Gage With the injury Gage had with the iron precising and going through the brain there had to be some cognitive change in the areas that Haslow described. These areas of the brain that would be affected would be the cerebral cortex lobes that are the frontal lobe that is involved with decision-making, problem solving, and planning.The parietal lobe that receives and processes sensory information and the temporal lobe that is involved with emotional responses, memory, and speech. Also effected would parts of the limbic system structure to include the amygdala which involves emotional responses and memory, along with the substantia nigra that helps to control voluntary movement and regulates mood(brianexplorer. org/forebrain). Conclusion The study of the human brain has come so far since the accident that happen at the railroad site in 1848 with Phineas Gage.Studies have shown how the different parts of the brain is divided and how each part works in different ways as far as cognitive functioning. Parts of the cerebral cortex lobes: controls vision, color, emotions, memory and speech. While parts of the limbic system is also involved with emotional responses sensory input concerning emotions, and memory. the part of the brain that was damaged also produced epilepsy where there was an abnormal bust of electrical signals that interrupts the normal electrical brain functions.

Ubuntu Technologies Plc

Question: ExplainUbuntu Technologies Plc. Answer: Introduction Ubuntu Technologies Plc is a Midlands based organization, operating for the past 20 years. The company has specialized in manufacturing a special type of versatile motor engine part. Initially, Ross-Royce engines used this part. However, over the years the client base of Ubuntu enhanced and it included large automakers such as Toyota, Ford, Honda and Mercedes. Formerly, the business activities of Ubuntu Technologies Plc were limited to United Kingdom and some other parts of Europe. Presently, the market of Ubuntu has expanded in various parts of India, China, Japan and North America. In the past decade the sales of Ubuntu outside the European market has been increasing while it is declining in the European market. In the post global financial crisis era, the company has encountered difficult situation. Actually, the entire, motor manufacturing industry has suffered in that period. The impact of global financial crisis was severe in the USA, EU and UK. The traditional market of the co mpany automatically declined and Ubuntu faced major challenges. Consequently, the company has focused on exploring the emerging markets of Asia. However, the company do not have adequate knowledge regarding the Asian markets. Additionally, it has been observed that the emerging markets are highly competitive and penetrating those markets will require effective strategies and adequate knowledge. Due to increased competition and some other factors the company has encountered a loss in the last financial year. In this situation, the board members of the company are very much concerned about the future prospect and they have been looking for various options. It has been observed that a board of director of Ubuntu arranged a meeting for exploring the possibility of acquiring the outright of the organization. Though some board of directors are willing to sell off the company the managing director is hopeful about the long term prosperity of the company (Klemstine and Maher, 2014). The man aging direction of the organization has been preparing to represent some strategies that would help in reviving the financial position of the company. This paper will focus on analyzing the financial position of the company along with estimating the value of the organization. Analysis of the Performance and Financial Position Ubuntu Technologies have been encountering some issues and it is important to analyze its performance and present financial position for making rational decision. Financial performance analysis focuses on considering the financial information of the company and analyzes its performance over the past few years. Analysis of the financial performance provides an insight to the major weaknesses as well as strengths of the company. The results of the financial performance analysis will identify the weakness of the organization and the company can focus on overcoming those issues in order to maximize the performance of the company. On the other hand, the major strengths of the company can be recognized which will be helpful in maintaining the position of the company. In order to analyze the financial performance, ratio analysis can be used for analyzing various performance aspects of Ubuntu. This analysis will be helpful for the board of directors of the company for making rational decisio n on the basis of past performance analysis. This section will include ratio analysis for analyzing the financial performance of the firm over the last three years. Ratio Analysis Ratio analysis is a useful tool for analyzing the financial performance of an organization. It considers the important and relevant financial information of the company in order to calculate some financial performance indicators (Oliver and Horngren, 2010). Financial statements such as balance sheet, income statement and balance sheet are considered for gathering relevant information which will be used in order to calculate various performance indicators or financial ratios. This effective too has been extensively considered by various organizations in order to analyze the financial performance of the company. Ratios are considered by the internal as well as external users of the companies for making decision (Epstein and Lee, 2014). Different type of ratios such as profitability ratio, efficiency ratio, liquidity ratio etc helps in getting an insight regarding organizational performance (Garrison, Noreen and Brewer, 2010). Profitability ratio gives an overview of the potential of th e organization in making profits in relation to revenue. On the other hand, liquidity ratios estimate the short term cash position of the business firm. Efficiency ratio helps in understanding the efficiency level of the organizational activities. Investors ratios are largely considered by the investors in order to assess the return on investment in this organization. In this section, important financial ratios of Ubuntu Technologies Plc have been calculated for three consecutive years 2012, 2013 and 2014. Profitability Ratio Profitability ratios help in estimation of the profit generation capacity of the company. Gross profit margin is calculated for indicating how much money is available to the company after deducting the cost of goods sold (Klemstine and Maher, 2014). There are two important profitability ratios that will be calculated in this section: gross profit margin and net profit margin. Gross profit margin estimates the ratio of the revenue to the amount left after considering the cost of goods sold. From the following table, it can be found that the gross profit margin of the company has declined over the past 3 years. It can be found that the cost of goods sold is increasing but the revenue is not increasing in the same proportion (Oliver and Horngren, 2010). It does not have a positive indication for the financial health of the organization. It can be stated that the marketing strategies have not been effective in enhancing the revenue of the organization. On the other hand, net profit margi n is calculated after considering the total expenditure of the company (Horngren, Harrison and Oliver, 2009). It is calculated by the ratio of revenue of that organization for that financial year to the amount left after costing all the expenses of that firm (Peterson Drake and Fabozzi, 2006). In case of Ubuntu, the net profit margin of the company has been found to be negative in 2014. It started declining since 2012 and in 2014, the company encountered loss of 3.87%. It does not indicate a favourable financial position of the company (Garrison, Noreen and Brewer, 2010). The expenditures of the company have increased significantly. However, the sales revenue has not increased in the same proportion. Hence, it can be clearly implied that Ubuntu Technologies have not been able to generate consistent profit over the three financial years (Kieso, Weygandt and Warfield, 2012). (*values are in millions) 2014 2013 2012 Profitability Ratio Gross Profit 115.00 125.00 135.00 Revenue 630.00 610.00 580.00 Gross Profit Margin 18.25% 20.49% 23.28% Net Profit - 24.40 5.00 12.00 Revenue 630.00 610.00 580.00 Net Profit Margin -3.87% 0.82% 2.07% (Source: (Peterson Drake and Fabozzi, 2006)) Liquidity Ratio Liquidity ratios are very important for understanding the short term liquidity of the firm (Seal, Garrison and Noreen, 2009). It basically focuses on estimating the cash position of the company in order to meet the obligation that is short term (Wernz, 2014). Liquidity ratio helps in assessing whether the company has adequate potential to conduct its day to day operational activities. Current ratio and quick ratio are considered to be two important ratios for evaluating the solvency of an organization. Liquidity ratios consider the short term assets and short term liabilities form the balance sheet in order to determine the short term cash position of that business firm. Current ratio is the proportion of short terms assets and short term liabilities of the company. If the ratio is greater than 1, it indicates the company has potential to meet the short term obligations with the aid of its current assets. In contrast, if the current ratio is less than 1, it implies the business firm does not have adequate current asset for meeting the short term liabilities of the firm. The company needs to arrange short term assets such as cash, bank balance, inventory, and accounts receivable for maintain moderate level of current asset which can be sufficient for meeting the requirement of the company. The liquidity position of Ubuntu has declined over the period and in 2014 the current ratio is less than 1. In 2012, current ratio was 1.15 which indicates the company had adequate current asset that helps in meeting the short term obligation of the company. However, the current ratio declined in the consecutive two financial years: 2013 and 2014. It indicates an un favourable position for the company. Quick ratio is another important liquidity ratio that helps in estimating the short term cash position of the organization. Quick ratio does not consider inventories as current asset as it cannot be converted to cash quickly (Kieso, Weygandt and Warfield, 2012). The quick ratio of Ubuntu has declined over the three years and it is very poor in 2014. It means the company has been struggling to meet its short term liabilities in the past three financial years. Moreover, it can be implied that the inventory of the company is significantly high and when it is not considered in the current asset, the liquidity ratio declined sharply. 2014 2013 2012 Liquidity Ratio Current Asset 278.30 225.00 230.00 Current Liabilities 349.30 239.00 200.00 Current Ratio 0.80 0.94 1.15 Current Assets 278.30 225.00 230.00 Inventories 120.00 100.00 110.00 Current Liabilities 349.30 239.00 200.00 Quick Ratio 0.45 0.52 0.60 Efficiency Ratio Efficiency ratios are calculated in order to assess the efficiency level of the organizational activities in terms of inventory conversion, utilization of assets etc (Cummins and Weiss, 2013). The efficiency ratios are determined in terms of the asset turnover ratio and the inventory turnover ratio. The asset turnover ratio determines the ability of the company to use the assets in an efficient manner for generating revenue. This section will focus on discussing two major efficiency ratios: inventory turnover ratio and asset turnover ratio for 2012, 2013 and 2014. Asset turnover ratio is calculated for estimating the capacity of the company in utilizing its assets for generating revenue (Kieso, Weygandt and Warfield, 2012). It has been found that the asset turnover ratio is less than 1. It clearly indicates that the company has been unable to utilize its assets effectively. On the other hand, inventory turnover ratio indicates the time taken for converting its inventory into sales (P eterson Drake and Fabozzi, 2006). If the inventory turnover ratio is high it implies that it takes greater time to convert its inventory into sales and the chance of obsolesce increases (Drury, 2012). It has been found that the inventory turnover ratio was highest in 2012 and then it decreased in 2013. Again in 2014, it has increased which is not favourable for the company (Horngren, Harrison and Oliver, 2009). It is seen that in the year 2012, the revenue of the company was 580 millions. The total asset of the company comprising of the current assets and the tangible assets is 730 million dollars. The asset turnover ratio for 2012 is 0.79. The revenue of the company for 2013 is 610 million dollars and the total assets have been 825 million. In the year 2014, the revenue of the company is 630 million and the total assets of the company are 957 million. The ratio for the year is 0.66. It is seen that the investment of the company in the total assets has been increasing from the year 2012 to the year 2014. The increase in investment in total assets of the company for the year 2014 has been 31%. This has resulted in the increase in the revenue of the company. The revenue of the company has increased from 2012 to 2013 is 30 million and the increase in the revenue from the year 2013 to 2014 is 20 million. There has been 8% increase in the total revenue of the company. This has resulted in the v ariation of the ratio from 2012 to 2014 as it is seen below. Similar change in noticed in the inventory turnover ratio as the inventory of the company has been increasing in the year 2014. The cost of sales for the year 2014 has increased by 2012 to 2014 by 13%. But the increase in number of days is not favourable for the business. The company must reduce its inventory amount and use it efficiently. 2014 2013 2012 Efficiency Ratio Revenue 630.00 610.00 580.00 Total Asset 957.30 825.00 730.00 Asset Turnover 0.66 0.74 0.79 Inventories 120.00 100.00 110.00 Cost of Sales 515.00 485.00 445.00 Inventory Turnover ratio (days) 85.05 75.26 90.22 Capital Structure Ratio Capital structure plays a crucial role in analyzing the risk associated with the business operations (Peterson Drake and Fabozzi, 2006). Gearing ratio and interest coverage ratio are the important ratio that will help in analyzing vulnerability relating to debt and equity. Gearing ratio helps in estimating the ratio between debt and equity of the firm (Kieso, Weygandt and Warfield, 2012). Higher amount of debt indicates greater level of risk (Seal, Garrison and Noreen, 2009). In case of Ubuntu, gearing ratio has been estimated to be greater than 1 in 2014. Debt was significantly low in 2012 and in 2014 it had exceeded the equity. The company has become more leveraged and the risk has increased (Horngren, Harrison and Oliver, 2009). Interest coverage ratio indicates the ability of the company to meet liability associated with debt (Zhu, 2009). In 2012, the interest coverage ratio of Ubuntu indicated that the company had significant potential to pay off its liability (Kieso, Weygandt a nd Warfield, 2012). However, in 2014, the company encountered loss and does not have the capability to pay interest against the borrowings. Hence, it can be stated the financial position of Ubuntu is not good in 2014 and it has deteriorated over the three years period. The capital structure ratio shows the percentage of equity and debt of the company. It is favourable for the business to have a low debt than equity. The financial risk of the company reduces. But in the present situation it is seen that the amount of debt capital of the company is increasing rapidly. The debt capital of the company has increased by 100% in the year 2014 from the year 2012. However the equity capital is same. This is risky for the company during financial turmoil. Thus it is favourable of the company to lower the debt capital so that the burden of the company is reduced in times of financial turmoil. The interest coverage ratio shows that ability of the company to pay its interest with the profit. The interest expense of the company has been increasing from the year 2012 to the year 2014. The company has suffered from huge loss in the year 2014. Thus the company will not be able to repay its interest expense within the profit. The financial risk of the company will i ncrease in near future. Thus in such a financial turmoil, the increase in debt burden of the company will pose serious threat for the company in future. 2014 2013 2012 Capital Structure Ratio Debt Capital 345.00 230.00 145.00 Total Equity 310.00 310.00 310.00 Gearing Ratio 1.112903226 0.741935484 0.467742 Profit before interest and tax - 11.40 18.00 25.00 Interest Expenses 12.00 10.00 8.00 Interest Coverage Ratio -0.95 1.8 3.125 Value of the Organization If the anticipation of the managing director is considered to be true, i.e. introduction of a new approach will help in saving cost of 25 million, in calculating the value of the firm, profit and loss can be ignored. Adjusted book value method or cost approach can be adopted for estimating the value of the organization. First of all, the balance sheet must be considered to assess the value of the assets. The assets will include both current and non-current assets. Cash, accounts receivable, inventories, non-operating assets, fixed assets (tangible) and intangible assets must be considered for calculating the total assets of the organization. Current assets are already in book value and hence, adjustments are not required. In order to calculate goodwill, the company can be adopting excess earnings method. Therefore, liabilities and equities need to be calculated by considering long term date, deferred tax, contingent liability and stockholders equity (Williams and Naumann, 2011). The refore, net assets can be calculated by subtracting liabilities from assets. The value of the company can be understood from the above ratio analysis of the financial statements of the company. The ratio analysis clearly shows that in the last three financial years the liquidity ratios have decreased which shows the companys failure in paying away its suppliers and also there is lack of liquid assets which could be easily transferable to cost. The liquidity position of this company is not at all good due to which it is unable to meet its short term obligations and resulted in mistrust among its investors. The profitability position of this company also showing a steady falls, where the net profit has gone to negative which means that the company has made a net loss in the year 2014. The investors and shareholders of the company will lose interest on this company and the owners are opting to sell it away to recover the loss. The capital structure of the company is also not at all good; with the source of capital shifting more from equity capital to long term d ebt capital is a clear indication of huge leverage the company is bearing at present. The efficiency ratios are also deteriorating which shows the lack of efficiency on the part of the company in making use of its assets and liabilities. This determines the value of the company which for Ubuntu Technologies PLC is clearly showing negative results. The value of the organization acts as a base for the organization to take important strategic decisions. It helps in decision making and all the future objectives of the organization are set based on it. The study of the financial situation of the company at present supports the decision of the Board of Directors that it is better to sell the organization. Even if the new approach can decrease the cost of production but the capital structure and the liquidity position cannot be changed with a cost control approach. The value statement of the company shows the financial problem it is facing and despite showing good growth in the initial years it has fell miserably. The value of the organization can only be changed with a strict approach on the part of the management. So, comparing the current position of the company and understanding the approach of the managing directors selling the company is the only way to revive the value of the organization. Conclusion This paper has demonstrated that the Ubuntu Technologies Plc has not been performing well and the financial position of the company has deteriorated over the last three years period. Ratio analysis of the firm has demonstrated that the company has not been able to earn significant revenue by utilizing its assets properly. The inventory turnover ratio is high and it can be concluded that the efficiency of the company has been significantly poor. Additionally, the company had encountered loss in 2014 which has created a doubt among the shareholders. Liquidity ratios such as current ratio and quick ratio are estimated to be lower than 1 which clearly indicated that the company does not have enough potential to meet the short term obligations. Moreover, the gearing ratio demonstrated the proportion of debt has exceeded equity capital which has enhanced the level of risk. As the directors are planning to sell off the company, the estimated value of the business can be calculated by the ab ove stated method. The ratio analysis of the financial statements of Ubuntu Technologies PLC for the last three years clearly indicates its declining financial condition. We have made use of several accounting ratios to understand it better. The ratio analysis covers the income statements, balance sheet and the cash flow statements of the company. The ratio analysis supports the decision of the Board of Directors, so even though the effort of the managing director to revive the company with a new cost control approach is appreciated but it is not enough to recover the company from its poor financial condition. So, we can conclude the financial study of Ubuntu Technologies PLC. References Braun, K., Tietz, W. and Harrison, W. (2010).Managerial accounting. Upper Saddle River, N.J.: Prentice Hall. Cummins, J. and Weiss, M. (2013). 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