Financial management Essay Example | Topics and Well Written Essays - 1000 words - 1

Financial management - Essay Example These ratios describe that how many current assets are required to fulfill the current liabilities. By using the data from each company’s financial statement we find out the current ratio of both companies. As in company A there is a large amount of assets to fullfill the liabilities of the company more efficiently as compared to the company B, so the current ratio of company A is 1 and a current ratio of company B is 0.4, the same situation is in the case of quick ratio. Quick ratio of company A is 1.02 and of the company B is 0.2. Quick ratio specifically measures the liquidity so the result shows that company A is more liquid as compared to the company B. (â€Å"HITSTELEC: Financial reports†) What do the accounts receivables turnover and inventory turnover of your company (Company (A)), compared with the other company, suggest about the company (A)’s ability to convert AR and Inventory accounts into cash? We compared account receivable turnover between company A and B, we know that account receivable turnover show that how many times companies receive payments from debtors. As the result show company A has the turnover of 8.8 times and company B has the turnover of 10.7 times, so it is clearly shown that company B has a high turnover as compared to company A. As we know inventory turnover means the cost of goods sold on an inventory recovered at a specific time. Again the company B has a high inventory turnover as compared to company A. Company A can convert account receivables into cash when it receives the debts from the debtors and this happen only when company issue debts on some specific terms and conditions or compensate the debtor that they can return their debt by their willingness. Company A can convert an inventory account into cash from the sale of inventory as possible as they can for this purpose it is necessary to reduce the cost of that inventory that every person can easily afford it. (â€Å"DU:

Why It Was Not Possible for the Catholic Church To Stamp out Heresy Essay

Why It Was Not Possible for the Catholic Church To Stamp out Heresy During the 16th Century - Essay Example Heresy, being a deadly poison generated within the organism of the Church, must be ejected if she is to live and perform her task of continuing Christ's work of salvation. Each pastor in his parish, each bishop in his diocese, is in duty bound to keep the faith of his flock untainted; to the supreme pastor of all the Churches is given the office of feeding the whole Christian flock (Wilhelm). The power granted to the Catholic Church of expelling heresy is an important factor in the constitution of the Church. The power of rejecting heresy however needs to adapt into the social and political circumstances of the time. In the beginning, the Catholic Church exercises its power without an organization. The bishops were able to find heresies in their congregation and checking the progress with all its power vested upon it by the hierarchy. When a heresy gathered support and proved a danger to the Church, the bishops assembled in councils, provincial, metropolitan, national, or ecumenical to discuss the matter (Wilhelm). In the early church, heresies were sometimes determined by a selected council of bishops, or ecumenical council, such as the First Council of Nicaea. Actually, the Catholic Church had little power to punish heretics in the early years, other than by excommunication, a spiritual punishment. Excommunication was the worst form of punishment possible because it separated the believer from the body of Christ or the Church. Excommunication, or even the threat of excommunication, was enough to convince many a heretic to renounce his views (Heresy).In the years that followed, the Catholic Church instituted the Inquisition (Latin: Inquisitio Haereticae Pravitatis Sanctum Officium), an office of the Roman Catholic Church charged with suppressing heresy. The Inquisition was a permanent institution in the Catholic Church charged with the eradication of heresies (Inquisition). The Inquisition was active in several nations of Europe, particularly where it had fervent support from the civil author ity (Heresy).The Catholic Church however, never had executed anyone for heresy. Rather, the Church turned over heretics to the respective governments for execution. Thus making heresy a part of political self-definition and exclusion (Bambrick et al). When Constantine had taken upon himself the office of lay bishop, episcopus externus, and put the secular arm at the service of the Church, the laws against heretics became more and more rigorous. Under the purely ecclesiastical discipline no temporal punishment could be inflicted on the obstinate heretic, except the damage which might arise to his personal dignity through being deprived of all intercourse with his former brethren (Wilhelm). Why it was not possible for the Catholic Church to stamp out heresyDuring the 16th century During the 16th century, stamping out heresy became more difficult due to varied reasons such as the Black Death, changes in the society, especially the corruption and moral decay within the Catholic Church. The 16th century is the period in which the medieval Church was defining itself and unifying its identity (Bambrick et al). The Catholic Chur