write a financial research paper about Tiffany Company

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please check the attachment, all the requirements are included in this attachment.

Needs to include all these structures:

  • Abstract
  • Brief history of the company
  • Current state of the financial health of the company
  • Trends in the financial health over recent years and potentially into the future
  • Comparison of the subject company with at least one or two competitors and/or industry sector
    • Analysis of the subject company’s industry sector
    • Assessing the company’s position within the industry context
      • Is it a leader?
      • Does it have a clear advantage vis a vis other industry participants?
      • Is it subject to extreme competition or pricing pressure?
    • Conclusion
      • Will you (your opinion is all that matters, supported by your analysis)
    §Buy the Company’s bonds in the medium to long term (5 to 10 years).If the Company does not issue bonds, would you buy the Company’s bonds if they did issue bonds? §Buy the Company’s common stock in the medium to long-term (5 to 10 years)

The conclusion of the Company Analysis paper will be whether you (not a rating agency, not a brokerage firm, not any other entity), but will you

oBuy the Company’s bonds in the medium to long term (5 to 10 years).If the Company does not issue bonds, would you buy the Company’s bonds if they did issue bonds?

oBuy the Company’s common stock in the medium to long-term (5 to 10 years)

Unformatted Attachment Preview

Corporate Finance Company Analysis Paper Company Analysis paper: Using the accounting and analytical tools presented in this class, each student will prepare an analysis of a public company (a company traded on either the NYSE or NASDAQ Exchanges). ✓ The conclusion of the Company Analysis paper will be whether you (not a rating agency, not a brokerage firm, not any other entity), but will you o Buy the Company’s bonds in the medium to long term (5 to 10 years). If the Company does not issue bonds, would you buy the Company’s bonds if they did issue bonds? o Buy the Company’s common stock in the medium to long-term (5 to 10 years) Approaches to the analysis should include: ✓ ✓ ✓ ✓ ✓ Abstract Brief history of the company Current state of the financial health of the company Trends in the financial health over recent years and potentially into the future Comparison of the subject company with at least one or two competitors and/or industry sector o For example, 4 to 6 of the most important financial ratios to your Company (not all the ratios that will be discussed) ✓ Analysis of the subject company’s industry sector o Relative strengths or weaknesses o Factors affecting the industry such as product, technical innovation, regulation, economic cycles, etc. ✓ Assessing the company’s position within the industry context o Is it a leader? o Does it have a clear advantage vis a vis other industry participants? o Is it subject to extreme competition or pricing pressure? ✓ Conclusion o Will you (your opinion is all that matters, supported by your analysis) ▪ Buy the Company’s bonds in the medium to long term (5 to 10 years). If the Company does not issue bonds, would you buy the Company’s bonds if they did issue bonds? ▪ Buy the Company’s common stock in the medium to long-term (5 to 10 years) o The pages must be numbered The Company Analysis Paper is to be prepared using the APA writing style and guideline for references format. The paper must contain a bibliography and all direct quotations and data sources must be properly cited. The Department uses the APA style as it lends itself well to both reading the paper and understanding references without being cumbersome as some other styles. Students can download the student style guide from the American Psychological Association website http://www.apastyle.org/elecref.html or you can purchase the APA style guide from the Bookstore. There is even a help disk that can be purchased that will step the student through the process as you write your paper, if you desire a more “personal assistance”. The company paper analysis is considered to be a research paper. Remember that work that you use from other authors MUST be referenced. Since it is assumed that you are not an authority on the topic that you are writing, it is expected that this paper is an overview of many different sources of information. These sources must be credited to the author using the APA format. This is your paper and not the cut and paste of someone else’s work. The internet has led to a false sense of what research is all about. Those new to research tend to think that it means spending an afternoon surfing the internet and then an afternoon cutting from the material available. Keep in mind the internet is (1) not quality oriented (some information is good and some is bad – the internet does not know the difference) and (2) the internet is Not the sole source of research. In particular, sources such as Wikipedia are the works of individual submitters which are not reviewed for accuracy, etc. Therefore, these sources are not reliable and should not be used in academic research papers. Keep in mind that the Boston University Library, as well as your local, state, and national (US Library of Congress) libraries has extensive on-line services. Please use them.
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Please let me know if there is anything needs to be changed or added. I will be also appreciated that you can let me know if there is any problem or you have not received the work. Please let me know if there is anything needs to be changed or added. I will be also appreciated that you can let me know if there is any problem or you have not received the work Good luck in your study and if you need any further help in your assignments, please let me know Can you please confirm if you have received the work? Once again, thanks for allowing me to help you R MESSAGE TO STUDYPOOL NO OUTLINE IS NEEDED

Running Head: TIFFANY COMPANY

1

Tiffany Company
Name:
Institutional Affiliation:
Date:

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TIFFANY COMPANY
Tiffany Company
Abstract

Understanding the financial health and position of a company within an industry or market acts
as one of the most important things that investors usually consider. For instance, an investor may
need to understand the financial health and trends of a company for the past few years to allow it
make the necessary calculations as well as forecasts which would make it easy to gain an insight
of the future of the underlying firm. Therefore, companies must ensure that they maintain the
required levels of performance from a financial perspective. Keeping the desired economic status
for a company may make it easy for the investors to make informed decisions in regards to
investing their money on the firm or not. This paper analyzes the financial health and trends of
the Tiffany Company. Other than the economic perspective, this paper addresses the position of
the firm in the industry in regards to the level of competitiveness it exhibits. Further, the last
section provides a personal opinion on the decision to either purchase the company’s bonds or
common stock for the medium to the long-term periods.
Brief history
Tifanny & Co usually referred to as merely Tiffany operates as a jewelry retailer which
offers a wide range of luxurious items that range from silver, crystal, fragrances and water
bottles to its customers located across the globe. The firm operates with more than 200 stores
distributed across various countries around the world. Additionally, the firm operates with a total
of 13100 workers globe-wise. The company was established in 1837 by Charles Lewis Tiffany
as well as John Young. At first, the company dealt with the delivery of stationery as well as the
fancy and luxurious emporium. After 1830, the company shortened its name to simply Tiffany &
Company and specialized in the sale and distribution of jewelry. The firm adopted a unique

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TIFFANY COMPANY

strategy for selling its products. For instance, Tiffany stood as one of the few companies that did
not allow the customers to purchase on credit.
Additionally, Tiffany attached the prices of the various goods as compared to the other
firms in the industry. The company went public in 1987 where its first stock went for $1.92.
Today, the company has grown in regards to the capital where it attracts a total of $102.12 as of
today (Nasdaq, 2018). Today, the company offers a wide range of products. The company`s
primary source of revenue comes from the sale of jewelry. Additionally, the firm gains its
revenue from the sale of other items such as watches, china, crystals as well as fragrances among
others.
The current state of the company
To understand the financial health of a company, one may need to look at various factors
and items. Some of the most commonly used things in gauging the financial health of the firm
may include the financial statements and also the financial ratios. An investor can look at the
ability of a company to meet its obligations, ability to pay its debts and also the analysis of the
debt levels of the underlying firm. In this case, Tiffany operates with a deficit to equity ratio of
33.84%. This ratio means that the company stands in a safer position in regards to maintaining
the desired levels of obligations as compared to the owners’ equity. Further, the company`s debt
to equity ratio shows that it stands at a better position in regards to favoring its growth in the
future.
On the other hand, Tiffany stands at a better position in regards to the ability to handle
the short-term liabilities. Based on the gathered information, Tiffany holds at a better place in
regards to meeting its obligation in the short term. For instance, the company recorded current
assets amounting to $3573.6M and a total of $632.8M in current liabilities. These figures show

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TIFFANY COMPANY
that the firm stands at a better place in regards to meeting its current liabilities. Further, the
company reported a current ratio of 5.65x which rises above the threshold of 3x. Such a high
current rate implies that Tiffany has a lot of capital that is unutilized in regards t...


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