It's obvious financial statement have a lot of numbers in them and at first glance it can seem unwieldy to read and understand. One way to interpret a financial report is to compute ratios, which means, divide a particular number in the financial report by another. Financial statement ratios are also useful because they enable the reader to compare a business's current performance with its past performance or with another business's performance, regardless of whether sales revenue or net income was bigger or smaller for the other years or the other business. In order words, using ratios can cancel out difference in company sizes.

There aren't many ratios in financial reports. Publicly owned businesses are required to report just one ratio (earnings per share, or EPS) and privately-owned businesses generally don't report any ratios. Generally accepted accounting principles (GAAP) don't require that any ratios be reported, except EPS for publicly owned companies. 

Ratios don't provide definitive answers, however. They're useful indicators, but aren't the only factor in gauging the profitability and effectiveness of a company. 

One ratio that's a useful indicator of a company's profitability is the gross margin ratio. This is the gross margin divided by the sales revenue. Businesses don't discose margin information in their external financial reports. This information is considered to be proprietary in nature and is kept confidential to shield it from competitors.

The profit ratio is very important in analyzing the bottom-line of a company. It indicates how much net income was earned on each $100 of sales revenue. A profit ratio of 5 to 10 percent is common in most industries, although some highly price-competitive industries, such as retailers or grocery stores will show profit ratios of only 1 to 2 percent. 




Summary:
There are a variety of errors applicants make when filling out their MBA applications. These errors can be avoided by understanding them and double checking your work. Here are the most common errors and how to avoid them.

Careless Errors

There is really no excuse for careless errors, and having even one on your application can affect the way you are perceived. You have more than enough time to proofread and have others look over your essay. If an error slips through, y...


Keywords:
personal statements, personal statement, graduate school


Article Body:
There are a variety of errors applicants make when filling out their MBA applications. These errors can be avoided by understanding them and double checking your work. Here are the most common errors and how to avoid them.

Careless Errors

There is really no excuse for careless errors, and having even one on your application can affect the way you are perceived. You have more than enough time to proofread and have others look over your essay. If an error slips through, your readers may assume that you are careless, disorganized, or not serious enough about your application.

Remember that spell check does not catch all possible errors, and even grammar check is far from perfect. In addition to typographical errors such as repeated words, you have to read the essay carefully to catch mistakes in meaning that might come in the form of a grammatically correct sentence.

Let these humorous but unfortunate examples be a lesson to read your essay carefully for unintended meanings and meaningless sentences:

* It was like getting admitted to an Ivory League school.

* Berkeley has a reputation of breeding nationalists and communists.

* I'd like to attend a college where I can expose myself to many diverse people.

* I was totally free except for the rules.

* In a word, the experience taught me the importance of dedication, friendship, and goals.

* I have an extensive knowledge of the value of intelligence.

* I envy people with a lot of time in their hands.

Vague Generalities

The most egregious generalizations are the ones that have been used so many times that they have become clichés. For example, "I learned the value of hard work." That statement doesn't tell us anything insightful or interesting about the writer's character, because it has been said so many times as to become meaningless.

Generalities come in the same form as clichés, except with different content. They are always superficial and usually unoriginal but haven't quite reached the level of predictability that would make them qualify as clichés. Consider this before-and-after set to learn how to evaluate this factor in your writing:

Before: In the first project I managed, I learned many valuable lessons about the importance of teamwork.

After: In the first project I managed, I made an effort to incorporate all my colleagues as equal members of a team, soliciting their feedback and deferring to their expertise as needed.

Terms like "valuable lessons" and "teamwork" are vague and do not really convey anything meaningful about the applicant's experience. In contrast, the revised version explains the team dynamic in more detail, showing specifically how the applicant exercised teamwork principles. The passage should go on to include even more detail, perhaps by naming a particular colleague and discussing his interaction with that person.

Sounding contrived is a problem related to overly general writing. Applicants often have preconceived notions about what they should be discussing, and they try to force those points onto the experiences they relate. The best way to counteract this tendency is to start with your experiences and let the insights flow from there. Think about your most meaningful experiences and describe them honestly. Often you will find that you don't need to impose conclusions because the personal qualities you're trying to demonstrate will be inherent in the details. If you decide that clarification is necessary, the transition should still be natural.

Summarizing Your Resume

Perhaps the most common personal-statement blunder is to write an expository resume of your background and experience. This is not to say that the schools are not interested in your accomplishments. However, other portions of your application will provide this information, and the reader does not want to read your life story in narrative form. Strive for depth, not breadth. An effective personal statement will focus on one or two specific themes, incidents, or points. Trying to cram too much into your essay will end up in nothing meaningful being conveyed.

One common "mistake" in essays is to narrate one's resume, or life history, without any reflection or evaluation or self-criticism. - Yale School of Management

By narrating your resume, you not only lose an opportunity to bring your experiences to life for the reader, but you also ignore the task of self-evaluation, which is critical to business school admissions, as evidenced by comments quoted throughout this course.

Losing Sight of the Big Picture

In the last lesson we emphasized the importance of including details. But as always, quality is paramount: the details you choose should be relevant and insightful. Some applicants will describe their work in boring technical detail without the necessary reflection and analysis.

What I oftentimes see is that people use the essays to focus on lots of things that are extraneous to them, such as their individual work experience; what they do becomes more of a focus than who they are. I am really struggling to get to know the applicants as people and I frankly don't want to hear about the minutiae of their work. I want to hear why they chose to do what they do, why they chose to go to school where they did, what they value about those individual experiences and the impact of these experiences on their development as people. - The Wharton School, University of Pennsylvania

One of applicants' biggest mistakes is that they don't see the big picture; they only see the small picture so they get involved in minutiae. They get too focused on what they've been doing, detail by detail. They just regurgitate or reiterate what they've been doing without much thought as to where they see themselves going. - The Amos Tuck School (Dartmouth College)

Long-windedness

Sometimes the same writer who relies too heavily on generalizations will also provide too many irrelevant details - and in this case we're referring to the truly irrelevant, not just the boring technical points. That's why most essays submitted to EssayEdge are returned with significantly reduced word counts and, conversely, suggestions for additions. The problem is that writers often don't consider what is actually necessary to include, or they repeat points freely.

Example of Irrelevant Detail: "After a meeting with my adviser, I returned home to think over the matter more carefully. Ultimately I came to the conclusion that my global interests would best be served by a double major in international relations and business."

In this example, we learn nothing about the applicant from the mention of his meeting with an adviser. What's relevant are his interests and the decision he made based on them. The details about how he arrived at the decision are not illustrative of his character in any way and are therefore superfluous.

Example of Redundancy: "The experience taught me a great deal about hard work. I learned that hard work requires focus as well as pure effort."

The first sentence is unnecessary, because the second sentence makes the same point with more specificity.

In addition to superfluous content, you also have to watch out for wordy writing. Wordiness not only takes up valuable space, but it also can confuse the important ideas you're trying to convey. Short sentences are more forceful because they are direct and to the point.

Before: "My recognition of the fact that the project was finally over was a deeply satisfying moment that will forever linger in my memory."

After: "Completing the project at last gave me an enduring sense of fulfillment."

Certain phrases such as "the fact that" are usually unnecessary. Notice how the revised version focuses on active verbs rather than forms of "to be" and adverbs and adjectives.

Big Words

Using longer, fancier words does not make you sound more intelligent, since anyone can consult a thesaurus. Simpler language is almost always preferable, as it demonstrates your ability to think and express yourself clearly.

Before: "Although I did a plethora of activities in high school, my assiduous efforts enabled me to succeed."

After: "Although I juggled many activities in high school, I succeeded through persistent work."

Be sure to read through your MBA essay a few times, each time reviewing the most common errors. When an error is identified, take the time to rewrite your essay in the manner suggested above. The result will be a winning MBA essay.



Summary:
Whitewater rafting can be fun and exhilarating. It can also be scary and dangerous if you venture out by yourself in an area that's rated way above your experience level. But, are there rafting trips which offer fun and excitement, but still mild enough for beginners and children? Absolutely. Here are a few you might consider.

1. Little Gore Canyon – Near Denver, Colorado

With a rating of Class I to III, the Little Gore Canyon section of the Colorado River offers...


Keywords:
whitewater rafting, rapids, class II, class III, rafting trip, float trips, beginner, family vacatio


Article Body:
Whitewater rafting can be fun and exhilarating. It can also be scary and dangerous if you venture out by yourself in an area that's rated way above your experience level. But, are there rafting trips which offer fun and excitement, but still mild enough for beginners and children? Absolutely. Here are a few you might consider.

1. Little Gore Canyon – Near Denver, Colorado

With a rating of Class I to III, the Little Gore Canyon section of the Colorado River offers mild yet exciting whitewater suitable for beginners and families with children. You can enjoy Little Gore Canyon in a raft, kayak, inflatable kayak or a canoe.

Companies which offer rafting trips for families in Little Gore Canyon include:

Bill Dvorak's Kayak & Rafting Expeditions
Providing expeditions since 1969, Dvorak's was Colorado’s first licensed outfitter. They offer 2-day family expeditions in Little Gore Canyon, with meals included. For more information, call them at 800-824-3795.

Rancho Del Rio
Offers half and full-day trips with lunch included, as well as an overnight and three-day trip with choice of three meal plans. Call them at 970-653-4431 for more information.


2. San Miguel River – Near Telluride, Colorado

A rafting trip along the San Miguel River near Telluride, Colorado will provide you with Class II and occasional Class III rapids, along with spectacular scenery of red rock cliffs and alpine terrain. This trip is great for beginners and families with children over 10 years of age.

Companies which offer rafting trips for families along the San Miguel River include:

Mild to Wild Rafting & Jeep Trail Tours, Inc.
Trip leaders average 3,000 river miles (the state of Colorado requires 750), and they offer shuttles around rapids for kids and elders. Mild to Wild offers 1-day, 2-day or 3-day trips down the San Miguel River, including meals on the river and in camp.

Bill Dvorak's Kayak & Rafting Expeditions
They offer 1 to 5-day family rafting expeditions along the San Miguel River, with meals included. For more information, call them at 800-824-3795. If you wish longer trips of 6 to 12 days, you can combine a trip on the San Miguel River with a trip on the Dolores. are available by combining the San Miguel with the Dolores.


3. Upper New River – South Central West Virginia

Beginners will appreciate the "beginner-friendly" rapids of the Upper New River, rated I to III in difficulty. An added feature is the incredibly beautiful scenery and the belief by some that the New River is the world's 2nd oldest river.

Companies which offer family rafting trips on the Upper New River include:

Rivermen
Offers a 1-day family rafting trip package on the Upper New River which includes 2 nights lodging, 1 breakfast buffet, 1 lunch buffet and 1 dinner buffet. You have many different types of lodging to choose from, including cabin, RV, camping, cabin tent or the Quality Inn. If you want more adventure to go with your rafting, Rivermen also offers multi-sport, multi-day adventure packages, such as a rafting and climbing package, a rafting, climbing and jetboat package, or a rafting, climbing, jetboat and horseback riding package. Call them at 800-545-7238 for more information.

4. South Fork of the American River – near Sacramento, California

The South Fork of the American River is a favorite in California, rated a Class II and III and suitable for beginners and children ages 7 and above. The 3-mile, Class II "Coloma to Lotus" stretch of the South Fork is a perfect place for novices to try out rafting. You will also enjoy the scenery of oak and pine forests.

Companies which offer family rafting trips on the South Fork include:

O.A.R.S.
Has been in business for over 30 years and offers a 2-day rafting trip on the South Fork, which includes lunch and dinner and overnight camping at River’s Bend Resort in Coloma, as well as breakfast the next morning. Call them at 800-346-6277 for more information.

American Whitewater Expeditions
Offers half, full and 2-day trips on the South Fork, as well as family midweek specials of 1 and 2-day trips. For those of you in Southern California, American Whitewater Expeditions has a special 2-day South Fork trip with round trip deluxe bus from Orange County, Los Angeles or San Fernando. And for those family members or friends who don't wish to raft but wish to camp at the company's campsite, they have a special of 2-nights camping and 4 meals for $69. Call 877-825-3206 for more information.

5. Upper Main Salmon River – near Sun Valley, Idaho

This section of the Salmon River in the Sawtooth Wilderness Area provides mild Class II rapids with some thrilling Class III rapids to provide the beginner and veteran alike with a very enjoyable rafting adventure.

Companies which offer beginner and family trips on the Salmon River include:

White Cloud Rafting Adventures
Offering half and full-day Class II and III trips suitable for beginners and children. Half-day trips include a snack, full-day trips include lunch. They also offer half-day scenic float trips for those who want an even milder trip down the Salmon River. This trip is a smooth and easy float with Class II rapids. Call them at 800-571-RAFT for more information.

Whichever river and outfitter you choose, do remember to apply sunscreen and wear water shoes or tennis shoes (no flip-flops), and bring a change of clothes. And do be careful, whitewater rafting can be addictive.




Are you planning to take a camping adventure? If you are, have you ever been camping before? If this is yours first time taking an extended camping vacation, you may be unsure as to what you should bring along with you. If that is the case, you are definitely not alone. Although a camping vacation can be fun and exciting, it can sometimes be stressful to plan. If you would like assistance with planning your next camping vacation, you will want to continue reading on.

When it comes to camping, you will find that you need to bring multiple items with you. These items often include items that are referred to as camping supplies and then items that are referred to as camping gear. In most cases, you will find that camping gear is used to describe pieces of equipment, whereas camping supplies are often used to describe food, health and beauty products, and so forth.

When it comes to camping supplies, like clothing and food, there are many individuals who automatically know what they need to bring. On the other hand, when it comes to camping gear or camping equipment, there are many individuals who are unsure as to what they really need to bring with them. Just a few of the many pieces of camping gear or camping equipment that you may want to bring with you on your next camping adventure are outlined below.

One of the most common pieces of camping gear that you will need to bring with you on your next camping vacation is a tent. Depending on who you are going camping with, you may even need to bring multiple camping tents with you. If you have yet to purchase a camping tent, you will want try and make sure that you purchase a tent or tents that are strong, sturdy, dependable, and waterproof. Even if you are planning on camping in a motor home, you may want to think about brining a tent, just incase. Many motor home campers prefer spending at least one night in the open wilderness and you may too.

A sleeping bag is another piece of camping gear that you will want to make sure that you bring along with you. If you are camping with your family or your romantic partner, you will want to make sure that you have enough sleeping bags to go around. Although you may assume that a light sleeping bag is good in the summertime, you may still want to think about brining along a heavy style sleeping bag. These types of sleeping bags are good in case the weather suddenly turns cold.

In addition to brining a traditional sleeping bag with you, you may also want to think about bringing along a sleeping pad or an air mattress. If you will be camping in a traditional tent, you may find it somewhat uncomfortable. While many campsites have level ground, not all do. If you are concerned with how you will be able to sleep on your next camping adventure, you may want to buy a sleeping pad or an air mattress along with you, just to be on the safe side. With these items being relatively affordable, you really have nothing to lose by doing so.

The above mentioned camping gear pieces are just a few of the many camping gear pieces that you may want to think about brining along with you on your next camping adventure.




In the state of Texas, 2 licenses are needed. The first is called the Conservation license. This is a prerequisite a person must have before being allowed to obtain a fishing license.

The Conservation license can be obtained from the Fish, Wildlife & Parks or FWP. This is done by giving one’s social security number and other information that is requested. A valid driver’s license or any valid ID with photo must also be presented for security purposes for the license to be processed.

Once that is done, a fishing license can be acquired which is neither non-transferable nor non-refundable and is only valid for one year.

Fish that are normally caught in Texas are flounder, trout and sheepshead.

Here are some tips that will help anyone who wants to go fishing in Texas;

1. The first thing to do is get the right equipment: a good boat, fishing rod, reels and bait.

2. If one is not familiar with the place, it is best to ask the locals where the best fishing ground is then start from there.

3. Hooks can be in different sizes. The right hook for fishing is dependent on the kind of bait that will be used.

4. To prevent injury especially when taking out the fish caught in the hook, it is advisable to do it using wet hands.

5. The primary source of food for Seagulls is fish. If there is a flock in one area it means that place is good for fishing. One should approach quietly and set the bait and just wait for the fish to start coming in.

6. Some fish stray when the water is clear but it is quite difficult since the fish can also see the bait. To be able to catch more fish, the best place to do it is in deep water.

7. It is also advisable to try a variety of bait when fishing. Some fish can easily be caught with one kind while others are not. It takes practice to get it right and patience for the fish to come out and haul it in.

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