Ping Pong and China Essay Example | Topics and Well Written Essays - 1500 words

Ping Pong and China - Essay Example The game is of low intensity since little physical activity is needed. The game also have become more of men’s championship since 1959. Ping pong became an Olympic sport in 1988 (Hong, 2008). Ping pong grew rapidly in China and became the main game due to several reasons. The main reason as to the popularity of the game was due to its low cost making it affordable to many. There is no professional training that was required and this made everyone being able to participate (Memphis, 2010). The country also contributed much in the popularity with Chairman Mao’s promotion on the game. He loved and played the game and wanted to make sure that the game was recognized. The country also had gold medal rush that was in favor of the game hence the popularity. The country also had glory on the game making it more popular (Griffin, 2004). The game has been the official one to the Chinese since 1950s and has from then has given china a taste of national glory. In national Olympics, china has won twenty three out of the twenty seven medals making it feel like the game has been china’s. China as a nation has focused less on other games rather than ping pong marking it not become a marginal country (Griffin, 2004). The game in china has symbolized and also played a direct role in the fate of the nation. It did this by absorbing the game from the imperial power and then they made it their own. Mao Zedong declared the game, ping pong the national sport for China. In the championships, China won its first victory in 1959 after defeating japan in the final stage. Popularity of the game in China has grown since 1988 (Hong, 2008). In 2008 the China team won both the medals, gold, silver and bronze in both the men and women category singles and again won gold and silver in both doubles. The winning of the medals then became regular for the players. When they first competed they dominated the dominated the world championship. This success made the

Financial Statement summary of your analysis Essay

Financial Statement summary of your analysis - Essay Example These ratios reveal the bottom line of the company and the returns it offers to its investors (Kieso et al. 2011). Profitability ratios show the general efficiency and performance of the company. Net profit ratios increased from 9.48% in 2012 to 9.76% in 2013 indicating an increase in profitability. It decreased from 9.76% in 2013 to 9369% in 2014 indicating a reduction in performance of the company. Generally, the company’s performance and efficiency,  its operations have fluctuated throughout the period. Compared to the industry, Nike is less profitable because its ratios are lower than those of the competitors. This category of ratios shows how well a company is managing its liabilities. They also show how effectively a company is using its assets to generate revenues (Wahlen et al. 2010). The days sales outstanding decreased from 49days in 2012 to 44.9 days in 2012. This implies that Nike is profitable to convert its sales into cash quickly. In 2014, it increased to 45.1days from 44.9 days in 2013, implying a reduction in profitability due to slow conversion of sales into cash. Inventory turnover increased to 7.72 in 2013 from 7.24 in 2012 meaning it used fewer inventories to generate more revenue. In 2014, it used more inventories to generate less revenue since inventory turnover reduced from 7.27 in 2013 to 7.04. Total asset turnover decreased in 2013 to 1.44 from 1.50 in 2012 and increased to 1.49 in 2014 from 1.44 in 2013. Nike is more efficient in its operations than the industry average; it uses fewer assets and inventories to generate more revenues unlike other firms in the industry. It also collects its receivable more quickly than the competitors (Kapil, 2011). Debt ratios determine the long-term solvency of the company (Warren & Reeve, 2009).   The debt to equity ratio increased from 0.48 in 2012 to 0.58 in