The closing of the Muslim mind Essay Example | Topics and Well Written Essays - 1250 words

The closing of the Muslim mind - Essay Example Basically, the Muslims closed the doors to explore the world a millennium ago hence lagged behind Christian based countries in terms of scientific inquiries, technology advancement and economic development. The closing of the mind began to occur between the 9th and 10th centuries. This was a crucial era in the Islam world because the West countries introduced their cultures. The Muslim did not embrace this cultures hence the closure. The closure of the Muslim mind occurred in two ways. The first was to deny the people the capability of knowing anything new while the second was dismissing reality and unrecognizing it. For example, in the Sunni Islam, both concepts were employed in one Ash’arite theological school. Consequently, the gap between men’s reasoning capacity and reality widened which was the source of Sunni Islam’s woes. Reilly states the history of Islam can be understood in four main phases: the Islamic (7th -13th centuries), the Ottoman (1453-1918), t he nationalist (1918-1991) and post-nationalist (1991- to date as it is the current Islam flourishing (Reilly, 2010). The Ottoman and nationalist saw great success in expanding the Muslim world while Islamic and post-nationalist eras saw great conflict and decline. However, the Islamic era did achieve narrow success through schools such as Mu’tazilite who encouraged free will in the Muslim world. Those responsible Earlier in the year 750, the Mu’tazilite school established by advocators of free will, established solid grounds to reason and philosophy. There were interactions between the Muslim who attended Mu’tazilite and Christian theologians showing interest to join the two faiths. The Mu’tazilite had established successfully the developed school of Islamic theology. They insisted that the human mind was free to interpret revelation and choose which relevant religion to follow. This entailed the views of God, the universe and humanity’s place wit hin the world. They hugely concentrated on the human mind to use the voice of reason in developing an understanding between the universe and God. Their concepts were based on eliminating the processes of dehellenisation and intellectual ossification. Dehellenisation process involved the refusal to reason and ignoring facts while intellectual ossification involved traditional beliefs and behavior as opposed to modernity and technology use. However, the success was short lived when Ash’arite challenged the Mu’tazilite doctrine in court which led to their expulsion from court. Those found to be holding the Mu’tazilite doctrine were found to have committed a crime punishable by death. Through this, the Ash’arites had achieved their revenge on the Mu’tazilites for their previous poor treatment. The Mu’tazilites were removed from all government positions. The Ash’arites opposed views of God, the universe and humanity. By the end of the 10th century, booksellers and copyrights were prohibited from trading in literally works of theology, disputation and philosophy which were associated with the Mu’tazilites. As such, the processes of dehellenisation and intellectual ossification were restarted once more. Reilly states that in the 12th century, the anti-rationalist and conservative institutions were close to destroying the Mu’tazilite influence thus ending the most serious attempts of combining reason with Islam as a religion. As a result, the works of Mu’tazilite were destroyed by Ash’arites eventually leading to the closure of the Muslim mind.

Nursing Shortages Research Proposal Example | Topics and Well Written Essays - 750 words

Nursing Shortages - Research Proposal Example Some other studies have also shown that if patient: nurse ration is more then there is a poor performance of the staff as well due to a number of factors including work load the most important one. If one staff is attending more than one patient then along with more work which is going to be obviously more exhausting for the staff that will lead to decline in the quality performance it also adds to the spread of infection. Hospital is full of contagious organism and the nursing staff mainly is the vector for the transfer of them so, if one staff is attending three patients at a time the staff will be mixing the formal flora and even pathogenic flora lying with one patient with the other one which will be leading to hospital acquired infection that are more resistant to be treated and most of the times lead to fatal results so, this way patients will have a long hospital stay with increased morbidity and a high number of patients will die. I would be working on the project to find out scientifically if patient nurse ratio really has an impact And if it is then in which setting This issues is very important because nursing staff is the primary heal care professional this is in touch with the patient most of the time so if work is carried out at this area it will be very easy to be adjusted and the outcome will be very rewarding. In order to carry this research study out we can take patients hospital stay, in patient and out patient mortality in the first month after getting discharged, patient's satisfaction will be constant variable and we will be seeing the impact of nurse: patient ration on them while nurse: patient ration is going to be kept constant. We need a number of observations like there has to be standardization of a few parameters in order to avoid different types of biases like the experience and qualifying degree of this nursing staff should be the same. The study should be carried out at one health care center at a time the patient population should be exactly or almost nearly the same age, with same co-morbid status, and same ethnic or social group ideally so in short basically patient's and nurse' factors should be normalized. Hospitals should ideally be tertiary care with some part of the study at intensive care unit as well so that the impact of this ratio can also be studied depending on the seriousness of the primary illness. We need all these observations because health care system is very intricate and these entire factors influence each other directly or indirectly through different ways. This study needs to be a cohort study ideally though it is going to be a long time consuming stuffy but the results will be more promising. Data needs to be both on in-patient and out patient basis mainly on telephone or at consulting clinics on there follow up visits. As an in patient records will be the souse of our data and as an out patient the patents their self or the next kin will be the source of data for us. There should be a written record system that

Define the medical model of health and describe the differences when Essay

Define the medical model of health and describe the differences when compared to the social model of health - Essay Example This health model is based on a medical scientific paradigm that emphasizes a restoration of health to a state of general well-being and the key word is recovery (Lyng, 1990:100). On the other hand, the social model of health emphasizes the prevention measures that can be made on society as a whole that will promote overall well-being in a certain population by making some changes in the lifestyles of people. In other words, the social model of health looks at the social causes of diseases and examines how the breakdown in social systems can be contributory to the outbreak and spread of diseases (Earle, 2007:55). The large-scale health projects commonly adopted by governments to eradicate certain diseases embrace this social model of health by trying to change a whole citys or even an entire countrys population. This latest concept to sweep among public health policy makers compares societal breakdowns as the primary cause of diseases within society. A good example would be social and economic inequalities which contribute to the poor health of certain segments of society such as ethnic or minority groups which do not have access to proper medical care servic es. The medical model of health is concerned mainly with the health of an individual and this is more or less in terms of physical health. This model takes a narrower view of the health of the individual in terms of physiological or biological changes as determined by a diagnosis. On the other hand, the social model of health takes an encompassing view of the health of the entire society and is a multi-disciplinary endeavour ranging from surveillance and detection of diseases in a population (epidemiology) to the promotion of public health through a provision of relevant health advice and timely health information. As such, the social model of health acquires greater significance in terms of promotion of the economic well-being of a nation as well.

Sexual Harrrasment Policy Essay Example for Free

Sexual Harrrasment Policy Essay Abstract Sexual harassment is any behavior that is unwelcomed by an employee or affects the dignity or work performance of any employee at work. Sexual harassment can be unwelcome sexual advances, disparaging or insulting remarks, verbal or physical conduct of an improper nature. This paper is based on research of different company’s harassment policy by team members to access the basic components of sexual harassment policy and complain procedure and how effective it is according to the EEOC. Findings indicated that most of the company’s sexual harassment and complain policy is in according to the EEOC. The results were that one of the company’s policies was found to be rather vague and the other results were that the policy and complain procedure was clear and thorough. Finally, this paper will outline the basic elements on sexual harassment policies of different companies and what they contain. Sexual Harassment Policy 3 Sexual harassment is any behavior that is unwanted by an employee or affects the dignity or work performance of any employee at work. Sexual harassment is illegal and wrongful. Sexual harassment should be prohibited in the workplace. The Equal Employment Opportunity Commission (EEOC) defines sexual harassment as â€Å" unwelcomed sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature constitutes sexual harassment when submission to such conduct is made either explicitly or implicitly a term or condition of an individual’s employment, submission to or rejections of such conduct by an individual is used as the basis for employment decisions affecting such individual or such conduct has the purpose or effect of unreasonably interfering with an individual’s work performance or creating intimidating, hostile or offensive working environment. † If an individual performs any form of conduct that will interfere with an employee’s job performance or create a hostile environment should be illegal and unaccepted in the workplace. Employers should maintain a safe and healthy work environment for their employees. The company is to maintain a work environment free of all forms of harassment and insist all employees be treated with dignity, respect, and courtesy. There are a lot of sexual harassment policies that are located on the different websites, and on employee’s information board. The policy should be accessible to all employees to view at any time. If an employee cannot find their company’s sexual harassment policy, they can contact their HR Director for a copy of the policy. And your supervisor or your manager can, also, help you to locate your company’s sexual harassment policy. The sexual harassment policy for most of the companies that were researched met the basic components as listed by the EEOC. In the state of California, they are very strict when it comes Sexual Harassment Policy 4 to sexual harassment and you could be fired and could have charges brought up on you. One of the companies’s maintained a zero tolerance policy for both sexual harassment and for retaliation. And the company prohibits retaliation against anyone for reporting discriminating activity, registering a complaint pursuant to the policy, assisting in making discrimination complaint or cooperating in an investigation. Another company protects the rights and confidentiality of the employee that has filed harassment claims and is resolved in a timely manner. This company also has complaint procedures to resolve complaints at the lowest levels and when they are advised of complain the company deems resolution and follows the appropriate steps and action to resolve complaint. Employers are legally obligated to take steps to prevent discrimination and harassment and to investigate and act quickly if a complaint is made (England, 2012). But, one company’s policy wasn’t very detailed, it only detailed that sexual harassment will not be tolerated against employees. And the company’s policy did not contain the steps that one need to file a complaint, the company did not give a clear definition and didn’t guarantee the confidentiality of the victim. It is the managers and supervisors responsibility to adhere to, implement and enforce the policies that their company have in place to prevent harassment in the workplace. In one of the company’s policy it stated that the managers and supervisors have as one of their responsibilities is to promote a harassment-free environment. So, at this company their policy is being enforced. Sexual harassment policy should be communicated in the workplace at least once a year through proper training. And during these training sessions, you should train employees on what sexual harassment is and what rights they have as employees. And promote to them that they have a right to a safe, healthy workplace free of sexual harassment. And companies should make Sexual Harassment Policy 5 sure that this policy is explained by HR upon being hired. As an HR professional, these policies should be displayed in a visual area where employees may view. HR can have team meetings with the managers reinforcing the importance of these policies that they need to implement at their workplace and review the company’s complaint procedure and encourage employees to use it. Sexual harassment is any behavior that is unwanted by an employee or affects the dignity or work performance of nay employee should not be prohibited in the workplace. Sexual Harassment Policy 6 References: Brady, B. (206) Practical Human Resources Tips, News Advice. HR Daily Advisor England, Deboah C. (2012) Preventing Employment Discrimination and Sexual Harassment. Johnson, David R (2013). An Employees Guide to Preventing Sexual Harassment Claims. Pg. 3 www. eeoc. gov/policy Sexual Harassment Policy 1 Sexual Harassment Policy 2 Abstract Sexual harassment is any behavior that is unwelcomed by an employee or affects the dignity or work performance of any employee at work. Sexual harassment can be unwelcome sexual advances, disparaging or insulting remarks, verbal or physical conduct of an improper nature. This paper is based on research of different company’s harassment policy by team members to access the basic components of sexual harassment policy and complain procedure and how effective it is according to the EEOC. Findings indicated that most of the company’s sexual harassment and complain policy is in according to the EEOC. The results were that one of the company’s policies was found to be rather vague and the other results were that the policy and complain procedure was clear and thorough. Finally, this paper will outline the basic elements on sexual harassment policies of different companies and what they contain. Sexual Harassment Policy 3 Sexual harassment is any behavior that is unwanted by an employee or affects the dignity or work performance of any employee at work. Sexual harassment is illegal and wrongful. Sexual harassment should be prohibited in the workplace. The Equal Employment Opportunity Commission (EEOC) defines sexual harassment as â€Å" unwelcomed sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature constitutes sexual harassment when submission to such conduct is made either explicitly or implicitly a term or condition of an individual’s employment, submission to or rejections of such conduct by an individual is used as the basis for employment decisions affecting such individual or such conduct has the purpose or effect of unreasonably interfering with an individual’s work performance or creating intimidating, hostile or offensive working environment. † If an individual performs any form of conduct that will interfere with an employee’s job performance or create a hostile environment should be illegal and unaccepted in the workplace. Employers should maintain a safe and healthy work environment for their employees. The company is to maintain a work environment free of all forms of harassment and insist all employees be treated with dignity, respect, and courtesy. There are a lot of sexual harassment policies that are located on the different websites, and on employee’s information board. The policy should be accessible to all employees to view at any time. If an employee cannot find their company’s sexual harassment policy, they can contact their HR Director for a copy of the policy. And your supervisor or your manager can, also, help you to locate your company’s sexual harassment policy. The sexual harassment policy for most of the companies that were researched met the basic components as listed by the EEOC. In the state of California, they are very strict when it comes Sexual Harassment Policy 4 to sexual harassment and you could be fired and could have charges brought up on you. One of the companies’s maintained a zero tolerance policy for both sexual harassment and for retaliation. And the company prohibits retaliation against anyone for reporting discriminating activity, registering a complaint pursuant to the policy, assisting in making discrimination complaint or cooperating in an investigation. Another company protects the rights and confidentiality of the employee that has filed harassment claims and is resolved in a timely manner. This company also has complaint procedures to resolve complaints at the lowest levels and when they are advised of complain the company deems resolution and follows the appropriate steps and action to resolve complaint. Employers are legally obligated to take steps to prevent discrimination and harassment and to investigate and act quickly if a complaint is made (England, 2012). But, one company’s policy wasn’t very detailed, it only detailed that sexual harassment will not be tolerated against employees. And the company’s policy did not contain the steps that one need to file a complaint, the company did not give a clear definition and didn’t guarantee the confidentiality of the victim. It is the managers and supervisors responsibility to adhere to, implement and enforce the policies that their company have in place to prevent harassment in the workplace. In one of the company’s policy it stated that the managers and supervisors have as one of their responsibilities is to promote a harassment-free environment. So, at this company their policy is being enforced. Sexual harassment policy should be communicated in the workplace at least once a year through proper training. And during these training sessions, you should train employees on what sexual harassment is and what rights they have as employees. And promote to them that they have a right to a safe, healthy workplace free of sexual harassment. And companies should make Sexual Harassment Policy 5 sure that this policy is explained by HR upon being hired. As an HR professional, these policies should be displayed in a visual area where employees may view. HR can have team meetings with the managers reinforcing the importance of these policies that they need to implement at their workplace and review the company’s complaint procedure and encourage employees to use it. Sexual harassment is any behavior that is unwanted by an employee or affects the dignity or work performance of nay employee should not be prohibited in the workplace. Sexual Harassment Policy 6 References:

Discuss the themes addressed in Over the Wall and the devices used :: English Literature

Discuss the themes addressed in Over the Wall and the devices used to express and examine these themes The play ‘Over the Wall’ is very interesting and unique, in that instead of having names for each part, the parts are numbered from 1-9. This removes all pre-conceptions you may have had of the characters. The characters keep changing to different numbers throughout the play; this is to highlight the different types of people in society. Any number can play and the narration may be shared out. The play tells the story of an island community living on an island with a wall running straight down the middle of it. These people like to keep themselves to themselves and continue with life the way it always has been led. They have totally no interest in the wall and all of the questions that go with it. Except for the one! He is the one asking all of the questions and searching for the answers. This quest is not shared at all within the island community and everyone chooses to ignore this ‘nut’. They are all happy to carry on with their daily routines in their pointless lives and see him as an outsider. At the beginning of the play it sounds almost like a fairy tale, â€Å"there was once an island†. It then twists this idea by saying, ‘if you believe it’. However it quickly shows us the real point and meaning of the play. The narrator comments on many different social members in this play and in the first narrator speech he makes a disparaging remark towards the unemployed, â€Å"everyone had a day’s work (which in those times was considered a blessing)†. He also comments on people’s attitudes in general towards the young and the elderly, â€Å"the old were looked after, as long as they didn’t outstay their welcome.† The young also were â€Å"respected as individuals – within reason.† This is so true in modern day societies. The young are not respected because they are seen as immature and the elderly because they are boring and frustratingly slow. The narrator’s first speech ends with â€Å"for, while they were not exactly happy they were not exactly unhappy either.† I think this highlights the fact that people in society are happy with their daily life being very mediocre. We put up with this because we are afraid of change. We sit on the same seat on the bus every day; we have the same routine when we get back from work. There are so many examples of these day to day rituals because we are unimaginative. The characters in the play are stereotyped defined by their language. Discuss the themes addressed in Over the Wall and the devices used :: English Literature Discuss the themes addressed in Over the Wall and the devices used to express and examine these themes The play ‘Over the Wall’ is very interesting and unique, in that instead of having names for each part, the parts are numbered from 1-9. This removes all pre-conceptions you may have had of the characters. The characters keep changing to different numbers throughout the play; this is to highlight the different types of people in society. Any number can play and the narration may be shared out. The play tells the story of an island community living on an island with a wall running straight down the middle of it. These people like to keep themselves to themselves and continue with life the way it always has been led. They have totally no interest in the wall and all of the questions that go with it. Except for the one! He is the one asking all of the questions and searching for the answers. This quest is not shared at all within the island community and everyone chooses to ignore this ‘nut’. They are all happy to carry on with their daily routines in their pointless lives and see him as an outsider. At the beginning of the play it sounds almost like a fairy tale, â€Å"there was once an island†. It then twists this idea by saying, ‘if you believe it’. However it quickly shows us the real point and meaning of the play. The narrator comments on many different social members in this play and in the first narrator speech he makes a disparaging remark towards the unemployed, â€Å"everyone had a day’s work (which in those times was considered a blessing)†. He also comments on people’s attitudes in general towards the young and the elderly, â€Å"the old were looked after, as long as they didn’t outstay their welcome.† The young also were â€Å"respected as individuals – within reason.† This is so true in modern day societies. The young are not respected because they are seen as immature and the elderly because they are boring and frustratingly slow. The narrator’s first speech ends with â€Å"for, while they were not exactly happy they were not exactly unhappy either.† I think this highlights the fact that people in society are happy with their daily life being very mediocre. We put up with this because we are afraid of change. We sit on the same seat on the bus every day; we have the same routine when we get back from work. There are so many examples of these day to day rituals because we are unimaginative. The characters in the play are stereotyped defined by their language.

Examining Musculoskeletal Injuries Health And Social Care Essay

Fractures or ligament hurts frequently require immobilisation for effectual healing. Subsequently, uninjured tissues for case ; sinews and joint capsules ( i.e. connective tissue ) undergo unfavorable alterations as a consequence of the forced deficiency of motion ( Loitz et al 1988 ) . As stated by ( Houglum 2005 ) â€Å" Mobility of the musculoskeletal system is determined by the composing of connective tissue and the orientation of assorted soft tissue constructions † . Connective tissue refers to clamber, facia, sinews, ligaments, joint capsules and musculus facia. Connective tissue can be farther discussed under ; intramuscular connective tissue and periarticular connective tissue. During the procedure of reorganization connective tissue has the inclination to shorten and go thick and fibrotic ( Houglum 2005 ) . ( Walsh et al 1989 ) found that connective tissue, ligaments specifically are influenced biomechanically, biochemically and morphologically by immobilisation. ( Noyes et al 1974 ) indicated that these influences on connective tissue are altered by 4 mechanisms: ( I ) changes in the synthesis and debasement equilibrium of collagen ( two ) alterations in collagen cross links ( three ) fluctuations in H2O and electrolyte content of connective tissue and ( four ) alterations in the alliance, figure and thickness of collagen fibers. Periarticular connective tissue: Composition of two constituents ; cells and extracellular matrix. Matrix is made up of collagen, elastin, reticulin and land substance. ( Donatelli & A ; Owens – Burkhart 1981 ) stated alterations to the construction of connective tissue are straight related to joint stiffness therefore ensuing in restricted motion. He besides noted the importance of collagen within connective tissue, making greater tensile strength and stabilisation through increased fiber binding. The mechanical strength of collagen is due to hydroxylation of lysine to hydroxylysine which histories for the increased fiber binding ( i.e. the cross – links of next collagen fibers ) . As these fibers mature the intra and intermolecular bonds ( cross – links ) rise in figure therefore supplying greater strength to the fibers. Within land substance glycoaminoglycans ( GAG ) binds with H2O making a semi fluid syrupy gel within which the collagen and fibrocytes are emb edded. The lubricator maintains a distance between the fibers, thereby allowing free glide of the fibers past each other and forestalling inordinate cross – linking ( Donatelli & A ; Owens – Burkhart 1981 ) . Land substance in connective tissue comes manus in manus with collagen with regard functional ability. ( Minns et al 1973 ) tested the importance of land substance in CT, through the usage of chelating agents and enzymes, what they found was a important lessening in stiffness, strength and other clip dependent belongingss in its absence. With immobilisation the production and lysis of collagen additions, it is besides believed that the loss of extensibility is non due to the volume of collagen deposited but from the country it is deposited it from ( Lederman ) . Furthermore a loss of GAG and H2O in the land substance consequences in fading of the extracellular matrix this cause ‘s less separation and more cross – nexus formation between collagen fiber s ( Woo et al 1981 ) . Post hurt, freshly formed fibrin and collagen fibers organize in a disorganised manner when immobilized. This reduces the entire tenseness strength of the tissue. Collagen fibres when aligned along the lines of mechanical emphasis produce their greatest strength. The importance of collagen alliance is apparent in the survey undertaken by ( Noyes et al 1974 ) ; he found a 39 per cent lessening in maximal failure of the anterior cruciate ligament in archpriest ‘s station 8 hebdomads immobilisation. Intramuscular connective tissue: Normally composes of epimysium, perimysium and endomysium. These connective tissues play a large function towards the snap of skeletal musculus as the non – contractile constituent. The extra binding of connective tissue to muscle cells preserves its dependability during contraction while guaranting close contact between the blood capillaries and nervousnesss within the skeletal musculus ( Jarvinen 2002 ) . Jozsa and co-workers found with immobilisation the degrees of endomysium and perimysium within the intramuscular connective tissue increased ensuing in separation of single musculus fibers, along with reduced degrees of blood capillaries and transverse sectional country of musculus fibers ( Jozsa et al 1988 ) . These connective tissues bind to muscle cells and conserves its unity during contraction and embracings blood capillaries and nervousnesss within the skeletal musculus to maintain them close attachment with each other. The accretion of endomysial and perimysial connective tissue may lend to the damage of intramuscular blood circulation, and the lessening in Numberss of capillaries may, in bend, lead to an addition in the sum of connective tissue, get downing a barbarous circle. These pronounced changes in the distribution, administration and architecture of the intramuscular collagen may eventually take to macroscopic loss of musculus extensibility and other tensile belongingss ( Jarvinen 1976, 1977 ) . Joint Immobilization: One of the chief utilizations of manual therapy is to bring forth elongation of the CT constructions that are abnormally keeping arthrokinematic gesture, through physiologic motions or accoutrement motions ( Maitland 2005 ) . Accessary motions ( joint drama and constituent of gesture ) are a type of inactive exercisings designed to re-establish joint drama through arthrokinematic gesture of ; axial rotation, slide, spin compaction and distraction. It ‘s highlighted that â€Å" joint drama † is indispensable for the return of normal joint map ( Mennell, 1964 ) . The strength of the mobilisation techniques with rhythmic oscillatory motions normally is categorized harmonizing to the 5-grade categorization system of Maitland ( Vermeulen et al 2006 ) . In conformity with the 5 – class system grade I and II performed toward the induction of accessible arthokinematic ROM intend to chiefly cut down degrees of hurting exposing analgetic effects, but non to stretch CT. ( 11 7 Kisner 25, 34 ) . While classs III and IV are chiefly employed as stretching tactics at terminal of available arthrokinematic ROM. Intending to stretch CT ( Threlkeld 1992 ) . Connective tissues have viscoelastic belongingss whereby distortion of its fibers consequences from a burden at changing rates, the elastic belongingss produce station mobilization kick with no alteration in length and the plastic belongingss result in lasting elongation ( Basmajian & A ; Nyberg 1993 ) , expressed through the emphasis – strain curve as seen in figure 1. ( Threlkeld 1992 ) found it was through fictile distortion that the resting length of CT changed. However, this is merely possible due to microfailure of separate collagen fibres i.e. CT harm must happen through breakage of links linking bordering connective tissue packages so these broken fibers will non factor in the kick of the tissue therefore making a new length of the CT. Mobilization techniques that stretch collagen construction s into their fictile scope of distortion addition ‘s the tissue ‘s mobility ( Maitland 1991 ) . Owing to the amplitudes of classs III and IV within the restricting ROM sufficient mechanical alteration is at manus to work the viscoelasticity belongingss of CT to incite lasting elongation, diagrammatically seen in Figure 2. ( Randell et al 1992 ) investigated grip and semivowel techniques on the joint stiffness of 18 topics post 2 hebdomads immobilisation of metacarpal breaks. This intervention resulted in a ample addition in active ROM and lessening in joint stiffness compared to the control group supplying grounds of the effectivity of joint mobilisation in changing mechanics of an immobilized articulation. A 2nd survey undertaken by ( Landrum et al 2008 ) used a grade III oscillation motion in the betterment of ankle dorsiflexion in an AP way, which resulted in a ample recovery in ROM. Inactive Stretching: ( Kisner & A ; Colby 2005 ) attest that non-contractile soft tissues are known to give more readily to a low strength, continuously applied stretch force, as used in inactive stretch. Low strength stretching consequences in optimum rates of betterment in ROM without exposing tissues, perchance weakened by immobilisation, to inordinate tonss of potentially hurt. Inactive stretching is performed by puting musculuss at their greatest possible length and keeping that place for a period of clip ( Anderson & A ; Burke 1991 ) . Inactive stretching is applied to re-establish tissue snap and decrease the strain in the muscle-tendon unit with joint gesture. There are two physical belongingss associated with musculus tissue that have an influence on the musculus sinew unit, they are creep and stress relaxation. ( figure 3. ) , ( Cross & A ; Worrell 1999 ) During weirdo, the sustained prolongation of the tissue under uninterrupted burden means that reorientation of collagen fibers ‘ and re distribution of H2O due to increasing overall strain in CT can originate, determined by the strain energy exposed to CT ( Purslow et al 1997 ) . This is typically low magnitudes within the elastic scope. Stress relaxation operates while the musculus – sinew unit is put under stretch at a kept up length, following weirdo, a lessening in force to keep the length and decrease in tissue tenseness is observed. Harmonizing to ( Kisner & A ; Colby 2007 ) the recovery versus lasting elongation depends on the force and clip of the distortion ( plastic ) phase in the emphasis – strain curve. Study undertaken by ( Talyor et al 1990 ) found through insistent stretching of musculus – tendon units of the extensor digitorum longus in coneies to a uninterrupted length well lowered peak inactive tenseness. He advances this farther, proposing that stretching reduced the â€Å" viscousness and/or stiffness of musculus sinews units † , holding a considerable affect in increasing of articulation ROM. In relation to hysteresis, it is believed to be a strong arrow of viscousness nowadays in tissue therefore ; low degrees of hysteresis station inactive stretching can bespeak a diminution in viscousness. ( Kubo et al 2001 ) besides provided grounds that inactive stretching for 10 proceedingss significantly decreased the stiffness and hysteresis of tendon constructions in median gastrocnemius musculus. Compare and Contrast of Techniques: Both therapies have associated outcome steps yet their application, effects, and force applied to connective tissue varies when bring oning these favorable result steps. With regard the application of joint mobilisations, surveies differ somewhat with regard to the length of clip the oscillatory motions are applied, ( Randall et al 1992 ) intervention dosage comprised of two sets of 20 oscillations, at a rate of 1 oscillation per sec with a interruption of 30 seconds between each set. Relation to inactive stretching ( Bandy et al 1997 ) stated for effectual additions in flexibleness determined by increased articulatio genus extension ROM one must execute inactive stretches for 30 or 60 seconds one or three times per twenty-four hours for 5 yearss per hebdomad. High buoy uping the fact that joint mobilisation seem to be more practical and less clip devouring than its opposite number. Decision: In decision there is still no consensus sing which therapy is the most successful for handling alterations to connective tissue and decreased ROM of articulations post immobilisation. Nevertheless through the literature research grounds has shown that low and high class articulation mobilizations in isolation and in concurrence with other interventions i.e. inactive stretching are efficient in cut downing hurting in patients and increasing joint scope of gesture with joint immobilisation. Role of Radiographer:

Turkey’s Retailing Sector Analysis

RETAILING INDUSTRY in terms of Food- Non Food * Sectorial Overview; Retailing is the business activity that involves selling products/services to customers for their non-commercial, individual or family use. Normally, retailing is the final stage of the distribution process. The middle and long term potential of Turkey retail industry continue remaining attractive. Companies in sector support the sectorial expansion with their expansion strategies, negative business administration fund and powerful cash creating capabilities.The defensive structure of sector and low penetration strengthen this situation. With the increase in consumer demand, rapid urbanization, increase in large scale retail investments the number of shopping malls in Turkey increased by more than 20% in the last two years. In the same period, the total surface rent area in Turkey increased by more than 30% and reached As it can be seen on the graph below; the total size of the retail sector (organized and unorganize d) in Turkey is expected to reach $355 billion in 2013 and grow with 10% until 2016. (See Figure 1 in Appendix)Organized retail, a highly promising segment due to increasing per capita consumer spending and relatively weaker presence up to now in comparison with developed markets, is estimated to be 40% of the total retail industry in Turkey. (See Figure 2 and Figure 3 in Appendix) * The share of organized retail continue increasing; The share of organized retail which has the level of %25 in the total retail market in 2000 exceeds the levels of %50 according to the 2013 predictions. Turkey organized retail market achieve an impressive growth in last 10 years.It is anticipated that the share of organized retailers increase from the level %47 to the level %60 in upcoming 5 years. It is anticipated that the share of organized retail increases to the level of %60 till 2015. While the food retail segment constitute more than half of total retail market, traditional structure such as loc al markets and groceries still dominates the market. It is expected that approximate number of 10. 000 organized retail store will be twofold in 5-6 years. Besides, it is predicted that the number of groceries will be regress from 150. 00 to 100. 000 at the same period. Turkey, with its 105 milliard dollars sales figure, is located in 6th line in Europe retail sector. Nevertheless, while the total share of 5 biggest players in Europe is approximately %50, it is %20 in Turkey. Organized Retail Sector is the fastest expanding canal discount merchandising. It is expected that the number of approximately 6. 000 discount stores in Turkey will be twofold in upcoming 4 or 5 years. With the support of increase in the income per capita, %12 growth is anticipated in retail sector between 2009 and 2015.The discount store chain in Turkey (such as A101, SOK, BIM, DIASA) have a very fast growth schedules. BIM is placed in the first row in discount merchandising with its large store quantity. The company is planning to open 300 or 350 new stores every year. The fast increase in store quantities supports scale economy and companies are able to pull down their sale prices thanks to the decline in costs. With the effect of increasing competition in sector, it is expected that the growth accelerate with purchasing in forthcoming years. Despite the high competition, the retail sector is enlarging expeditiously; 6 major organized food retailing brand constitute %37 of total market in spite of divided structure. It is expected that it will be inorganic growth, merchandising and reunions, thus the companies will achieve more competitive charges by increasing their purchasing power in 2013 and later on with the intensity of competition. 2 Major Retailing Companies in the Sector; MIGROS vs BIM BIM and MIGROS which are the prominent players of Turkey food retail sector, are analyzed in this assignment in terms of their financial analysis.In retailing sector, these 2 companies have a gr eat effect and they are known as most powerful competitors with their shares all over the industry. Migros has 6% and BIM has 9% industry shares. (See Figure 4 in the Appendix) 1) BIM BIM (Birlesik Magazalar A. S. ) adopts as a principle the supply of the highest quality basic foodstuff to consumers, at the best possible prices. BIM began its operations in 1995 with 21 stores and in line with this principle. BIM’s product portfolio comprises around 600 products. 44. 12% of BIM shares started to be traded in Istanbul Stock Exchange in 15 July 2005.BIM is the first representative of high level discount model in Turkey and the company got in stock market return for its rapid growth. While BIM finishes its 7th year in stock market, it became the 12th company that has highest market value of Turkey. * Board of Directors Mustafa Latif TopbasChairman of the Executive Committee Ekrem PakdemirliVice Chairman of the Board Mahmud MeraliBoard member and has chaired the Audit Committee Jo s SimonsBoard member and consultant. Omer Hulusi TopbasBoard member. Yalc? n OnerBoard member. Dr. Zeki Ziya SozenBoard member. Turnover doubled to six; The rapid growth of the company had an effect on the rise of BIM , whose capital’s 17,43 per cent belongs to Mustafa Latif Topbas, in stock market. (See Table 1; Structure of BIM’s Shareholders) BIM ‘s sales revenues were 1. 4 billion TL . In the end of 2011, this revenues reached to 8. 2 billion TL. Also, the personnel number of the company increased approximately 3 times in 7 years. In the end of 2010, BIM became the endorsement leader with 6. 5 billion TL in the retailing sector of Turkey and it maintained this position in 2011.As abroad, while the company increases the number of stores in Morocco, aims Egypt for the next year. This year, BIM also started to operate in mobile communication industry with the name of BIMCELL. * Growth Strategy; Aggressive Growth among the competitor companies that strength After 11% increase in number of stores in 2011, with the number of 3. 584 stores in 2012, BIM is the retailer that has the largest store network in Turkey. (See Figure 5; Number of Stores ) BIM plans to open 400 new stores in 2013 and reach 5. 500 stores in 2015.With the store numbers increases there also has been 14% increase in number of employees in the company in 2011. BIM has been expanding their business, operations in every part. (See Figure 6; Number of Employees) These increases in operation side lead to an increase in number of average daily customers with 14% in 2011. (See Figure 7; Average number of Daily Customers) Of course with these changes, company carried out a 25 percent net sales increase over the industry average in 2011 and 2012. (See Figure 8; Sales and Gross Profit Margin) It is estimated that a sales increase over 20 per cent in 2013.Depending on this net sales growth, Company’s net profit has been increased by 22% over the last three years. Due to the inc rease in net sales; margin values regarding net profit, gross profit, EBIT, EBITDA have been decreased over 3 years. (See Figure 9; Net Profit and Net Profit Margin) With the effect of net sales increase, EBIT has been increased to 347,5 in 2011 ( See Figure 10; EBIT and EBIT margin) These was a 19%increase in company’s EBITDA and this means that there is an increase in amortization so we can say that company increased their asset purchases as we can see on the related figure. See Figure 11; EBITDA and EBITDA margin) * 18 times has been increased in 7 years; BIM began to be traded with 672. 9 million TL of market value in July, 2005. The value of the company increased approximately 18 times in 7 years based on TL. The increase in BIM stocks since the first trading day was 1. 861 per cent. As a result of its rapid growth, BIM’s market value is the over of the Erdemir, Arcelik, Ford Otosan, Finansbank and Vak? fbank in addition to Tupras that is the Turkey's largest indu strial enterprise and refinery giant.Also, BIM has paid its shareholders a total dividend of 700 million TL in the period of 7 years in the stock market. (See Figure 12; BIM Dividend Payment over the last 5 years). As the company’s profit increased dividend payments are increased also. There has been a positive relationship between them. This is a very good indicator for the company’s investors who already invested in BIM’s shares and who are planning to invest. Also as a result of the increase in BIM’s stock prices and stock revenues; value of the company also increased. So, this situation put the company's principal shareholder, Mustafa Latif Topbas, to the Forbes list. On the other hand, for each stock BIM has really high returns and it brings some important risks also for the investors. (See Figure 13; IMKB 100 vs. BIM Stocks) When we compare the situation of BIM’s stocks in Imkb 100 with stocks of MIGROS, BIM has a higher return, profit for th e investors and because the returns and prices of BIM higher than IMKB 100 and because there is a really important difference between the line according to Figure, BIM’s stocks are also operated and valued in IMKB 30. Why is it rising? * The rapid growth in the number of stores and endorsement. * The high capacity of dividend payment.. * Increasing profitability of the company every year. * To expand abroad with Morocco. * To bring new revenues with BIMCELL. *3/4 of the shares in stock market is belonged to foreigners. * Growth Targets in Egypt after Morocco: BIM will open stores in Egypt by 2013. The company estimates that the growth in Egypt will be faster compared to the growth in Morocco. Recently, BIM operates in Morocco with 103 stores.And the company plans to open 50 new stores in Egypt every year after 2013. 2)MIGROS Originally established in Turkey in 1954 as a collaboration of the Swiss-based Migros Cooperatives Society and the Istanbul municipality, Migros’s primary mission was to supply economically priced groceries and household supplies to consumers in Istanbul under wholesome conditions. In 1975 the Koc Group acquired a majority stake in the company, following which there was a steady increase in both number of its stores and its brand value for more than a decade.In 1991, Migros became the first publicly traded company in retail. Following a Koc Group strategic decision to pull out of grocery retailing, in February 2008 Koc Holding signed an agreement to sell its 50. 83% stake in Migros to Moonlight Perakendecilik. Transfer of the shares took place on May 30th of the same year. On 30 April 2009, Moonlight Perakendecilik (now known as Migros Ticaret A. S. ) and Migros Turk T. A. S. were merged into a single company which has since been operating under the name â€Å"Migros Ticaret † and whose principal shareholder is MH Perakendecilik ve Ticaret A. S.In 2005 Migros further bolstered its leadership of Turkey’s food ret ailing sector with its acquisition of Tansas, another national chain As of end-2011 Migros was operating through a total of 745 national and international locations. With a national presence in all seven of Turkey’s geographical regions taking the form of 262 â€Å"M†, 190 â€Å"MM†, 59 â€Å"MMM†, and 16 â€Å"5M† Migros-branded stores and of 177 â€Å"Tansas† and 13 â€Å"Macrocenter† stores, its international footprint consisted of 23 Ramstores in Kazakhstan and another 5 in Macedonia. ( See Figure 14,15 ; Breakdown of Net Sales Area by Store Brands of MH Group) Distribution of Dividend According to latest data from the company’s official web-site, at the company’s Annual General Meeting held on May 20, 2010, it was decided to distribute a gross cash dividend of TL 195,833,000 to the shares representing TL 178,030,000 capital and the dividend disbursement is to start on May 28, 2010. On July 30th, 2009, it was decided to distribute the dividend of the free reserves after setting aside the reserves required by law to the share certificates representing the capital of TRY 178,030,000 and to use TRY 2,492,420,000 from this source for the distribution of gross cash dividends. See Table 2; Structure of Migros’s Shareholders) * Growth Strategy: The company increased its total store number to 745 in 2011. (See Table 3) and 2012, they increased the stores to 874 by opening 142 new stores. The company is planning to open 100 new stores in 2013. It is expected that the company will maintain rapid growth and increasing operation profitability in 2013 by focusing on its main operations. In addition to this, in 2013, it is estimated that the company will have 13% sales growth in year basis and 6. 4% EBITDA margin. * The positive effect of selling of â€Å"SOK† on Profitability.After selling SOK Discount Stores, thanks to high margins of supermarket segment and improvements in operational manage ment and supply chain, Migros’s EBITDA margin increased in 2011. It increased from 5. 7% in 2011 to 6. 5% in 2011. While Migros leave the channel of low margin discount retailing that is in intense competition, it will increase its penetration in supermarket segment that it is the leader in. In the medium term, 6. 0%- 6. 5% is the sustainable margin level. It is expected that sale, partnership and the reunion debates of Migros and CarrefourSa in 2013 will close the sale after getting purchased the food by Makro. BC Partners’ expectation of selling the share of Migros, BC Partners (MH Retailing) which is %80,5 shareholder of Migros is a private equity company centered in London. In spite of the fact that it is expected that BC Partners will sell their quantum of Migros in between 2013-2014, there is no explanation about the time period. It is thought that, despite the aggressive growth strategies of Migros continue, the quantum sale in 2013 is highly possible. In the ca se of selling deal, it is possible to be made a call for minor shareholders. * Company’s Stock Returns in IMKB 100When we compare the Migros Stock Returns we can say that, the prices of each stocks are less than BIM’s stocks and their returns are above the IMKB 100 line. This situation makes company’s stocks profitable but at the same time it may mean a high risk for the investors ( See Figure 17; IMKB 100 vs. MIGROS Stocks) Analysis of Financial Ratios of BIM & MIGROS (See Tables 4,5,6) 1) Liquidity Ratios Current Ratio: This ratio is commonly used as an index for current financial position and used for measuring company’s ability to pay short-term debts and determining the company’s net working capital if it is enough or not.Generally it is expected to be 2,00. The ratio of 1 is also acceptable. When we look at both companies both of them may have some difficulties to pay their short-term liabilities. For the firms which has a high level of inven tory turnover ratio and receivable turnover ratio like Bim, they are able to pay their short-term debts easily. Quick Ratio: It is a more sensitive ratios than current ratio. It shows us the ability of firms to pay their short-term liabilities when they have no sales growth, when their sales stops. It is expected to be 1. The ratios of both firms are less than deal number so receivable accounts and cash cover short term liabilities and their abilities to pay are not good but at least both firms’ ratios are higher than industry ratio and this brings these 2 companies in a better position in terms of short-term debts. Cash Ratio: It is most sensitive liquidity ratio. Generally, this ratio is not expected to be under 0. 20. As both firms cash ratios are higher than industry ratio, it won’t difficulties for paying their debts in the condition of lack of sales and getting their receivables. Additionally, company is holding more cash than needed.Net Working Capital: If the v alue of networking capital is minus, this means company’s current liabilities are more than current assets. This is the main reason for the company which finance its current assets with current liabilities. This is the case for BIM. We can say that company might have done current assest investments. We can say that BIM has some problems in terms of liquidity. Migros has positive networking capital and it has no liquidity problem. 2) Leverage Ratios Total Debt Ratio: This ratio is expected to be under 50%. With 0. 64, 0. 63 and 0. 64 ratios according to three years, BIM has higher values than this ideal ratio.When we look at industry ratio, it is 2,00. This ratio tells us, foreign resources are used for financing assets by the rate of 0. 64. It shows that BIM can pay its debts by selling assets when the operation stopped. This is the same for Migros expect the year 2010. It has a very high ratio, even higher than the industry level which is 2,41. Debt to Equity Ratio: This rat io can be equal to 1 or higher than 1. If it is higher than 1, it means difficulties in paying debts and interests or if it is lower than 1, it means company finance their assets by using its equities. The industry ratio is 1. 3. By looking Migros’s DTE ratios, they mostly finance their assets by using their equities instead of using foreign resources and they will have no difficulties while paying their debts, liabilities in the future. But when we compare it with the industry which is almost 1, Migros will have less advantage in any crisis condition. In this case, Bim has a more advantageous position than Migros because its ratios are closer to industry ratio and ideal ratio. Long Term Debt: It is a normal ratio 0. 12 – 0. 16 in Turkey. The industry ratio is 1. 03. Migros’s ratios are 0. 47, 0. 44, 0. 49 orderly.Bim’s ratios are 0. 01, 0. 01, 0. 01 orderly. If this ratio is high, this increases interest burden, decreases dividends and as a result, it ca uses not to cover debt burden. Migros prefers long-term foreign resources rather than using their equities. Long Term Debt to Equity: Ideal ratio is 1. Migros’s ratios are 0. 64, 1. 85, 2. 26. Bim’s ratios are 0. 04, 0. 03, 0. 03 orderly. The industry ratio is 0. 84. For Bim with these ratios that are less than 1, it means that Bim’s equity is more than long term debts. It is valid for these three years. Times Interest Earned: This ratio should be more than 8.Higher value of times interest earned ratio is favorable meaning greater ability of a business to repay its interest and debt. Lower values are unfavorable. That means if a company cannot repay its interest and debt it may become in a difficult situation even it may go bankrupt. In general, times interest earned of 1. 5 or below is unsafe. 3) Efficiency Ratios Receivable Turnover: If a company has a low receivable turnover it means, that company has some important difficulties to collect their receivables a nd the collection policy of that company is not so good and this means that they are unnecessarily relax about sales on credit.When we compare Bim and Migros, Bim is a better position for collecting its receivables in a quicker way. Its ratios are even less than industry ratio. When we compare Bim with Migros, Bim really has a strong ability to get their sales and receivables and their portfolios include low-risk and trustful customers Average Collection Period: It can also be evaluated by comparison with the terms on which the firm sells its goods. For Bim, with the high value of this ratio, it may not have the ability to finance its own debts because of long-term collection.Migros has a shorter average collection period Inventory Turnover: It is the most important ratio in retailing sector and it measures company's efficiency in turning its inventory into sales. Its purpose is to measure the liquidity of the inventory. Migros has ratios 7. 43, 8. 52, 8. 47 orderly and Bim has rati os 16. 98, 19. 56, 20. 23. Industry average is 10. 61. Migros’s ratios are less than Bim’s and industry’s ratios so this is a signal signal of inefficiency, since inventory usually has a rate of return of zero. It also implies either poor sales or excess inventory.For Migros low turnover rate can indicate poor liquidity, possible overstocking, and obsolescence, but it may also reflect a planned inventory build up in the case of material shortages or in anticipation of rapidly rising prices. Bim has highest inventory turnover ratios over Migros and industry. It means that Bim is really strong in terms of sales and at the same time very effective to control its inventories. Its higher inventory turnover ratio also means better liquidity. Also its efficiency in managing their stocks were increased, their stocks are becoming sales revenues in a short time and their stock costs were decreased year by year.With this positive development, it has less financial resource s for their stocks as necessities and their competition force has increased by this activity. Average Days in Inventory: Generally, the lower (shorter) the DSI the better. Bim has lower Average Days in Inventory than Migros and industry. This means, Bim is doing good in the sector and it has a good position in industry competition. This is an indicator of good operating cycle of Bim. In this case, Migros is in a worse situation. Asset Turnover: Bim has higher asset turnover ratio than Migros and industry and it shows us Bim has much more effective sales than Migros.It is more successful than Migros in order to generate sales with fewer assets it has a higher turnover ratio which tells it is a good company because it is using its assets efficiently. Migros is not using its assets optimally. Total asset turnover ratio is a key driver of return on equity 4) Profitability Ratios A company’s stock price, in large part, is driven by the company’s ability to generate earnings . Therefore, it is useful for investors to analyze the profitability of a company before investing in it. One way to do this is by calculating and tracking various profit margins, which reflect how efficiently a company uses its resources.Gross Profit Margin: Due to higher sales volume of Bim, Bim has lower gross profit margin than both Migros and the industry and it means Profit Margin: It tells us about company’s profits and their different kinds of policies, strategies and decisions. When we look at Bim’s profit margins over the 3 years they are higher than Migros’s profit margin values and the industry average. It is the most advantageous one. Bim has a better position than Migros in the industry. It has a competitive advantage over Miigros. ROA: It shows us at what amount companies get returns from their investments.Bim has higher ROA than Migros and industry over 3 years. It has become really effective to use their assets in a profitable way. For Migros, i n 2011 the ratio became a minus value this means Migros lost its asset profitability and started to not to get any profit from their assets. ROE: Stockholders invest to get a return on their money, and this ratio tells how well they are doing in an accounting sense. It measures the performance of companies’ equities. Again for this ratio, Bim has a much better position. It has higher ratio than Migros and industry. But on the other hand, there has been a small ROE reduction for Bim over 3 years.For example in 2011, ROE is 0. 48 and this means that owners of Bim could get 10% income from their equity that they invest for Bim. Operating Profit Margin: With a higher ratio of Bim, it is more successful in generating from operating its business. It is more important than net profit margin because it measures the profit margin which companies gain from goods and services sales in companies’ main activity subjects. This ratio is higher than industry ratios which is really imp ortant especially for Bim’s investors. APPENDIX Figure 1 Figure 2 Figure 3 Figure 4 Table 1: Structure of BIM’s ShareholdersTable 2; Structure of Migros’s Shareholders Figure 5 Figure 6 Figure 7 Figure 8 Figure 9 Figure 10 Figure 11 Figure 12 Figure 13 Table 3; # of National and International Stores, Net Sales Area Figure 14 Figure 15 Figure 16 Figure 17 Table 4: Financial Ratios of Migros | 2009| 2010| 2011| 2010| | Migros| Migros| Migros| Industry| LEVERAGE RATIOS| Debt to equity| 2. 76| 3. 13| 3. 58| 1. 03| Total debt ratio| 0. 73| 2. 41| 0. 78| 2. 00| Long Term debt ratio| 0. 47| 0. 44| 0. 49| 0. 22| Long-term debt to equity ratio| 0. 64| 1. 85| 2. 26| 0. 84| Times Interest Earned| 1. 54| 1. 28| 1. 43| 22. 35|LIQUIDITY RATIOS| Current ratio| 1. 34| 1. 01| 1. 13| 0. 82| Quick ratio| 0. 94| 0. 58| 0. 70| 0. 45| Cash Ratios| 0. 88| 0. 55| 0. 66| 0. 32| Net Working Capital| 497,628| 27,363| 218,876| -31,682,086| EFFICIENCY RATIOS| Total asset turnover| 1. 01| 1. 14| 1. 04| 2. 08| Inventory turnover | 7. 34| 8. 52| 8. 47| 10. 61| Receivable turnover| 150. 11| 127. 5| 85. 64| 66. 25| Average collection period| 2. 43| 2. 86| 4. 26| 8. 80| Average days in Inventory| 49. 72| 42. 84| 43. 09| 38. 61| PROFITABILITY RATIOS| Gross profit margin| 0. 25| 0. 24| 0. 25| 0. 22| Net profit margin| 0. 01| 0. 006| -0. 02| 0. 02| Operating Profit Margin| 0. 01| 0. 03| 0. 04| 0. 01| Return on Asset| 0. 01| 0. 00| -0. 02| 0. 03| Return on Equity| 0. 07| 0. 03| -0. 13| 0. 11| Table 5:Financial Ratios of Bim | 2009| 2010| 2011| 2010| | Bim| Bim| Bim| Industry| LEVERAGE RATIOS| Debt to equity| 1. 83| 1. 74| 1. 81| 1. 03| Total debt ratio| 0. 64| 0. 63| 0. 64| 2. 00| Long-term debt ratio| 0. 01| 0. 01| 0. 01| 0. 22| Long-term debt to equity ratio| 0. 04| 0. 03| 0. 03| 0. 84| Times Interest Earned| 156. 8| 83. 67| 140. 6| 22. 35| LIQUIDITY RATIOS| Current ratio| 0. 88| 0. 95| 0. 98| 0. 82| Quick ratio| 0. 51| 0. 56| 0. 61| 0. 5| Cash Ratios| 0. 24| 0. 33| 0. 36| 0. 32| Net Working Capital| -80,986| -38,285| -18,386| -31,682,086| EFFICIENCY RATIOS| Total asset turnover| 4. 84| 4. 79| 4. 72| 2. 08| Inventory turnover | 16. 98| 19. 56| 20. 23| 10. 61| Receivable turnover| 32. 99| 34. 15| 30. 21| 66. 25| Average collection period| 11. 06| 10. 68| 12. 08| 8. 80| Average days in Inventory| 21. 4| 18. 66| 18. 04| 38. 61| PROFITABILITY RATIOS| Gross profit margin| 0. 17| 0. 16| 0. 16| 0. 22| Net profit margin| 0. 04| 0. 037| 0. 037| 0. 002| Operating Margin| 0. 04| 0. 04| 0. 04| 0. 01| Return on Asset| 0. 19| 0. 17| 0. 17| 0. 3| Return on Equity| 0. 54| 0. 49| 0. 48| 0. 11| Table 6: Financial ratios of Tesco Kipa, Carrefoursa, Migros, Bim, Industry, in 2010 2010| | Bim| Migros| Carrefoursa| Tesco Kipa| Industry| LEVERAGE RATIOS| Total Debt ratio| 0. 63| 2. 41| 0. 41| 0. 70| 1. 03| Debt to equity| 1. 74| 3. 13| 0. 71| 2. 43| 2. 00| Long-term debt ratio| 0. 01| 0. 44| 0. 02| 0. 42| 0. 22| Long-term debt equity ratio| 0. 03| 1. 85| 0. 04| 1. 45| 0. 84| Times interest earned| 84. 6| 1. 28| 1. 54| 2. 00| 22. 35| LIQUIDITY RATIOS| Net working capital| -38,285| 27,363| -126,853,307| 178,586| -31,682,086| Current ratio| 0. 8| 1. 01| 0. 81| 0. 59| 0. 82| Quick ratio| 0. 51| 0. 58| 0. 53| 0. 20| 0. 45| Cash Ratios| 0. 24| 0. 55| 0. 36| 0. 16| 0. 32| EFFICIENCY RATIOS| Total asset turnover| 4. 84| 1. 14| 1. 42| 0. 95| 2. 08| Inventory turnover | 16. 98| 8. 52| 10. 3| 6. 65| 10. 61| Receivable turnover| 32. 99| 127. 5| 21. 5| 83. 04| 66. 25| Average collection period| 11. 06| 2. 86| 16. 9| 4. 39| 8. 80| Average Days in Inventory| 21. 4| 42. 84| 35. 4| 54. 8| 38. 61| PROFITABILITY RATIOS| Gross profit margin| 0. 17| 0. 24| 0. 22| 0. 27| 0. 22| Net profit margin| 0. 04| 0. 006| -. 008| -0. 03| 0. 002| Operating Margin| 0. 4| 0. 03| -0. 005| -0. 002| 0. 01| Return on Asset| 0. 19| 0. 00| -0. 011| -0. 03| 0. 03| Return on Equity| 0. 54| 0. 03| -0. 02| -0. 11| 0. 11| | | REFERENCES * http://www. bim. com. tr/yatirimci-iliskileri. html * http:// www. migroskurumsal. com/Foreks. aspx? IcerikID=35 * http://tesco. kipa. com. tr/default. asp * http://www. carrefour. com. tr/Kurumsal/finansalsonuclar;jsessionid=b3a0da5ff5e79ee039b023b24ca0 * http://www. ampd. org/ * http://www. capital. com. tr/perakende-AltKategoriler/48. aspx * http://www. aaii. com/computerized-investing/article/profit-margin-analysis. pdf