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KMID : 1011620120280040451
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Korean Journal of Food and Cookey Science
2012 Volume.28 No. 4 p.451 ~ p.461
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Trend analysis on the financial soundness of contract foodservice management companies(CFMC) : approach to the financial statements from 1999 to 2011
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박문경:Park Moon-Kyung
저자없음:No authors listed
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Abstract
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The purposes of this study were to examine the financial statements and analyze the financial soundness of contract foodservice management companies(CFMC) using the financial ratio. The statistical data analysis was completed using Microsoft Excel(ver.2007) for the trend line equation and using SPSS Win(ver.18.0) for wilcoxon-rank sum test. Increased asset, debt, capital and sales occurred in most of the CFMCs, but the financial trend of firm D decreased for operating profit and net profit. The financial ratio for investigating a firm"s financial soundness was based on liquidity, stability, profitability, activity, and growth through financial statements. Most of the CFMCs had maintained outstanding financial soundness from 1999 to 2011. The financial statements during the decade were verified and fluctuated. The directly affected CFMCs by a school foodservice" sanitation accident had maintained better financial statements than those of other CFMCs. Therefore, there was opportunity for directly affecting CFMCs involved in school foodservice" sanitation accident to diversify the business portfolio of the firms.
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KEYWORD
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financial soundness, financial ratio, financial statement, trend analysis, contract foodservice management company(CFMC)
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