tailieunhanh - Analysis of Financial Statements: Local Farm Supply, Marketing Cooperatives

The recent financial crisis exposed many weaknesses in risk management in financial services. Issues around incentives, governance and culture at many market participants have been well documented and need no further discussion. However, the trouble ran deeper than that: reading any account of the last years’ events that brought the financial sector to the brink of collapse, it is obvious that many of the actors ‘flew blind,’ with neither adequate information nor preparation. Moreover, what was good for an individual firm or country in the short term was not necessarily good for the system as a whole in the long run. Regulators thought nationally, not. | USDA United States A _ I _ _ _ _ _ _f Department of T Agriculture nliaiysis oi Financial Statements RBS Research R t 154 Local Farm Supply Marketing Cooperatives 52 738 960 Abstract This report analyzes the balance sheets and income statements of local farm supply and marketing cooperatives comparing 1995 and 1994 and trends over the past 10 years. The data in this report represent four cooperative sizes and types. Common size income statements and balance sheets are used to compare different cooperative sizes and types. Trends for major balance sheet and income statement items and ratio analysis are used to compare and contrast cooperatives by size and type. Key words Cooperatives balance sheet income statement farm supply marketing sales and financial ratios. Analysis of Financial Statements Local Farm Supply Marketing Cooperatives E. Eldon Eversull and Beverly L. Rural Business-Cooperative Service . Department of Agriculture Research Report 154 March 1997 Price Foreign Preface This report studied the financial statements of local cooperatives comparing 1995 1994 and the past 10 years. Trends of major balance sheet and income statement items as well as financial ratios are presented for four cooperative sizes and types. The information provides cooperative managers and boards of directors with a basis to compare their cooperatives historical performance with representative cooperative data. The authors thank the cooperatives that provided their financial statements to RBS-Cooperative Service CS and made this report possible. Special thanks to CS staffers David S. Chesnick and Charles A. Kraenzle for reviewing the initial .