Rite Aid Annual Report 2012 - 1670 Words

Rite Aid Annual Repot 2012 [pic] â€Å"To be successful chain of friendly, neighborhood drugstore. Our knowledgeable, caring associates work together to provide a superior pharmacy experience and offer everyday products and services that help our valued customers lead healthier, happier lives† Historical Background Rite Aid’s first store opened in September of 1962 in Scranton, Pennsylvania. When it first opened it was called Thrif D Discount Center. The company grew rapidly expanding to five northeastern states by 1965. By 1968, the name was officially changed to Rite Aid Corporation. It became public it’s first year after becoming Rite Aid and started trading on the†¦show more content†¦The reason is that the company’s expenses exceeded the revenue. Company’s assets have been increasing compared to last year total assets. There hasn’t been a dramtic change in liabilities because the company doesn’t have enough cash to pay its debt. [pic] Financial Analysis Ratios are highly important profit tools in financial analysis that help financial analysts implement plans that improve profitability, liquidity, financial structure, reordering, leverage, and interest coverage. Although ratios report mostly on past performances, they can be predictive too, and provide lead indications of potential problem areas. Financial ratios are important because they help investors make decisions to buy hold or sell securities. Liquidity ratios tell a user about firm’s ability to pay current bills. |Ratios |2012 |2011 | |Working capital |1,934,267 |1,991,042 | |Current Ratio |1.8 |1.8 | Working capital is positive, meaning that the company has enough cash, accounts receivable, inventory, and short time investments to cover the current liabilities. Current Ratio shows that the company has $1.80 of current assets for each $1.00 of current liabilities. Profitability Ratios how successful a company is in terms of generating returns orShow MoreRelatedStrategies Used by Rite Aid Pharmacy1852 Words   |  8 PagesMorris MGMT 441 * Rite Aid Pharmacy * Headquarters: Camp Hill, Pennsylvania * CEO: John T. Standley * Mission Statement: To be a successful chain of friendly, neighborhood drugstores. Our knowledgeable, caring associates work together to provide a superior pharmacy experience, and offer everyday products and services that help our valued customers lead healthier, happier lives. * NYSE, RAD, $1.90 (Taken March 28, 2013) Business Strategy Analysis Rite Aid Pharmacy is positioningRead MoreCvs Comparation5058 Words   |  21 Pages(408) 288-5533(F)-  © Transmercial. 2010 transmercial Commercial Real Estate Investment www.transmercial.com 3RD QUARTER 2010 Newsletter VOLUME 5 ISSUE 1 Walgreens, CVS or Rite-Aid: Which Tenant Is Best in 2011? By David V. Tran There are 3 major drugstore chains in the US: Walgreens, CVS, and Rite Aid. 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