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Describe Your Financial Need for this Scholarship Essay Sample

Briefly Describe your Financial Need for this Scholarship

Financial Need Essay

I am in need of financial assistance in order to attend college because I am a low-income student. I am the 1st child to attend the college. Although my parents gave me many supports, I received a limited financial assistance due to low family income. To reduce family burden, I took out student loans to pay for my tuitions. Meanwhile, I am working 19 hours per week on campus to support myself. However, with the increasing tuitions this year, I am facing more challenges on financial need. As a senior in Petroleum Engineering, I wish to spend more time on my major courses because these courses are cores of my major and crucial in my future career. Unfortunately, financial burden may lessen my time on mastering the courses. Therefore, I would greatly appreciate a helping hand so that I can successfully obtain my engineering degree.

Awarding this scholarship will make great contribution to my study in Louisiana State University. This scholarship would allow me to work less and focus more on my studies. Meanwhile, this scholarship will support me to do more on community service and explore my potential in assisting the needs of people. Furthermore, receiving this scholarship will give me more opportunities to attend the conference and expose to newly developed technology. Additionally, awarding this scholarship would further motivate me to pursue academic excellence

Original Source: Essay Forum


Disclaimer: These essays are provided to assist writing, not to be copied

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Fact: MindSumo has provided $650,000 to help students pay for college. View our latest scholarships .
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Financial essay example

Running head: Ratio Analysis
Task details
Using academic sources, choose a publicly traded firm, and use its data from wit...

Ratio analysis !2
GE Healthcare Financial Analysis
The GE Healthcare company has been in operation for more than a century...

Ratio analysis !3
According to Axel (2012), asset utilization ratio measures how the management used an
asset to generate ...

Ratio analysis !4
As the manager of GE Company, it is worth defining the products and markets that
describe the domain of ...

Ratio analysis !5
References
Axel, T. (2012). Ratio Analysis Fundamentals: How seventeen Financial Ratios Can Allow You
to...

Ratio analysis !6
Source: http://financials.morningstar.com/ratios/r.html?t=GE&region=usa&culture=en-US
Profit
margin (%) ...

Ratio analysis !7
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    Financial essay example

    1. 1.
      Running head: Ratio Analysis
      Task details
      Using academic sources, choose a publicly traded firm, and use its data from within the
      past three (3) years to identify financial ratios, precisely; the profit margin, debt to asset ratio,
      price-earnings (PE) ratio, inventory turnover, current ratio, and the times interest earned. Analyze
      financial trends of that firm and evaluate whether it realize success throughout the next five (5)
      years, or whether there appear to be challenges that will inhibit its growth. Provide a rationale for
      your response.
      As a manager of the chosen firm, summarize the major steps towards improving the firm
      or to maintain its prevailing financial success. Give a rationale behind the success of your
      approach

    2. 2.

      Ratio analysis !2
      GE Healthcare Financial Analysis
      The GE Healthcare company has been in operation for more than a century. It operates
      globally in more than 170 countries with its headquarters in the U.S. It entity provides financial
      and infrastructure services worldwide. The company’s water and power segments offer steam,
      gas and aero-derivative generators, turbines, combined cycle systems, and other related services.
      It employs over 100,000 people across the globe under its Chief Executive Officer Jeffrey R.
      Imemelt who has been the firm’s director for the last 14 years.
      Analyzing this company’s financial status will assist investors in knowing the firm's
      financial position, which is essential for their investment decision-making (Axel, 2012). The
      total revenue for the GE Company for the year 2013 was $146,045 million while the cost of
      goods sold was $77,141 million to give a gross profit margin of $68,904 million. The net profit
      margin after taxes and operating expenses was 8.94% of the total revenue. From a three-year
      financial analysis, ranging from 2011 to 2013, GE Healthcare has been making significant
      returns, an implication that the company has been effectively and efficiently managing its
      expenses to increase profitability (Weygandt, 2005). Also, the ability of the company to meet its
      short and long-term obligations has been good, implying that the company is in a good position
      to meet its debt obligations. This is clearly depicted by the current, quick and long term debt
      ratios in Appendix I. The comparison of returns on equity and assets for the three years, as from
      2011 to 2013 shows that GE Company gained better returns. This makes this company a viable
      investment opportunity.

    3. 3.

      Ratio analysis !3
      According to Axel (2012), asset utilization ratio measures how the management used an
      asset to generate revenue. For the last three years, GE Company has been managing efficiently
      its assets in the generation of income as depicted by inventory turnover and account receivable
      turnover in Appendix I. The trend in the inventory turnover has been declining for the last three
      years. As such, the management should find out the reasons behind this reduction for corrective
      measures to be implemented. The EPS of the company in 2013 was 1.27, and the dividend
      payout was 53.7%. The trend in dividend payout and the price-earnings ratio has been increasing
      steadily for the last three years, showing that the firm has been paying substantial dividends to its
      shareholders (Weygandt, 2005). The EPS of GE Company has been positive throughout the three
      years. This is attributed to the positive returns it has been making. Besides, times interest earned
      for the company has been increasing progressively from 2.38 in 2011 to 2.60 in 2013, suggesting
      how GE Healthcare has been gaining from the interest that was being paid for the cost of capital.
      From the company’s ratio analysis in Appendix I, it is clear GE Healthcare has had better
      performance in terms of profitability, liquidity, asset utilization and market measure. Based on
      this data, the company’s investors, both the existing ones and those joining the firm are likely to
      get higher returns. This makes it clear that the company will continue experiencing better
      financial performance for the next five years as shown by a number of ratios, including: the
      profitability ratios, return on assets and equity, which have been growing since 2011 with the
      profit margin changing slightly, even though this margin is still high. The current and acid test
      ratios have also had a significant increment, an implication that the company will continue to
      manage well its long and short term obligations

    4. 4.

      Ratio analysis !4
      As the manager of GE Company, it is worth defining the products and markets that
      describe the domain of the company (Boulton, 2004). Once the business segment that the
      company is operating has been understood, it will be easier to serve it effeciently. Secondly, it is
      essential going an extra mile to know some of the segment’s key players, including; customers,
      suppliers, and competitors. Thirdly, identifying the requirement and trends that determine the
      critical success factors for the company is vital (Boulton, 2004). These factors include
      competitive factors which must be met, customer requirements, and regulatory standards in the
      business, technical requirements, and the resource requirement in order to implement
      competitive strategies.
      As the manager of the company, understanding the market in which the company is
      operating in will ensure that better and informed decisions are made. This will ensure that an
      investor gets better returns. By fully understanding the three main players in the industry in
      which the company is operating, it becomes clear that the company will meet the needs of these
      players, which in most cases, determine the future success of the company. For instance, if the
      company is offering quality services and products to the customers, the market share will be able
      to grow progressively, thereby, increase sales, which translates to an increase in the firm’s
      profitability.

    5. 5.

      Ratio analysis !5
      References
      Axel, T. (2012). Ratio Analysis Fundamentals: How seventeen Financial Ratios Can Allow You
      to Analyze Any Business on the Planet. Sydney: RatioAnalysis.net.
      Boulton, R. (2004). The strategic analysis model. Business Journal, 1-10.
      Weygandt, J. (2005). Hospitality Financial Accounting. New York: John Willey & Sons.
      Appendices
      Appendix I: Financial analysis of GE Healthcare
      Ratios 2013 2012 2011
      Liquidity Ratios GE Ltd GE Ltd GE Ltd
      Cash ratio 1.16 1.19 1.46
      Quick Ratio 2.42 2.26 2.02
      Current ratio 2.53 2.34 2.08
      Long-term debt
      ratios
      Debt equity
      ratio 1.86 2.07 2.25
      Times
      interest
      earned 2.60 2.39 2.38
      Profitability
      Ratios

    6. 6.

      Ratio analysis !6
      Source: http://financials.morningstar.com/ratios/r.html?t=GE&region=usa&culture=en-US
      Profit
      margin (%) 8.94 9.26 8.91
      Return on
      assets (%) 1.97 1.95 1.79
      Return on
      equity (%) 10.3 11.39 11.15
      Asset utilization
      Ratios
      Inventory
      turnover 4.72 5.1 5.39
      Account
      receivable 6.81 7.2 6.25
      Market measure
      Ratios
      Price
      earnings
      ratio 12.98 11.8 11.01
      Earnings per
      share 1.27 1.29 1.23
      Dividend
      payout (%) 53.7 50.4 49.6

    7. 7.

      Ratio analysis !7
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    Statement of Financial Need Scholarship Essay Example

    Tell Us About Your Need For This Scholarship

    Financial Need Essay

    The value of education is something that I have understood since a very young age. Neither of my parents had an opportunity to attend college, and faced many struggles in their personal and professional lives because of this. They made a commitment early in my life to do everything within their power to instill in me a love of learning and an understanding of the importance of hard work and dedication.

    Because of their love and sacrifice over the years, I have been able to devote the time and energy necessary to academic accomplishment even though money has always been tight. In my senior year at XYZ High School, I have a 3.9 grade-point average and have been named Salutatorian of my graduating class. In addition to focusing on my own studies, I also worked as a math and science tutor throughout my years in high school as a way of contributing to my family’s budget.

    Additionally, I have also been active in my school and community outside of the classroom, serving on the student council as Secretary Treasurer for two years, serving as an officer in the Future Engineers of America chapter at my school, and volunteering at a local Boys & Girls Clubs of America chapter during school breaks.

    My family has made many sacrifices to allow me to focus on education throughout primary and secondary school. I now have an opportunity to become the first person in my family to attend college, though I’m in need of financial assistance to realize what has been a long-term goal for me and a dream for my parents.

    If selected for this scholarship, I will continue to apply the same diligence to my collegiate studies as I have to this point, making education and service to others my top priority. I will represent your organization well during my years in college and beyond. Thank you in advance for your consideration.

    Original Source: College.Lovetoknow


    Disclaimer: These essays are provided to assist writing, not to be copied

    Want to view scholarship essays on different topics?

    Fact: MindSumo has provided $650,000 to help students pay for college. View our latest scholarships .
    Header logo dark

    We have more samples

    Great sample scholarship essays right here for you

    Challenges

    • All Challenges
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    • Engineering
    • Computer Science
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    • Math & Sciences
    • Humanities & Arts
    For Solvers

    • Leaderboard
    • Cover Letters
    • Scholarship Essays
    • FAQs
    • Blog
    For Businesses

    • Features
    • Innovation Teams
    • Marketing Teams
    • Product Teams
    • R&D/Engr. Teams
    • Resources
    • FAQs
    • Blog
    Company

    • Careers
    • Table of Contents
    • Terms & Conditions
    • Privacy Policy


    Apple store
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    © 2018, MindSumo Inc. All rights reserved.