Word: profitability
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Dates: during 1930-1939
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Turnover. The oftener a business can turn over its goods, the better chance it has of profit. One way to check rate of turnover is to divide the gross sales of a firm by the value of its inventory. The first component of TIME'S Index is a similar ratio of turnover. It is obtained by dividing bank debits by bank loans; the result is actually a measure of turnover of borrowed capital...
...Wrote a plan for restoring U. S. prosperity. Its prime points: reduction of Government regulation of industry to a reasonable basis; an end of Government pump-priming because it is a failure; recognition of the profit motive as an incentive to produce; a return to economy in Government expenditures; amendment of the National Labor Relations Act "to guarantee to employes real freedom in the selection of their representatives"; modification of the Securities Acts to encourage new capital investment...
...sales rose from $10,229,000 in 1934 to an estimated $20,000,000 this year, its net income from a 1935 deficit of $275,000 to an anticipated 1939 profit of $1,000,000. Still, minority stockholders were not satisfied. Once they set up a fuss at their annual meeting at the firm's Chicopee Falls, Mass, plant over the $12,000 annual fee directors had voted their chairman. Next year the directors retaliated by holding the stockholders' meeting in Delaware. Last week, however, it looked as if the controversy would soon be ended...
...shortest period in U. S. history. Phrases like "this augurs well" cropped up in more than one of the evening's speeches. But to thoughtful men among them, the carloading boom was an ugly fact to face. For it demonstrated that their huge industry cannot make a respectable profit even when business is booming...
Honor roll of swell performances:- John Profit as the silent bum; Helen Schuman in assorted bit parts; Agnes Love, who had the best lines in the show and made the most of them; Hunt Hamill, the suave, cynical, polo-playing hero of a shop-girl's dreams; and finally Richard Whittemore, the death-watch announcer with an appetite...