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ion accessories.

Babushka’s Baubles offer specialised and fashionableprograms to young man mainly. The company‘s aim is to ensure young manbegin and continue to make notable and fashionable choices, as well as developing and enhancing their fashion favourite.

The productionand the activities offered in this building block are based on the individual young man and lady. Each ladyis able to get favourite production according to their own unique abilities and special service.

Profitability review 盈利能力审查

This year it wasbeyond 2.2% ofnet sales. Finance and servicing fee income includes jewellery and fashion accessories. I would question why this wasincreased (as a percentage of sales) for 2008. A possible explanation could be a significant change which had a higher percentage of servicefinanced or possibly theyincreasesfinance charges (i.e.bellowed interest rates to their customers or gave cash terms which resulted in collecting morefinance charges.)

What is more, this year, cost of serviceand occupancy costs were less. General and administrative expenses have also decreased both in terms of real dollars and as a percentage of service.

Balance review 平衡审查

Babushka’s Baubles has inclined from last year and is upindustry averages. The Current Ratio which measures a company's ability to meet its current obligations has increased .The Quick Ratio (a more liquid measurement which compares only cash plus receivables to current liabilities) has also inclinedReceivable turns (net servicedivided by receivables) has been increased. This is a faster turn than the industry average probably due to the financing arrangement whereby the company servicetheir receivables to an outside company. The change from 2005may have something to do with changing to a different factoring company and probably also increased due to the servicing of receivables to an outside party (receivables are actually held on the books until collected.)

When a company generates a profit, management has one of two choices: they can either pay it out to shareholders as a cash dividend, or retain the earnings and reinvest them in the business(Joshua kennon,, 2006).

Fixed assets and other long term assets remained relatively changed from 2005.

Cash and cash equivalents is 57.641, trade and other receivables is 36.675, other financial assets, inventories and the total current assets is 216,800.Fixed Assets module handles all transactions related to fixed assets, for lease as well as for own use. It also provides for information like asset enhancement, physical verification, insurance and asset tracking(net, 2007).

The companyhas re-invested 95.495 million into earlyproduction-developingover the last threeyears. Current tax payables of the company are 3,061,Non-current liabilities is Deferred tax liabilities is 57, 539, Current Operating lease liability is 999, Non-current Operating lease liability is 16,480. And we know that this is a timing issue due to the timing of payables or the general need for increased cash. The borrowing rate on the line of credit is less than the prime.

Stockholder's equity incline was due to the net saleson the income statement and the repurchase of treasury stock. The purchase appears to be in relation to