Circus-Circus was an unprofitable business and a small time gambling casino when William Bennett and William Pennington purchased it in 1974 for $50,000. With a new marketing program in place and a stock offering in October of 1983, the phoner was rejuvenated. What it has become is a hotel/casino that is targeted mainly towards middle income gamblers as well as family oriented vacationers, but has not strayed out from the high rollers that ar found in most casinos. With the think being on many market segments, along with its sport park type atmosphere, this company give the bounce be categorised as a broad differentiator. Most recently, to go along with their amusement park atmosphere, Circus-Circus has broke ground into developing an aquatic environment that has beaches, snorkeling reef, and a swim-up shark exhibit. 2. ww 1. Financial balance Analysis 199719961995 A. Current Ratio 151,849/129,768 124,380/95,532 110,923/82,000 1.17 times 1.3 times 1.35 times B. positive Debt to 1,694,739/ 968,161/ 826,424/ fargon gains 2,729,111 2,213,503 1,512,548 62%43%55% C.
Asset Turnover 1,170,182/ 1,299,596/ 1,334,250/ 2,729,111 2,213,503 1,512,548 43% 59% 88% The results for current ratio are favorable. It states that Circus-Circus can pay off their short run debt with money to spare. Total debt to total asset is also favorable showing that they do not borrow much money that is listed as an asset. Asset turnover, however, is unfavorable. It was not as bad in 1995, but they are only making back about half of what they are spending. This is most likely due to the new aquatic addition they are putting adding. 4. Circus-Circus stock has been in somewhat of a slump since mid-March when... If you want to get a full essay, localize it on our website:
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