Verizon
Essay title: Verizon
Verizon Wireless
In the past four weeks the stock of Verizon has been on a slight rise 36.20 from 35.68, a 52 cent increase. At the end of 2003 in December, it was down to around about 12.00 a share. In June of 2003, the share of the stock was 40.50, then in January of 2003, the price was 35.00. So the stock has been fluctuating up and down between 32 and 40 dollars a share in the last two years.
In 2003 compared to 2002, Verizons current ratio declined by 12.7%, a reduction of 0.10 (0.69 vs. 0.79).
Verizons Accounts Receivable jumped up 20.3%, an increase of 1.02 (6.05 vs. 5.03). Consequently, days to collect worsened in 2003 compared to 2002, (60 days to 73 days) decreasing by 13 days, or 17.8%.
The profit margin for 2003 compared to 2002, declined by 33.5%, a drop of 1.52 (4.54 vs. 6.06).
Accounts Payable for 2003 compared to 2002, got better by 8.2%, an increase of 0.12 (1.56 vs. 1.46), which also effected the days to pay decrease by 19 days (231 days vs. 250 days).