Fizzle or Sizzle? What’s Behind the Numbers For Principal Financial Group, Inc.

Principal Financial Group, Inc. (NYSE:PFG) presently has a current ratio of 2.98. The current ratio, also known as the working capital ratio, is a liquidity ratio that displays the proportion of current assets of a business relative to the current liabilities. The ratio is simply calculated by dividing current liabilities by current assets. The ratio may be used to provide an idea of the ability of a certain company to pay back its liabilities with assets. Typically, the higher the current ratio the better, as the company may be more capable of paying back its obligations. READ MORE

Webspec Design Acquires Web And Print Company

EDJE is a web, app, and print company in the Des Moines area specializing in agricultural and livestock businesses. With over 20 years of experience, EDJE has completed more than 3,500 client projects. As of July 1, 2017, it will become part of Webspec Design under owner Jeremiah Terhark. Terhark is also partial owner in both Iowa Sign Company and Computer Repair of Des Moines. READ MORE

Iowa's handout to Apple illustrates the folly of corporate welfare deals

State and local officials in Iowa have been working hard to rationalize their handout of more than $208 million in tax benefits to Apple, one of the world’s richest companies, for a data facility that will host 50 permanent jobs.

The deal will help make Iowa an “innovation and technology” hub, Gov. Kim Reynolds gushed. It will ensure development of a big parcel of open land that otherwise would have remained fallow, local development officials said. It was a bargain, according to civic leaders in Waukee, the Iowa community that will host the data center — after all, Apple will be contributing up to $100 million to a local infrastructure fund, starting with money to build a youth sports center. READ MORE