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“There can be no doubt that New York's state prayer program officially establishes the religious beliefs embodied in the Regents' prayer. The respondents' argument to the contrary, which is largely based upon the contention that the Regents' prayer is "nondenominational" and the fact that the program, as modified and approved by state courts, does not require all pupils to recite the prayer, but permits those who wish to do so to remain silent or be excused from the room, ignores the essential nature of the program's constitutional defects. Neither the fact that the prayer may be denominationally neutral nor the fact that its observance on the part of the students is voluntary can serve to free it from the limitations of the Establishment Clause…”
--Justice Hugo Black, Engel v. Vitale, 1962
-Which test examines the constitutionality of laws like the one challenged in Engel v.Vitale?
Total Common Equity
The sum of a company's shareholders' equity, excluding preferred shares, represented by common stock, retained earnings, and other accumulated comprehensive income.
Cash Flow Per Share
A financial metric that represents the amount of cash generated by a company, per share, over a specific period.
Depreciation
The systematic allocation of the cost of a tangible asset over its useful life.
Ratio Analysis
A quantitative method of gaining insight into a company's liquidity, operational efficiency, and profitability by comparing financial statement items.
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