Modulo 3
Páginas: 4 (869 palabras)
Publicado: 17 de febrero de 2013
Please submit the case to Blackboard on Monday, November 5th.
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Donna Jamison, a recent graduate of the University of Tennessee withfour years of banking experience, was recently brought in as assistant to the chairman of the board of Computron Industries, a manufacturer of electronic calculators.-------------------------------------------------
The company doubled its plant capacity, opened new sales offices outside its home territory, and launched an expensive advertising campaign. Computron’s results were notsatisfactory, to put it mildly. Its board of directors, which consisted of its president and vice-president plus its major stockholders (who were all local business people), was most upset whendirectors learned how the expansion was going. Suppliers were being paid late and were unhappy, and the bank was complaining about the deteriorating situation and threatening to cut off credit. As aresult, Al Watkins, Computron’s president, was informed that changes would have to be made, and quickly, or he would be fired. Also, at the board’s insistence Donna Jamison was brought in and given thejob of assistant to Fred Campo, a retired banker who was Computron’s chairman and largest stockholder. Campo agreed to give up a few of his golfing days and to help nurse the company back to health,with Jamison’s help.
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Jamison began by gathering financial statements and other data. Assume that you are Jamison’s assistant, and youmust help her answer the following questions for Campo.
Balance Sheets
Assets | 2009 | | 2010 |
Cash | $ 9,000 | | $ 7,282 |
Short-term investments. | 48,600 | |20,000 |
Accounts receivable | 351,200 | | 632,160 |
Inventories | 715,200 | | 1,287,360 |
total current assets | $ 1,124,000 | | $ 1,946,802 |
Gross fixed assets | 491,000...
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Donna Jamison, a recent graduate of the University of Tennessee withfour years of banking experience, was recently brought in as assistant to the chairman of the board of Computron Industries, a manufacturer of electronic calculators.-------------------------------------------------
The company doubled its plant capacity, opened new sales offices outside its home territory, and launched an expensive advertising campaign. Computron’s results were notsatisfactory, to put it mildly. Its board of directors, which consisted of its president and vice-president plus its major stockholders (who were all local business people), was most upset whendirectors learned how the expansion was going. Suppliers were being paid late and were unhappy, and the bank was complaining about the deteriorating situation and threatening to cut off credit. As aresult, Al Watkins, Computron’s president, was informed that changes would have to be made, and quickly, or he would be fired. Also, at the board’s insistence Donna Jamison was brought in and given thejob of assistant to Fred Campo, a retired banker who was Computron’s chairman and largest stockholder. Campo agreed to give up a few of his golfing days and to help nurse the company back to health,with Jamison’s help.
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Jamison began by gathering financial statements and other data. Assume that you are Jamison’s assistant, and youmust help her answer the following questions for Campo.
Balance Sheets
Assets | 2009 | | 2010 |
Cash | $ 9,000 | | $ 7,282 |
Short-term investments. | 48,600 | |20,000 |
Accounts receivable | 351,200 | | 632,160 |
Inventories | 715,200 | | 1,287,360 |
total current assets | $ 1,124,000 | | $ 1,946,802 |
Gross fixed assets | 491,000...
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