Case - Robotron Corporation

Case - Robotron Corporation - MANAGEMENT 120A CASE 2...

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MANAGEMENT 120A CASE 2 Inventory Valuation ROBOTRON CORPORATION Objective: Strategic choice of accounting methods. Robotron Corporation manufactures packaging and industrial automation and safety controls. The packaging group designs, manufactures and markets packaging machinery and system for industrial and consumer applications. This system uses formulated thermoplastic films that are oriented in the original manufacturing process to shrink film, the film is sealed, and completely over wrapped. The Safety and Automation Systems group manufactures and markets electronic systems for personal safety and controls for monitoring high speed automatic production machinery. The company has a 60% owned subsidiary in Brazil. Packaging systems accounted for 87% of Revenues in fiscal 2008 and Safety & automation systems, 13%. The following excerpts are taken from Robotron’s financial statements. Condensed Consolidated Balance Sheets February 28, 2008 and February 28, 2007 ($ in thousands) 2008 2007 Assets Total current assets $15,449 $16,162 Net property, plant and equipment 3,417 3,725 Other assets 220 170 Total assets $19,086 $20,057 Liabilities and Stockholders’ Equity Total current liabilities $7,144 $7,021 Long-term debt less current portion 1,527 1,585 Other long-term liabilities 683 637 Total liabilities 9,354 9,243 Minority interest 722 700 Stockholders’ equity Common stock, par value $0.05 per share; issued 2,352,720 in 2008 and 1,882,720 in 2007 118 94 Additional paid-in capital 9,798 8,715 (Deficit) Retained earnings (783) 1,428 9,133 10,237 Less: Treasury Stock (123) (123) Total Stockholders’ equity 9,010 10,114 Total liabilities and stockholders’ equity $19,086 $20,057 Page | 1
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Management 120A Page | 2 Condensed Consolidated Statement of Operations For the Years Ended February 28, 2008, February 28, 2007, and February 29, 2006
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This note was uploaded on 03/10/2009 for the course MGMT 260491200 taught by Professor Litt during the Winter '09 term at UCLA.

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Case - Robotron Corporation - MANAGEMENT 120A CASE 2...

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