Annual Report 2

Annual Report 2 - 1. Analysis of 2012 Overall 2012 was a...

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1. Analysis of 2012 Overall 2012 was a much anticipated turnaround year for Ferris Company. We once again came close to max issuing our common stock by raising $15,437 (in thousands) in issuance of new shares to finance the expansion of our inventory and increase in our automation. We managed to effectively plan the release of our products to correct the R&D issues we had in Round 1 when we lost sales due to late release of our products. Ferris expected increased time and money invested in TQM along with this issuance of common stock to greatly improve our profits while decreasing unit and labor costs. Table 1-1 effectively compares the actual results reported in the Annual reports to the forecasted numbers that appeared in the proformas for the examined variables. Table 1-1: Analyzing 2012 Measure Performa Forecast Annual Report Result Differen ce Sales $171,626 $166,684 ($4,942) Cash $ 10,897 $ 7,162 ($3,735) Inventory $ 11,650 $14,586 $2,936 All Values in terms of thousands Since we selected success measure that are greatly affected by sales and net income
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This note was uploaded on 08/08/2011 for the course WCOB 3016 taught by Professor Staff during the Spring '08 term at Arkansas.

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Annual Report 2 - 1. Analysis of 2012 Overall 2012 was a...

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