Annual Report 2015

Annual Report 2015 - 1.1 Analysis of 2015 Overall in the...

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Unformatted text preview: 1.1 Analysis of 2015 Overall in the year 2015 was an average year for Ferris. Ferris used its high levels of cash to finance plant improvements, TQM, and Sales/Promo budgets. However, Ferris made a crucial mistake that resulted in receiving its first emergency loan. Unfortunately, we overforecast our sales and did not issue enough stock to cover our introduction of Freeze (low tech segment). Ferris once sold 40,686 in stock, which turned out to be insufficient to prevent us from receiving an emergency loan. In 2015 Ferris increased its paid dividends from $0.25 to $0.50. 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 2015 Measure Proforma Forecast Annual Report Result Differenc e Sales $251,895 $293,131...
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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 2015 - 1.1 Analysis of 2015 Overall in the...

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