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Unformatted text preview: Manning, Inc. Manning, Inc was founded in 1980 in Los Angeles. The company was an importer/wholesaler of after-market car accessories. Most of Mannings customers were located along the West Coast. Carl Christianson, credit manager of Manning Imports, Inc., was reviewing the financial statements of major accounts in March 1992. In particular, Mr. Christianson was concerned with the performance of two long time customersAls Add-ons in San Diego and Autoland, Inc. in San Francisco. The recent economic downturn had hit the automobile accessory industry hard. Recent changes in Als Add-ons and Autolands financial statements called into question their financial soundness. Customer Background Autoland, Inc. retailed a broad line of automobile accessories throughout the greater San Francisco Bay area. Founded in early 1985, Autoland had experienced rapid growthgrowing from an initial one-store operation to a chain of 9 stores by late 1980s....
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This note was uploaded on 01/06/2012 for the course BUS M 201-1 taught by Professor Jennlarson during the Fall '11 term at BYU.
- Fall '11