ABINGTON-HILL TOYS‚ INC. 1. INTRODUCTION Abington-Hill Toys’ new president‚ Vernon Albright‚ hires a new company comptroller‚ David Hartly. Hartly’s first task was to complete an analysis of the firm’s condition and generate financial planning for the company. 2. METHODOLOGY A. Current ratio B. Acid-test ratio C. Inventory Turnover Ratio D. Debt-Equity ratio E. Gross Margin F. Net Profit Margin G. Z Score 3. SOLUTION A. 280‚000/290‚000=.97 B. 130
Premium Financial ratios Profit Balance sheet
CASE 1- ABINGTON-HILL TOYS‚ INC. PART I – INTRODUCTION Abington Hill Toys‚ Inc‚ a seasonal business that dependent on holiday season‚ which is a high-risk company that would easily results in costly for company to restore inventories in the non-holiday seasons. In this case‚ because of no successor due to the death of Lewis Hill‚ the last founder of the company‚ and the slowly deteriorated financial condition as Mr. Hill was running the company’s final years‚ the stockholders decided to
Premium Marketing Management Brand
Finance 301 September 15‚ 2011 CASE 1 ABINGTON-HILL TOYS‚ INC. INTRODUCTION In the case of Abington-Hill Toys‚ Inc.‚ Vernon Albright assumed the position of the president of the firm following the death of the Lewis Hill‚ the last of the original founders. During the last years of Mr. Hill’s control of the firm‚ the financial condition of the company had deteriorated. In order to investigate the financial condition of the firm‚ the new president hired a company comptroller who was experienced
Premium United States Finance Ethics
Case Study: Abington-Hill Toys Title: Abington-Hill Toys‚ Inc Part I. Introduction Abington-Hill Toys‚ Inc has been assigned a new president Vernon Albright due to the death of Lewis Hill. The financial condition slowly deteriorated as Mr. Hill was running the company’s final years. Mr. Albright was brought in because the founders of the companies did not have a son or daughter that was willing to the take on the role of the new president. Mr. Albright took it upon him to take the leadership
Premium Generally Accepted Accounting Principles Financial ratios Balance sheet
INTRODUCTION Toy World‚ Inc. was a manufacturer of plastics toys for children. Its product groups included toys cars‚ trucks‚ construction equipment‚ rockets‚ spaceships and satellites‚ musical instruments‚ animals‚ robots‚ and action figures. The products are a wide range of designs‚ colors‚ and sizes. This kind of business was a highly competitive business. Moreover‚ this industry was populated by a large number of companies‚ which were short on capital and management talent. Since capital
Premium Pro forma Inventory
Toy World‚ Inc. Early in January 1994‚ Jack McClintock‚ President and part owner of Toy World‚ Inc.‚ was considering a proposal to adopt level monthly production for the coming year. In the past‚ the company’s production schedules had always been highly seasonal‚ reflecting the seasonality of sales. Mr. McClintock was aware that a marked improvement in production efficiency could result from level production‚ but he was uncertain what the impact on other phases of the business might
Premium Accounts receivable Capital expenditure Inventory
Running head: Toy World‚ Inc. Case Study Toy World‚ Inc. Summary I have been hired by Toy World’s treasurer Grace Jones‚ as her assistant‚ and have been given the task of preparing a cash budget for the CEO Dan Culbreth. I have been told to do a monthly budget for January to June and a daily budget for the month of January. I’m required to have this cash budget done by Sunday for a meeting with Dan and Grace. Dan will then be presenting the budget in his meeting about loan requirements‚ with
Premium Loan Money Payment
order quantities for each of the three types of toys. MASTER SCHEDULE FORECAST INPUT SEP26 OCT3 OCT10 OCT17 OCT24 OCT31 ----- ----- ----- ----- ----- ----- TOY AUTO 1100 1150 1200 1300 1400 1500 TOY TRUCK 500 450 400 350 300 300 TOY ROBOT 700 650 650 625 625 600 ------ ------ ------ ------ ------ ------ TOTAL UNITS 2300 2250 2250 2275 2325 2400 AVERAGE WEEKLY DEMAND (CALCULATED) TOY AUTO 1275 TOY TRUCK 383 TOY ROBOT 642 MASTER SCHEDULE EOQ
Premium 3rd millennium Years in the future
Toy World‚ Inc. is a fairly healthy toy manufacturing business that is looking at a cross roads in it ’s main operating procedure. Jack McClintock is President and partial owner of Toy World. His new production manager‚ Dan Hoffman‚ has been on the job through one business cycle (about one year). This toy business is a seasonal business with most of the sales coming between August and December. Since its inception Toy World has followed a seasonal production schedule to match customer demand
Premium Expense
Abington School District vs. Schempp Required School Prayer In 1949‚ a state-wide law was passed in Pennsylvania that required public school students to read scriptures from the Bible and recite the Lord’s Prayer everyday in class. This law stayed intact until Edward Schempp challenged it nine years later. Pennsylvania wasn’t the first or the only state to enforce law making it mandatory for students to read from the Bible during school. Twenty-five additional states had laws allowing "optional"
Premium Jesus Christianity Law