Riordan Manufacturing's Financial State

Abstract Riordan Manufacturing is a world class manufacture of plastics. The familiarity has tercet entities operational in the world. The need to consolidate the explanation piece of land for all entities was considered a necessity to have successful legend totals for the fraternity as an entirety. Riordans monetary statements and the computations of its pecuniary ratios suggest that the company is in a precarious financial state. On a positive note, its modern ratio is close to the ideal, which signals that Riordans management is cost-efficient in managing its cash flows. However, Riordans quick ratio comes out as very low compared to acceptable standards. With the effective use of the be modules the company stands a postive outlook for its own future. Learning team A will provide its perspective on the current financial standing of Riordan Manufacturing. The company is a global drawing card in the manufacturing of plastics. Many of its clients include automoti ve parts manufacturers, aircraft manufacturers, the department of Defense, crapulence makers and bottlers, and appliance manufacturers. While its employee base is relatively picayune at 550, it has projected earnings of $46 million. The company is poised to nourish its good financial standing by guidance on long-term growth through research and design, customer felicity and employee engagement. It will also take care that the resources needed to hold in positivity are available.

Riordan Manufacturing recently expanded its operations to China. In frolicsome of this and possible future growth, the compa ny needs to ensure a careful analysis is com! pleted on its financial statements at regular intervals. The company currently has three operating entities locate in California, Georgia and Michigan along with a reciprocal venture in China. Each entity uses its own finance and news report Systems. The input from these systems is consolidated into the system at its corporate headquarters in San Jose. This can... If you want to get a full essay, decree it on our website: OrderCustomPaper.com

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