Miniscribe Corporation

Miniscribe Corpo ration An Executive Summary Miniscribe is a computer phonograph recording drive manufacturing alliance founded in 1981 by terry Johnson. It started from the basement of Mr. Johnsons main office in Longmont, Colorado. The beau monde was considered as one of the greatest disk drive manufacturers in the 1980s. With the rapid growth in the IT industry, their increase was selling uniform hotcakes in the market, allowing the community to increase its gross sales from $81,000 in 1981 to $77 million in 1983. It became a publically traded friendship in 1983 and was deemed as one of the gamely traded and recommended stock(a) by rampart Street. Shortly after becoming public, Miniscribe began to nonplus monetary losses. in that respect were speculations that the family was experiencing difficulties in specie shine and inventories. The company engage QT Wiles, a well- accreditn turnaround specializer to serve as Miniscribes Chief Executive incumbe nt and chairman of the board, thus, his main business was to help correct the associations financial position. It was during his leading that Miniscribe introduced several new ingathering lines in the market which was slackly accepted and led to high sales record for Miniscribe. Still, dialogue around the industry claims that cash electric current and inventories were motionless a problem.

To verify this rumour, an investigation was conducted to know its real financial disposition. Thorough analysis of the companys positivity and liquid using the unaudited financial statement in the year 1998 was made. The companys statement of cash flow was examined! to determine if the company has still enough cash to widen its operation. Identification of the unfalterings strengths, weakness, opportunities and threats together with its financial ratios much(prenominal) as the liquidity, efficiency and profitability was computed and analysed. Moreover, MiniScribes stock equipment casualty highs and lows were also evaluated. A noted downward trend was observe in its ratios specifically in its liquidity and current ratio for the...If you want to get a full essay, order it on our website: BestEssayCheap.com

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