The CEO acknowledged the draft 2008 financial statement for Strong Tie, producer of structural connectors used in the building industry.
Were profits holding up given the extreme price competition in the business? Were efforts to lower prices through more automation paying off? Where the present problems in the U.S. housing market going to continue to reduce demand for connectors? Would lenders respond to this poor performance? Was the company's lending in danger? After discussing the issue commonly with Strong Tie's CFO, it was decided an outside consultant should be hired to offer an independent analysis of the company's recent performance and to supply suggestions for future activity.
Strong Tie Ltd. case study solution
PUBLICATION DATE: February 03, 2012 PRODUCT #: W11712-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
