Engineer
Riordan Manufacturing Financial State
Riordan Manufacturing Financial State
Week 6 Team B Assignment BSA/500
University of Phoenix
Table of Contents
I. Background
II. Riordan Manufacturing‘s Accounting System
A. Software Modules
B. Riordan Manufacturing Accounting System
III. Income Statement and Analysis
IV. Consolidated Balance Sheet and Analysis
V. Financial Ratios and Analysis
VI. Conclusion and References
I. Background
Riordan Manufacturing was founded by Dr. Riordan, a professor of chemistry who obtained several patents qualified to processing polymers into high tensile potency plastic substrates. Riordan Manufacturing is a worldwide plastics manufacturer. The company employs 550 people with probable earnings of $46 million. The company is completely owned by Riordan Industries, a Fortune 1000 enterprise with revenues in surplus of $1 billion.
The company products include plastic beverage containers produced at its plant in Albany, Georgia, custom plastic parts produced at its plant in Pontiac, Michigan, and plastic fan parts produced at its facilities I Hangzhou, China. The company’s research and development is done at the corporate headquarters in San Jose. Riordan’s major customers are automotive parts manufactures, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers.
II. Riordan Accounting System
Riordans accounting system consists of two parts. The first is the Software used to keep track of the financial data. The second system is primarily for the manufacturing operation and ties directly into the finances. The manufacturing operation at Riordan is dependent upon the combination of these two systems.
Riordan Accounting Software Modules
Riordan Manufacturing has the following...
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