6.
Inventories and the Bottom Line
Use resources available on the internet (e.g., Yahoo! Finance. (n.d.). http://finance.yahoo.com/) to access the annual reports (financial statements and balance sheets) of one of your favorite listed companies to:
Extract their latest total revenue, cost of revenue, total assets, and year-end or average inventory.
Use these numbers to prepare their inventory/total revenue ratio, inventory/total assets ratio, and the inventory turnover ratio.
Comment on how they performed based on these ratios. (Hint: See Tables 7.1 and 7.2.)
JOURNAL DETAILS
Based on your readings in this unit, answer the following questions, with explanations (do not simply name concepts and move on):
1) Among the concepts you have learned, which do you think is most useful to you or your organization?
2) Which concept(s) caused the most confusion in this unit?
3) Which concept(s) did you wish went into further detail, either because you are interested or because it’s too complex for the coverage it received?
7.
Quality and Deming
Study the 14 points by Deming.
Which of the 14 points is most critical for your organization? Explain.
Some of Deming’s points are controversial and may even backfire under some conditions. Which of the 14 points is most inapplicable to your organization? Why?
JOURNAL DETAILS
Based on your readings in this unit, answer the following questions, with explanations (do not simply name concepts and move on):
1) Among the concepts you have learned, which do you think is most useful to you or your organization?
2) Which concept(s) caused the most confusion in this unit?
3) Which concept(s) did you wish went into further detail, either because you are interested or because it’s too complex for the coverage it received?
