Financial Management: Core Concepts, Third Edition

Mini-Case Cranston Dispensers, Inc.: Part 2

These problems are available in MyFinanceLab.

In the Chapter 13 mini-case, you learned that Cranston Dispensers, Inc. manufactures specialized pump and spray containers for a variety of products in the cosmetics, household cleaning supplies, and pharmaceutical industries.

For most of 2013 and 2014, the price of Cranston’s shares was falling, while shares of other companies in the industry were rising. The CFO has charged Susan McNulty, the recently appointed treasurer, with diagnosing Cranston’s problems and improving the company’s financial performance relative to its competitors. She has already reviewed Cranston’s working capital management policies and will continue her analysis with a thorough ...