Question
In: Operations Management
Company: Steel Dynamics Inc. 5. What were total sales in each division in 2016? 6. List...
Company: Steel Dynamics Inc.
5. What were total sales in each division in 2016?
6. List in detail 2016 acquisitions.
7. What is the current stock price per share? (include date retrieved) What is the yield?
Solutions
Expert Solution
The company was founded in 1993. it is one of the largest domestic steel producer and metal recyclers based in Fort Wayne, Indiana. It has over 7,700 employees and manufacturing facilities located throughout US that includes 8 steel processing facilities, 6 steel mills, 2 iron production facilties and 6 steel fabrication plants.
TOTAL SALES IN 2016
Steel operations segment: $5,870,924. (8% increase)
Metal Recycling Operations segment: $2,171,877. (7% decrease)
Steel Fabrications Operations segment: $703,522. (4% increase)
Other: $276,912. (12% decrease)
2016 Acquisition:
The company has acquired Vulcan Threaded products, Inc. on August 1, 2016. The acquisition price was $114 millionon a debt free, cash free basis. Vulcan is based in Alabama, is the largest supplier of threaded rod products , and produces cold drawn and heat treasted bar. There are appoximately 225 people working and it shipped around 89,000 tons during last year. The acquisition presented a step forward to the growt objective of pursuing higher margin downstrean business opportunities that utilizes the product of SDI in their manufacturing process. The purpose is to: reduce volatility during strong and weak market cycles.
Current stock price per share: $43.48 retrieved at Apr 6, 2018 4:27 p.m. EDT. the After hours show $43.70. (NASDAQ)
The yield is 1.72%.
keosha answered 1 year agoRelated Solutions
West Company operates two divisions (Division A and Division B). TOTAL company sales = $500,000. Division...
West Company operates two divisions (Division A and Division B).
TOTAL company sales = $500,000. Division A sales represent 40% of
the total. Also, Division B reports the following information:
Contribution margin = 45.0%; Traceable AND controllable fixed
expenses = $68,000; and segment margin = 8.0%. Required: Compute
Traceable NOT Controllable fixed expenses for Division B
At year-end 2016, total assets for Arrington Inc. were $1.5 million and accounts payable were $305,000....
At year-end 2016, total assets for Arrington Inc. were $1.5
million and accounts payable were $305,000. Sales, which in 2016
were $2.1 million, are expected to increase by 30% in 2017. Total
assets and accounts payable are proportional to sales, and that
relationship will be maintained; that is, they will grow at the
same rate as sales. Arrington typically uses no current liabilities
other than accounts payable. Common stock amounted to $365,000 in
2016, and retained earnings were $320,000. Arrington...
At year-end 2016, total assets for Arrington Inc. were $2 million and accounts payable were $430,000....
At year-end 2016, total assets for Arrington Inc. were $2
million and accounts payable were $430,000. Sales, which in 2016
were $2.6 million, are expected to increase by 15% in 2017. Total
assets and accounts payable are proportional to sales, and that
relationship will be maintained; that is, they will grow at the
same rate as sales. Arrington typically uses no current liabilities
other than accounts payable. Common stock amounted to $390,000 in
2016, and retained earnings were $230,000. Arrington...
1. At year-end 2016, total assets for Arrington Inc. were $1.6 million and accounts payable were...
1. At year-end 2016, total assets for Arrington Inc. were $1.6
million and accounts payable were $365,000. Sales, which in 2016
were $2.6 million, are expected to increase by 30% in 2017. Total
assets and accounts payable are proportional to sales, and that
relationship will be maintained; that is, they will grow at the
same rate as sales. Arrington typically uses no current liabilities
other than accounts payable. Common stock amounted to $410,000 in
2016, and retained earnings were $255,000....
At year-end 2016, total assets for Arrington Inc. were $1.8 million and accounts payable were $335,000....
At year-end 2016, total assets for Arrington Inc. were $1.8
million and accounts payable were $335,000. Sales, which in 2016
were $2.2 million, are expected to increase by 20% in 2017. Total
assets and accounts payable are proportional to sales, and that
relationship will be maintained; that is, they will grow at the
same rate as sales. Arrington typically uses no current liabilities
other than accounts payable. Common stock amounted to $380,000 in
2016, and retained earnings were $225,000. Arrington...
Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million in...
Carlsbad Corporation's sales are expected to increase from $5
million in 2016 to $6 million in 2017, or by 20%. Its assets
totaled $2 million at the end of 2016. Carlsbad is at full
capacity, so its assets must grow in proportion to projected sales.
At the end of 2016, current liabilities are $1 million, consisting
of $250,000 of accounts payable, $500,000 of notes payable, and
$250,000 of accrued liabilities. Its profit margin is forecasted to
be 5%, and the...
Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million in...
Carlsbad Corporation's sales are expected to increase from $5
million in 2016 to $6 million in 2017, or by 20%. Its assets
totaled $4 million at the end of 2016. Carlsbad is at full
capacity, so its assets must grow in proportion to projected sales.
At the end of 2016, current liabilities are $1 million, consisting
of $250,000 of accounts payable, $500,000 of notes payable, and
$250,000 of accrued liabilities. Its profit margin is forecasted to
be 5%. Assume that...
Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million in...
Carlsbad Corporation's sales are expected to increase from $5
million in 2016 to $6 million in 2017, or by 20%. Its assets
totaled $4 million at the end of 2016. Carlsbad is at full
capacity, so its assets must grow in proportion to projected sales.
At the end of 2016, current liabilities are $1 million, consisting
of $250,000 of accounts payable, $500,000 of notes payable, and
$250,000 of accrued liabilities. Its profit margin is forecasted to
be 5%, and the...
Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million in...
Carlsbad Corporation's sales are expected to increase from $5
million in 2016 to $6 million in 2017, or by 20%. Its assets
totaled $4 million at the end of 2016. Carlsbad is at full
capacity, so its assets must grow in proportion to projected sales.
At the end of 2016, current liabilities are $1 million, consisting
of $250,000 of accounts payable, $500,000 of notes payable, and
$250,000 of accrued liabilities. Its profit margin is forecasted to
be 7%.
sume that...
Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million in...
Carlsbad Corporation's sales are expected to increase from $5
million in 2016 to $6 million in 2017, or by 20%. Its assets
totaled $5 million at the end of 2016. Carlsbad is at full
capacity, so its assets must grow in proportion to projected sales.
At the end of 2016, current liabilities are $1 million, consisting
of $250,000 of accounts payable, $500,000 of notes payable, and
$250,000 of accrued liabilities. Its profit margin is forecasted to
be 5%, and the...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- A conductive sphere with radius ? = 1 ? has been increased to the potential ?0...
- Define a char variable. Read a char value from the keyboard into the variable. Print the...
- If you wanted to store a birthday within code, what class would you use in Java?...
- Explain what is meant by the Theme Park internal and external business environment and use the...
- Description Write a program that prints out your name, the course ID of this class, what...
- A project has an initial cost of $65,475, expected net cash inflows of $12,000 per year...
- Make a program that lets the user enter a positive or negative integer as many times...
ADVERTISEMENT