FIN 486 Week 3, Individual Assignment - Long Term Financial Needs

Apr 24th, 2015
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FIN 486 Week 3, Individual Assignment - Long Term Financial Needs

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Long-Term Financial NeedsFIN 486 Strategic Financial ManagementNameDateInstructor Long-Term Financial NeedsGiven recent changes in the economy and the needs for the consumers, Huffman Trucking would like to take this address the direction that the company is heading in. The company continued to grow from great logistics and acquisitions. Five eastern regional carriers were acquired by Huffman trucking and this has enabled the company to become more diverse and better serve its clients. The mission of the company moving forward is to be a profitable, adaptive company in an intensively competitive logistical services business environment.Huffman Trucking has some key initiatives that can integrate the new direction in the strategic planning as well as differentiate it from their competitors. These initiatives were developed based upon extensive marketing research regarding customer needs and growth opportunities as well as looking at the financial report for the previous year.Huffman TruckingBalance Sheet(Unaudited)December 31st20062005(In Thousands)AssetsCurrent AssetsCash & Cash Equivalents$51,993$38,893Accounts Receivable56,29257,441Prepaid Expenses & Supplies3,4433,343Total Current Assets$111,728$99,677Carrier Operating Property (at cost)$73,024$70,957Less: Allowance for Depreciation(57,536)(55,477)Net Carrier Operating Property$15,488$15,480Assets of Discontinued Operations16,19218,891Good

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