Assume the position of Jenny Chen and prepare a report (Format given) that analyses the financial condition of HPT(High Performance Tire) and makes recommendations for the future. Specifically, the report should cover qualitative & quantitative analysis of liquidity, asset management, long-term debt ability and profitability. A final recommendation section should discuss what Jane Wallace should do to address the problems at HPT and what might be done in the longer term relating to the management of the company.

mimuses Far mare eamylieared mavosanee wark, like hine-pes and slignnenes, HH/s s medhanics had a ropulatin in tho cocumunily vi no, being highly quallied. There had boen a number of cases that received extenese curctuge in the lecal press, where HPT medanies had made mistakes that enused majer eamuge to tix velicles they were wodking cn. Insiezd of admitting they were 2t fault and leeping publit relations wdilienal sores were added in Revelstuke, Golden. Chase, Wallizms Lake and Salmon Ann. Dy early 205, all outlets wore undentilized. Canadian Tire, as Well so local servio stations wirh srong ties to the connmunizy, losered their peices and improved their customer senvice and praved o be fonnidable compritions Prier w 2001 , HPT Lid.'S werkionce was composed of a number ol experienced tirs prolessiunsals who had heen with the company for years. When Walliam Wallace took over openations, he decided to try to snd were replaced hy yaunger, less experiesced staft with mols poorer cusormer serviec stills The tire staff did became 'Loungrier." hut the more aggressive postices alienated many cusomers. In arder to increns: guns; ponfiss, HPI begas laying mare no-name tive from averseae auppliers. These A new accounting system was gurchased in 2002 in onter ta better autamate the geneml reominting. billig, inventory and payroll functions of the campany. The low-cnst vendar was selected to s2ve cash to belo fland the chaiskon. This vendor provided wery poor saftwere insallabon and training and than went bonkrup. ICPT's cluriaal stalT struggled wilh the new sysem and mullers wres made wone by high fuse." \& loc of avertime had been used to clear the backlag af clerical wodk, nile custnmers saift and nepplier; were hecanieg alienated over delays and enors. dawing toa moxh fram the compemy to fund the construction of a new hame and op purchase a nea luxury war. Page 3 98068024 FINANCIAL. STATEMENTS mimuses Far mare eamylieared mavosanee wark, like hine-pes and slignnenes, HH/s s medhanics had a ropulatin in tho cocumunily vi no, being highly quallied. There had boen a number of cases that received extenese curctuge in the lecal press, where HPT medanies had made mistakes that enused majer eamuge to tix velicles they were wodking cn. Insiezd of admitting they were 2t fault and leeping publit relations wdilienal sores were added in Revelstuke, Golden. Chase, Wallizms Lake and Salmon Ann. Dy early 205, all outlets wore undentilized. Canadian Tire, as Well so local servio stations wirh srong ties to the connmunizy, losered their peices and improved their customer senvice and praved o be fonnidable compritions Prier w 2001 , HPT Lid.'S werkionce was composed of a number ol experienced tirs prolessiunsals who had heen with the company for years. When Walliam Wallace took over openations, he decided to try to snd were replaced hy yaunger, less experiesced staft with mols poorer cusormer serviec stills The tire staff did became 'Loungrier." hut the more aggressive postices alienated many cusomers. In arder to increns: guns; ponfiss, HPI begas laying mare no-name tive from averseae auppliers. These A new accounting system was gurchased in 2002 in onter ta better autamate the geneml reominting. billig, inventory and payroll functions of the campany. The low-cnst vendar was selected to s2ve cash to belo fland the chaiskon. This vendor provided wery poor saftwere insallabon and training and than went bonkrup. ICPT's cluriaal stalT struggled wilh the new sysem and mullers wres made wone by high fuse." \& loc of avertime had been used to clear the backlag af clerical wodk, nile custnmers saift and nepplier; were hecanieg alienated over delays and enors. dawing toa moxh fram the compemy to fund the construction of a new hame and op purchase a nea luxury war. Page 3 98068024 FINANCIAL. STATEMENTS