Silver Ships Case Study

6809 words 28 pages
Memorandum

Date: To: From: Subject:

April 22, 2011 Esteemed GBA490 Students Your Benevolent Professors 4-Hour Case

As a new hire of Silver Ships, you have been asked to prepare an industry and company analysis for Mr. Mike McCarty, owner of Silver Ships. Your report should also provide specific recommendations with brilliant justifications based on your industry and competitive analysis.

Rev. Confirming Pages g

Silver Ships’ Strategy in the Military and Workboat Industry

CASE 14

David L. Turnipseed
University of South Alabama s Mike McCarty walked through the Silver Ships shipyard monitoring the production of several aluminum hull boats in various stages of production, he began to think “What now?” He had seen his
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Ambar was dissatisfied with the subcontract builders for their SOLAS boats, and discussions eventually led to

tho12729_case14_C213-C225.indd C-214

16/12/10 11:24 AM

Rev. Confirming Pages

Case 14

Silver Ships’ Strategy in the Military and Workboat Industry

C-215

Exhibit 2

Silver Ships’ Statements of Income, 2006–2009
2009 2008 $10,808,531 2,088,119 5,453,081 545,559 8,086,759 2,721,772 486,581 206,019 237,610 133,496 308,445 41,040 51,107 611,627 2,075,925 645,847 27,448 673,295 210,026 $ 463,269 2007 $5,869,027 1,110,476 2,822,216 273,840 4,206,532 1,662,495 411,356 132,655 132,655 109,572 189,849 41,688 21,235 369,218 1,408,228 254,267 39,392 293,659 29,943 $ 263,716 2006 $5,705,890 948,472 2,297,718 236,470 3,482,660 2,223,230 481,221 109,785 109,785 80,712 157,295 41,040 51,828 336,988 1,368,654 854,576 21,845 876,421 325,460 $ 550,961

Net sales Cost of goods sold Direct labor Direct materials Other direct costs Total cost of goods sold Gross profit Operating expenses Salaries and wages Payroll taxes Employee benefits Amortization and depreciation expense Insurance Rents Repairs and maintenance Other operating expenses Total operating expenses Income from operations Other income (expense) Income before income taxes Provision for income taxes Net income
Source: Silver Ships Incorporated.

$10,974,028 2,088,548 5,229,520 483,725 7,801,793 3,172,235 626,871 190,997 257,908 242,261 219,201 63,042 39,518 493,048 2,132,846

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