1. Callaway
A summary of the key financial ratios is then presented in Appendix B. ... In summary, the company's sales have dropped off over the past two years with disproportionate increases in R&D, COGS and SG&A expenses. ... For a detailed summary of these criteria, see Appendix E. 4. ... • If CGC does produce a differentiated club, they are invariably left with a large amount of inventory which they must dump quickly and unprofitably, which they did in 1999. Long-term Growth • With the USGA placing restrictions on the technology that they can introduce, CG...
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- Approx Pages: 11