Annual report Essay Example | Topics and Well Written Essays - 500 words

yearly report - Essay ExampleIn effect, the expose elucidates the companys 2010 report using economic principles leant in class.Joseph Oriel Eaton and Viggo Torbensen established a small machine shop in Bloomfield, New island of Jersey in 1911. The shop manufactured heavy-duty truck axles supplying them to the expanding automotive industry. In 1917 however, by which era production had soared to 33,000, Eaton sold the company to Republic repulse Truck Co., the largest truck maker in the country. Eaton appeared once again in the industry in 1922 by buying back his original company from Republic Motor Truck Co. In this regard, the company became Eaton Axle and Spring Co. one year later. Efficaciously, the company weathered the Great notion by acquiring several companies that were approaching bankruptcy. By the late 1930s, President Roosevelts New Deal platform stimulated industrial growth. In effect, demand for products from Eaton Manufacturing Company--a name change registered in May 1932--increased slowly and steadily. Moreover, the get together States engagement in World War II made Eaton the primary manufacturer of vehicle parts. In effect, the company produced a variety of items making its contributions to the war effort. Currently, Eaton Corporation is a diversified power circumspection company with a workforce of over 70,000 people. In addition, the country operates in more than 50 countries and sells its products to almost 150 countries. This year marks a hundred years of the companys operations (Eaton).In the year 2010, Eaton Corporation made sales worth $11.9 cardinal. Further, the net income attributable to the companys car park shareholders was valued at $929 million. The companys total assets were $ 17.252 billion. On the other hand, the total current liabilities $3.233 billion while the total non-current liabilities $6.616 billion in effect, the total liabilities were valued at $9,849 billion. Moreover, Eaton shareholders