Financial Analysis of CanGo - 1656 Words

The company of CanGo lack in many areas that prevents it from being a successful business in the future. Many problems can be found between its managers and employees. It is imperative for CanGo to better understand its company by making wiser business decisions in the future. One important recommendation for CanGo is to adopt a mission and vision statement. By creating a mission and vision statement, CanGo will have something to look forward to in the future. The mission and vision statement will narrow the focus of CanGo and enable it to choose only the path that best fits the company. Up to this point, CanGo has made decisions without thinking how these decisions will affect the company in the long run. However, if CanGo adopts a mission and vision statement, their standing would improve among its competitors since everyone would be on one accord with what the company is set out to achieve and accomplish. In this paper, I will provide a financial analysis of CanGo. Later, I will p rovide strategic recommendations that will guarantee a brighter future for CanGo. CanGo has experienced many financial problems due to poor decision making. For example, in 2009, CanGo used proceeds from IPO, better known as initial public offering, to buy an online gaming company. This was a poor investment based on two reasons. First of all, it can be very difficult to predict how a stock will fare off on its first day of trading versus upcoming days in the future. Second, initial publicShow MoreRelatedCango Week 3 Financial Analysis803 Words   |  4 Pagesour initial analysis last week, NewGen had the opportunity to review CanGo’s financial statement. The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns. NewGen leveraged our knowledge of Investment rations, breaking our analysis down into four (4) key areas, efficiency, financial leverage, liquidi ty and profitability. Attached you will find our financial analysis summary matrixRead MoreFinancial Analysis1076 Words   |  5 PagesCango Financial CanGo Financial Analysis Report The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns for its shareholders. This is made possible if the business is able to maximize on available opportunities and very efficiently and effectively use the resources it has to create maximum value for all involved stakeholders. One way the performance of a company can be measuredRead MoreCango: Strategic Management and Swot Analysis1501 Words   |  7 Pageshave taken place here at CanGo. For the short time I have been observing I have learned that CanGo is a small company but is one of the fastest growing companies around. During the meetings none of the staff members talked about the effects that online gaming would have. Furthermore, staff didn’t ask opinions on the online gaming topic they also didn’t speak about price of stock or how it contribute to the overall strategy. Some employees would like to see some firm financial projections before implementingRead MoreCanGo Online Gaming Industry673 Words   |  3 PagesThe largest factor which must be examined in regards to CanGo entering the online gaming industry is the probability of success, which is measured by profit. Upper management must consider many financial factors that will be imperative to the overall success of the company. In order to implement the new sector into the company auspiciously, expenses in relation to human resources, supply and logistics management, marketing, and the procurement and deployment of new and existing technology/methodologiesRead MoreWeek 6 Analysis1373 Words   |  6 Pagesthat the CanGo executives would like to see the company grow. While there are many ideas that have been presented that would elevate the company and give it a greater presence, there are also many consequences to consider when embarking on new opportunities. CanGo must decide if the benefit of the opportunity cost is greater than the economic trade-off. One evident factor that is prohibiting CanGo’s expansion is lack of financial resources. With its deficiency in working capital, CanGo must nowRead MoreCango Week 2 Video Analysis by Team a Essay1467 Words   |  6 PagesCanGo Video Analysis- Week 2 The Innovative A’s Consulting Group is glad to run our analysis on your company’s operational process. Your company has done tremendous progress and indeed it is a recommendable success as it started out small and grew to be one of the leading businesses in the industry. In our analysis over the past two weeks, we observed that, if planned well, CanGo has a promising future ahead. Our team came up with certain issues being faced by your company, which we assume, ifRead MoreCango Analysis999 Words   |  4 Pages|Cango | |Analysis Report | |Individual | | Read MoreCango Financial Ananlysis Essay1076 Words   |  5 PagesFinancial analysis of CanGo CanGo has been growing rapidly ever since its formation. It experienced a greater than expected growth in revenues. However, the company is faced with some financial difficulties and so there is a need to take certain financial decisions. Also, it faces problems of controlling logistics related to growth. Rapid growth seems to be a blessing. However, it depends on the company’s ability how they deal with it. The holiday season of 2009 showed the company’s inability toRead MoreCango Financial1127 Words   |  5 PagesCanGo Financial Analysis Report The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns for its shareholders. This is made possible if the business is able to maximize on available opportunities and very efficiently and effectively use the resources it has to create maximum value for all involved stakeholders. One way the performance of a company can be measured on critical areasRead MoreCango Week 2 Analysis Report Essay2763 Words   |  12 PagesCanGo Week Two Analysis Report DeVry University Bus460 Senior Project Instructor David Mozinski Introduction The Grad Consultants have spent the last two weeks observing CanGo and their business practices to help them determine the weaknesses within their organization. We will use our knowledge and experience to provide suggestions for improvement that will have a positive impact not only on CanGo’s bottom line but also on the morale of all those