Financial Research – The Xerox 1 Financial Research Xerox Financial Fraud Case Analysis This paper was prepared for Auditing Procedures Financial Research – The Xerox Abstract On April 8th, 2002, the Xerox Corporation ("Xerox") announced its willingness to accept the U.S. Securities and Exchange Commission (SEC) to reach a settlement with the conditions. Thereafter, its financial fraud became surfaced. On June 28th, Xerox Corporation in accordance with the requirements of the settlement
pressures on Xerox Xerox Corporation operates in the technology industry which is essentially dynamic. Technological advances in the technology industry occur so often that companies need to innovate newer and better technological products in order for them to both compete and survive. Xerox has faced this pressure in the period of 2000 to 2010. The competitors including HP and Accenture among others are the main competitors who produce technological products that rival those of Xerox Corporation
At Xerox, sustainability is our way of doing business. We have aligned our goals for the environment and health and safety in five key areas to make an impact across our value chain worldwide. Together with our suppliers, customers, and stakeholders we strive to maintain the highest standards to preserve our environment and protect and enhance the health and safety of our employees and communities. The Xerox Environment, Health, Safety, and Sustainability (EHS&S) organization ensures company-wide
2, Analyzing When analyzing Xerox’s performance in the past, we choose to use the profitability, liquidity and the solvency. A. profitability 1.Return on Equity Net Income/Average Shareholder’s Equity 2014 992/((10709+12419)/2) 8.58% 2013 1179/((12419+11664)/2) 9.79% Comment ROE has decreased 121bps from 2013 to 2014, which means Xerox’s performance in using the resources provided by shareholders to generate net income is getting worse. 2. Return on Assets Net Income/ Average Total Assets 2014 992/((27658+29036)/2)
In the 2000s Xerox lost their competitive edge to lower cost copiers and developing technology. Xerox’s management decided to establish Anne Mulcahy as the new CEO in hopes of transforming Xerox into an industry leader as they were previously. Mulcahy worked her way up through the Xerox ranks through her leadership and communication skills; and as a result of her skills Xerox’s management believed she could transform Xerox back into an industry leader. A bureaucratic structure is hierarchical
formation of the XEROX-FUJI-XEROX joint venture Establishment of Fuji Xerox: Fuji Xerox was the result of a joint venture between the American company Xerox and the Japanese company Fuji. It is considered the most successful joint venture in history between an American and a Japanese company. It was established in 1962 based on 50:50 partnerships with Rank Xerox, which later became part of Xerox Corporation in 1997. Although it was formed to facilitate distribution of Rank Xerox products by acting
3, Comparison A, Compare to the industry: When compare Xerox’s performance with the Information Technology Services industry average performance, we choose some ratio to compare. Also, in order to understand clearly how Xerox performs in the whole market, we use the S&P 500 data as reference. 2014 2013 Industry Average Ratio in 2014 S&P 500 Profitability Return on Equity 8.58% 9.79% 14.57% 19.72% Profit Margin 18.76% 21.12% 10.30% 13.65% Asset Turnover Ratio 18.65% 18.91% 1.26 0.93 Liquidity Accounts
In this argument I will exhibit information pertaining to the history of Xerox. The environmental issues which challenged the organization, and how the organization overcame those issues. I will also argue that the quality management strategy implemented by Kearns the former CEO of Xerox is also applicable to other organizations. Critical information will also be conveyed on the Xerox organization subsequent condition to the resignation of Kearns. Augmenting further, an illustrative situation will
Victoria Sanders Vice President, Post Sales Commercial P.O.Box 11209, 72 Industrial Media Production Zone Dubai, United Arab Emirates Dear Victoria, Thank you for the time you and your colleagues spent discussing the urgent need to increase Xerox Emirates’ supplies and consumables sales after the dismal 2014 performance. After looking into the probable causes in the loss of revenue and giving your situation considerable thought, we have discovered the loss in revenue is due to improper inventory
CASE #1: Anne Mulcahy – Xerox CEO David Rieker Anne Mulcahy was an employee of Xerox for 24 years that she spent within Sales, Human Resources and served as the chief of staff for former CEO, Paul Allaire. At 47 years old, all of that changed when Mulcahy took over as the CEO of Xerox. She had an excellent reputation within the company but nobody, not even herself, had pinned her as the CEO type. Many companies still believe in the old adage, that the CEO has to be a strong willed male