Week 6 Dropbox Activity Benchmarking Performance Benchmarking is the continuous measuring of products, services, processes, activities, and practices against a firm's best competitors or those companies recognized as industry leaders By benchmarking suppliers against industry leaders you can identify areas for supplier improvement. The following is financial information for Tech Talk, of a manufacturer of components for cell phones Tech Talk Balance Sheet (CDN $ in thousands) For Period Ending December 31, 2011 ASSETS Cash Marketable Securities Accounts receivable Inventories $100.1 $130.7 $900 $900 $2030.8 $800 $400 $1200 $1300 $4530.8 Total current assets Investment at equity Goodwill Total investments and other assets Property, plant, and equipment TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Notes Payable Accounts Pavable Taxes due on income Accrued payroll and employee Benefits $501.3 $526.3 $236 Total current liabilities Long-term debt Shareholder's equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $466.3 $1,729.9 $1,034 $1766.9 $4530.8 Week 6 Dropbox Activity Benchmarking Performance Benchmarking is the continuous measuring of products, services, processes, activities, and practices against a firm's best competitors or those companies recognized as industry leaders By benchmarking suppliers against industry leaders you can identify areas for supplier improvement. The following is financial information for Tech Talk, of a manufacturer of components for cell phones Tech Talk Balance Sheet (CDN $ in thousands) For Period Ending December 31, 2011 ASSETS Cash Marketable Securities Accounts receivable Inventories $100.1 $130.7 $900 $900 $2030.8 $800 $400 $1200 $1300 $4530.8 Total current assets Investment at equity Goodwill Total investments and other assets Property, plant, and equipment TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Notes Payable Accounts Pavable Taxes due on income Accrued payroll and employee Benefits $501.3 $526.3 $236 Total current liabilities Long-term debt Shareholder's equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $466.3 $1,729.9 $1,034 $1766.9 $4530.8