Financial Reporting and Analysis Discussion Board 2

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Financial Reporting and Analysis Discussion Board 2

The Charter Company

In the "Charter Company," C. Norgaad and R. Kochanek reports and analyses the financial performance of the Charter Company. Despite being a consolidation of different businesses, the corporation’s dealt primarily with equity investment and petroleum production. Norgaad and Kochanek (1983) determined that in 1983, effective corporate processes enhanced the Charter Company’s growth, leading to Fortune magazine listing it among the dominant industrial companies in the US after its total revenues reached $5.7 billion.

However, despite an increase in the global consumption of petroleum products, the Charter Company returns declined from 1980 to 1983. According to Norgaad and Kochanek (1983), the termination of operations in 1981 limited the firm’s profitability. In the final half of 1983,...