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

Annual report - Essay Example In effect, the expose elucidates the company’s 2010 report using economic principles leant in class. Joseph Oriel Eaton and Viggo Torbensen established a small machine shop in Bloomfield, New Jersey in 1911. The shop manufactured heavy-duty truck axles supplying them to the expanding automotive industry. In 1917 however, by which time production had soared to 33,000, Eaton sold the company to Republic Motor Truck Co., the largest truck maker in the country. Eaton appeared 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 Depression by acquiring several companies that were approaching bankruptcy. By the late 1930s, President Roosevelts New Deal program 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 United States engagement in World War II made Eaton the primary manufacturer of vehicle pa rts. In effect, the company produced a variety of items making its contributions to the war effort. Currently, Eaton Corporation is a diversified power management 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 company’s operations (Eaton). In the year 2010, Eaton Corporation made sales worth $11.9 billion. Further, the net income attributable to the company’s common shareholders was valued at $929 million. The company’s 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’