Info

(3.1)

10.4)

(0.2)

Net Income

$42.4

$36.0

$28.5

$24.3

$32.7

Note: E 5 Estimated Exhibit i: Westfield, Inc.: Packaging Alternatives-Income Statement (dollars in millions)

Note: E 5 Estimated Exhibit i: Westfield, Inc.: Packaging Alternatives-Income Statement (dollars in millions)

turing costs; plant fixed costs; marketing, technical, and administrative costs (MTA); changes in working capital; and recovery of the initial capital outlay. Westfield used a straight-line depreciation period of eight years and allocated MTA as 5 percent of net sales. While MTA for most other companies was a fixed cost, it was considered variable by Westfield because of the company's exceptional growth rates. Accounts receivable and inventory averaged 25 days of sales and 50 days of sales, respectively.

Traditional Container Industry

The majority of the company's containers were made from a single type of material, one that was relatively easy and inexpensive to manufacture but that still met customers' needs. The containers were available in a wide range of sizes (circumferences measured in increments ofrs of an inch) and with a choice of closure, either rigid or flexible.

These containers were an outgrowth of tube manufacturing in the late 1800s when such tubes were used for gun powder, oatmeal, and salt. Container use

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