COMPANY’S GENERAL BACKGROUND
The Boeing Company is the world’s largest aircraft manufacturer, headquartered in Chicago, Illinois, and with its largest facilities in Everett, Washington. The number of employees working at Boeing during a census in 2005 accounts for 152,091.
Boeing's two principal divisions are Boeing Integrated Defense Systems (IDS), responsible for military and space products, and Boeing Commercial Airplanes (BCA), responsible for civil airliners. Boeing is also the biggest civil aircraft manufacturer in terms of value. The company is currently presided by CEO and executive chairman Jim McNerney.
The company was founded in Seattle by William E. Boeing on July 15, 1916, together with George Conrad Westervelt, a U.S. Navy engineer, and was named "B&W" after their initials.
In 1958, Boeing began delivery of its B707, the United States' first commercial jet airliner, in response to the British De Havilland Comet, French Sud Caravelle and Soviet Tupolev Tu-104; which were the world's first generation of commercial jet aircraft.
In recent years Boeing has faced an increasingly competitive Airbus, which offers some commonality between models and the latest fly-by-wire technology. From the 1970s Airbus has increased its family of aircraft to the point where they can now offer an aircraft in almost every class Boeing does.
Part II (Consolidated Financial Accounts)
a) Current Assets:
1. Accounts receivable: We can measure the average collection period (“day’s sale outstanding”) by dividing accounts receivable by average daily sales, so that we can find the number of day’s sales that are tied up in receivables. At Boeing the ratio for 2005 is: 5,246/(54,845 divided by 365 days) = 3 ...