Posted by MarkB_MI on December 30, 2014 at 07:16:12 from (70.194.7.113):
In Reply to: Re: AGCO rant posted by Bob Bancroft on December 30, 2014 at 05:32:28:
I have a hard time believing a parts dealer with gross annual sales of $200K is profitable. Assuming their markup is 100 percent, that only leaves $100K net BEFORE EXPENSES. How many employees? How much do you figure they were spending on their building and utilities? Presumably they're paying interest on their inventory, which at 5% is $5K annually. Do you know for sure that Agco closed them down, rather than they decided to get out of the business? Maybe they weren't paying their Agco invoices in a timely fashion.
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