Safety Products, Inc.: A case in financial analysis of a failing company

James P. Jennings and Eleanor G. Henry

Journal of Accounting Education, 2008, vol. 26, issue 1, 34-53

Abstract: Safety Products, Inc. was a small, private corporation that manufactured acrylic sheet plastic. After a massive fire, the company filed a claim against its business interruption insurance for lost income. The policy covered profits that would have been earned, based on Safety’s financial records, had the disaster not occurred. The insurance company denied the claim on the grounds that Safety Products was not a going concern, and, therefore, there were no lost earnings.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joaced:v:26:y:2008:i:1:p:34-53

DOI: 10.1016/j.jaccedu.2007.07.005

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