Cooper Results Have Implications on Goodyear
Cooper’s recent 2005 results may have shown full-year losses, but they also show that the company’s inventories would have been $125.6 million (41 per cent) higher “had they used FIFO instead of LIFO.” The results have implications on the way other company’s results are interpreted. “As a result, we would expect a substantial earnings impact from raw material cost inflation in the quarters ahead,” Deutsche Bank analysts said referring to Goodyear.