Professor Bob Sproule at the University of Waterloo has used MikesBikes Intro in his Introduction to Business Accounting course for the past 5 years. This class has a number of different sources of marks from the variety of activities. It is a course that introduces students to different subject areas such as marketing, ethics, and human resources.
Out of 299 teams, Bikes R Us with Nina Zhang, Wasiq Chughtai, Rishi Sritharan & Alex Manoukian were convincing winners posting a Shareholder Value (SHV) of $83.03.
With a successful strategy of producing high quality bikes, paying off debt, repurchasing shares and issuing dividends to their shareholders, Bikes R Us ran away from their competitors.
Bikes R Us increased their Gross Margin each year, which lead to an increase in cash for the Company. The ever growing amount of cash allowed them to implement their strategy of repurchasing shares and issuing dividends to their shareholders.
Congratulations from all of us at Smartsims.