he condensed balance sheet and income statement data for Symbiosis Corporation are presented below. SYMBIOSIS CORPORATION Balance Sheets December 31 2014 2013 2012 Cash $ 30,000 $ 24,000 $ 20,000 Accounts receivable (net) 110,000 48,000 48,000 Other current assets 80,000 78,000 62,000 Investments 90,000 70,000 50,000 Plant and equipment (net) 503,000 400,000 360,000 $813,000 $620,000 $540,000 Current liabilities $ 98,000 $ 75,000 $ 70,000 Long-term debt 130,000 75,000 65,000 Common stock, $10 par 400,000 340,000 300,000 Retained earnings 185,000 130,000 105,000 $813,000 $620,000 $540,000 SYMBIOSIS CORPORATION Income Statements For the Years Ended December 31 2014 2013 Sales revenue $800,000 $750,000 Less: Sales returns and allowances 40,000 50,000 Net sales 760,000 700,000 Cost of goods sold 420,000 406,000 Gross profit 340,000 294,000 Operating expenses (including income taxes) 230,000 209,000 Net income $110,000 $ 85,000 Additional information: 1. The market price of Symbiosis common stock was $5.00, $3.50, and $2.80 for 2012, 2013, and 2014, respectively. 2. You must compute dividends paid. All dividends were paid in cash. Please give Horizontal and Vertical Analysis
he condensed
Corporation are presented below.
SYMBIOSIS CORPORATION
Balance Sheets
December 31
2014 2013 2012
Cash $ 30,000 $ 24,000 $ 20,000
Accounts receivable (net) 110,000 48,000 48,000
Other current assets 80,000 78,000 62,000
Investments 90,000 70,000 50,000
Plant and equipment (net) 503,000 400,000 360,000
$813,000 $620,000 $540,000
Current liabilities $ 98,000 $ 75,000 $ 70,000
Long-term debt 130,000 75,000 65,000
Common stock, $10 par 400,000 340,000 300,000
Retained earnings 185,000 130,000 105,000
$813,000 $620,000 $540,000
SYMBIOSIS CORPORATION
Income Statements
For the Years Ended December 31
2014 2013
Sales revenue $800,000 $750,000
Less: Sales returns and allowances 40,000 50,000
Net sales 760,000 700,000
Cost of goods sold 420,000 406,000
Gross profit 340,000 294,000
Operating expenses (including income taxes) 230,000 209,000
Net income $110,000 $ 85,000
Additional information:
1. The market price of Symbiosis common stock was $5.00, $3.50, and $2.80 for
2012, 2013, and 2014, respectively.
2. You must compute dividends paid. All dividends were paid in cash.
Please give Horizontal and Vertical Analysis
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