Perform a Horizontal Analysis & Vertical Analysis of the Financial Statements below:
1	Anders Corporation
	Balance Sheet
							2014
			2014	2013	Horizontal Analysis		Vertical Analysis
	Assets				$	%	%
	Cash		$30,000	$25,000
	Marketable securities		20,000	25,000
	Accounts receivable (net)		40,000	25,000
	Inventory		60,000	55,000
	Prepaid expenses		16,000	10,000
	Property, plant, and equipment		234,000	200,000
	Total assets		$400,000	$340,000
	Liabilities and Stockholders' Equity
	Current liabilities		$60,000	$50,000
	Long-term liabilities		100,000	90,000
	Stockholders' equity		240,000	200,000
	Total liabilities and stockholders' equity		$400,000	$340,000
	Anders Corporation
	Income Statement
	Net sales		$250,000	$150,000
	Cost of goods sold		120,000	80,000
	Gross margin		$130,000	$70,000
		Selling and administrative expenses	$16,000	$10,000
		Interest expense	8,000	5,000
		Income taxes expense	26,000	15,000
	Net income		$ 80,000	$ 40,000
Use the Financial Statements above to determine the following. Be sure to show your calculations.
2	What was the division’s profit margin for 2014?
3	What was the division’s accounts receivable turnover?
4	What was the division’s inventory turnover?
5	What was the division’s return on assets?
6	What was the division’s asset turnover?
7	What was the division’s current ratio?

Answer rating: 100% (QA)

ASSETS CASH 2014 S 2013 S HOROIZONTALHOROIZONTAL ANALYSIS 3 21 30000 25000 5000 MARKETAB... View the full answer