You will submit a spreadsheet containing your horizontal and vertical analysis (and your ratios).

Directions:

Select to work on EITHER Polaris or Arctic Cat. Depending on which you choose, access the firm's financial statements for fiscal years ending after December 31, 2014, from the firm's website (Polaris.com & Arcticcat.com) or the SEC database (www.sec.gov).Use the most current 10K statements available onSEC(Links to an external site.)

or annual statements inYahoo Finance(Links to an external site.)

.Complete the following for your chosen firm (Polaris or Artic Cat) in an Excel spreadsheet:

1. Horizontal and vertical analysis of the income statements for the past two years (all yearly balances set as a percentage of total revenues for that year) for both firms.
2. Horizontal and vertical analysis of the balance sheets for the past two years (all yearly balances set as a percentage of total assets for that year) for both firms.
3. Ratio analysis (eight ratios of your choosing) for the past two years PLUS a measurement for the creditworthiness of both firms as measured by Altman's Z-score.

Your instructorsuggests that you start your ratio analysis with the four ratios found in the DuPont equation.