Telic Company Income statement for years ended march 31
|
2010
|
2009
|
|
Sales
|
370,000
|
350,00
|
|
Cost of goods sold
|
265,200
|
250,800
|
|
Gross margain
|
104,800
|
99,200
|
|
Operating expenses
|
79,000
|
78,200
|
|
Income before taxes
|
25,800
|
21,000
|
|
Income tax expense
|
7,740
|
6,300
|
|
Net income
|
18,060
|
14,700
|
Telic Company Statement of financial position march 31
|
2010
|
2009
|
|
Assets
|
|
|
|
Cash
|
20,800
|
19,400
|
|
Accounts receivable
|
38,200
|
37,600
|
|
inventory
|
25,300
|
22,700
|
|
Property, plant and equipment
|
178,700
|
169,300
|
|
Total assets
|
263,000
|
249,000
|
|
Liabilities and share holders equity
|
|
|
|
Accounts payable
|
24,200
|
29,500
|
|
Long-term liabilities
|
142,000
|
132,000
|
|
Shareholders equity
|
96,800
|
87,500
|
|
Total liabilities and share holders equity
|
$263,000
|
$249,000
|
Additional info:
common stock issued and outstanding: 50,000 shares
Market price of the stock: 3/31/2010, $23
Dividends paid: 2010, $10,000
Cash flows from operations: 2010,$9,560
Interest expense included in operating expense: 2010, $11,360
Question :
A) Prepare a vertical analysis for 2010 and 2009
B) Prepare a horizontal analysis for 2010
C) prepare a ratio analysis for 2010 in as much detail as possible