Running head: GROWLIFE INC.

COMMON-SIZE STATEMENT

Growlife, Inc. (PHOT) Balance Sheet Common-Size Statement

Joel Roman
Fin/571
January 7, 2015
Sheri Wang

GROWLIFE INC. COMMON-SIZE STATEMENT

Growlife, Inc. (PHOT) Balance Sheet Common-Size Statement

Growlife, Inc. is a publicly traded company that trades under PHOT. Growlife Inc. is a
relatively new company; it was established in 2012in California. This company manufacture and
markets hydroponic equipment for medical and recreational marijuana industry. This company
is in a booming industry; with many states legalizing marijuana this company can be the leader
in manufacturing world-class hydroponic equipment and set the standard for other who want to
enter the market ("Phot Growlife ", December 2013).
Growlife, Inc. is a worldwide organization known as a leader in indoor cultivation, providing
world-class hydroponic equipment, lighting, nutrients, media, and other farming supplies to
commercial and urban operations. A common-size statement will help Growlife compare other
firms that are not the same size. A common size statement shows the data in percentages. This
information is necessary, For example, if an investor or shareholders want to know how the
company is doing it can compare one year to another and get the information he or she needs.
Growlife, Inc. common-size statement is from Dec-2013 current year and the Dec-2012
previous year the report indicates that the company has a lot of liabilities. In December 2013 the
percentage from Current Total Asset 58.75% and for 2012 the percentage of current total asset is
36.88% this mean that the company total current asset increase by 21.87% from the previous
year. Liabilities also increase by 75.18% in 2013 compared to 2012 liabilities were 126.33% and
in 2013 liabilities, were 201.51% this can be due to the downturn economy. Total owners equity
was higher in 2013 than 2012. Although this company financial statement may show that the
enterprise has many liabilities it stock prices, are in green ("Phot Growlife ", December 2013).
In conclusion, this company is fairly young company in a booming industry; with many
states legalizing marijuana there and opportunity that this company may set the standard for

GROWLIFE INC. COMMON-SIZE STATEMENT

other industry who want to enter the market. This is why a common-size statement will help
Growlife compare other firms that are not the same size. A common size statement shows the
data in percentages.

GROWLIFE INC. COMMON-SIZE STATEMENT

("Phot Growlife ", December 2013).

GROWLIFE INC. COMMON-SIZE STATEMENT

References
PHOT GrowLife. (December 2013). Retrieved from http://http//www.yahoofinance .com
COMMON-SIZE. (2014). Retrieved from http://http//ultimate calculator.com