Horizontal Analysis

Balance Sheet 2011 2010 Amount

Cash 567,426 286,206 281,220
Short Term Investments 317,367 203,098 114,269
Accounts Receivable 36,358 19,563 16,795
Inventory 1,856,140 1,457,671 398,469
Current Assets 2,959,417 2,107,704 851,713
Long Term Investments 1,051,084 796,908 254,176
Net Fixed Assets 1,027,910 776,542 251,368
Total Assets 4,010,501 2,904,612 1,105,889
Current Liabilities 2,366,350 1,710,480 655,870
Total Liabilities 2,412,097 1,754,611 657,486
Total Stockholders' Equity 1,148,488 900,499 247,989

Horizontal Analysis of Profit an

Income Statement 2011 2010 Amount

Revenue 7,711,452 6,189,135 1,522,317
Cost of Goods Sold -6,643,630 -5,413,928 -1,229,702
Interest Expense -128,489 -78,948 -49,541
Tax Expense -153,336 -106,267 -47,069
Income from Cont Operations 558,215 382,502 175,713
Net Income 276,390 197,287 79,103

Vertical Anaylsis
Balance Sheet 2011 2010 2011 Analysis
Cash 567,426 286,206 14%
Short Term Investments 317,367 203,098 13%
Accounts Receivable 36,358 19,563 1%
Inventory 1,856,140 1,457,671 46%
Current Assets 2,959,417 2,107,704 74%
Long Term Investments 1,051,084 796,908 26%
Net Fixed Assets 1,027,910 776,542 26%
Total Assets 4,010,501 2,904,612 100%
Current Liabilities 2,366,350 1,710,480 59%
Total Liabilities 2,412,097 1,754,611 60%
Total Stockholders' Equity 1,148,488 900,499 29%

Vertical Analysis of Income Sheet

Income Statement 2011 vertical Analysis 2010
Revenue 7,711,452 100% 6,189,135
Cost of Goods Sold -6,643,630 -86% -5,413,928
Interest Expense -128,489 -2% -78,948
Tax Expense -153,336 -2% -106,267
Income from Cont Operations 558,215 7% 382,502
Net Income 276,390 4% 197,287
 Horizontal Analysis
Percentage
98%
56%
86%
27%
40%
32%
32%
38%
38%
37%
28%

Horizontal Analysis of Profit and Loss Statement

Percentage
25%
23%
63%
44%
46%
40%

al Anaylsis
2010 Analysis
10%
7%
1%
50%
73%
27%
27%
100%
59%
 60%
31%

s of Income Sheet
vertical Analysis
100%
-87%
-1%
-2%
6%
3%