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7 8 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 F 42 43 45 46 48 49 50 51 52 53 54 55 6 7 58 59 60 61 62 41 44 47 Assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Property, plant & equipment (net) Investments Long-term receivables Goodwill & patent (net) Other assets Total long-term assets Total assets Liabilities Notes payable Accounts payable Accrued expenses Income taxes payable Payments due in one year Total current liabilities Long-term debt Deferred income taxes Other liabilities Total noncurrent liabilities Total liabilities Stockholders' Equity: Preferred stock Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders equity Net sales Expenses: BLUFFTON COMPANY Horizontal Analysis of Balance Sheets As of December 31 Cost of Goods Sold Other Selling, General and Administrative Expense Year 4 BLUFFTON COMPANY Horizontal Analysis of Income Statements Total Expenses Income before income taxes Income taxes Net Income Year 3 Year 4 Year 3 % Change % Change
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