1. A Vertical Financial Statement Analysis of Income Statement and Balance Sheet.
2. A Horizontal Financial Statement Analysis covering 5 years of Income Statements and Balance Sheet.
3. Include a written summary of the important findings or observations from your horizontal and/or vertical analyses.

Detailed Instructions:

Using the format in Chapter 5 of the text, conduct a horizontal and vertical analysis of your company's income statements and balance sheets.

1. The use of Excel is highly recommended in the conduct of the analysis.
2. Do not carry calculations past 1 decimal place.
3. Use the following sources for your analysis (available on the SEC website practiced in Week 1):

• 10Q- 7-5-2006
• 10Q- 4-4-2006
• 10Q- 1-3-2006
• 10k- 11-10-2005

1. Include a written summary of the important findings or observations from your horizontal and/or vertical analyses.

You may useSEC, 10-K filings, annual reports, corporate web sites, Thomson financial web sites or any other publicly available sources appropriate to the purpose of the materials.

The company is IGT (International Game Technology