Analyzed Financial Statements. Below are the comparative Balance Sheet, Income Statement, and additional information for Mathews Inc.

Mathews Inc.

Comparative Balance Sheet

December 31, 2013 and 2014

Assets	2014	2013
Cash	$643,400	$679,400
Accounts Receivable (Net)	566,800	547,400
Inventories	1,011,000	982,800
Investments	0	240,000
Land	520,000	0
Equipment	880,000	680,000
Accumulated Depreciation	(244,400)	(200,400)
Total Assets	$3,376,800	$2,929,200

Liabilities and Equity	2014	2013
Accounts Payable	$771,800	$748,400
Accrued Expenses Payable	72,200	77,200
Common Stock, $2 Par	56,000	32,000
Paid-in Capital in Excess of Par	408,000	192,000
Retained Earnings	2,068,800	1,879,600
Total Liabilities and Equity	$3,376,800	$2,929,200

Mathews Inc.

Income Statement

For the Year ended December 31, 2014

Sales		$5,980,000
Cost of Merchandise Sold		2,452,000
Gross Profit		3,528,000
Operating Expenses
Depreciation Expense	$44,000
Other Operating Expenses	3,100,000
Total Operating Expenses		3,144,000
Operating Income		384,000
Other Expenses:
Loss on Sale of Investments		(64,000)
Income before Income Tax		320,000
Income Tax Expense		102,800
Net Income		$217,200

Additional Information:

Mathews issued 12,000 shares of common stock on January 1, 2014, so Mathews had 28,000 shares issued and outstanding for 2014. During 2014, Mathews issued a $1/share dividend to Common Stock shareholders. The market price of the stock was $25 on December 31 2014

Rate earned on Total Assets________

Rate earned on Stockholders Equity________

Earnings per share________

Dividend Yield________

Using Horizontal Analysis, determine the percent change in Cash_______

Using Horizontal Analysis, determine the percent change in Accounts Payable______

Using Vertical Analysis, determine the Gross Profit percentage_________

Using Vertical Analysis, determine the 2014 Accounts Receivable percent_______

-For each of the ratios below, indicate what is a good ratio and what the ratio is measuring.

1. Quick Ratio

2. Inventory Turnover

3. Number of Days Sales in Receivables

4. Rate Earned on Total Assets