Please help with the attached questions.

E14-3 The comparative condensed balance sheets of Conard Corporation are presented below. CONARD CORPORATION Comparative Condensed Balance Sheets December 31 2012 2011 Assets Current assets $ 74,000 $ 80,000 Property, plant, and equipment (net) 99,000 90,000 Intangibles 27,000 40,000 Total assets $200,000 $210,000 Liabilities and stockholders equity Current liabilities $ 42,000 $ 48,000 Long-term liabilities 143,000 150,000 Stockholders equity 15,000 12,000 Total liabilities and stockholders equity $200,000 $210,000 Instructions (a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base. (b) Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar form for 2012. E13-8 Here are comparative balance sheets for Taguchi Company. TAGUCHI COMPANY Comparative Balance Sheets December 31 Assets 2011 2010 Cash $ 73,000 $ 22,000 Accounts receivable 85,000 76,000 Inventories 170,000 189,000 Land 75,000 100,000 Equipment 260,000 200,000 Accumulated depreciation (66,000) (32,000) Total $597,000 $555,000 Liabilities and Stockholders Equity Accounts payable $ 39,000 $ 47,000 Bonds payable 150,000 200,000 Common stock ($1 par) 216,000 174,000 Retained earnings 192,000 134,000 Total $597,000 $555,000 Additional information: 1. Net income for 2011 was $103,000. 2. Cash dividends of $45,000 were declared and paid. 3. Bonds payable amounting to $50,000 were redeemed for cash $50,000. 4. Common stock was issued for $42,000 cash. 5. No equipment was sold during 2011, but land was sold at cost. Instructions Prepare a statement of cash flows for 2011 using the indirect method. Access the information contained in Riordan Manufacturings balance sheet and income statement to calculate the following: Liquidity ratios o\tCurrent ratio o\tAcid-test, or quick, ratio o\tReceivables turnover o\tInventory turnover Profitability ratios o\tAsset turnover o\tProfit margin o\tReturn on assets o\tReturn on common stockholders equity Solvency ratios o\tDebt to total assets o\tTimes interest earned Show your calculations for each ratio. Create a horizontal and vertical analysis for the balance sheet and the income statement. Write a 350- to 700-word memo to the CEO of your selected organization in which you discuss your findings from your ratio calculations and your horizontal and vertical analysis. In your memo, address the following questions: What do the liquidity, profitability, and solvency ratios reveal about the financial position of the company? Which users may be interested in each type of ratio? What does the collected data reveal about the performance and position of the company? Riordan Manufacturing, Inc. Consolidated Balance Sheet Fiscal Year Ending September 30th 2011 2010 Assets Current Assets Cash $3,725,406 $2,807,029 Accounts Receivable 3,192,094 2,695,342 Current Portion of Notes Receivable 84,255\t102,976 Inventories 9,709,611 8,517,203 Prepaid Expenses and Other Items 666,591\t402,240 Total Current Assets $17,377,957 $14,524,790 Notes Receivable, less current portion $842,551 $936,168 Investment in Joint Venture 1,734,004 1,609,004 Property, Plant and Equipment - net 26,366,949 16,658,218 Intangible Assets - net 904,473\t904,473 Other Assets 183,203\t192,845 Total Assets $47,409,137 $34,825,498 Liabilities and Stockholders' Equity Current Liabilities Current Portion of Long-Term Debt $1,560,959\t$474,032 Accounts Payable 1,141,561 1,391,385 Accrued Liabilities 430,477 524,685 Income Taxes Payable 552,155 359,955 Total Current Liabilities $3,685,152 $2,750,057 Bank Line of Credit $114,759\t$295,865 Long-Term Debt - less current portion 9,500,741 1,006,955 Deferred Income Taxes - net 660,503 825,629 Total Liabilities $13,961,155 $4,878,506 Common Stock Stated par value is $.01. 20,000,000 shares authorized. Issued and Outstanding 15,801,332 net of treasury shares.$29,055,488\t$29,055,488 Retained Earnings / (Accumulated Deficit) 4,392,494 891,504 Total Stockholders' Equity $33,447,982\t$29,946,992 Total Liabilities and Stockholders' Equity $47,409,137\t$34,825,498 Riordan Manufacturing, Inc. Income Statement For the 12 months ending September 30th 2011 2010 Sales $66,608,660\t$56,534,254 Direct Cost of Goods Sold 51,592,470 43,970,250 Gross Margin $15,016,190\t$12,564,004 Operating Expenses Sales, Marketing & Other $1,328,615\t$ 1,265,348 Depreciation 1,378,616 1,152,125 Quality Assurance 1,151,176 1,112,247 Research & Development 1,039,637 962,627 General & Administrative 4,954,751 4,674,293 Machining & Systems 143,808 125,050 Total Operating Expenses $9,996,603 $9,291,690 Profit Before Interest & Taxes $5,019,587 $3,272,314 Non-Operating Expenses Interest Expense $ 604,616 $ 121,533 Taxes 1,104,309 719,909 Total Non-Operating Expenses $1,708,925 $ 841,442 Net Profit After Taxes $3,310,662 $2,430,872 E14-3 The comparative condensed balance sheets of Conard Corporation are presented below. CONARD CORPORATION Comparative Condensed Balance Sheets December 31 2012 2011 Assets Current assets $ 74,000 $ 80,000 Property, plant, and equipment (net) 99,000 90,000 Intangibles 27,000 40,000 Total assets $200,000 $210,000 Liabilities and stockholders equity Current liabilities $ 42,000 $ 48,000 Long-term liabilities 143,000 150,000 Stockholders equity 15,000 12,000 Total liabilities and stockholders equity $200,000 $210,000 Instructions (a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base. (b) Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar form for 2012. E13-8 Here are comparative balance sheets for Taguchi Company. TAGUCHI COMPANY Comparative Balance Sheets December 31 Assets 2011 2010 Cash $ 73,000 $ 22,000 Accounts receivable 85,000 76,000 Inventories 170,000 189,000 Land 75,000 100,000 Equipment 260,000 200,000 Accumulated depreciation (66,000) (32,000) Total $597,000 $555,000 Liabilities and Stockholders Equity Accounts payable $ 39,000 $ 47,000 Bonds payable 150,000 200,000 Common stock ($1 par) 216,000 174,000 Retained earnings 192,000 134,000 Total $597,000 $555,000 Additional information: 1. Net income for 2011 was $103,000. 2. Cash dividends of $45,000 were declared and paid. 3. Bonds payable amounting to $50,000 were redeemed for cash $50,000. 4. Common stock was issued for $42,000 cash. 5. No equipment was sold during 2011, but land was sold at cost. Instructions Prepare a statement of cash flows for 2011 using the indirect method. Access the information contained in Riordan Manufacturings balance sheet and income statement to calculate the following: Liquidity ratios o\tCurrent ratio o\tAcid-test, or quick, ratio o\tReceivables turnover o\tInventory turnover Profitability ratios o\tAsset turnover o\tProfit margin o\tReturn on assets o\tReturn on common stockholders equity Solvency ratios o\tDebt to total assets o\tTimes interest earned Show your calculations for each ratio. Create a horizontal and vertical analysis for the balance sheet and the income statement. Write a 350- to 700-word memo to the CEO of your selected organization in which you discuss your findings from your ratio calculations and your horizontal and vertical analysis. In your memo, address the following questions: What do the liquidity, profitability, and solvency ratios reveal about the financial position of the company? Which users may be interested in each type of ratio? What does the collected data reveal about the performance and position of the company? Riordan Manufacturing, Inc. Consolidated Balance Sheet Fiscal Year Ending September 30th 2011 2010 Assets Current Assets Cash $3,725,406 $2,807,029 Accounts Receivable 3,192,094 2,695,342 Current Portion of Notes Receivable 84,255\t102,976 Inventories 9,709,611 8,517,203 Prepaid Expenses and Other Items 666,591\t402,240 Total Current Assets $17,377,957 $14,524,790 Notes Receivable, less current portion $842,551 $936,168 Investment in Joint Venture 1,734,004 1,609,004 Property, Plant and Equipment - net 26,366,949 16,658,218 Intangible Assets - net 904,473\t904,473 Other Assets 183,203\t192,845 Total Assets $47,409,137 $34,825,498 Liabilities and Stockholders' Equity Current Liabilities Current Portion of Long-Term Debt $1,560,959\t$474,032 Accounts Payable 1,141,561 1,391,385 Accrued Liabilities 430,477 524,685 Income Taxes Payable 552,155 359,955 Total Current Liabilities $3,685,152 $2,750,057 Bank Line of Credit $114,759\t$295,865 Long-Term Debt - less current portion 9,500,741 1,006,955 Deferred Income Taxes - net 660,503 825,629 Total Liabilities $13,961,155 $4,878,506 Common Stock Stated par value is $.01. 20,000,000 shares authorized. Issued and Outstanding 15,801,332 net of treasury shares.$29,055,488\t$29,055,488 Retained Earnings / (Accumulated Deficit) 4,392,494 891,504 Total Stockholders' Equity $33,447,982\t$29,946,992 Total Liabilities and Stockholders' Equity $47,409,137\t$34,825,498 Riordan Manufacturing, Inc. Income Statement For the 12 months ending September 30th 2011 2010 Sales $66,608,660\t$56,534,254 Direct Cost of Goods Sold 51,592,470 43,970,250 Gross Margin $15,016,190\t$12,564,004 Operating Expenses Sales, Marketing & Other $1,328,615\t$ 1,265,348 Depreciation 1,378,616 1,152,125 Quality Assurance 1,151,176 1,112,247 Research & Development 1,039,637 962,627 General & Administrative 4,954,751 4,674,293 Machining & Systems 143,808 125,050 Total Operating Expenses $9,996,603 $9,291,690 Profit Before Interest & Taxes $5,019,587 $3,272,314 Non-Operating Expenses Interest Expense $ 604,616 $ 121,533 Taxes 1,104,309 719,909 Total Non-Operating Expenses $1,708,925 $ 841,442 Net Profit After Taxes $3,310,662 $2,430,872