THE QUESTIN IS LOUD AND CLEAR AND BALANCE SHEED ONLY TWO YEARS ONLY.

Q:

Competitive Income Statement As of Ended December 31

2010 2009 2008

Revenue	5,945,358	6,072,133	6,656,007
Cost of Goods Sold	1,683,937	1,945,852	2,245,950
Gross Profit	1,618,846	1,494,716	1,376,833
Operating Expenses	1,832,500	1,190,327	1,554,713
Net Income	1,122,094	1,470,179	1,319,041

Balance Sheet, As of December 31

2009 2008

Cash	9,196,917	10,015,877
Inventory	3,337,470	2,996,428
Property and equipment, net	11,100,233	11,198,211
Total Assets	25,592,601	23,481,340
Account Payable	1,059,888	1,254,369
Accrued and other Liabilities	3,994,161	4,426,444
Common Stock	444,722	443,851
Additional Pain-in Capital	7,610,854	7,483,549
Retained Earnings	14,076,238	12,868,799
Total Liabilities and Stockholder's Equity	45,619,096	44,031,724

Perform Horizontal Analysis, Trend(Horizontal) Analysis and Vertical Analysis. Solve the following Questions:

(Horizontal Analysis)

1) Consider the critical items on the Balance Sheet and Income Statement.

2) Select three years balance sheet and Income Statement items that you consider important.

3) Indicate "Why" you consider the balance sheet and Income Statement items you selected are important.

4) Discuss any patters/ trends noted n the selected balance sheet an Income Statement items.

5) What conclusions can you draw from the analysis performed on your selected balance sheet and Income Statement items?

(Vertical Analysis)

1) Consider the critical items on the Balance Sheet and Income Statement.

2) Select three years balance sheet and Income Statement items that you consider important.

3) Indicate "Why" you consider the balance sheet and Income Statement items you selected are important.

4) Discuss any patters /trends noted in the selected balance sheet and Income Statement items.

5) What conclusions can you draw from the analysis performed on your selected balance sheet and Income Statement items