Using the information for Vision, Inc., in SE4, SE5, and SE7, compute the cash flow yield, cash flows to sales, cash flows to assets, and free cash flow for 2013 and 2014. Net cash flows from operating activities were $42,000 in 2013 and $32,000 in 2014. Net capital expenditures were $60,000 in 2013 and $80,000 in 2014. Cash dividends were $12,000 in both years. Comment on the results. (Round to one decimal place.)
In SE4, Vision, Inc.€™s comparative income statements follow. Compute the amount and percentage changes for the income statements, and comment on the changes from 2013 to 2014. (Round the percentage changes to one decimal place.)

In SE5, Vision, Inc.€™s comparative balance sheets follow. Prepare common-size statements and comment on the changes from 2013 to 2014. (Round to one decimal place.)

In SE7, Using the information for Vision, Inc., in SE4 and SE5, compute the profit margin, asset turnover, and return on assets for 2013 and 2014. In 2012, total assets were $200,000. Comment on the results. (Round to one decimalplace.)

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Vision, Inc. Comparative Income Statements For the Years Ended December 31, 2014 and 2013 2014 2013 Net sales Cost of goods sold Gross margin Operating expenses Operating income Interest expense Income before income taxes Income taxes expense Net income Earnings per share 360,000 224,000 136,000 80,000 $56,000 14,000 $ 42,000 14,000 S 28,000 $ 2.80 $290,000 176,000 $114,000 60,000 54,000 10,000 44,000 16,000 $ 28,000 S 2.80 Vision, Inc. Comparative Balance Sheets December 31, 2014 and 2013 2014 2013 Assets Current assets Property, plant, and equipment (net) Total assets $ 48,000 260,000 $308,000 40,000 200,000 $240,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 36,000 180,000 92,000 $308,000 44,000 120,000 76,000 $240,000