CEM115-C2

Horizontal and Vertical Analysis

Vertical Analysis Horizontal Analysis

% % $ %
2005 2004 2005 2004
Revenue 100.00% 100.00% $2,953.00 8.02%
$39,788.00 $36,835.00
Operating
Expenses:
Cost of $6,200.00 $6,716.00 15.58% 18.23% $(516.00) -7.68%
Revenue
Research and $6,184.00 $7,779.00 15.54% 21.12% -20.50%
Development $(1,595.00)
Sales and $8,677.00 $8,309.00 21.81% 22.56% $368.00 4.43%
Marketing
General and $4,166.00 $4,997.00 10.47% 13.57% $(831.00) -16.63%
Administrative
Total 63.40% 75.47% -9.26%
Operating $25,227.00 $27,801.00 $(2,574.00)
Expenses
Operating $9,034.00 36.60% 24.53% $5,527.00 61.18%
Income $14,561.00
Investment $2,067.00 $3,162.00 5.20% 8.58% -34.63%
Income and $(1,095.00)
other
Income before 41.79% 33.11% $4,432.00 36.34%
income taxes $16,628.00 $12,196.00
Provision for $4,374.00 $4,028.00 10.99% 10.94% $346.00 8.59%
income taxes
Net Income $12,254.00 $8,168.00 30.80% 22.17% $4,086.00 50.02%