P-16-01 Name:

Section:

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1. Horizontal and Vertical Analysis

Obras Corporation
Comparative Income Statements
For the Years Ended December 31, 2014 and 2013

Increase or (Decrease)
2014 2013 Amount Percentage
Net sales
Cost of goods sold
Gross margin
Operating expenses:
Selling expenses
Administrative expenses
Total operating expenses
Income from operations
Interest expense
Income before income taxes
Income taxes expense
Net income

Earnings per share

 Obras Corporation
Comparative Balance Sheets
For the Years Ended December 31, 2014 and 2013

Increase or (Decrease)
2014 2013 Amount Percentage
Assets
Cash
Accounts receivable (net)
Inventory
Property, plant, and equip. (net)
Total assets

Liabilities and Stockholders' Equity

Accounts payable
Notes payable (short-term)
Bonds payable
Common stock, $10 par value
Retained earnings
Total liab. and stockholders’ equity

2.
Obras Corporation
Common-Size Income Statements
For the Years Ended December 31, 2014 and 2013

2014 2013
Net sales
Cost of goods sold
Gross margin
Operating expenses:
Selling expenses
Administrative expenses
Total operating expenses
Income from operations
Interest expense
Income before income taxes
Income taxes expense
Net income

Obras Corporation
Common-Size Balance Sheets
 For the Years Ended December 31, 2014 and 2013

2014 2013
Assets
Cash
Accounts receivable (net)
Inventory
Property, plant, and equip. (net)
Total assets

Liabilities and Stockholders' Equity

Accounts payable
Notes payable (short-term)
Bonds payable
Common stock, $10 par value
Retained earnings
Total liab. and stockholders’ equity