Sanborn Corp. Financial Analysis of Sanborn Corporation Abstract The purpose is to evaluate financial position of Sanborn Corporation for the year 2008 and 2007. The techniques of comparative and common size analysis have been used. At the end the comments n financial position has been given. Comparative Analysis |Sanborn Corporation | | | |Comparative Analysis Income Statements |Increase/Decrease | | |20x8 |20x7 |Amount |% | |Net sales | 3,276,800 | 3,146,400 | 130,400 |4.14% | |Cost of goods sold | 2,088,800 | 2,008,400 | 80,400 |4.00% | |Gross margin | 1,188,000 | 1,138,000 | 50,000 |4.39% | |Operating expenses | | | | | | | | |- | | |Selling expenses | | 476,800 | 518,000 | (41,200) |-7.95% | |Administrative expenses | | 447,200 | 423,200 | 24,000 |5.67% | |Total operating expenses | | 924,000 | 941,200 | (17,200) |-1.83% | |Income from operations | 264,000 | 196,800 | 67,200 |34.15% | |Interest expense | 65,600 | 39,200 | 26,400 |67.35% | |Income before income taxes | 198,400 | 157,600 | 40,800 |25.89% | |Income taxes expense | 62,400 | 56,800 | 5,600 |9.86% | |Net income | 136,000 | 100,800 | 35,200 |34.92% | |Earnings per share | 3.40 | 2.52 | 0.88|34.92% | |Sanborn Corporation | | | | | | |- | | |Comparative Analysis of Balance Sheet | | | | | | |- | | | |20x8 |20x7 |Increase/Decrease | | |Assets | | |Amount |% | | |Cash | 81,200 | 40,800 | 40,400|99.02% | | |Account Receivable, net | 235,600 | 229,200 | |2.79% | | | | | |6,400 | | | |Inventory | 574,800 | 594,800 Show More
