| Summit, Inc. | Company Name |
| Income Statement | Horizontal Analysis of Income Statement |
| For the Year Ended December 31 | Recent Year vs Year -1 | Year -1 vs Year -2 |
| $ Change | % Change | $ Change | % Change |
| 2015 | 2014 | 2013 |
| Net Sales | $ 75,368,814.00 | $ 74,293,018.50 | $ 72,343,206.50 | Net Sales |
| Cost of Goods Sold | $ 54,642,390.00 | $ 53,127,749.50 | $ 50,994,082.50 | Cost of Goods Sold |
| Gross Profit | $ 20,726,424.00 | $ 21,165,269.00 | $ 21,349,124.00 | Gross Profit |
| Operating Expenses | $ 18,588,869.00 | $ 19,066,984.50 | $ 18,620,554.00 | Operating Expenses |
| Income from Operations | $ 2,137,555.00 | $ 2,098,284.50 | $ 2,728,570.00 | Income from Operations |
| Other Revenue and Gains | $ 600,000.00 | $ 520,000.00 | $ 450,000.00 | Other Revenue and Gains |
| Other Expenses and Losses | $ 1,690,974.00 | $ 1,669,608.50 | $ 1,648,976.50 | Other Expenses and Losses |
| Income before Income Taxes | $ 1,046,581.00 | $ 948,676.00 | $ 1,529,593.50 | Income before Income Taxes |
| Income taxes | $ 441,657.18 | $ 429,470.50 | $ 670,768.00 | Income taxes |
| Net Income | $ 604,923.82 | $ 519,205.50 | $ 858,825.50 | Net Income |
| Earnings per share | $ 1.21 | $ 1.04 | $ 1.72 | Earnings per share |
| Summit, Inc. | Company Name |
| Balance Sheet | Horizontal Analysis of Balance Sheet |
| As of December 31 | Recent Year vs Year -1 | Year -1 vs Year -2 |
| $ Change | % Change | $ Change | % Change |
| 2015 | 2014 | 2013 |
| Assets | Assets |
| Current Assets | Current Assets |
| Cash and Equivalents | $ 3,860,639 | $ 3,662,423 | $ 4,033,273 | Cash and Equivalents |
| Net Receivables | $ 6,521,082 | $ 4,309,929 | $ 3,968,204 | Net Receivables |
| Inventory | $ 16,118,011 | $ 12,768,599 | $ 12,635,752 | Inventory |
| Other current assets | $ 86,139 | $ 71,603 | $ 65,871 | Other current assets |
| Total Current Assets | $ 26,585,871 | $ 20,812,554 | $ 20,703,100 | Total Current Assets |
| Property, plant, & Equip | $ 31,131,524 | $ 30,817,765 | $ 29,134,366 | Property, plant, & Equip |
| Total Assets | $ 57,717,395 | $ 51,630,319 | $ 49,837,466 | Total Assets |
| Liabilities | Liabilities |
| Current Liabilities | Current Liabilities |
| Payables | $ 6,484,843 | $ 4,730,388 | $ 3,793,187 | Payables |
| Short term/current long term debt | $ 7,687,909 | $ 5,149,334 | $ 4,836,335 | Short term/current long term debt |
| Other current liabilities | $ 1,033,822 | $ 883,680 | $ 841,275 | Other current liabilities |
| Total current liabilities | $ 15,206,574 | $ 10,763,402 | $ 9,470,797 | Total current liabilities |
| Long-term debt | $ 12,210,045 | $ 11,171,003 | $ 11,189,960 | Long-term debt |
| Total Liabilities | $ 27,416,619 | $ 21,934,405 | $ 20,660,757 | Total Liabilities |
| Stockholder's Equity | Stockholder's Equity |
| Common Stock | $ 500,000 | $ 500,000 | $ 500,000 | Common Stock |
| Additional PICap | $ 7,858,823 | $ 7,858,823 | $ 7,858,823 | Additional PICap |
| Retained Earnings | $ 21,941,953 | $ 21,337,091 | $ 20,817,886 | Retained Earnings |
| Total Stockholder's Equity | $ 30,300,776 | $ 29,695,914 | $ 29,176,709 | Total Stockholder's Equity |
| Total Liab & Stockholder's Equity | $ 57,717,395 | $ 51,630,319 | $ 49,837,466 | Total Liab & Stockholder's Equity |