13-1A Calculating and analyzing trend percents LO P1 Selected comparative financial statements of Haroun Company follow. (5 thousands) Sales Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2019-2013 2019 2018 2017 2016 1,246 1,032 2015 2014 2013 $1,694 $1,496 $1,370 $1,264 $1,186 $1,110 5928 902 802 2521 710 586 448 464 330 256 468 462 434 400 342 234 170 146 144 118 $ 118 5 208 $ 234 $ 292 5 288 $ 256 $224 HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 (5 thousands) Assets Cash Accounts receivable, net Merchandise Inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term liabilities 2019 2018 20171 2016 2015 2014 2013 $ 58 490 78 514 $ 82 466 $ 84 5 885 86 $ 89 360 318 302 216 1,838 1,364 1,204 1,032 936 810 615 36 32 14 34 28 28 9 1461 146 146 146 2,020 2,014 1,752 944 978 860 725 $4,442 $4,002 $3,518 $2,000 $2,494 $2,232 $1,800 $1,220 $1,042 5 718 5 614 5 546 5 522 5 282 1,294 1,1401 1,112 570 580 620 400 Common stock 1,000 1,000 1,000 850 550 650 650 Other paid-in capital 250 250 250 170 170 150 150 Retained earnings 678 576 438 396 348 290 318 Cost of goods sold Gross profit Operating expenses Net income 1,246 448 330 1,032 464 256 902 468 2341 752 710 586 434 400 342 146 144 118 $ 118 $ 208 $ 234 $292 $ 288 $ 256 $224 ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-tere investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 $ 58 $ 78 $ 82 $ 84 2018 2017 2016 2015 2014 2013 $ 88 $ 86 $ 89 490 514 466 360 318 302 216 1,838 1,364 1,204 1,032 936 810 615 36 32 14 34 28 28 9 0 0 146 146 146 146 2,020 2,014 1,752 944 978 860 725 $4,442 $4,802 $3,518 $2,600 $2,494 $2,232 $1,800 $1,220 $1,042 $ 718 $ 614 $ 546 $ 522 $ 282 1,294 1,140 1,112 570 580 620 400 1,000 1,000 1,000 850 850 650 650 250 678 250 570 250 170 170 150 150 438 396 348 290 318 $4,442 $4,802 $3,518 $2,600 $2,494 $2,232 $1,800 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2013 as the base year. 2. Refer to the results from part 1. (a) Did sales grow steadily over this period? (b) Did net income as a percent of sales grow over the Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2013 as the base year. 2. Refer to the results from part 1. (a) Did sales grow steadily over this period? (b) Did net income as a percent of sales grow over the past four years? (c) Did inventory Increase over this period? Complete this question by entering your answers in the tabs below. Required 1 Comp 15 Required 1 Comp B5 Required 21 Complete the below table to calculate the trend percents for all components of comparative income statements using 2013 as the base year. (Round your percentage answers to 1 decimal place.) HAROUN COMPANY Sales Cost of goods sold Gross prott Oporating expenses Net income Income Statement Trends For Years Ended December 31, 2019-2013 2016 2017 2019 2018 2015 2014 2013 1000% 100 0 1000 100 0 1000 Required 1 Comp BS >