2013 ($ 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 2015 2014 $1,686 $1,477 $1,344 $1,232 $1,149 $1,069 $ 876 1,212 986 848 742 690 645 514 474 491 496 490 459 424 362 361 283 259 191 166 164 136 113 $ 208 $ 237 $ 299 $ 293 $ 260 $ 226 HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 ($ 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 Common stock other paid-in capital Retained earnings Total liabilities and equity $ 163 $ 216 $ 224 $ 229 1,173 1,232 1,115 855 4,244 3,090 2,699 2,275 109 98 60 108 8 334 5.192 5,172 4,526 2,553 $10,881 59,808 $8,624 $6,354 $ 238 $ 235 $ 242 753 714 503 2,043 1,735 1,258 91 93 48 334 334 334 2,639 2,345 2,015 $6,098 $5,456 $4,400 $ 2,734 $2,299 $1,509 $1,255 $1,089 $1,0305 664 2,924 2,547 2,478 1,151 1,176 1,273 955 1,980 1,980 1,980 1,760 1,760 1,540 1.540 495 495 495 440 440 385 385 2,748 2,487 2,162 1,748 1,633 1,228 856 $10,881 $9,808 $8,624 $6,354 56,698 $5,456 $4,400 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? (0) Did net income as a percent of sales grow over the past four years? Did inventory increase over this period? Complete this question by entering your answers in the tabs below. Required 1 Comp IS Required Comp BS Required 2 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 decimal place) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2015 2013 2018 2017 2015 2019 2015 2014 2013 1000 1000 Sales Cost of goods sold Gross profit Operating expenses Net Income 1000 1000 1000 Required 1 Comp BS > December 31, 2019-2013 2017 2016 2019 2018 2015 2014 2013 Assets % 100 0% 100.0 1000 100.0 1000 1000 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 Common stock Other paid-in capital Retained earnings Total liabilities & equity 100.0 % 100.0% 100.0 100.0 100.0 100.0 100.0 % 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? (a) Did sales grow steadily over this period? (6) Did net income as a percent of sales grow over the past four years? (c) Did inventory increase over this period?
