33 5 points Problem 17-1A (Algo) Calculating and analyzing trend percents LO P1 Selected comparative financial...

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33 5 points Problem 17-1A (Algo) Calculating and analyzing trend percents LO P1 Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 eBook (5 thousands) Sales Cost of goods sold Gross profit Operating expenses Print Net income 2021 2020 $1,740 $1,524 2019 $ 1,387 2018 2017 2016 2015 $1,271 $1,186 $1,103 $904 1,252 1,018 876 767 713 666 531 488 586 511 504 473 437 373 372 291 267 197 171 168 140 $116 $215 $244 $307 $ 382 $269 $233 References (5 thousands) Assets Cash HAROUN COMPANY Comparative Year-End Balance Sheets Decenber 31, 2021-2015 2021 2020 2019 2018 2017 2016 2015. $ 96 Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities 693 $127 728 $132 $135 $141 $139 $143 659 505 445 422 297 2,508 64 1,825 58 1,595 1,344 1,207 1,025 744 36 64 54 55 29 e 3,069 198 198 198 198 3,057 2,674 1,588 1,559 1,385 1,189 $ 6,430 $ 5,795 $ 5,096 $ 3,754 $ 3,604 $ 3,224 $ 2,600 Long-term liabilities 1,618 1,727 $1,361 $ 893 1,504 1,464 $743 680 $645 $610 $393 694 752 Common stock 564 1,170 1,170 Other paid-in capital Retained earnings Total liabilities and equity 293 1,622 $ 6,430 293 1,467 $ 5,795 1,170 293 1,276 1,040 260 1,031 1,040 910 910 260 220 228 965 724 505 $ 5,096 $ 3,754 $ 3,604 $3,224 $2,600 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2015 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 B Required 2 Complete the below table to calculate the trend percents for all components of comparative income statements using 2015 as the base year. (Round your percentage answers to 1 decimal place.) HAROUN COMPANY 2021 Income Statement Trends For Years Ended December 31, 2021-2015 2020 2010 2018 2017 2016 2015 33 5 points Problem 17-1A (Algo) Calculating and analyzing trend percents LO P1 Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 eBook (5 thousands) Sales Cost of goods sold Gross profit Operating expenses Print Net income 2021 2020 $1,740 $1,524 2019 $ 1,387 2018 2017 2016 2015 $1,271 $1,186 $1,103 $904 1,252 1,018 876 767 713 666 531 488 586 511 504 473 437 373 372 291 267 197 171 168 140 $116 $215 $244 $307 $ 382 $269 $233 References (5 thousands) Assets Cash HAROUN COMPANY Comparative Year-End Balance Sheets Decenber 31, 2021-2015 2021 2020 2019 2018 2017 2016 2015. $ 96 Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities 693 $127 728 $132 $135 $141 $139 $143 659 505 445 422 297 2,508 64 1,825 58 1,595 1,344 1,207 1,025 744 36 64 54 55 29 e 3,069 198 198 198 198 3,057 2,674 1,588 1,559 1,385 1,189 $ 6,430 $ 5,795 $ 5,096 $ 3,754 $ 3,604 $ 3,224 $ 2,600 Long-term liabilities 1,618 1,727 $1,361 $ 893 1,504 1,464 $743 680 $645 $610 $393 694 752 Common stock 564 1,170 1,170 Other paid-in capital Retained earnings Total liabilities and equity 293 1,622 $ 6,430 293 1,467 $ 5,795 1,170 293 1,276 1,040 260 1,031 1,040 910 910 260 220 228 965 724 505 $ 5,096 $ 3,754 $ 3,604 $3,224 $2,600 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2015 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 B Required 2 Complete the below table to calculate the trend percents for all components of comparative income statements using 2015 as the base year. (Round your percentage answers to 1 decimal place.) HAROUN COMPANY 2021 Income Statement Trends For Years Ended December 31, 2021-2015 2020 2010 2018 2017 2016 2015