describe any trends that appear to have taken place over the three year time period.

Figure 1 abood yninoq2 z'borish Harrod's Sporting Goods Income Statement (2013-2015) 2013 2014 2015 $4269871 $4483360 Sales $5021643 GOOOOS $2991821 $2981434 $3242120 Cost of goods sold $1278050 $1501926 $1779523 Gross Profit DOWE $1175100 $865450 Selling and administrative expense $1004846 $412600 $497080 Operating profit $604423 bir sodboll $115300 $122680 $126241 Interest expense N/A N/A $170000 Extraordinary loss $297300 Net Income before taxes $374400 $308182 Taxes $104100 $131300 $107864 $193200 $243100 $200318 Net income bobo bobobede rodmunod Figure 2 El bornogabonch 2010 ob bodo Harrod's Sporting Goods Balance Sheet 2011 (2013-2015) LOS 2013 $121328 2014 2015 Cash $125789 $99670 is $144090 $56142 $66231 Marketable securities Accounts receivable $341525 $216240 $398200 stod atalamowalon.se $1250110 $1052088 $972456 Inventory $1491451 $1658370 $1698968 Total current assets $1678749 $1702280 Net plant and equipment $1811142 wallpole e $3510110 $3170200 $3360650 Total assets Liabilities and Stockholders' Equity Section $539788 $576910 $601000 Accounts payable $160540 $180090 $203070 Notes payable $700328 Total current liabilities $757000 $804070 $1265272 $1292995 $1372240 Long-term liabilities Total liabilities $1965600 $2049995 $2176310 $367400 Common stock $368000 $368000 Retained earnings $837200 $942665 $965800 Total Stockholders' equity $1204600 $1310655 $1333800 Total liabilities and stockholders' equity $3170200 $3360650 $3510110 Figure 3 Harrod's Sporting Goods Selected Industry Ratios for 2015 2000 nog ons 2015 Industry Ratios 4.51% 5.10% e the oldstoh 1. Net income/sales SCENSIS 2a. Net income/Total Assets SAID 2b. Sales/Total Assets DOS DE ONCOS cate 3a. Net income/Stockholder's Equity 1.33 x idovm 9.80% votron 0.48 3b. Debt/Total Assets OSEBE reAl2 hot 4. Sales/Receivables 5.75 x Thompson Islam 5. Sales/Inventory 3.01 x COSTE 6. Sales/Fixed Assets 3.20 x 2 vlupantolon 5012 bride Withdrawal of funds in the form of dividends or other means makes the increase in retained earnings less than net income. oldsy 2010 SC002 dallo Rosa GO mo DO 22 he OOSTED