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please solve, put the answer in the same order. thanks. will like up. Problem 17-1A (Algo) Calculating and analyzing trend percents LO P1 Selected comparative
please solve, put the answer in the same order. thanks. will like up.
Problem 17-1A (Algo) 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, 2021-2015 2e21 2eze 2019 2018 $ 2,610 $ 2,286 $ 2, ese $ 1,9e7 1,877 1,527 1,313 1,149 733 759 767 758 558 436 4ee 295 $ 175 $ 323 $367 $ 463 2017 $1,779 1,068 711 256 $ 455 2016 $ 1,654 999 655 253 $4e2 2015 $ 1,356 795 560 21e $ 350 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 zezi zeze 2019 2018 (5 thousands Assets 2017 2016 2015 Cash $. 115 $ 152 $ 158 5 161 $ 168 5 165 $ 171 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 2821 2e2e 2019 2018 2017 2016 2015 $ 152 $ 115 826 2,990 77 $ 158 786 1,982 43 (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 Common stock Other paid-in capital Retained earnings Total liabilities and equity 868 2,177 69 e 3,644 $ 6,910 $ 161 682 1,602 76 236 1,799 $ 4,476 $ 168 537 1,439 64 236 1,859 $ 4,297 $ 165 5e3 1, 222 65 236 1,653 $ 3,844 $ 171 355 887 34 236 1,427 $ 3,100 3,658 $ 7,666 3,187 $ 6,076 1,927 2,061 1,395 349 1,934 $ 7,666 $ 1,621 1,795 1,395 349 1,758 $ 6,918 $ 1,863 1,745 1,395 349 1,523 $ 6,076 $ 885 811 1, 240 318 1,230 $ 4,476 $ 768 828 1,240 310 1, 151 $ 4,297 $ 726 897 1, e85 272 865 $ 3,844 $ 468 673 1,085 271 6e3 $ 3,100 Required: ek my work 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? ( Did Inventory Increase over this period? Complete this question by entering your answers in the tabs below. Required: Comp IS Required 1 Comp BS Required 2 Complete the below table to calculate the trend percents for all components of comparative income statements using 2015 as the base year. (R percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2021-2015 Complete the below table to calculate the trend percents for all components of comparative income statements using 2015 as the base year. (R percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2021-2015 2020 2019 2018 2021 2017 2016 2015 Sales 2,6100% % 100.0 % 100.0 100 0 Cost of goods sold Gross profit Operating expenses Net income 100.0 1000 Check my we Required 1 Comp 15 Required 1 Comp BS Required 2 Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2015 as the base year. (Ro answers to 1 decimal place) HAROUN COMPANY Balance Sheet Trends December 31, 2021-2015 2019 2018 2021 2020 2017 2016 2015 Assets Cash % 100.0 % 1000 Accounts receivable, net Merchandise inventory Other current assets Long-term investments 100.0 100.0 1000 100.0 100.0 Merchandise inventory Other current assets Long-term investments 100.0 Plant assets, net 100.0 95 100.0 % Total assets Liabilities and Equity Current liabilities % 100.0 % 100.0 Long-term liabilities Common stock 1000 100.0 Other paid-in capital Retained earrings Total liabilities & equity 1000 % % 100.0 % Required 1 Comp IS Required 1 Comp BS Required 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? (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 periodStep by Step Solution
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