Problem 13-1A Calculating and analyzing trend percents LO P1 Selected comparative financial statements of Haroun Company follow. {$thousands) Sales Cost of goods sold Gross profit Operating expenses Net Income HAROUN COMPANY Comparative Income Statements For Years Unded December 31, 2015-2013 2019 2018 2017 2016 2015 2014 2013 $2,252 $1,973 $1,795 $1,645 $1,535 $1,427 $1,170 1,620 1,318 1,134 992 922 862 687 632 655 661 653 613 565 483 481 376 345 254 221 218 181 $ 151 $ 279 $ 316 $ 399 $ 392 $ 347 $ 302 {$thousands) Asseta 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 HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 $ 134 $ 177 $ 183 $ 187 $ 195 $ 192 $ 190 960 1.000 912 700 616 584 412 3,472 2,528 2,209 1,861 1,672 1,420 1.030 89 80 49 BB 75 76 40 0 0 0 274 274 274 2741 4,248 4,231 3,703 2,000 2.158 1,910 1.646 $8,903 $8,024 $7,056 $5,198 $4,990 $4,464 $3,600 $2,240 $1,884 $1,236 $1,028 $ 892 $ 844 $ 544 2,391 2,083 2,027 941 961 1,041 781 1.620 1,620 1,620 1.440 1,440 1,260 1,260 405 405 405 360 360 315 315 2,247 2.032 1,768 1,429 1,337 1,004 700 $8,903 $8,024 $7,056 $5,198 $4,990 $4,464 $3,600 Check my work 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? (Did net income as a percent of sales grow over the past four years? (Did inventory increase over this periodi Complete this question by entering your answers in the tabs below. Required 1 Comp 15 Required 1 Compas Required 2 Complete the below table to calculate the trend percents for all components of comparative Income statements using 2013 as the base yar (Hound your percentage answers to 1 decimal place.) HAROUN COMPANY Income Statment Treads For Yoann Ended December 31, 2010-2013 2010 2017 2010 2019 2015 2014 % 2013 1000 100.0 1000 Sales Cost of goods sold Gross profit Operating expenses Net income 1000 1000 Required 1 Comp BS > Check my work Required 1 Comp Is Required 1 Como as Required 2 Complete the below table to calculate the trend percents for a components of comparative balance sheets using 2013 as the bese year. Round your percentage answers to 1 decimal place) HAROUN COMPANY Balance Tende December 11, 2011-2013 2017 2014 2008 2010 2914 2013 1000 1000 1000 1000 100.0 1000 Assets Cash Accounts receivable, Merchandise inventory Other current Long-irm investments Plant assets, net Totalsts Liabilities and Equity Currenties Long-term liabilities Common stock Other paid in capital Retained earnings Total liabilities & equity 100.0 5000 1000 1000 1000 1000 1000 Prey 1 of 3 Next > 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? (Did inventory increase over this period? Complete this question by entering your answers in the tabs below. Required 1 Required 1 Comp IS Comp BS Required 2 Refer to the results from part 1. (a) Dld 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 period?
