Problem 13-1A Calculation and analysis of trend percents LO A1, 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, 2017-2011 2017 2016 2015 2014 2013 2012 2011 $2,878 $2,521 $2,293 $2,102 $1,961 $1,824 $1,495 2,070 1,684 1,449 1,268 1,178 1,102 878 808 837 844 834 783 722 617 616 442 326 283 279 232 $ 192 $ 355 $ 402 $ 508 $ 500 $ 443 $ 385 482 ($ 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 HAROUN COMPANY Comparative Balance Sheets December 31, 2017-2011 2017 2016 2015 2013 012 2011 $ 163 $ 216 $ 224 $ 229 $ 238 $ 235 $ 242 1,173 1,232 1,115 855 753 714 503 4,244 3,090 2,699 2,275 2,043 1,735 1,258 109 98 60 108 91 93 48 @ 334 334 334 334 5,192 5,172 4,526 2,553 2,639 2,345 2,015 $10,881 $9,808 $8,624 $6,354 $6,098 $5,456 $4,400 $ 2,734 $2,299 $1,509 $1,255 $1,089 $1,030 $ 664 2,924 2,547 2,478 1,151 1,176 1,273 955 1,989 1,980 1,980 1,760 1,760 1,540 1,540 495 495 495 440 385 385 2,748 2,487 2,162 1,748 1,633 1,228 856 $10,881 $9,808 $8,624 I $6,354 $6,098 $5,456 $4,400 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2011 as base year. (Round Prev 1 of 4 !!! Next > Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2011 as the base year. (Round your percentage answers to 1 decimal place.) Complete this question by entering your answers in the tabs below. Comp IS Comp BS Complete the below table to calculate the trend percents for all components of comparative income statements using 2011 as the base year. HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2017-2011 2016 2015 2014 2013 % % % % 2012 2011 2017 % % 100.0 % 100.0 100.0 Sales Cost of goods sold Gross profit Operating expenses Net income 100.0 % % 100.0 % % % Compis Comp BS Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2011 as the base year. HAROUN COMPANY Balance Sheet Trends December 31, 2017-2011 2016 2015 2014 2017 2013 2012 2011 Assets % % 100.0 % 100.0 100.0 100.0 100.0 100.0 100.0 % % % 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% % % Comp IS CTS Prev 1 of 4 !!! Next >
