Problem 17-1A 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 Ended December 31, 2019-2013 2019 2010 2017 2016 2015 2014 2013 $1,798 $1,575 $1,433 $1,313 $1,225 $1,139 $934 1,292 1.051 904 791 735 688 540 506 524 529 522 490 451 386 385 301 276 204 174 145 $ 121 223 $ 253 S 319 $ 313 $277 $241 177 2016 HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 2018 2017 2015 2014 2013 $ 119 $ 157 $ 163 166 S $ 171 S 176 853 896 011 622 548 519 366 3,086 2,247 1,963 1,486 1,262 915 79 71 44 79 67 67 35 0 0 O 243 243 243 3,777 3,762 3,291 1,257 1,918 1,706 1.165 $7,914 $7,133 $6,272 $4,621 $4,435 $3,968 $3,200 173 1,654 ($ 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 243 $1,989 $1,673 $1,097 $ 913 $ 792 2, 125 1,851 1.801 836 854 1,440 1,440 1,140 1,280 1,200 360 360 360 320 2,000 1, 809 1,574 1,272 1.189 $7,914 $7,133 $6,272 $4,621 $4, 435 320 $ 749 $ 925 1, 120 1. 120 280 280 623 $3,968 $3,200 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. () Did sales grow steadily over this period? (0) 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. Complete the below table to calculate the trend percents for all components of both statements using 2013 as the base yea 2. Refer to the results from part 1. (a) Did sales grow steadily over this period? (6) Did net income as a percent of sales grow ou past four years? (Did inventory increase over this period? complete this question by entering your answers in the tabs below. Required 1 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 2013 as the percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2019-2013 2018 2017 2016 2019 2015 2014 2013 Sales % % % % % 100.0 % 100.0 100.0 Cost of goods sold Gross profit Operating expenses Net income 100.0 100.0% % % Regal comp is Required 1 Comp BS > Complete this question by entering your answers in the tabs below. Required 1 Comp IS Required 1 Comp BS Required 2 Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2013 as the base year. (R answers to 1 decimal place.) HAROUN COMPANY Balance Sheet Trends December 31, 2019-2013 2017 2016 2019 2018 2015 2014 2013 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 % % > Required 2 4 of 10 !!! & Prev
