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 2021 2020 2019 2018 $ 2,476 $ 2,168 $ 1,973 $ 1,808 1.780 1,448 1,246 1,690 696 720 727 718 529 414 280 $ 167 $ 306 $ 348 $ 438 2017 $ 1,687 1,013 674 243 $ 431 2016 $ 1,569 948 621 239 $ 382 2015 $ 1,286 755 531 199 $ 332 379 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 2021 2020 2019 2018 2017 2016 2015 $ 78 560 2,025 52 5 103 588 1,475 47 $ 107 532 1,288 29 e 2. 160 $ 4,116 ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-tern investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term Habilities Common stock Other paid in capital Retained earnings Total Habilities and equity $ 109 403 1.085 52 160 1.218 $ 3,032 $ 114 360 975 44 160 1,258 $ 2,911 $ 112 341 828 44 160 1.119 $ 2,604 $ 116 240 601 23 160 960 $ 2,100 2,478 $ 5,193 2,468 $ 4,681 $312 $ 1,098 1,216 456 1,305 1,396 945 236 1.311 55,193 $ 599 549 840 210 $720 1,183 945 236 1.032 $ 4,116 945 $ 520 561 840 210 780 $ 492 608 735 184 585 $ 2,604 236 1,186 $ 4,651 735 184 400 $ 2,100 $ 3,032 $ 2,911 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. () Did sales grow steadily over this period? (6) Did net income as a percent of sales grow over the past four years? (a) Did inventory increase over this period Complete this question by entering your answers in the tabs below. Required 1 Comp IS Required Comp BS Required 2 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 2015 as the base year. (Round y percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2021-2015 2020 2019 2018 2017 2016 2021 % % Sales Cost of goods sold Gross profit Operating expenses Net Income 2015 10001 100.0 1000 1000 100.0 Regume 1 Compis Required 1 Comp BS > quired 1 Comp IS Required 1 Comp BS Required 2 Emplete the below table to calculate the trend percents for all components of comparative balance sheets using 2015 as the base ye- Enswers to 1 decimal place.) HAROUN COMPANY Balance Sheet Trends December 31, 2021-2015 2016 2017 2015 2021 2020 2019 2018 Assets % % 100.0% 100.0 100.0 Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, not 100.0 1000 100.0 1000 % Total assets % % 100.0% 1000 100.0 Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid in capital Retained earnings Total liabilities & equity 1000 100.0 1000/% % 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) Did sales grow steadily over this period? (6) 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? Yes
