Selected comparative financial statements of Haroun Company follow. BAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 2021 ($ thousands) Sales 2020 2019 2018 $ 2,493 1,792 Cost of goods sold Gross profit Operating expenses $ 2,183 1,458 725 418 $ 1,987 1,254 733 383 2017 $1,699 1,020 679 245 $ 1,821 1,097 724 283 701 534 Net income $ 167 $ 307 $350 $441 $ 434 BAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015. ( thousands) Assets b021 2020 2019 2018 Cash $ 134 $ 187 $ 192 $198 960 3,472 $ 177 1,008 2,528 80 Accounts receivable, net Merchandise inventory. Other current assets Long-term investments Plant assets, net $ 183 912 2,209 49 412 89 $195 616 1,672 75 274 2,158 700 1,861 88 274 2,088 $5,198 0 0 4,231 584 1,420 76 274 1,918 $4,464 0 3,703 $7,056 1,030 40 274 1,646 $3,500 4,248 Total assets $ 8,903 $ 8,024 $ 4,990 $ 1,884 $ 1,236 $ 892 $844 $544 Liabilities and Equity Current liabilities Long-term liabilities. Common stock 961 1,041 281 2,240 2,391 1,620 405 2,247 2,083 1,620 2,027 1,620 $1,028 941 1,440 360 1,429 1,260 1,260 Other paid-in capital 315 315 405 2,032 405 1,768 1,440 360 1,337 $ 4,990 $ 4,464 Retained earnings 1,004 700 $ 8,903 Total liabilities and equity $ 8,024 $7,056 $5,198 $3,600 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? (c) Did inventory increase over this period? Complete this question by entering your answers in the tabs below. Required 1 Required 1 Required 2 w MH 2016 $ 1,580 954 626 242 $384 2017 2015 $1,295 760 535 201 $ 334 2016 2015 $8,024 $7,056 $5,198 $ 4,990 $ 4,464 $3,600 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? (c) Did inventory increase over this period? Complete this question by entering your answers in the tabs below. Required 1 Required 1 Required 2 Comp IS Comp BS Complete the below table to calculate the trend percents for all components of comparative Income statements using 2015 as the base year. (Round your percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2021-2015 2021 2020 2019 2016 2017 2016 2015 Sales Cost of goods sold Gross profit Operating expenses Net income Required 1 Comp BS > 1 of 3 % Prey 100.0 100.0 1000 100.0 100.0 Next > 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 2015 as the ba answers to 1 decimal place.) HAROUN COMPANY Balance Sheet Trends December 31, 2021-2015. 2021 2019 2018 2017 2016 2015 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 & equity 2020 38 % % Required 1 Comp IS % % 96 Required 2 > 100.0 % 100.0 100.0 100.0 100.0 100.0 100.0 % 100.0 % 100.0 100,0 100.0 100.0 100.0 % Required: 1. Complete the below table to calculate the trend percents for all components of both statement 2. Refer to the results from part 1. (a) Did sales grow steadily over this period? (b) Did net income past four years? (c) Did inventory increase over this period? Complete this question by entering your answers in the tabs below. Required 1 Required 1 Comp BS Required 2 Comp IS Refer to the results from part 1. (a) Did sales grow steadily over this period? (b) Did net income as a 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?
