Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Selected comparative financial statements of Haroun Company follow Comparative Income Statoments For Years Ended r 31, 2017-2011 ts 2017 $2,179 $1,909 $1,736 $1,592 $1,485 1,

image text in transcribed
image text in transcribed
image text in transcribed
Selected comparative financial statements of Haroun Company follow Comparative Income Statoments For Years Ended r 31, 2017-2011 ts 2017 $2,179 $1,909 $1,736 $1,592 $1,485 1, 381 1,132 1,566 1,274 1,096 833 Cost of goods sold Gross profit 635 640 633 468 613 465 364 334 246 213 211 175 Book Net income $ 148 271 306 387 $ 381337 293 Comparative Balance Sheets December 31, 2017-2011 2016 014 2013 2012 2011 S 100 132 138 $140 146 144 149 Accounts receivable, net 720 756 684 525 309 2,604 1,896 1,656 1,396 1,254 1,065 772 438 Merchandise inventory Other current asset:s 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 0205 205 205 205 3,186 3,174 2,777 1,567 1, 619 1,439 1,235 $6, 677 $6,018 $5,292 $3,899 $3,742 $3,348 $2,700 $1,680 $1,413 $ 927 771 s 669 633 408 1,794 1,563 1,521 706 721 781 586 1,215 1,215 1,215 1,080 1,080 945 945 304 304 304 270 270 236 236 1,684 1,523 1.325 1,072 1,002 753 525 $6, 677 $6,018 $5,292 $3, 899 $3,742 $3,348 $2,700 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2011 as the ba 8 Required 1. Complete the below table to calculate the trend percents for all components of both statements using 2011 as the your percentage answers to 1 decimal place.) 25 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 201 HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2017-2011 eferences 2017 2016 2015 2014 2013 2012 2011 %) 100.0 100.0 100.0 100.0 100.01%; %| Comp BS Complete this qutin by entering your answers in the tabs below. Comp Is Comp BS ook Complete the below table to calculate the trend percents for all components of comparative balance sheets using 201 1 ast HAROUN COMPANY Balance Sheet Trends December 31, 2017-2011 2017 2016 2015 2014 2013 2012 2011 Assets 100.01% 100.0 100.0 100.0 100.0 100.0 100.01% Cash net Long-term investments Plant assets, net 9 Liabilities and Equity %) 100.01%) 100.0 o search

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Impact Of Auditor Rotation On Audit Quality A Field Study From Egypt

Authors: Diana Mohamed

1st Edition

3848425378, 978-3848425372

More Books

Students also viewed these Accounting questions