Question
Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 20212015 ($ thousands) 2021 2020 2019 2018
Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 20212015 ($ thousands) 2021 2020 2019 2018 2017 2016 2015 Sales $ 1,823 $ 1,597 $ 1,453 $ 1,331 $ 1,242 $ 1,155 $ 947 Cost of goods sold 1,311 1,066 917 803 746 698 556 Gross profit 512 531 536 528 496 457 391 Operating expenses 390 305 280 207 179 177 147 Net income $ 122 $ 226 $ 256 $ 321 $ 317 $ 280 $ 244 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 20212015 ($ thousands) 2021 2020 2019 2018 2017 2016 2015 Assets Cash $ 137 $ 181 $ 189 $ 192 $ 200 $ 197 $ 204 Accounts receivable, net 986 1,036 938 719 633 600 423 Merchandise inventory 3,569 2,598 2,270 1,913 1,718 1,459 1,058 Other current assets 92 82 51 91 77 78 41 Long-term investments 0 0 0 281 281 281 281 Plant assets, net 4,366 4,350 3,804 2,147 2,219 1,973 1,693 Total assets $ 9,150 $ 8,247 $ 7,252 $ 5,343 $ 5,128 $ 4,588 $ 3,700 Liabilities and Equity Current liabilities 2,302 $ 1,936 $ 1,270 $ 1,057 $ 917 $ 867 $ 559 Long-term liabilities 2,459 2,142 2,084 968 988 1,070 803 Common stock 1,665 1,665 1,665 1,480 1,480 1,295 1,295 Other paid-in capital 416 416 416 370 370 324 324 Retained earnings 2,308 2,088 1,817 1,468 1,373 1,032 719 Total liabilities and equity $ 9,150 $ 8,247 $ 7,252 $ 5,343 $ 5,128 $ 4,588 $ 3,700 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 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.)
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Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2015 as the base year. (Round your percentage answers to 1 decimal place.)
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