Question
Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 20152009 ($ thousands) 2015 2014 2013 2012
Selected comparative financial statements of Haroun Company follow. |
HAROUN COMPANY | ||||||||||||||||||||||||||||
Comparative Income Statements | ||||||||||||||||||||||||||||
For Years Ended December 31, 20152009 | ||||||||||||||||||||||||||||
($ thousands) | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||||
Sales | $ | 1,694 | $ | 1,496 | $ | 1,370 | $ | 1,264 | $ | 1,186 | $ | 1,110 | $ | 928 | ||||||||||||||
Cost of goods sold | 1,246 | 1,032 | 902 | 802 | 752 | 710 | 586 | |||||||||||||||||||||
Gross profit | 448 | 464 | 468 | 462 | 434 | 400 | 342 | |||||||||||||||||||||
Operating expenses | 330 | 256 | 234 | 170 | 146 | 144 | 118 | |||||||||||||||||||||
Net income | $ | 118 | $ | 208 | $ | 234 | $ | 292 | $ | 288 | $ | 256 | $ | 224 | ||||||||||||||
HAROUN COMPANY | |||||||||||||||||||||
Comparative Balance Sheets | |||||||||||||||||||||
December 31, 20152009 | |||||||||||||||||||||
($ thousands) | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||
Assets | |||||||||||||||||||||
Cash | $ | 58 | $ | 78 | $ | 82 | $ | 84 | $ | 88 | $ | 86 | $ | 89 | |||||||
Accounts receivable, net | 490 | 514 | 466 | 360 | 318 | 302 | 216 | ||||||||||||||
Merchandise inventory | 1,838 | 1,364 | 1,204 | 1,032 | 936 | 810 | 615 | ||||||||||||||
Other current assets | 36 | 32 | 14 | 34 | 28 | 28 | 9 | ||||||||||||||
Long-term investments | 0 | 0 | 0 | 146 | 146 | 146 | 146 | ||||||||||||||
Plant assets, net | 2,020 | 2,014 | 1,752 | 944 | 978 | 860 | 725 | ||||||||||||||
Total assets | $ | 4,442 | $ | 4,002 | $ | 3,518 | $ | 2,600 | $ | 2,494 | $ | 2,232 | $ | 1,800 | |||||||
Liabilities and Equity | |||||||||||||||||||||
Current liabilities | $ | 1,220 | $ | 1,042 | $ | 718 | $ | 614 | $ | 546 | $ | 522 | $ | 282 | |||||||
Long-term liabilities | 1,294 | 1,140 | 1,112 | 570 | 580 | 620 | 400 | ||||||||||||||
Common stock | 1,000 | 1,000 | 1,000 | 850 | 850 | 650 | 650 | ||||||||||||||
Other paid-in capital | 250 | 250 | 250 | 170 | 170 | 150 | 150 | ||||||||||||||
Retained earnings | 678 | 570 | 438 | 396 | 348 | 290 | 318 | ||||||||||||||
Total liabilities and equity | $ | 4,442 | $ | 4,002 | $ | 3,518 | $ | 2,600 | $ | 2,494 | $ | 2,232 | $ | 1,800 | |||||||
Required: | |
1. | Complete the below table to calculate the trend percents for all components of both statements using 2009 as the base year. (Round your percentage answers to 1 decimal place.) |
Trend percents for | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
Sales | |||||||
COGS | |||||||
Gross Profit | |||||||
Operating Expense | |||||||
Net Income |
Balance Sheet Trends | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
Assets | |||||||
Cash | |||||||
Accounts Receivables | |||||||
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 |
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