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 | $ | 2,499 | $ | 2,188 | $ | 1,991 | $ | 1,825 | $ | 1,703 | $ | 1,584 | $ | 1,298 | ||||||||||||||
Cost of goods sold | 1,797 | 1,462 | 1,257 | 1,100 | 1,023 | 956 | 762 | |||||||||||||||||||||
Gross profit | 702 | 726 | 734 | 725 | 680 | 628 | 536 | |||||||||||||||||||||
Operating expenses | 534 | 418 | 383 | 283 | 245 | 242 | 201 | |||||||||||||||||||||
Net income | $ | 168 | $ | 308 | $ | 351 | $ | 442 | $ | 435 | $ | 386 | $ | 335 | ||||||||||||||
HAROUN COMPANY | |||||||||||||||||||||
Comparative Balance Sheets | |||||||||||||||||||||
December 31, 20152009 | |||||||||||||||||||||
($ thousands) | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||
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 2009 as the base year. (Round your percentage answers to 1 decimal place.) |
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