Selected comparative financial statements of Haroun Company follow. is thousands) Sales Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 $2,035 $1,782 $1,621 $1,486 $1,387 51,290 $1,057 1,462 1,189 1,023 895 832 278 620 593 598 591 512 437 436 313 231 200 197 164 $ 137 $ 252 $ 285 $ 362 $ 355 5 315 5 273 573 555 82 (5 thousands) 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 and equity HARON COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 $ 245 $ 1925 199 $ 2035 211 $ 208 5 215 1,40 1,292 988 758 668 633 446 3,762 2,738 2,393 2.016 1,811 1.538 1,115 96 87 54 96 81 43 296 296 296 296 4,602 4.585 4,010 2,263 2.338 2,079 1,785 59,645 $8,693 $7.644 $5,632 $5,45 $4,836 $3,900 $2,426 $2,040 51,338 $1,113 $. 945 914 $ 589 2,598 2,256 2,195 1,019 1.041 1,128 846 1,755 1,755 1,755 1,560 1.560 439 1.365 1,365 439 390 390 341 341 2.435 2,283 1.917 1.558 1,448 1.888 $9,645 $8,693 57,644 $5,632 $5.495 54,836 $3,900 759 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 income statements using 2013 as the base year. (Round your percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Year Ended December 31, 2019-2013 2010 2017 2016 2015 % 2019 2014 % Sales Cost of goods sold Gross profit Operating expenses Net Income 2013 100.0 100.0 1000 100,0 100.0 Required 1 Comp S > Required Comp IS Comp BS Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2013 as the base year. (Round your percentage answers to 1 decimal place.) HAROUN COMPANY Balance Sheet Trends December 31, 2019-2013 2017 2016 2019 2018 2015 2014 2013 % % % + 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 labis Common stock Other paid in capital Retained earnings Total abilities & guy 100.0 % 100.0 100.0 100.0 100.0 100.0 100.0 % % 100.0 % 100.0 1000 100.0 100.0 % 100,0% Required 1 Comp 15 Hequired 2 > Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2013 as the base year. 2. Refer to the results from part 1. (a) Did sales grow steadily over this period? (6) Did net income as a percent of sales grow over the past four years? (Did inventory increase over this period? Complete this question by entering your answers in the tabs below. Required 1 Required 1 Comp Is Como BS Required 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? (a) Did sales grow steadily over this period? (6) Did net income as a percent of sales grow over the past four years? (c) Did inventory increase over this period? Yes + No Yes Required 1 Comp BS
