Selected comparative financial statements of Haroun Company follow. points ($ 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 $1,694 $1,496 $1,370 $1,264 $1,186 $1,119 1,246 1,032 902 892 752 712 448 464 468 462 434 400 330 256 234 179 146 144 $ 118 $ 208 $ 234 $ 292 $ 288 $ 256 Skipped 2013 $928 586 342 118 $224 HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 2018 2017 Print 2016 2015 2014 2013 $ $ 58 499 1,838 36 78 514 1.364 32 216 615 References ($ 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 $ 82 466 1.204 14 3 1,752 $3,518 $ 84 362 1.932 34 146 944 $2,600 $ 88 318 936 28 146 978 $2,494 $ 86 $ 89 302 810 28 9 146 146 860725 $2,232 $1,800 2,820 $4,442 2.014 $4,02 $ 5 $1,229 1.294 1.299 258 678 $1,842 1.148 1.299 259 570 $ 718 1.112 1.809 258 $ 614 579 859 179 546 89 858 179 $ 522 6 29 658 158 $ 282 409 658 15e 438 348 $4,442 sa, e92 $3,518 2,692 s2,494 $2,232 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? (b) 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 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 Years Ended December 31, 2019-2013 2018 2017 2016 2019 2015 2014 Sales Cost of goods sold Gross profit Operating expenses Net income 2013 100.0 % 100.0 100.0 100.0 100.0 % SRIDUEU 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? (b) Did net income as a percent of sales grow over the past four years? () Did inventory increase over this period? eBook Complete this question by entering your answers in the tabs below. Print Required 1 Comp IS Required 1 Comp BS Required 2 References 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 100.0 % 100.0 100.0 100.0 100.0 100.0 100.0 % Total assets Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings 100.0 % 100.0 100.0 100.0 100.0 100.0 % Total liabilities & equity 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? (b) Did net income as a percent of sales grow over the past four years? (c) Did inventory increase over this period? Complete this question by entering your answers in the tabs below. Required 1 Comp IS Required 1 Comp 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) (b) (c) Did sales grow steadily over this period? Did net income as a percent of sales grow over the past four years? Did inventory increase over this period?
