Selected comparative financial statements of Haroun Company follow ($thousands Sales Cost of goods sold Gross profit Operating expenses Net Income HAROUN COMPANY Comparative Income Statements For Year Ended December 31, 2021-2015 2021 2020 2019 2018 2012 5 2,004 $ 1,755 $ 1,597 $ 1,464 $ 1.366 2,441 1/172 1,003 8B2 320 563 583 589 582 546 335 307 226 196 $ 135 $ 248 $ 2B2 $ 356 $ 350 2018 51,270 767 503 194 $ 309 2013 $ 1.041 611 430 161 $ 269 420 2017 2016 2015 $ 149 BOAROON COMPANY Comparative Year-End Balance Sheet December 31, 2021-2015 2021 2020 2019 2020 S 96 5 122 $ 132 $ 1.35 693 728 659 505 2,508 1,825 1.995 1344 64 58 36 198 3,069 3057 2/6974 504 5 6,4305 5.735 BIS 9.096 52,454 thousands Assets Cash Accounts receivable, et Merchandise inventory Other current assets Long-term investments Plant andet net Totalt Liabilities and Equity Current liabilities Long-term liabilities Come on stock Other paid in capital Retained earni Total llabilities and equity $ 141 US 50 190 3555 13,604 5139 422 1.025 55 19 15 $13.224 744 29 198 1,19 $2,600 1.610 1,722 1,170 293 1,622 $6,400 S 1,061 1,504 464 1,270 1179 293 29 1,467 1,276 55,795 5.096 $743 580 go 260 33 $3754 SH665 690 1040 260 965 S60 S BD 752 10 221 24 3:22 333 564 910 220 S05 312.600 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? ( Did net income as a percent of sales grow over the past four years? ( Did inventory increase over this porlod? Complete this question by entering your answers in the tabs below. Required 1 Required Required 2 Comp IS Comp B Required 1 Comp BS Complete the below table Srcents for all components of comparative Income statements using 2015 as the base year. (Round your percentage answers to I decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2021-2015 2020 2019 2018 2021 2017 2016 2015 Sales Cost of goods sold Gross profit Operating expenses Net Income 100.0 1000 100.0 1000 1000 Required 1 Comp BS > Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2015 as the base year. (Ro answers to I decimal place) HAROUN COMPANY Balance Sheet Trends December 31, 2021-2015 2019 2018 2021 2020 2017 2016 2015 Assets 40 100.0 1000 100.0 Cash Accounts receivable, nel Merchandise inventory Other current assets Long-term investments Plant assets, net 100.0 100.0 100.0 Total assets % 100.0 100.014 100.0 Liabilities and Equity Current liabilities Long-term abilities Common stock Other paid in capital Retained earnings 100,0 100.0 100.0 100.0 Total liabilities & equity Complete this question by entering your answers in the tabs below. nces Required 1 Required 1 Comp IS Comp BS Required 2 Refer to the results from part 1. (a) Did sales grow steadily over this period? (6) Dld net income as a percent of sales grow over the past four years? (c) Did Inventory increase over this period? (a) Did sales grow stoaday 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?
