Question
The condensed comparative statements of Uranium Mining Corporation follow: Uranium Mining Corporation Income Statement ($000) For Years Ended December 31 2020 2019 2018 2017 2016
The condensed comparative statements of Uranium Mining Corporation follow: Uranium Mining Corporation Income Statement ($000) For Years Ended December 31 2020 2019 2018 2017 2016 2015 2014 Net sales $ 1,237 $ 1,118 $ 1,042 $ 978 $ 932 $ 886 $ 784 Cost of goods sold 758 629 551 491 461 436 370 Gross profit from sales $ 479 $ 489 $ 491 $ 487 $ 471 $ 450 $ 414 Operating expenses 274 230 217 178 164 162 148 Profit $ 205 $ 259 $ 274 $ 309 $ 307 $ 288 $ 266 Uranium Mining Corporation Balance Sheet ($000) December 31 2020 2019 2018 2017 2016 2015 2014 Assets Cash $ 55 $ 67 $ 69 $ 70 $ 73 $ 72 $ 74 Accounts receivable, net 316 330 302 238 213 203 150 Inventory 1,085 800 704 601 544 468 354 Other current assets 42 39 28 40 37 37 26 Non-strategic investments 0 0 0 110 110 110 110 Plant and equipment, net 1,412 1,408 1,251 766 787 716 634 Total assets $ 2,910 $ 2,644 $ 2,354 $ 1,825 $ 1,764 $ 1,606 $ 1,348 Liabilities and Equity Current liabilities $ 700 $ 591 $ 399 $ 336 $ 296 $ 282 $ 191 Non-current liabilities 744 652 635 310 316 340 266 Common shares 890 890 890 762 762 630 630 Retained earnings 576 511 430 417 390 354 261 Total liabilities and equity $ 2,910 $ 2,644 $ 2,354 $ 1,825 $ 1,764 $ 1,606 $ 1,348 Required: Calculate trend percentages for the items of the statements using 2014 as the base year. (Round your final percentage answers to 1 decimal place.) PrevQuestion 2 of 3 Total2 of 3Visit question mapNext McGraw Hil
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