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 $ 1,337 $ 1,218 $ 1,142 $ 1,078 $ 1,032 $ 986 $ 884 Cost of goods sold 783 654 576 516 486 461 395 Gross profit from sales $ 554 $ 564 $ 566 $ 562 $ 546 $ 525 $ 489 Operating expenses 299 255 242 203 189 187 173 Profit $ 255 $ 309 $ 324 $ 359 $ 357 $ 338 $ 316 Uranium Mining Corporation Balance Sheet ($000) December 31 2020 2019 2018 2017 2016 2015 2014 Assets Cash $ 60 $ 72 $ 74 $ 75 $ 78 $ 77 $ 79 Accounts receivable, net 326 340 312 248 223 213 160 Inventory 1,100 815 719 616 559 483 369 Other current assets 47 44 33 45 42 42 31 Non-strategic investments 0 0 0 120 120 120 120 Plant and equipment, net 1,462 1,458 1,301 816 837 766 684 Total assets $ 2,995 $ 2,729 $ 2,439 $ 1,920 $ 1,859 $ 1,701 $ 1,443 Liabilities and Equity Current liabilities $ 710 $ 601 $ 409 $ 346 $ 306 $ 292 $ 201 Non-current liabilities 754 662 645 320 326 350 276 Common shares 940 940 940 812 812 680 680 Retained earnings 591 526 445 442 415 379 286 Total liabilities and equity $ 2,995 $ 2,729 $ 2,439 $ 1,920 $ 1,859 $ 1,701 $ 1,443
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The condensed comparative statements of Uranium Mining Corporation follow: Uranium Mining Corporation Income Statement ($ 000) For Years Ended December 31 2020 2019 2018 2017 $1,337 $1,218 $1,142 $1,078 783 654 576 516 2016 $1,032 486 2015 $ 986 461 2014 $ 884 395 Net sales Cost of goods sold Gross profit from sales Operating expenses Profit $ 554 $ 564 $ 566 $ 562 $ 546 $ 525 $ 489 299 255 242 203 189 187 173 $ 255 $ 309 $ 324 $ 359 $ 357 $338 $316 Uranium Mining Corporation Balance Sheet ($000) December 31 2020 2019 2018 2017 2016 2015 2014 $ $ $ $ $ 60 326 1,100 47 0 1,462 $2,995 $ 72 340 815 44 0 1,458 $2,729 $ 74 312 719 33 0 1,301 $ 2,439 75 248 616 45 120 816 78 223 559 42 120 837 77 213 483 42 Assets Cash Accounts receivable, net Inventory Other current assets Non-strategic investments Plant and equipment, net Total assets Liabilities and Equity Current liabilities Non-current liabilities Common shares Retained earnings Total liabilities and equity 79 160 369 31 120 684 120 766 $1,920 $1,859 $1,701 $1,443 $ $ $ 201 710 754 940 591 $ 601 662 940 526 $ 2,729 $ 409 645 940 445 $2,439 $ 346 320 812 442 $1,920 306 326 812 415 292 350 680 379 $ 276 680 286 $1,443 $2,995 $1,859 $1,701 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.) URANIUM MINING CORPORATION Income Statement Trends (in %) For Years Ended December 31, 20142020 2020 2019 2018 2017 2016 2015 2014 Net sales 100.0 59.9 Cost of goods sold Gross profit Operating expenses Profit URANIUM MINING CORPORATION Balance Sheet Trends (in %) December 31, 20142020 2019 2018 2017 2020 2016 2015 2014 Assets Cash Accounts receivable, net Inventory Other current assets Investments Plant and equip., net Total assets Liabilities and Equity Current liabilities Non-current liabilities Common shares Retained earningsStep by Step Solution
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