($ 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 $1,694 $1,496 $1,370 $1,264 $1,186 $1,110 $928 1,246 1,032 902 802 752 710 586 448 464 468 462 434 400 342 330 256 234 170 146 144 118 $ 118 $ 208 $ 234 $ 292 $ 288 $ 256 $ 224 HAROUN COMPANY Comparative Balance Sheets December 31, 20192013 2019 2018 2017 2016 2015 2014 2013 58 $ $ $ $ 490 1,838 36 0 2,020 $ 4,442 $ 78 514 1,364 32 0 2,014 $ 4,002 $ 82 466 1,204 14 0 1,752 $ 3,518 $ 84 360 1,032 34 146 944 ($ 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 88 318 936 28 146 978 86 302 810 28 146 860 89 216 615 9 146 725 $ 2,600 $ 2,494 $2,232 $1,800 $ $ $ 546 580 850 $1,220 1,294 1,000 250 678 $ 4,442 $1,042 1,140 1,000 250 570 $ 4,002 $ 718 1,112 1,000 250 438 $3,518 $ 614 570 850 170 396 $2,600 522 620 650 150 290 282 400 650 150 318 170 348 $ 2,494 $2,232 $1,800 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, 20192013 2019 2018 2017 2016 2015 2014 2013 Sales % % % % 100.0 % Cost of goods sold 100.0 Gross profit 100.0 Operating expenses 100.0 Net income % % % % % % 100.0 % Required 1 Comp IS Required 1 Comp BS Required 2 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 2019 2018 2017 2016 2015 2014 2013 Assets Cash % % % % % % 100.0 % 100.0 100.0 100.0 100.0 100.0 100.0 % % % % % % % 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 & equity % % % % % % 100.0 % 100.0 100.0 100.0 100.0 % % % % % % 100.0 % 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
