Selected comparative financial statements of Haroun Company follow. (5 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 2012 2016 2015 2014 2013 $2,002 $1,753 $1,595 $1,462 $1,364 $1,269 $1,040 1,438 1170 1,007 881 819 766 610 564 583 588 581 545 503 430 428 335 307 226 196 194 161 $ 136 S 248 $281 $ 355 $ 349 $ 309 $ 269 HAROUN COMPANY Comparative Balance Sheeta December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 (5 thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total asseto Liabilities and Equity Current liabilities Long-term limbilities Common stock Other paid in capital Retained carnings Total liabilities and equity $ 119 $ 157 5 163 $ 166 173 $ 171 $ 176 853 896 811 622 548 519 366 3,086 2,247 1.953 1, 654 1,486 1,262 915 79 71 44 79 67 67 35 0 0 0 243 243 243 3,777 3.762 3,291 1,852 1,918 1,706 1,465 $7,914 $7.133 $6,272 $4,621 $4,435 $3968 $3,200 243 $1,989 $1,673 $1,097 $ 913 $ 792 749 $ 483 2,125 1.951 1,801 836 854 925 694 1,440 1,440 1.440 1.200 1,280 1.220 1,120 360 360 360 320 320 280 280 2.000 1309 1,574 1,272 11.189 894 623 $ 7,914 97.133 $6,272 $4,621 $4,435 $3.968 $3,200 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2013 as the bose year. 2. Refer to the results from part 1. (a) Did sales grow steadily over this period? (5) Did net income as a percent of sales grow over the past four years? ( Did Inventory increase over this period? 1. Complete the below table to calculate the trend percents for all components of both statements using 2013 as the base 2. Refer to the results from part 1. (a) Did sales grow steadily over this period? (5) Did net income as a percent of sales grov 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 th percentage answers to 1 decimal place.) HAROUN COMPANY Incomo Statomont Trends For Years Ended December 31, 2019-2013 2018 2017 2016 % % 2019 2015 2014 2013 % % 100.0% 100.0 Sales Cost of goods sold Gross profit Operating expenses Not income 100.0 100.0 % % % 100.0% Required 1 Comp BS > Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2013 as the base year. answers to 1 decimal place.) HAROUN COMPANY Balance Shoot Trenda December 31, 2010-2013 2017 2016 2019 2018 2015 2014 2013 Assets % 100.0% 100.0 100.0 100.0 100.0 100.0 100.0 % 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 pald-in capital Retained earringe Total liabilities & equity 100.0 % 100.0 100.0 100.0 100.0 100.0% 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? (6) Did net income as a percent of sales grow over the past four years? (c) Did inventory Increase over this period? (a) Did sales grow steadily over this period? 6. Did net income as a percent of sales grow over the past four years? Did inventory increase over this period? Yes
