Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Yea

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Selected Comparative Financial Statements Of Haroun Company Follow Haroun Company Comparative Income Statements For Yea 1 (57.49 KiB) Viewed 71 times

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Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 2021 ($ thousands) Sales 2020 2019 2017 $ 1,840 1,323 $ 1,612 1,076 $ 1,467 2018 $1,344 $ 1,254 810 926 753 517 536 534 541 Cost of goods soldi Gross profit Operating expenses Net income 501 393 308 282 208 180 $ 124 $ 228 $ 259 $ 326 $ 321 HAROUN COMPANY Comparative Year-End Balance Sheets. December 31, 2021-2015 2020 (s thousands). Assets 2021 2019 2018 Cash $ 145 $ 191 $ 199 $ 203 $ 211 $ 208 $ 215 1,040 1,092 988 758 668 633 3,762 2,738 2,393 2,016 96 1,811 Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net 1,538 446 1,115 43 96 87 54 81 82 0 0 0 296 4,602 296 2,263 296 2,079 4,585 296 1,785 4,010 $7,644 2,338 $5,405 Total assets $ 9,645 $ 8,693 $ 5,632 $ 4,836 $ 3,900 Liabilities and Equity Current liabilities Long-term liabilities Common stock 2,426 $ 2,040 $ 1,338 $1,113 $ 966 $914 $ 589 2,256 2,195 1,019 1,041 1,128 846 2,590 1,755 1,755 1,755 1,560 1,560 1,365 1,365 Other paid-in capital 439 439 439 390 341 341 Retained earnings 2,203 2,435 390 1,550 1,917 1,448 1,088 759 Total liabilities and equity $9,645 $ 8,693 $7,644 $ 5,632 $5,405 $ 4,836 $ 3,900 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? (b) Did net income as a percent of sales grow over the past four years? (c) Did inventory increase over this period? 2016 $ 1,166 704 462 178 $ 284 2017 2015 $ 956 561 395 148 $ 247 2016 2015
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? (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 Required 1 Required 2 Comp IS Comp BS Complete the below table to calculate the trend percents for all components of comparative income statements using 2015 as the base year. (Round your percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2021-2015 2020 2019 2021 2018 2016 2017 2015 Sales % Cost of goods sold Gross profit Operating expenses Net income % 1% % % 100.0 % 100.0 100.0 100.0 100.0 %
Required 1 Required 1 Comp BS Required 2 Comp IS Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2015 as the base answers to 1 decimal place.) HAROUN COMPANY Balance Sheet Trends December 31, 2021-2015 2021 2019 2017 2016 2015 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 & equity % 2020 2018 % % % % % % % % 100.0 % 100.0 100.0 100.0 100.0 100.0 100.0 % 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 Required 1 Required 2 Comp IS Comp BS 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) 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? < Required 1 Comp BS Required 2 >