Selected comparative financial statements of Haroun Company follow. Required: 1. Complete the below table to calculate t

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Selected comparative financial statements of Haroun Company
follow.
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?

Selected Comparative Financial Statements Of Haroun Company Follow Required 1 Complete The Below Table To Calculate T 1 (50.94 KiB) Viewed 109 times

Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 $1,777 $1,556 $1,416 $1,298 $1,211 $1,126 $ 923 1,278 783 680 542 499 516 522 515 484 446 381 380 297 273 201 174 172 143 $ 119 $ 219 $ 249 $ 314 $ 310 $ 274 $ 238 1,040 894 ($ thousands) Sales Cost of goods sold Gross profit Operating expenses Net income 727 HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 $ $ 152 $ 201 $ 209 $ $ 213 $ $ 222 $ $ 219 $ 226 1,093 1,148 1,039 797 702 665 469 3,954 2,879 2,515 2,119 1,904 1,617 1,173 101 91 56 101 85 86 45 © 0 @ 312 312 312 4,839 4,820 2,378 2,185 1,875 $10,139 $9,139 $8,036 $5,920 $5,683 $5,084 $4,100 312 2,458 ($ 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 4,217 $ 2,549 $2,144 $1,406 $1,170 $1,015 $ 960 $ 619 2,725 2,374 2,310 1,072 1,096 1,186 899 1,845 1,845 1,845 1,640 1,640 1,435 1,435 461 461 461 410 410 359 359 2,559 2,315 2,014 1,628 1,522 1,144 797 $10,139 $9,139 $8,036 $5,920 $5,683 $5,084 $4,100 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? (6) 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

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, 2019-2013 2018 2017 2016 % 2019 2015 2014 2013 % 100.0 Sales Cost of goods sold Gross profit 100.0 100.0 100.0 Operating expenses Net income 100.0 % < Required 1 Comp IS Required 1 Comp BS >

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 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 % % % % % 100.0 % 100.0 Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net 100.0 100.00 100.0 100.0 Total assets % % % % % 100.0 % Liabilities and Equity Current liabilities % % % % % 100.0 % Long-term liabilities 100.0 Common stock 100.0 Other paid-in capital 100.0 100.0 Retained earnings Total liabilities & equity & % % % % % 100.0 % < Required 1 Comp IS Required 2 >

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) 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 >