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

Selected comparative financial statements of Haroun Company follow.

HAROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 2017–2011
($ thousands) 2017 2016 2015 2014 2013 2012 2011
Sales $ 1,648 $ 1,443 $ 1,313 $ 1,204 $ 1,123 $ 1,044 $ 856
Cost of goods sold 1,184 963 828 725 674 630 502
Gross profit 464 480 485 479 449 414 354
Operating expenses 353 276 253 187 162 160 133
Net income $ 111 $ 204 $ 232 $ 292 $ 287 $ 254 $ 221
HAROUN COMPANY
Comparative Balance Sheets
December 31, 2017–2011
($ thousands) 2017 2016 2015 2014 2013 2012 2011
Assets
Cash $ 130 $ 172 $ 178 $ 182 $ 189 $ 187 $ 193
Accounts receivable, net 933 980 887 680 599 568 400
Merchandise inventory 3,376 2,458 2,147 1,809 1,625 1,380 1,001
Other current assets 87 78 48 86 73 74 39
Long-term investments 0 0 0 266 266 266 266
Plant assets, net 4,130 4,114 3,600 2,031 2,099 1,865 1,601
Total assets $ 8,656 $ 7,802 $ 6,860 $ 5,054 $ 4,851 $ 4,340 $ 3,500
Liabilities and Equity
Current liabilities $ 2,178 $ 1,832 $ 1,202 $ 1,000 $ 868 $ 820 $ 529
Long-term liabilities 2,327 2,027 1,972 916 936 1,013 760
Common stock 1,575 1,575 1,575 1,400 1,400 1,225 1,225
Other paid-in capital 394 394 394 350 350 306 306
Retained earnings 2,182 1,974 1,717 1,388 1,297 976 680
Total liabilities and equity $ 8,656 $ 7,802 $ 6,860 $ 5,054 $ 4,851 $ 4,340 $ 3,500


Required:
1. Complete the below table to calculate the trend percents for all components of both statements using 2011 as the base year. (Round your percentage answers to 1 decimal place.)

Complete this question by entering your answers in the tabs below.

  • Comp IS
  • Comp BS

Complete the below table to calculate the trend percents for all components of comparative income statements using 2011 as the base year.
HAROUN COMPANY
Income Statement Trends
For Years Ended December 31, 2017–2011
2017 2016 2015 2014 2013 2012 2011
Sales % % % % % % 100.0 %
Cost of goods sold 100.0
Gross profit 100.0
Operating expenses 100.0
Net income % % % % % % 100.0 %

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ekkarill92 answered 1 year ago
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