elected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years...
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elected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 20212015 ($ thousands) 2021 2020 2019 2018 2017 2016 2015 Sales $ 2,476 $ 2,168 $ 1,973 $ 1,808 $ 1,687 $ 1,569 $ 1,286 Cost of goods sold 1,780 1,448 1,246 1,090 1,013 948 755 Gross profit 696 720 727 718 674 621 531 Operating expenses 529 414 379 280 243 239 199 Net income $ 167 $ 306 $ 348 $ 438 $ 431 $ 382 $ 332 HAROUN COMPANY Comparative Year-End Balance Sh
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 2015 as the base year. (Round your percentage answers to 1 decimal place.)
HAROUN COMPANY
Balance Sheet Trends
December 31, 20212015
2021
2020
2019
2018
2017
2016
2015
Assets
Cash
%
%
%
%
%
%
100.0
%
Accounts receivable, net
100.0
Merchandise inventory
100.0
Other current assets
100.0
Long-term investments
100.0
Plant assets, net
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
Retained earnings
100.0
Total liabilities & equity
%
%
%
%
%
%
100.0
%
Answer & Explanation
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