70.2K
Verified Solution
Link Copied!




HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2017-2011 2015 2013 2012 ($ thousands) Sales Cost of goods sold Gross profit Operating expenses Net income 2011 $2,039 $1,785 $1,625 $1,489 $1,389 $1,292 $1,059 622 437 164 $ 136 251 286 360 $ 354 $ 314 $ 273 2017 2016 2014 1,4671,193 1,026 599 313 572 436 592 341 898 591 231 835 554 200 781 511 197 HAROUN COMPANY Comparative Balance Sheets December 31, 2017-2011 2013 ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets 2017 2016 2015 2014 2012 2011 $ 126 $167 173 $ 177184 $ 181$ 187 389 972 37 258 4,013 3,9973,496 1,973 2,038 1,813 1,557 $8,408 $7,579 $6,664 $4,910 $4,712 $4,216 $ 3,400 551 3,279 2,387 2,086 1,758 1,579 1,341 72 258 906 952 862 661 582 84 47 83 258 71 258 76 Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equit;y $2,113 $1,777 $1,166 $ 970 $ 841 $ 796 513 738 1,530 1,530 1,530 1,360 1,360 1,190 1,190 298 661 $8,408 $7,579 $6,664 $4,910 $4,712 $4,216 $3,400 2,260 1,968 1,915 889 908 984 340 2,122 1,921 1,670 1,351 1,263 383 383 383 340 298 948 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 Cost of goods sold Gross profit Operating expenses Net income % 100.0 100.0 100.0 100.0 %, 100.0 Comp IS Comp BS> Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2011 as the base year HAROUN COMPANY Balance Sheet Trends December 31, 2017-2011 2017 2016 2015 2014 2013 2012 2011 Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets % 100.0% 100.0 100.0 100.0 100.0 100.0 100.01% %, Liabilities and Equity 100.01% 100.0 100.0 100.0 100.0 100.01% Current liabilities ong-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities& equity %
Answer & Explanation
Solved by verified expert