Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2017–2011 ($...

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Accounting

Selected comparative financial statements of Haroun Companyfollow.

HAROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 2017–2011
($ thousands)2017201620152014201320122011
Sales$2,780$2,435$2,215$2,030$1,895$1,762$1,444
Cost of goods sold2,0001,6261,3991,2251,1381,064848
Gross profit780809816805757698596
Operating expenses595465427315273269224
Net income$185$344$389$490$484$429$372
HAROUN COMPANY
Comparative Balance Sheets
December 31, 2017–2011
($ thousands)2017201620152014201320122011
Assets
Cash$137$181$189$192$200$197$204
Accounts receivable, net9861,036938719633600423
Merchandise inventory3,5692,5982,2701,9131,7181,4591,058
Other current assets92825191777841
Long-term investments000281281281281
Plant assets, net4,3664,3503,8042,1472,2191,9731,693
Total assets$9,150$8,247$7,252$5,343$5,128$4,588$3,700
Liabilities andEquity
Current liabilities$2,302$1,936$1,270$1,057$917$867$559
Long-term liabilities2,4592,1422,0849689881,070803
Common stock1,6651,6651,6651,4801,4801,2951,295
Other paid-in capital416416416370370324324
Retained earnings2,3082,0881,8171,4681,3731,032719
Total liabilities andequity$9,150$8,247$7,252$5,343$5,128$4,588$3,700


Required:
1. Complete the below table to calculate the trendpercents for all components of both statements using 2011 as thebase year. (Round your percentage answers to 1 decimalplace.)

Answer & Explanation Solved by verified expert
4.3 Ratings (637 Votes)

HAROUN COMPANY

Income Statement Trends

For the year ended December 31, 2017-2011

2017

2016

2015

2014

2013

2012

2011

Sales

192.5%

168.6%

153.4%

140.6%

131.2%

122.0%

100.0%

Cost of Goods Sold

235.8%

191.7%

165.0%

144.5%

134.2%

125.5%

100.0%

Gross Profit

130.9%

135.7%

136.9%

135.1%

127.0%

117.1%

100.0%

Operating Expenses

265.6%

207.6%

190.6%

140.6%

121.9%

120.1%

100.0%

Net Income

49.7%

92.5%

104.6%

131.7%

130.1%

115.3%

100.0%

HAROUN COMPANY

Comparative Balance Sheet Trends

December 31, 2017-2011

2017

2016

2015

2014

2013

2012

2011

Assets

Cash

67.2%

88.7%

92.6%

94.1%

98.0%

96.6%

100.0%

Accounts Receivables, Net

233.1%

244.9%

221.7%

170.0%

149.6%

141.8%

100.0%

Merchandise Inventory

337.3%

245.6%

214.6%

180.8%

162.4%

137.9%

100.0%

Other Current Assets

224.4%

200.0%

124.4%

222.0%

187.8%

190.2%

100.0%

Long term Investments

0.0%

0.0%

0.0%

100.0%

100.0%

100.0%

100.0%

Plant assets, net

257.9%

256.9%

224.7%

126.8%

131.1%

116.5%

100.0%

Total Assets

247.3%

222.9%

196.0%

144.4%

138.6%

124.0%

100.0%

Liabilities and Equity

Current Liabilities

411.8%

346.3%

227.2%

189.1%

164.0%

155.1%

100.0%

Long-Term Liabilities

306.2%

266.7%

259.5%

120.5%

123.0%

133.3%

100.0%

Common Stock

128.6%

128.6%

128.6%

114.3%

114.3%

100.0%

100.0%

Other Paid-in Capital

128.4%

128.4%

128.4%

114.2%

114.2%

100.0%

100.0%

Retained Earnings

321.0%

290.4%

252.7%

204.2%

191.0%

143.5%

100.0%

Total Liabilities and equity

247.3%

222.9%

196.0%

144.4%

138.6%

124.0%

100.0%


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