Question

Serectea comparative financial statements of Haroun company TONOW. (5 thousands) HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2017-2011 2017 2016 2015 2014 $2,275 $1.993 $1,313 $1,662 1,636 1,331 1,145 1.002 2013 2012 $1,551 $1,442 931 871 2011 $1,182 Cost of goods sold Gross profit Operating expenses Net income 57 $ 153 $ 397 $351 $ 35 (5 thousands) HAROUN COMPANY Comparative Balance Sheets December 31, 2017-2011 2017 2016 2015 $ 119 $ 157 $ 163 353 96 811 3,086 2.247 1,963 2014 2013 2012 2011 166 622 1.654 175 $ 173 543 1.486 174 5 1 1.262 Accounts receivable, net Merchandise inventory Other Curret Long-term investments LORE Cts.net Total assets Llabilities and Equity Current lities Long-ters liabilities 3722 57,914 3.762 $7,133 3.291 56,272 1,852 $4,621 243 1.918 54,435 1,795 53,968 1,465 $3,200 $1,989 5 792 5 749 Other paid in capital Retained marines Totalities and evity $1,673 1.052 1, 0 360 1.399 $7.133 $1.29 $ 913 1.01 3 25 1.40 1.250 3692 1.574 1.272 56.272 $4,621 1,250 2.000 57.914 1.189 $4,435 $3.68 $3,200 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2011 as the base year your percentage o wers to 1 decimal place.) Complete this question by entering your answers in the tabs below. Como IS Compas Complete the below table to calculate the trend percents for all components of comparative income statements using 2011 as the base HAROUN COMPANY here to search Prey 1 of

Answer 1

Solution

HAROUN COMPANY
Income Statement Trends
For the year ended December 31, 2017-20177
	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	235.7%	191.8%	165.0%	144.4%	134.1%	125.5%	100.0%
Gross Profit	130.9%	135.7%	136.9%	135.2%	127.0%	117.0%	100.0%
Operating Expenses	265.6%	207.7%	190.7%	140.4%	121.9%	120.2%	100.0%
Net Income	50.2%	92.5%	104.6%	132.1%	130.2%	115.1%	100.0%

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HAROUN COMPANY
Comparative Balance Sheet Trends
December 31, 2017-20177
	2017	2016	2015	2014	2013	2012	2011
Assets
Cash	67.6%	89.2%	92.6%	94.3%	98.3%	97.2%	100.0%
Accounts Receivables,Net	233.1%	244.8%	221.6%	169.9%	149.7%	141.8%	100.0%
Merchandise Inventory	337.3%	245.6%	214.5%	180.8%	162.4%	137.9%	100.0%
Other Current Assets	225.7%	202.9%	125.7%	225.7%	191.4%	191.4%	100.0%
Long term Investments	0.0%	0.0%	0.0%	100.0%	100.0%	100.0%	100.0%
Plant assets, net	257.8%	256.8%	224.6%	126.8%	130.9%	116.5%	100.0%
Total Assets	247.3%	222.9%	196.0%	144.4%	138.6%	124.0%	100.0%
Liabilities amd Equity
Current Liabilities	411.8%	346.4%	227.1%	189.0%	164.0%	155.1%	100.0%
Long-Term Liabilities	306.2%	266.7%	259.5%	120.5%	123.1%	133.3%	100.0%
Common Stock	128.6%	128.6%	128.6%	114.3%	114.3%	100.0%	100.0%
Other Paid-in Capital	128.6%	128.6%	128.6%	114.3%	114.3%	100.0%	100.0%
Retained Earnings	321.0%	290.4%	252.6%	204.2%	190.9%	143.5%	100.0%
Total Liabilities and equity	247.3%	222.9%	196.0%	144.4%	138.6%	124.0%	100.0%