Question

Problem 13-1A Calculation and analysis of trend percents LO A1, P1 Selected comparative financial statements of Haroun Company follow. ($ thousands) Sales Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2017-2011 2017 2016 2015 2014 2013 $2,206 $1,932 $1,758 $1,611 $1,504 1,587 1,291 1,110 972 903 619 641 648 639 473 370 339 250 217 $ 146 $ 271 $ 309 $ 389 $ 384 2012 2011 $1,398 $1,146 845 673 473 178 $ 339 $ 295 553 214 HAROUN COMPANY Comparative Balance Sheets December 31, 2017–2011 2017 2016 2015 2014 2013 2012 2011 $ 145 1,040 3,762 96 ($ thousands ) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 191 1,092 2,738 87 0 4,585 $8,693 $ 199 988 2,393 54 0 4,010 $ 7,644 $ 203 758 2,016 96 296 2,263 $5,632 $ 211 668 1,811 81 296 2,338 $5,405 $ 208 633 1,538 82 296 2,079 $4,836 $ 215 446 1,115 43 296 1,785 $3,900 4,602 $9,645 $ 2,426 2,590 1,755 439 2,435 $9,645 $2,040 2,256 1,755 439 2,203 $8,693 $1,338 2,195 1,755 439 1,917 $ 7,644 $1,113 1,019 1,560 390 1,550 $5,632 $ 966 1,041 1,560 390 1,448 $5,405 $ 914 1,128 1,365 341 1,088 $4,836 $ 589 846 1,365 341 759 $3,900

Answer 1

Sales HAROUN COMPANY Income Statements Trend For Year Ended December 31, 2017 - 2011 2016 2015 2014 168.6 % 153.4 % 140.6 % 191.8 % 164.9 % 144.4% 135.5% 137.0 % 135.1 % 207.9 % 190.4 % 140.4 % 91.9% 104.7 % 131.9% 2017 192.5% 235.8 % 130.9 % 265.7% 49.5% Cost of goods sold Gross Profit Operating expenses Net Income 2013 131.2 % 134.2 % 127.1 % 121.9 % 130.2% 2012 122.0 % 125.6% 116.9% 120.2 % 114.9 % 2011 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % Percentage = Current year amount / Base year amount) *100

HAROUN COMPANY Balance sheet Trends December 31, 2017 - 2011 2016 2015 2017 | 2014 2013 | 2012 2011 6/% 214.6% Assets: Cash Account receivable, net Merchandise Inventory Other Current assets Long term investment Plant assets, net Total assets Liabilities and Equity Current Liabilities Long term liabilities Common stock Other paid-in capital Retained earnings Total Liabilities and Equity 67.4% 233.2% 337.4% 223.3 % 0.0 % 257.8 % 247.3 % 88.8% 244.8% 245.6 % 202.3% 0.0 % 256.9% 222.9 % 94.4% 170.0 % 180.8 % 223.3 % 100.0 % 126.8 % 144.4 % 98.1 % 149.8% 162.4 % 188.4 % 100.0 % 131.0 % 138.6 % 96.7 % 141.9% 137.9 % 190.7 % 100.0 % 116.5 % 124.0 % 100.0 % 100.0 % 100.0 % 100.0% 100.0 % 100.0 % 100.0 % 0.0 % 224.6% 196.0 % 411.9 % 306.1 % 128.6 % 128.7 % 320.8% 247.3 % 346.3% 266.7 % 128.6 % 128.7 % 290.3% 222.9% 227.2 % 259.5% 128.6% 128.7% 252.6 % 196.0% 189.0 % 120.4 % 114.3 % 114.4 % 204.2% 144.4% 164.0 % 123.01% 114.3 % 114.4 % 190.8 % 138.6% 155.2 % 133.3% 100.0 % 100.0 % 143.3% 124.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 %