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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, 2019-2013 2019 2018 2017 2016 2015 2014 2013 $2,006 $1,757 $1,598 $1,465 $1,367 $1,271 $1,042 1,443 1,174 1,010 884 821 768 612 563 583 588 581 546 503 430 430 337 309 228 197 195 162 $ 133 $ 246 $ 279 $ 353 $ 349 $ 308$ 268 j ok nt ncos HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 $ 115 $ 152 $ 158 $ 161 $ 168 $ 165 $ 171 826 868 786 531 503 355 2,990 2,177 1.902 1.602 1,439 887 77 69 43 76 65 34 0 0 0 236 236 236 3,658 236 3,644 3,187 1,799 1,859 1.653 1.417 $7,666 $6,910 $6,076 $4,476 $4,297 $3,844 $3,100 602 ($ 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 1,222 $1,927 $1,621 $1,063 3 885 $ 768 2,061 1,795 1.746 811 828 1,395 1,395 1.395 1,240 349 349 349 310 310 1,934 1,750 1,523 1.230 1.151 $7,666 $6,910 $6,076 $4,476 $4,297 1,240 $ 726 $ 468 897 673 1,085 1,085 271 271 865 603 $3,844 $3,100 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2013 as the base year. 2. Refer to the results from part 1 (0) Did sales grow steadily over this period? (b) Did net income as a percent of sales grow over the past four years? (Did Inventory increase over this period? Prev 1 of 5 !! Next > Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2013 as the bas 2. Refer to the results from part 1. (a) Did sales grow steadily over this period? (b) Did net income as a percent of sales gre past four years? (Did inventory increase over this period? Complete this question by entering your answers in the tabs below. Required 1 Comp IS Required 1 Comp BS Required 2 Complete the below table to calculate the trend percents for all components of comparative income statements using 2013 as percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 Sales % % % % % 100.0 % 100.0 100.0 Cost of goods sold Gross profit Operating expenses Net income 100.0 100.0 % % % % % % > Required Compis Required 1 Comp BS MR. Prev 1 of 5 Next . Comp IS CYMICU Comp BS Required 2 Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2013 as the base year. (Ro answers to 1 decimal place.) HAROUN COMPANY Balance Sheet Trends December 31, 2019-2013 2017 2016 2019 2018 2015 2014 2013 Assets Cash % % % % % 100.0 % 100.0 100.0 100.0 100.0 100.0 % % % % 100.0 % 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 & equity % % % % % 100.0 % 100.0 100.0 100.0 100.0 % % % % % 100.0 % Retained earnings Total liabilities and equity 310 310 271 271 1,934 1,750 1,523 1,230 1,151 865 603 $7,666 $6,910 $6,076 $4,476 $4,297 $3,844 $3,100 0.6 oints Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2013 as th 2. Refer to the results from part 1. (a) Did sales grow steadily over this period? (b) Did net income as a percent of sa past four years? (Did inventory increase over this period? eBook Complete this question by entering your answers in the tabs below. Print Required 1 Comp IS Required 1 Comp BS Required 2 References Refer to the results from part 1. (a) Did sales grow steadily over this period? (b) Did net income as a percent of sales 9 over the past four years? (c) Did Inventory increase over this period? (b) (c) Did sales grow steadily over this period? Did net income as a percent of sales grow over the past four years? Did inventory increase over this period?

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