Selected comparative financial statements of Haroun Company follow. |
HAROUN COMPANY | ||||||||||||||||||||||||||||
Comparative Income Statements | ||||||||||||||||||||||||||||
For Years Ended December 31, 2015–2009 | ||||||||||||||||||||||||||||
($ thousands) |
2015
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2014
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2013
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2012
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2011
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2010
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2009
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Sales | $ | 1,613 | $ | 1,413 | $ | 1,285 | $ | 1,178 | $ | 1,099 | $ | 1,022 | $ | 838 | ||||||||||||||
Cost of goods sold | 1,160 | 944 | 812 | 710 | 660 | 617 | 492 | |||||||||||||||||||||
Gross profit | 453 | 469 | 473 | 468 | 439 | 405 | 346 | |||||||||||||||||||||
Operating expenses | 345 | 270 | 248 | 183 | 158 | 156 | 130 | |||||||||||||||||||||
Net income | $ | 108 | $ | 199 | $ | 225 | $ | 285 | $ | 281 | $ | 249 | $ | 216 | ||||||||||||||
HAROUN COMPANY
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Comparative Balance Sheets
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December 31, 2015–2009
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($ thousands)
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2015
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2014
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2013
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2012
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2011
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2010
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2009
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Assets
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Cash
| $ | 148 | $ | 196 | $ | 204 | $ | 208 | $ | 216 | $ | 213 | $ | 220 | |||||||
Accounts receivable, net
| 1,066 | 1,120 | 1,014 | 777 | 685 | 649 | 458 | ||||||||||||||
Merchandise inventory
| 3,858 | 2,809 | 2,454 | 2,068 | 1,857 | 1,577 | 1,144 | ||||||||||||||
Other current assets
| 99 | 89 | 55 | 98 | 83 | 84 | 44 | ||||||||||||||
Long-term investments
| 0 | 0 | 0 | 304 | 304 | 304 | 304 | ||||||||||||||
Plant assets, net
| 4,721 | 4,702 | 4,113 | 2,321 | 2,399 | 2,133 | 1,830 | ||||||||||||||
Total assets
| $ | 9,892 | $ | 8,916 | $ | 7,840 | $ | 5,776 | $ | 5,544 | $ | 4,960 | $ | 4,000 | |||||||
Liabilities and Equity
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Current liabilities
| $ | 2,487 | $ | 2,092 | $ | 1,372 | $ | 1,142 | $ | 991 | $ | 937 | $ | 604 | |||||||
Long-term liabilities
| 2,658 | 2,315 | 2,252 | 1,046 | 1,069 | 1,157 | 868 | ||||||||||||||
Common stock
| 1,800 | 1,800 | 1,800 | 1,600 | 1,600 | 1,400 | 1,400 | ||||||||||||||
Other paid-in capital
| 450 | 450 | 450 | 400 | 400 | 350 | 350 | ||||||||||||||
Retained earnings
| 2,497 | 2,259 | 1,966 | 1,588 | 1,484 | 1,116 | 778 | ||||||||||||||
Total liabilities and equity
| $ | 9,892 | $ | 8,916 | $ | 7,840 | $ | 5,776 | $ | 5,544 | $ | 4,960 | $ | 4,000 | |||||||
Required: | |
1. |
Complete the below table to calculate the trend percents for all components of both statements using 2009 as the base year. (Round your percentage answers to 1 decimal place.)
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