Friday, 24 February 2017

Selected comparative financial statements of Haroun Company follow.

Selected comparative financial statements of Haroun Company follow.
   
HAROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 2015–2009
  ($ thousands)  
2015
   
2014
   
2013
   
2012
   
2011
   
2010
  
2009
 
  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
Comparative Balance Sheets
December 31, 2015–2009
  ($ thousands)
 
2015
  
2014
  
2013
  
2012
  
2011
  
2010
  
2009
 
  Assets
                     
  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
                     
  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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