4 Selected comparative financial statements of Haroun Company follow 4 points HA
ID: 2432389 • Letter: 4
Question
4 Selected comparative financial statements of Haroun Company follow 4 points HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2017-2011 20$1802 thousands) Sales Cost of goods sold Gross profit Operating expenses Net income 2017 2016 2015 2014 2013 2012 2011 $1,694 $1,496 $1,370 $1,264 $1,186 $1,110 $928 710 586 400 342 144 118 1,246 1,032 464 256 902 468 234 eBook Print References 448 330 462 170 434 146 $ 118208 234 $292288 256 $224 HAROUN COMPANY Comparative Balance Sheets December 31, 2017-2011 2017 2016 2015 2014 2013 2012 2011 ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets $ 58$ 78 $8284 360 1,838 1,364 1,204 1,032 88 $ 86 89 216 615 490 466 318 936 302 810 514 146 146 146 146 860EE 2,020 2,014 1,752 725 $4,442 $4,002 $3,518 $2,600 $2,494 $2,232 $1,800 Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $1,220 $1,042718 614 546 522 282 400 650 150 318 $4,442 $4,002 $3,518 $2,600 $2,494 $2,232 $1,800 1,294 1,140 1,112 1,000 1,000 1,000 250 438 570 850 170 396 580 850 170 620 650 150 290 250 250Explanation / Answer
HAROUN COMPANY
Income Statement Trends
For the year ended December 31, 2017-20177
2017
2016
2015
2014
2013
2012
2011
Sales
182.5%
161.2%
147.6%
136.2%
127.8%
119.6%
100.0%
Cost of Goods Sold
212.6%
176.1%
153.9%
136.9%
128.3%
121.2%
100.0%
Gross Profit
131.0%
135.7%
136.8%
135.1%
126.9%
117.0%
100.0%
Operating Expenses
279.7%
216.9%
198.3%
144.1%
123.7%
122.0%
100.0%
Net Income
52.7%
92.9%
104.5%
130.4%
128.6%
114.3%
100.0%
HAROUN COMPANY
Comparative Balance Sheet Trends
December 31, 2017-20177
2017
2016
2015
2014
2013
2012
2011
Assets
Cash
65.2%
87.6%
92.1%
94.4%
98.9%
96.6%
100.0%
Accounts Receivables, net
226.9%
238.0%
215.7%
166.7%
147.2%
139.8%
100.0%
Merchandise Inventory
298.9%
221.8%
195.8%
167.8%
152.2%
131.7%
100.0%
Other Current Assets
400.0%
355.6%
155.6%
377.8%
311.1%
311.1%
100.0%
Long term Investments
0.0%
0.0%
0.0%
100.0%
100.0%
100.0%
100.0%
Plant assets, net
278.6%
277.8%
241.7%
130.2%
134.9%
118.6%
100.0%
Total Assets
246.8%
222.3%
195.4%
144.4%
138.6%
124.0%
100.0%
Liabilities and Equity
Current Liabilities
432.6%
369.5%
254.6%
217.7%
193.6%
185.1%
100.0%
Long-Term Liabilities
323.5%
285.0%
278.0%
142.5%
145.0%
155.0%
100.0%
Common Stock
153.8%
153.8%
153.8%
130.8%
130.8%
100.0%
100.0%
Other Paid-in Capital
166.7%
166.7%
166.7%
113.3%
113.3%
100.0%
100.0%
Retained Earnings
213.2%
179.2%
137.7%
124.5%
109.4%
91.2%
100.0%
Total Liabilities and equity
246.8%
222.3%
195.4%
144.4%
138.6%
124.0%
100.0%
HAROUN COMPANY
Income Statement Trends
For the year ended December 31, 2017-20177
2017
2016
2015
2014
2013
2012
2011
Sales
182.5%
161.2%
147.6%
136.2%
127.8%
119.6%
100.0%
Cost of Goods Sold
212.6%
176.1%
153.9%
136.9%
128.3%
121.2%
100.0%
Gross Profit
131.0%
135.7%
136.8%
135.1%
126.9%
117.0%
100.0%
Operating Expenses
279.7%
216.9%
198.3%
144.1%
123.7%
122.0%
100.0%
Net Income
52.7%
92.9%
104.5%
130.4%
128.6%
114.3%
100.0%
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