Selected comparative financlal statements of Haroun Company follow Comparative I
ID: 2519388 • Letter: S
Question
Selected comparative financlal statements of Haroun Company follow Comparative Income Statenents For Years Ended Decenber 31, 2817-2811 2817 2016 2815 2814 2813 2812 2011 Sales Cost of goods sold Gross profit Operating expenses Net income $2,243 $1,964 $1,787 $1,638 $1,528 $1,421 $1,165 1.613 1,312 1,129 988 918 858 376 254 221218181 $ 149 276 $ 313 S 396 $ 389 $ 345 $ 300 HAROUN COMPANY Conparative Balance Sheets December 31, 2817-2811 28172016 2815281428132812 2811 143 146 $ 151 149 $ 154 2,700 1,966 1,718 1,447 1,300 1,184801 Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investnents Plant assets, net Total assets Liabilities and Equity Current 1iabilities Long-term liabilities Connon stock Other peid-in capital Retained earnings Total Ilabilities and equity s184 746 137 479 454 e 213 213 213 213 3.385 3 292 2.8791.624 1.681.4931.281 $6,924 $6,241 $5,488 $4,843 $3,881 $3,472 $2,800 $1,742 1,465 961 $ 799 $ 694 $ 656 s 423 1,862 1,622 1,578 733 81e 1,260 1,260 1,268 1,128 1,128 988 988 015 1.745 .579374 1.111 3.83978 $6,924 $6.241 $5.488 $4.,843 $3.881 $3.472 $2,BeeExplanation / Answer
Haroun Company
Haroun Company
Trend percentages
2017
2016
2015
2014
2013
2012
2011
Sales
192.50%
168.60%
153.40%
140.60%
131.10%
122%
100%
Cost of goods sold
235.80%
191.80%
165.10%
144.40%
134.20%
125.40%
100%
Gross profit
131%
135.60%
136.80%
135.10%
126.80%
117%
100%
operating expenses
265.70%
207.70%
190.60%
140.30%
122.10%
120.40%
100%
Net Income
49.70%
92%
104.30%
132%
129.70%
115%
100%
Haroun Company
Trend Percentages
2017
2016
2015
2014
2013
2012
2011
Assets:
Cash
67.50%
89%
92.90%
94.80%
98%
96.80%
100%
Accounts Receivable, net
233.10%
245%
221.90%
170%
149.70%
141.90%
100%
Merchandise Inventory
337.10%
245.40%
214.50%
180.60%
162.30%
137.80%
100%
Other Current Assets
222.60%
200%
122.60%
222.60%
187.10%
190.30%
100%
Long-term investments
0%
0%
0%
100%
100%
100%
100%
Plant assets, net
258%
257%
224.70%
126.80%
131.10%
116.50%
100%
Total Assets
247.30%
222.90%
196%
144.40%
138.60%
124%
100%
Trend percentage for each component of income statement and balance sheet using 2011 as base year is calculated as follows,
(Current year value/base year value) x 100
For instance, trend percentage of sales 2017
= (2,243/1,165) x100 = 192.5%
For instance, trend percentage of merchandise inventory for 2015
= (1,718/801) x 100 = 214.5%
Haroun Company
Trend percentages
2017
2016
2015
2014
2013
2012
2011
Sales
192.50%
168.60%
153.40%
140.60%
131.10%
122%
100%
Cost of goods sold
235.80%
191.80%
165.10%
144.40%
134.20%
125.40%
100%
Gross profit
131%
135.60%
136.80%
135.10%
126.80%
117%
100%
operating expenses
265.70%
207.70%
190.60%
140.30%
122.10%
120.40%
100%
Net Income
49.70%
92%
104.30%
132%
129.70%
115%
100%
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