Question: Need Help solving the entire problem Selected comparative financial statements of Haroun Company follow. (5 thousands) Sales Cost of goods sold Gross profit Operating expenses

Need Help solving the entire problem
Need Help solving the entire problem Selected comparative financial statements of Haroun
Company follow. (5 thousands) Sales Cost of goods sold Gross profit Operating
expenses Net income HAROUN COMPANY Comparative Income Statements For Years Ended December
31, 2021-2015 2021 2020 2019 2018 $ 1,767 $ 1,548 $ 1,408

Selected comparative financial statements of Haroun Company follow. (5 thousands) Sales Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 2021 2020 2019 2018 $ 1,767 $ 1,548 $ 1,408 $ 1,291 1,271 1,034 889 778 496 514 519 513 377 295 271 200 $ 119 $ 219 $ 248 $ 313 2017 $1,284 723 481 173 $ 308 2016 $1,120 676 444 171 $ 273 2015 $ 918 539 379 142 $ 237 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 (5 thousands) 2021 2020 2019 Assets 2018 2017 2016 2015 Cash $ 119 $ 157 Accounts receivable, net $ 163 $ 166 $ 173 5 171 $ 176 853 896 Merchandise inventory 811 622 548 519 366 Other current assets 3,086 2,247 1,963 1,654 1,486 1,262 915 79 71 44 Long-term investments 79 67 67 35 9 Plant assets, net 243 243 243 243 2,277 3.762 3,292 1,857 1,918 Total assets 1.786 1,465 $ 7,914 $ 7,133 $ 6,272 54,621 $ 4,435 Liabilities and Equity $ 3,968 $ 3,200 Current Ilabilities 1,989 $ 1,673 $ 1,097 Long-term liabilities $ 913 $ 792 $ 749 5483 2,125 Common stock 1,851 1,801 836 854 1,440 925 694 Other paid in capital 1,440 1,440 1,280 1,280 360 1,120 360 1,120 360 Retained earnings 32e 320 280 280 2.000 1,809 1,574 1,272 1,189 894 623 Total liabilities and equity $ 7,914 $ 7,133 $ 6,272 $ 4,621 $ 4,435 5 3,968 $ 3,200 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2015 as the base year. 2. Refer to the results from part 1. (a) Did sales grow steadily over this period? (6) Did net income as a percent of sales grow over the past four years? (c) 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 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 2015 as the base year. (Round your percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2021-2015 2020 2019 2018 2021 2017 2016 96 Sales Cost of goods sold Gross profit Operating expenses Net Income 2015 100014 1000 1000 100.0 100.0 RDIS Required 1 Comp BS > 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 balance sheets using 2015 as the base year. (Round your percentage answers to 1 decimal place) HAROUN COMPANY Balance Sheet Trends December 31, 2021-2015 2019 2018 2021 2020 2017 2016 2015 % % 100 % 100.0 1000 1000 1000 100.0 Assets Cash Accounts receivable net Merchandise inventory Other current assets Long term investments Plant assets.net Total assets Liabilities and Equity Current labas Long-term liabilities Common stock Other paid in capital Retained earning Total abilities & equity 1000% 1000 100.0 1000 1000 1000 1000% Complete this question by entering your answers in the tabs below. Required 1 Required 1 Comp IS Comp BS Required 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 grow over the past four years? (c) Did inventory increase over this period? (a) Did sales grow steadily over this period? (6) Did net income as a percent of sales grow over the past four years? (c) Did inventory increase over this period?

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