Question: Please help thank you Problem 13-1A Calculating and analyzing trend percents LO P1 Selected comparative financial statements of Haroun Company follow. ($ thousands) Sales Cost

Please help thank you Problem 13-1A Calculating and analyzing trend percents LOP1 Selected comparative financial statements of Haroun Company follow. ($ thousands) SalesCost of goods sold Gross profit Operating expenses Net income HAROUN COMPANYComparative Income Statements For Years Ended December 31, 2019-2013 2019 2018 2017Please help thank you

Problem 13-1A Calculating and analyzing trend percents LO P1 Selected comparative financial statements of Haroun Company follow. ($ thousands) Sales Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 $2,720 $2,382 $2,168 $1,987 $1,854 $1,724 $1,413 1,955 1,590 1,368 1,197 1,113 1,040 829 765 792 800 790 741 684 584 582 455 417 308 267 263 219 $ 183 337 $ 383 482 $ 474 $ 421 $ 365 HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 126 $ 167 906 952 3,279 2,387 84 76 4,013 3,997 $8,408 $7,579 $ 173 $ 177 $ 184 $ 181 862 661 582 551 2,086 1,758 1,579 1,341 47 83 71 72 0 258 258 258 3,496 1,973 2,038 1,813 $6,664 $4,910 $4,712 $4,216 $ 187 389 972 37 258 1,557 $3,400 $2,113 $1,777 2,260 1,968 1,530 1,530 383 383 2,122 1,921 $8,408 $7,579 $1,166 $ 970 $ 841 $ 796 $ 513 1,915 889 908 984 738 1,530 1,360 1,360 1,190 1,190 383 340 340 298 298 1,670 1,351 1,263 948 661 $6,664 $4,910 $4,712 $4,216 $3,400 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2013 as the base year. 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? 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 2013 as the base year. (Round your percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2019-2013 2018 2017 2016 2019 2015 2014 2013 Sales % % % % % % 100.0 % 100.0 Cost of goods sold Gross profit Operating expenses 100.0 100.0 Net income % % % % % % 100.0 % 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 2013 as the base year. (Round your percentage answers to 1 decimal place.) HAROUN COMPANY Balance Sheet Trends December 31, 2019-2013 2017 2016 2019 2018 2015 2014 2013 Assets Cash % od % % % % 100.0 % 100.0 Accounts receivable, net Merchandise inventory 100.0 Other current assets 100.0 Long-term investments 100.0 Plant assets, net 100.0 Total assets % % % % % 100.0 % Liabilities and Equity Current liabilities % % % % % 100.0 % Long-term liabilities 100.0 Common stock 100.0 Other paid-in capital 100.0 Retained earnings 100.0 Total liabilities & equity % % % % % % 100.0 % Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2013 as the base year. 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? Complete this question by entering your answers in the tabs below. Required 1 Comp IS Required 1 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) (b) Did sales grow steadily over this period? Did net income as a percent of sales grow over the past four years? Did inventory increase over this period? (c)

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