Chapter 17-Homework 10 Problem 17-1A Celculation and analysis of trend percents

Question

Chapter 17-Homework 10 Problem 17-1A Celculation and analysis of trend percents LO A1, P Selected comparative financial statements of Haroun Company follow 25 points HAROUN COMPANY Comparative Income Statenents For Years Ended Decentber 31, 2917-2811 Sales Cost of goods sold Gross profit Operating expenses Net income 2817 2816 201s 214 2013 2012 2911 $2,649 $2,328 $2,111 $1,935 $1,885 $1,679 $1,376 1,9e5 1.55e 1.333 1.167 1,e84 1,014988 744 770 778 768 721 665 568 566443 486 29926256 213 S 178 $ 327 $ 372 $ 469$ 461 $ 489 $ 355 HAROUN COMPANY Conparative Balance Sheets Decenber 31 2817-2811 281628152814 2813 2812 2811 Assets s 122 $162 $ 168 $ 172 178 s 176 s 182 535 379 3,183 2,317 2.824 1,786 1,532 1,3e2 944 888924836641 565 Accounts reveivable, net Other current assets Long-ters investoents 82 45 82 70 25125125125 3,894 : 3,195 979 Planit assets, net Total assets Liabilities and Equity _- $8,161 $7,356 $6,468 $4,765 $4,574 $4.092 $3,366 Current liabilities s2,e51 ss,725 $1.134 941 S 827 5 772 s 498 863 882 2,192 1,9101.858 1,485 1,485 1.485 4,328 1,329 1.155 1,155 Connon stock pther paid-io capital 172 138 372 2.862 18 .623.33 Required t. Comp ete tre ps ow tace to ca cu ara he trens percents for all oto your percentage answers to 1 decimal place using 20 a he sa year (Round Complete this question by entering your answers in the tabs bel

Explanation / Answer

Comp IS:

Comp BS:

2017 % 2016 % 2015 % 2014 % 2013 % 2012 % 2011 % Sales 192.5 168.6 153.4 140.6 131.2 122.0 100.0 Cost of goods sold 235.8 191.8 165.0 144.4 134.2 125.5 100.0 Gross profit 131.0 135.6 137.0 135.2 126.9 117.1 100.0 Operating expenses 265.7 208.0 190.6 140.4 122.1 120.2 100.0 Net income 50.1 % 92.1 % 104.8 % 132.1 % 129.9 % 115.2 % 100.0 %

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