HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2014–2
ID: 2465389 • Letter: H
Question
HAROUN COMPANY
Comparative Income Statements For Years Ended December 31, 2014–2008 ($ thousands)
2014 2013 2012 2011 2010 2009 2008
Sales $ 1,694 $ 1,496 $ 1,370 $ 1,264 $ 1,186 $ 1,110 $ 928
Cost of goods sold 1,246 1,032 902 802 752 710 586
Gross profit 448 464 468 462 434 400 342
Operating expenses 330 256 234 170 146 144 118
Net income $ 118 $ 208 $ 234 $ 292 $ 288 $ 256 $ 224
HAROUN COMPANY
Comparative Balance Sheets
December 31, 2015–2009
($ thousands)
2015
2014
2013
2012
2011
2010
2009
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
1.
Complete the below table to calculate the trend percents for all components of both statements using 2009 as the base year.
HAROUN COMPANY
Income Statement Trends
For Years Ended December 31, 2015–2009
2015
2014
2013
2012
2011
2010
2009
Sales
%
%
%
%
%
%
100.0
%
Cost of goods sold
100.0
Gross profit
100.0
Operating expenses
100.0
Net income
%
%
%
%
%
%
100.0
%
HAROUN COMPANY
Balance Sheet Trends
December 31, 2015–2009
2015
2014
2013
2012
2011
2010
2009
Assets
Cash
%
%
%
%
%
%
100.0
%
Accounts receivable, net
100.0
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
%
HAROUN COMPANY
Comparative Balance Sheets
December 31, 2015–2009
($ thousands)
2015
2014
2013
2012
2011
2010
2009
Assets
Cash
$ 58 $ 78 $ 82 $ 84 $ 88 $ 86 $ 89Accounts receivable, net
490 514 466 360 318 302 216Merchandise inventory
1,838 1,364 1,204 1,032 936 810 615Other current assets
36 32 14 34 28 28 9Long-term investments
0 0 0 146 146 146 146Plant assets, net
2,020 2,014 1,752 944 978 860 725Total assets
$ 4,442 $ 4,002 $ 3,518 $ 2,600 $ 2,494 $ 2,232 $ 1,800Liabilities and Equity
Current liabilities
$ 1,220 $ 1,042 $ 718 $ 614 $ 546 $ 522 $ 282Long-term liabilities
1,294 1,140 1,112 570 580 620 400Common stock
1,000 1,000 1,000 850 850 650 650Other paid-in capital
250 250 250 170 170 150 150Retained earnings
678 570 438 396 348 290 318Total liabilities and equity
$ 4,442 $ 4,002 $ 3,518 $ 2,600 $ 2,494 $ 2,232 $ 1,800Explanation / Answer
for 2015 cash = 58/89 = 0.65
repeat the same calculation for other parts
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.