Question

HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2018-2012 ($ thousands) 2018 2017 2016 2015 2014 2013 2012 Sales $2,491 $2,182 $1,985 $1,819 $1,698 $1,579 $1,294 Cost of goods sold 1,792 1,458 1,254 1,097 1,020 1954 Gross profit 699 724 731 722 678 625 534 Operating expenses 534 418383 283 242 201 Net income $ 165 $ 306 $ 348 $ 439 $ 433 $ 383 $ 333 760 245 HAROUN COMPANY Comparative Balance Sheets December 31, 2018-2012 2018 2017 2016 2015 2014 2013 2012 $ 115 $ 152 $ 158 $ 161 $ 168 $ 165 $ 171 826 868 786 602 531 503 355 2,990 2,177 1,902 1,602 1,439 1,222 887 77 43 76 34 236 236 236 3,658 3,644 3,187 1,99 1,899 1,03 1,411 $7,666 $6,910 $6,076 $4,476 $4,297 $3,844 $3,100 69 65 64 236 ($ 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 0 $1,927 $1,621 $1,063 $ 885 $ 768 $726 $ 468 2,061 1,795 1,746 811 828 897 673 1,395 1,395 1,395 1,240 1,240 1,085 1,085 349 349 349 310 310 271 271 1,934 1,750 1,523 1,230 1,151 865 603 $7,666 $6,910 $6,076 $4,476 $4,297 $3,844 $3,100

Answer 1

Solution

HAROUN COMPANY
Income Statement Trends
For the year ended December 31, 2017-20177
	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%	144.3%	134.2%	125.5%	100.0%
Gross Profit	130.9%	135.6%	136.9%	135.2%	127.0%	117.0%	100.0%
Operating Expenses	265.7%	208.0%	190.5%	140.8%	121.9%	120.4%	100.0%
Net Income	49.5%	91.9%	104.5%	131.8%	130.0%	115.0%	100.0%

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HAROUN COMPANY
Comparative Balance Sheet Trends
December 31, 2017-20177
	2017	2016	2015	2014	2013	2012	2011
Assets
Cash	67.3%	88.9%	92.4%	94.2%	98.2%	96.5%	100.0%
Accounts Receivables,Net	232.7%	244.5%	221.4%	169.6%	149.6%	141.7%	100.0%
Merchandise Inventory	337.1%	245.4%	214.4%	180.6%	162.2%	137.8%	100.0%
Other Current Assets	226.5%	202.9%	126.5%	223.5%	188.2%	191.2%	100.0%
Long term Investments	0.0%	0.0%	0.0%	100.0%	100.0%	100.0%	100.0%
Plant assets, net	258.2%	257.2%	224.9%	127.0%	131.2%	116.7%	100.0%
Total Assets	247.3%	222.9%	196.0%	144.4%	138.6%	124.0%	100.0%
Liabilities amd Equity
Current Liabilities	411.8%	346.4%	227.1%	189.1%	164.1%	155.1%	100.0%
Long-Term Liabilities	306.2%	266.7%	259.4%	120.5%	123.0%	133.3%	100.0%
Common Stock	128.6%	128.6%	128.6%	114.3%	114.3%	100.0%	100.0%
Other Paid-in Capital	128.8%	128.8%	128.8%	114.4%	114.4%	100.0%	100.0%
Retained Earnings	320.7%	290.2%	252.6%	204.0%	190.9%	143.4%	100.0%
Total Liabilities and equity	247.3%	222.9%	196.0%	144.4%	138.6%	124.0%	100.0%