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Selected comparative financial statements of Haroun Company follow. Required: 1. Complete
the below table to calculate the trend percents for all components of both staternents 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?

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Selected comparative financial statements of Haroun Company follow. R.pdf

  • 1. Selected comparative financial statements of Haroun Company follow. Required: 1. Complete the below table to calculate the trend percents for all components of both staternents 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?