Question

Selected information from the financial statements of Haley, Inc is presented below.

1. Develop a percentage change trend analysis for each of the three years.  Results must be entered in schedule below.
2. Make at least one observation that is revealed by information provided in the analysis.

	2011	2012	2013
Historical Data
Inventory	16,500	16,300	16,200
Property Plant & Equipment	82,500	84,000	80,100
Current Liabilities	35,000	32,500	31,800
Sales	150,000	135,000	128,000
Cost of Goods Sold	86,000	75,000	70,000
Operating Expenses	52,000	57,000	50,000
Net Income (loss)	12,000	3,000	8000
Trend Percentages
Inventory
Property Plant & Equipment
Current Liabilities
Sales
Cost of Goods Sold
Operating Expenses
Net Income (loss)

Answer 1

	2011	2012	2013
Historical Data
Inventory	16,500	16,300	16,200
Property Plant & Equipment	82,500	84,000	80,100
Current Liabilities	35,000	32,500	31,800
Sales	150,000	135,000	128,000
Cost of Goods Sold	86,000	75,000	70,000
Operating Expenses	52,000	57,000	50,000
Net Income (loss)	12,000	3,000	8000
Trend Percentages
Inventory		(1.2%)	(0.6%)
Property Plant & Equipment		1.8%	(4.6%)
Current Liabilities		(7.1%)	(2.2%)
Sales		(10.0%)	(5.2%)
Cost of Goods Sold		(12.8%)	(6.7%)
Operating Expenses		9.6%	(12.3%)
Net Income (loss)		(75.0%)	166.7%

Analysis : Sales is continously down year over year, 10.0% in 2012 vs 2011 and 5.2% down ub 2013 Vs 2012.