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Accounting

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Problem 17-1A Calculation and analysis of trend percents LO A1, P1 Selected comparative financial statements of Haroun Company follow For Years Ended December 31, 2017-2811 Sales Cost of goods sold Gross profit Operating expenses Net income $2,241 $1,963 $1,786 $1,637 $1,527 $1,42 $1,164 683 1,611 1,31 1,127 986 917 610 630 563 481 478374 343 253219212 18 $ 152 $ 279 $ 316 398 $ 391 $ 346 $-301 arative Balance Sheets December 31, 2017-2011 2017 Assets $85 $113 $ 117 $ 120 124 123 $ 127 263 2,218 1,615 1,411 1,189 1,068 987 658 25 Accounts receivable, net 644 583 447 373 handise inventory Other current assets Long-ter investments Plant assets, net Total assets 57 32 175 175175 2,7152,7842,365 1,334 1,379 1,226 1,052 $5,688 $5,127 $4,508 $3,321 $3,188 $2,852 $2,300 Liabilities and Equity Current liabilities $1,429 $1,202 788 656 569 $ 538 347 1,528 1,331 1,295601 614665499 1,035 1,0351,035920920805 885 201 Common stock Other paid-in capital 259 259 230 230 201 1.437 1.300 1,131 914 855643 448 $5,688 $5,127 $4,508 $3,321 $3,188 $2,852 $2,300 Total liabilities and equity

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