Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years...
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Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 20172011 ($ thousands) 2017 2016 2015 2014 2013 2012 2011 Sales $ 2,410 $ 2,111 $ 1,921 $ 1,760 $ 1,643 $ 1,527 $ 1,252 Cost of goods sold 1,733 1,410 1,213 1,061 986 922 735 Gross profit 677 701 708 699 657 605 517 Operating expenses 515 403 370 273 236 233 194 Net income $ 162 $ 298 $ 338 $ 426 $ 421 $ 372 $ 323 HAROUN COMPANY Comparative Balance Sheets December 31, 20172011 ($ thousands) 2017 2016 2015 2014 2013 2012 2011 Assets Cash $ 163 $ 216 $ 224 $ 229 $ 238 $ 235 $ 242 Accounts receivable, net 1,173 1,232 1,115 855 753 714 503 Merchandise inventory 4,244 3,090 2,699 2,275 2,043 1,735 1,258 Other current assets 109 98 60 108 91 93 48 Long-term investments 0 0 0 334 334 334 334 Plant assets, net 5,192 5,172 4,526 2,553 2,639 2,345 2,015 Total assets $ 10,881 $ 9,808 $ 8,624 $ 6,354 $ 6,098 $ 5,456 $ 4,400 Liabilities and Equity Current liabilities $ 2,734 $ 2,299 $ 1,509 $ 1,255 $ 1,089 $ 1,030 $ 664 Long-term liabilities 2,924 2,547 2,478 1,151 1,176 1,273 955 Common stock 1,980 1,980 1,980 1,760 1,760 1,540 1,540 Other paid-in capital 495 495 495 440 440 385 385 Retained earnings 2,748 2,487 2,162 1,748 1,633 1,228 856 Total liabilities and equity $ 10,881 $ 9,808 $ 8,624 $ 6,354 $ 6,098 $ 5,456 $ 4,400 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2011 as the base year. (Round your percentage answers to 1 decimal place.)
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