Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2017–2011 ($...

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Accounting

Selected comparative financial statements of Haroun Companyfollow.

HAROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 2017–2011
($ thousands)2017201620152014201320122011
Sales$1,648$1,443$1,313$1,204$1,123$1,044$856
Cost of goods sold1,184963828725674630502
Gross profit464480485479449414354
Operating expenses353276253187162160133
Net income$111$204$232$292$287$254$221
HAROUN COMPANY
Comparative Balance Sheets
December 31, 2017–2011
($ thousands)2017201620152014201320122011
Assets
Cash$130$172$178$182$189$187$193
Accounts receivable, net933980887680599568400
Merchandise inventory3,3762,4582,1471,8091,6251,3801,001
Other current assets87784886737439
Long-term investments000266266266266
Plant assets, net4,1304,1143,6002,0312,0991,8651,601
Total assets$8,656$7,802$6,860$5,054$4,851$4,340$3,500
Liabilities and Equity
Current liabilities$2,178$1,832$1,202$1,000$868$820$529
Long-term liabilities2,3272,0271,9729169361,013760
Common stock1,5751,5751,5751,4001,4001,2251,225
Other paid-in capital394394394350350306306
Retained earnings2,1821,9741,7171,3881,297976680
Total liabilities and equity$8,656$7,802$6,860$5,054$4,851$4,340$3,500


Required:
1. Complete the below table to calculate the trendpercents for all components of both statements using 2011 as thebase year. (Round your percentage answers to 1 decimalplace.)

Complete this questionby entering your answers in the tabsbelow.

  • Comp IS
  • Comp BS

Complete the below table to calculate the trend percents for allcomponents of comparative income statements using 2011 as the baseyear.

HAROUN COMPANY
Income Statement Trends
For Years Ended December 31,2017–2011
2017201620152014201320122011
Sales%%%%%%100.0%
Cost of goods sold100.0
Gross profit100.0
Operating expenses100.0
Net income%%%%%%100.0%

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