Selected comparative financial statements of Sugo Company follow.

Required
1. Compute trend percents for all components of both statements using 2006 as the base year.

Analysis Component
2. Analyze and comment on the financial statements and trend percents from part1.

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SUGO COMPANY Comparative Income Statements For Years Ended December 31,2012-200 ($ thousands) Sales Cost of goods sold... Gross profit 2012 2011 2010 2009 2008 2007 2006 $1,594 $1.396 $1.270 $1.164 $1,086 $010 $828 1,146 932 802 702 652 610 486 448 464 468 462 434 40342 154 128 $ 108 198 224 $ 282 278 246 $214 ... 340 266244 180 156 Net income.. SUGO COMPANY Comparative Balance Sheets December 31,2012-2006 dousands) 2012 2011 2010 2009 2008 2007 2006 Assets Cash Accounts receivable, net Other current assets Long-term investments Plant assets. net Total assets . s68 $ 88 $ 92 $94 $ 99 $ 96 $ 99 480 504 456 350 30 292 206 1,738 1.264 ,104 932 36710 515 46 42 24 44 3 38 19 0 0 0 136 136 136 36 2,120 2.114 ,8521044 1,07 6825 $4,452 $4,012 $3,528 $2600 $2.494 $2,232 $1800 Liabilities and Equity Long-term liabilities Common stock Other paid-in capital . Retained earnings Total liabilities and equity $1,120 942 618 514 446 422 272 194 1,0401012 470 40 520 390 1,000 1,000 000 840 840 640 640 250 250 250 180 180 60 60 888 780 648 596 54 490 338 $4,452 $4,012 $3,528 $2,600 $2.494 $2,232 $1,800 …