Selected comparative financial statements of Tripoly Company follow.

Required
1. Compute trend percents for all components of both statements using 2008 as the base year. (Round percents to one decimal.)
Analysis Component
2. Analyze and comment on the financial statements and trend percents from part1.

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TRIPOLY COMPANY Comparative Income Statements For Years Ended December 31,2014-2008 2014 2013 2012 201 2010 2009 2008 $ thousands) Sales.*r...r^ r .«.$560 $610 $630 $680 740 $770 $860 Cost of goods sold.... Gross profit.. Operating expenses 276 290 294 314 340 350 380 284 320 336 366 400 420 480 84 104 2 26 40 44 50 TRIPOLY COMPANY Comparative Balance Sheets December 31,2014-2008 ($ thousands) 2014 2013 2012 2011 2010 2009 2008 Assets 160 208 40 110 454 $920 $932 $92 $938 $964 984 $1040 130 136 140 44 154 166 172 78 180 186 190 40 110 520 412 426 Accounts receivable, net······.. . 150 Merchandise inventory 34 34 36 30 510 514 36 38 26 10 38 110 Plant assets, net . Total assets . Liabilities and Equity Current liabilities Long-term liabilities $148 $156 $186 $190 $210 $260 214 160 70 280 160 160 70 70 450 426 92 20 42 48 160 160 70 70 394 370 194 160 70 330 $280 260 160 70 270 Other paid-in capital Retained earnings0 33 Toal liabilities and equit $920 $932 $952 $938