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both tabs please Problem 17-1A Calculation and analysis of trend percents LO A1, P1 Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative
both tabs please
Problem 17-1A Calculation and analysis of trend percents LO A1, P1 Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2017-2011 (S thousands) Sales Cost of goods sold Gross profit Operating expenses Net income 2017 2016 2015 2014 2013 2012 2011 $2,341 $2,050 $1,865 $1,710 $1,595 $1,484 $1,216 714 502 188 s 158 290 329 415 408362 314 1,684 1,369 1,178 1,031 679 264 657 499 681 391 687 358 958 637 229 896 588 226 HAROUN COMPANY Comparative Balance Sheets December 31, 2017-2011 (S thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets 201 2016 2015 2014 2013 2012 2011 137 181 189 192 200 $ 197204 423 3, 569 2,598 2,270 1,913 1,718 1,459 1,058 986 1,036 938 600 92 51 281 281 281 4,366 4,350 3,804 2,1472,219 1,973 1,693 $9,150 $8,247 $7,252 $5,343 $5,128 $4,588 $3,700 Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings $2,302 $1,936 $1,270 $1,057 917$867 559 803 1,665 1, 665 1,665 1,480 1,480 1,295 ,295 324 719 2,459 2,142 2,084 968 988 1,070 324 2,308 2,088 1,817 1,468 1,373 1,032 416 416 416 370 370 Total liabilities and equity $9,150 $8,247 $7,252 $5,343 $5,128 $4, 588 $3,700 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.)Step by Step Solution
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