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Problem 13-1A 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 2017 2016 2015 2014 2013 $1,490 $1,305 $1,187 $1,088 $1,015 1,071 871 749 656 609 419 434 438 432 406 319 249 169 146 $ 100 $ 299 $ 263 $ 260 2012 $ 944 (5 thousands) Sales Cost of goods sold Gross profit Operating expenses Net income 2011 $ 774 454 229 $ 230 HAROUN COMPANY Comparative Balance Sheets December 31, 2017-2011 2017 2016 2015 2014 2013 2012 2011 $ $ 100 720 2,604 67 149 $ 1325 756 1,896 60 138 684 1,656 140 525 144 438 1,065 57 309 1, 396 ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 5 146 462 1,254 56 205 1,519 53,742 205 772 30 205 1.235 $2,700 3,186 $6.677 66 205 1,567 $3,899 3,174 56,018 2,777 $5,292 1,439 53,348 $1.50 51.413 $ 408 706 731 536 927 5 771 5669 5633 1.521 721 1.215 1930 1.288 945 4 270 270 1,325 1,072 1.002 55,292 $3,899 $3,742 3.348 1.584 $6,677 152 $6,018 525 $2,700 Complete this question by entering your answers in the tabs below. Comp IS Comp BS Complete the below table to calculate the trend percents for all components of comparative income statements using 2011 a HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2017-2011 2016 2015 2014 2013 2017 2012 Sales Cost of goods sold Gross profit Operating expenses Net Income 2011 100.0 % 100.0 100.0 1000 100.0 % Comp BS > Comp Is Comp BS Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2011 as the base year. HAROUN COMPANY Balance Sheet Trends December 31, 2017-2011 2016 2015 2014 2011 Assets 100.0 % 1000 1000 Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net 1000 1000 1000 100.0% Total assets 1000% Liabilities and Equity Current liabilities Long term liabilities Common stock 1000 1000 1000 Other paid-in capital Retained earnings 1000 Total liabilities & equity