Problem 13-1A Calculation and analysis of trend percents LO A1, P1 Selected comparative financial statements of Haroun Company follow HARCUN COPPANY Comparative Income Statements For Years Ended December 31, 2017-2011 (S thousands) Sales Cost of goods sold Gross profit Operating expenses 2017 $2,487 $2,178 $1,982 $1,817 $1,65 $1,576 $1,292 1,787 1,454 1,251 1,05 1,017 70 531 s 169 es 350 441 434 S S 34 2016 2015 2014 2013 2012 2e11 953 625 758 534 722 724 731 678 416 381 281 244 241 200 Net income HAROUN COPAY Comparative Balance Sheets December 31, 2017-2011 2017 (s thousands) 2016 214 2015 2013 Assets Cash 2012 2011 156 206 $ 214 218 227 S 224 S2 1,120 4,051 104 Accounts receivable, net Merchandise inventory Other current assets Long term investments Plant assets, net Total assets iabilities and Equity Current liabilities Long term liabilities 1,176 2,949 94 1,064 2,577 816 719 681 480 2,171 1,9 1,65 1,201 46 319 87 319 319 319 4,956 4,917 4,319 2,438 2,519 2,239 1,923 $10,387 $9,362 $8,232 $6,065 $5,821 $5,20 $4,200 2,611 $2,196 $1,440 $1,198 $1,00 983 634 2,789 1,89e 473 2,40 1,89 1,0 1,680 420 1,60 2,364 Conmon stock 1,121 1,680 1,214 911 1,470 368 1,a90 other paid-in capital Retained earnings Total 1iabilities and equity 1,47 368 1,56e 1,173 473 471 420 2,3 2,065 2,624 817 $10,7 $9,362 $,232 $6,065 $5,821 $5,20 $4,200 Required 1. Complete the below table to calculate the trend percents for all components of both statements using 2011 es the bese year. (Round your percentage answers to 1 decimal place) 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 as th HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2017-2011 2017 2016 2015 2014 2013 2012 2011 Sales % 1000 Cost of goods sold 1000 Gross proft 1000 Operating expenses 1000 Net income 1000% Cop 1s Comp BS Prey 1 of 4 Next 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 2014 $2,487 $2,178 $1,982 $1,817 $1,695 $1,576 $1,292 1,e9s 1,e17 2e17 2016 2015 2013 2812 2011 1,787 1,454 1,251 731 381 951 758 700 722 678 534 724 625 531 416 281 244 241 200 350 s 441 s 434 384 334 Net income 169 308 S HAROUN COMPANY Comparative Balance Sheets December 31, 2017-2011 (S thousands) Assets Cash Accounts receivable, net Merchandise inventory 2017 2016 2015 2014 2013 2012 2011 156 206 1,120 4,051 $ 214 218 227 $ 224 231 1,064 2,577 SE 1,176 2,949 486 816 719 681 ces 2,171 se3 1,95e 87 1,656 1,2e1 40 other current assets Long-term imvestments Plant assets, net 104 319 319 319 2,519 2,79 4,956 4,937 4,319 2,438 1,923 $10,387 $9, 362 $8,232 $6,065 $5,821 $5,208 $4,20e Total assets Liabilities and Equity Current liabilities tong-term liabilities Conmon stock $2,611 $2,196 $1,440 $1,198 $1,040 983 634 1,0 1,680 1,214 1,4 368 2, 164 1,890 1,121 1,680 420 2,4e 1,80 473 911 2,789 1,e 473 1,470 other paid-in capital Retained earnings Total liabilities and equity 473 42e 1.560 2,065 1,669 1,17 817 2,624 2,371 $10,387 $9, 362 SH,232 $6,065 $5,821 $5,208 $4,200 Required: 1. Complete the below teble to calculate the trend percents for all components af both statements using 2011 as the base year. (Round your percentage answers to 1 decimat place.) Complete this question by entering your answers in the tabs below. Comp BS Comp 1s Complete the below table to calculate the trend percents for all .components of comparative balance sheets using 2011 as the HAROUN COMPANY Balance Sheet Trends December 31, 2017-2011 2011 2014 2013 2012 2017 2016 2015 Assets 100.0 % Cash 100.0 Accounts receivable, net 100.0 Merchandise inventory 100.0 Other current assets 1000 Long-term investments Plant assets, net 100.0 100.0 % % Total assets Liabilities and Equity 1000 Current liablites 100.0 Long-term labilties 100.0 Common stock 100.0 Other paid-n capital 100.0 Retained earnings 100.0 % Total labites & equity 1 of 4