problem 13-1A calculation

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 (S thousands) 2017 2016 2015 2014 2013 2012 2011 Sales Cost of goods sold Gross profit operating expenses Net income $1,694 $1,496 $1,370 $1,264 $1,186 $1,110 $928 710 586 400 342 330256 234 170146 144 118 $ 118 $ 208 234 292 $ 288 256 $224 1,2461,032 802 462 902 752 434 448 464 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 2017 2016 201520142013 2012 201 $58 78 82 84 88 86 89 490 514 466 360 318 302 1,838 1,364 1,204 1,032 936 810 615 36 32 34 146 28 146146 146 2,020 2,014 1,752 - 044 978 860-725 42 $4,002-518 $2,600 $2,494 22,232 $1,800 Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earninge Total liabilities and equity $1,220 $1.042 718 614 546522$ 282 400 1,000 1,000 1,000 850850650650 150 1,294 1.140 1,112 570 580 620 250 250 250 438 170 170 150 290 $4,442 $4,002 $3,518 $2,600 $2,494 $2,232 $1,800 Required 1. Complete the below table to calculate the trend percents for all components of both statements using 2011 as the base ye 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 the b 1,838 1,364 1,204 1,032 936 810 615 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 36 32 14 34 28 28 0 146 146 146 146 725 978 860 2,020 2,014 1,752 944 $4,442 $4,002 $3,518 $2,600 $2,494 $2,232 $1,800 $1,220 $1,042 718 614 546 522 282 1,294 1,140 1,112 570 580 620 400 1,000 1,000 1,000 850 850 650 650 150 318 170 348 150 250 678570 250 250 438 170 396 $4,442 $4,002 $3,518 $2,600 $2,494 $2,232 $1,800 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2011 as the base 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 t HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2017-2011 2017 2016 2015 2014 2013 2012 2011 Sales Cost of goods sold Gross profit Operating expenses Net income 100.0% 00.0 100.0 100.0 100.01% %| Comp BS > Required 1. Complete the your percentage answers to 1 decimal place.) e below table to calculate the trend percents for all components of both statements using 2011 as the base year. (Round Complete this question by entering your answers in the tabs below Comp Is Comp BS year. Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2011 as the base HAROUN COMPANY Balance Sheet Trends December 31, 2017-2011 2017 2016 2015 2014 2013 2012 2011 Assets Cash Accounts receivable, net %) Other current assets Long-term investments Plant assets, net Total assets 100.01% 100.0 100.0 100.0 100.0 100.0 100.01% %) Liabilities and Equity Current liabilities Long-term liabilities Common stock %| 1000|% 100.0 100.0 100.0 100.0 100.01% Othor paid-in capital Retained eamings Total liablities & equity %) % 1- Comp is