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, 20172011

($ thousands) 2017 2016 2015 2014 2013 2012 2011

Sales $ 2,042 $ 1,789 $ 1,628 $ 1,492 $ 1,392 $ 1,294 $ 1,061

Cost of goods sold 1,469 1,195 1,028 900 836 782 623

Gross profit 573 594 600 592 556 512 438

Operating expenses 436 341 313 231 200 197 164

Net income $ 137 $ 253 $ 287 $ 361 $ 356 $ 315 $ 274

HAROUN COMPANY

Comparative Balance Sheets

December 31, 20172011

($ thousands) 2017 2016 2015 2014 2013 2012 2011

Assets Cash $ 152 $ 201 $ 209 $ 213 $ 222 $ 219 $ 226

Accounts receivable, net 1,093 1,148 1,039 797 702 665 469

Merchandise inventory 3,954 2,879 2,515 2,119 1,904 1,617 1,173

Other current assets 101 91 56 101 85 86 45

Long-term investments 0 0 0 312 312 312 312

Plant assets, net 4,839 4,820 4,217 2,378 2,458 2,185 1,875

Total assets $ 10,139 $ 9,139 $ 8,036 $ 5,920 $ 5,683 $ 5,084 $ 4,100

Liabilities and Equity Current liabilities $ 2,549 $ 2,144 $ 1,406 $ 1,170 $ 1,015 $ 960 $ 619

Long-term liabilities 2,725 2,374 2,310 1,072 1,096 1,186 890

Common stock 1,845 1,845 1,845 1,640 1,640 1,435 1,435

Other paid-in capital 461 461 461 410 410 359 359

Retained earnings 2,559 2,315 2,014 1,628 1,522 1,144 797

Total liabilities and equity $ 10,139 $ 9,139 $ 8,036 $ 5,920 $ 5,683 $ 5,084 $ 4,100

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.)

Complete the below table to calculate the trend percents for all components of comparative income statements using 2011 as the base year.

HAROUN COMPANY
Income Statement Trends
For Years Ended December 31, 20172011
	2017		2016		2015		2014		2013		2012		2011
Sales		%		%		%		%		%		%	100.0	%
Cost of goods sold													100.0
Gross profit													100.0
Operating expenses													100.0
Net income		%		%		%		%		%		%	100.0	%

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, 20172011
	2017		2016		2015		2014		2013		2012		2011
Assets
Cash		%		%		%		%		%		%	100.0	%
Accounts receivable, net													100.0
Merchandise inventory													100.0
Other current assets													100.0
Long-term investments													100.0
Plant assets, net													100.0
Total assets		%		%		%		%		%		%	100.0	%
Liabilities and Equity
Current liabilities		%		%		%		%		%		%	100.0	%
Long-term liabilities													100.0
Common stock													100.0
Other paid-in capital													100.0
Retained earnings													100.0
Total liabilities & equity		%		%		%		%		%		%	100.0	%

+