Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2017-2011 ($ thousands) Sales Cost of goods sold Gross profit Operating expenses 2017 2016 2015 2014 2013 2012 2011 $2,533 $2,219 $2,019 $1,850 $1,727 $1,606 $1,316 1,115 1,274 969 1,820 713 1,481 1,036 772 738 745 735 691 637 544 542 424 389 287 249 245 204 Net income 171 314 $ 356 $ 448 442 392 340 HAROUN COMPANY Comparative Balance Sheets December 31, 2017-2011 ($ thousands) 2017 2016 2015 2014 2013 2012 2011 Assets Cash 130 128 $ 132 89 118 122 125 Accounts receivable, net 640 672 608 467 411 389 275 Merchandise inventory 2,315 1,472 1,114 1,685 1,241 946 686 Other current assets 59 54 33 59 50 51 26 Long-term investments Plant assets, net 182 182 182 182 2,832 2,821 1,439 1,280 2,469 1,392 1,099 $5,935 $5,350 $4,704 $3,466 $2,976 $2,400 Total assets $3,326 Liabilities and Equity $ 362 Current liabilities $1,491 $1,254 $ 822 $684 $ 1,352 1,080 270 1,180 594 561 Long-term liabilities Common stock 1,390 1,080 694 1,595 628 641 521 1,080 960 960 840 840 Other paid-in capital Retained earnings 270 270 240 240 210 210 467 1,499 1,356 954 891 671 Total liabilities and equity $4,704 $5,935 $5,350 $2,976 $2,400 $3,466 $3,326 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.) 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 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 base year. HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2017-2011 2014 2013 2012 2011 2017 2016 2015 100.0 % Sales Cost of goods sold 100.0 Gross profit 100.0 Operating expenses 100.0 Net income 100.0% % % KComp IS Comp BS Comp BS Comp IS 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 2017 2016 2015 2014 2013 2012 2011 Assets % 100.0% Cash % % Accounts receivable, net 100.0 Merchandise inventory 100.0 Other current assets 100.0 Long-term investments 100.0 Plant assets, net 100.0 100.0 % Total assets Liabilities and Equity 100.09 Current liabilities Long-term liabilities 100.0 Common stock 100.0 Other paid-in capital Retained earnings 100.0 100.0 100.0 % Total liabilities & equity Comp BS Comp IS
