Question
Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 20172011 ($ thousands) 2017 2016 2015 2014
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 $ 1,502 $ 1,315 $ 1,197 $ 1,097 $ 1,023 $ 952 $ 780 Cost of goods sold 1,080 878 756 661 615 575 458 Gross profit 422 437 441 436 408 377 322 Operating expenses 321 251 231 170 147 146 121 Net income $ 101 $ 186 $ 210 $ 266 $ 261 $ 231 $ 201 HAROUN COMPANY Comparative Balance Sheets December 31, 20172011 ($ thousands) 2017 2016 2015 2014 2013 2012 2011 Assets Cash $ 141 $ 186 $ 194 $ 198 $ 205 $ 203 $ 209 Accounts receivable, net 1,013 1,064 963 739 650 616 435 Merchandise inventory 3,665 2,668 2,331 1,964 1,764 1,498 1,087 Other current assets 94 85 52 93 79 80 42 Long-term investments 0 0 0 289 289 289 289 Plant assets, net 4,484 4,467 3,908 2,204 2,280 2,026 1,738 Total assets $ 9,397 $ 8,470 $ 7,448 $ 5,487 $ 5,267 $ 4,712 $ 3,800 Liabilities and Equity Current liabilities $ 2,364 $ 1,988 $ 1,304 $ 1,085 $ 941 $ 890 $ 574 Long-term liabilities 2,526 2,200 2,141 994 1,016 1,100 825 Common stock 1,710 1,710 1,710 1,520 1,520 1,330 1,330 Other paid-in capital 428 428 428 380 380 333 333 Retained earnings 2,369 2,144 1,865 1,508 1,410 1,059 738 Total liabilities and equity $ 9,397 $ 8,470 $ 7,448 $ 5,487 $ 5,267 $ 4,712 $ 3,800 Required: 1. Complete the below tables 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. Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2011 as the base year.
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