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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 | $ | 2,780 | $ | 2,435 | $ | 2,215 | $ | 2,030 | $ | 1,895 | $ | 1,762 | $ | 1,444 | |||||||
Cost of goods sold | 2,000 | 1,626 | 1,399 | 1,225 | 1,138 | 1,064 | 848 | ||||||||||||||
Gross profit | 780 | 809 | 816 | 805 | 757 | 698 | 596 | ||||||||||||||
Operating expenses | 595 | 465 | 427 | 315 | 273 | 269 | 224 | ||||||||||||||
Net income | $ | 185 | $ | 344 | $ | 389 | $ | 490 | $ | 484 | $ | 429 | $ | 372 | |||||||
HAROUN COMPANY | |||||||||||||||||||||
Comparative Balance Sheets | |||||||||||||||||||||
December 31, 20172011 | |||||||||||||||||||||
($ thousands) | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||
Assets | |||||||||||||||||||||
Cash | $ | 137 | $ | 181 | $ | 189 | $ | 192 | $ | 200 | $ | 197 | $ | 204 | |||||||
Accounts receivable, net | 986 | 1,036 | 938 | 719 | 633 | 600 | 423 | ||||||||||||||
Merchandise inventory | 3,569 | 2,598 | 2,270 | 1,913 | 1,718 | 1,459 | 1,058 | ||||||||||||||
Other current assets | 92 | 82 | 51 | 91 | 77 | 78 | 41 | ||||||||||||||
Long-term investments | 0 | 0 | 0 | 281 | 281 | 281 | 281 | ||||||||||||||
Plant assets, net | 4,366 | 4,350 | 3,804 | 2,147 | 2,219 | 1,973 | 1,693 | ||||||||||||||
Total assets | $ | 9,150 | $ | 8,247 | $ | 7,252 | $ | 5,343 | $ | 5,128 | $ | 4,588 | $ | 3,700 | |||||||
Liabilities and Equity | |||||||||||||||||||||
Current liabilities | $ | 2,302 | $ | 1,936 | $ | 1,270 | $ | 1,057 | $ | 917 | $ | 867 | $ | 559 | |||||||
Long-term liabilities | 2,459 | 2,142 | 2,084 | 968 | 988 | 1,070 | 803 | ||||||||||||||
Common stock | 1,665 | 1,665 | 1,665 | 1,480 | 1,480 | 1,295 | 1,295 | ||||||||||||||
Other paid-in capital | 416 | 416 | 416 | 370 | 370 | 324 | 324 | ||||||||||||||
Retained earnings | 2,308 | 2,088 | 1,817 | 1,468 | 1,373 | 1,032 | 719 | ||||||||||||||
Total liabilities and equity | $ | 9,150 | $ | 8,247 | $ | 7,252 | $ | 5,343 | $ | 5,128 | $ | 4,588 | $ | 3,700 | |||||||
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.)
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