Question
Selected comparative financial statements of Haroun Company follow. HAROUN COMPANYComparative Income StatementsFor Years Ended December 31, 2017-2011($ thousands)2017201620152014201320122011 Sales$1,686$1,477$1,344$1,232$1,149$1,069$876 Cost of goods sold1,212986848742690645514 Gross profit474491496490459424362
Selected comparative financial statements of Haroun Company follow.
HAROUN COMPANYComparative Income StatementsFor Years Ended December 31, 2017-2011($ thousands)2017201620152014201320122011
Sales$1,686$1,477$1,344$1,232$1,149$1,069$876
Cost of goods sold1,212986848742690645514
Gross profit474491496490459424362
Operating expenses361283259191166164136
Net income$113$208$237$299$293$260$226
HAROUN COMPANYComparative Balance SheetsDecember 31, 2017-2011($ thousands)2017201620152014201320122011
AssetsCash$89$118$122$125$130$128$132
Accounts receivable, net640672608467411389275
Merchandise inventory2,3151,6851,4721,2411,114946686
Other current assets59543359505126
Long-term investments000182182182182
Plant assets, net2,8322,8212,4691,3921,4391,2801,099
Total assets$5,935$5,350$4,704$3,466$3,326$2,976$2,400
Liabilities and EquityCurrent liabilities$1,491$1,254$822$684$594$561$362
Long-term liabilities1,5951,3901,352628641694521
Common stock1,0801,0801,080960960840840
Other paid-in capital270270270240240210210
Retained earnings1,4991,3561,180954891671467
Total liabilities and equity$5,935$5,350$4,704$3,466$3,326$2,976$2,400
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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