Selected comparative financial statements of Haroun Company follow ($ thousands) Sales Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2017: 2011 2017 2016 2015 2014 2013 2012 2011 $2,508 $2,197 $1,999 $1,832 $1,710 $1,590 $1,303 11,804 1,467 1,262 1,105 1,027 960 765 784 730 737 727 683 630 538 537 420 385 284 246 243 202 $ 167 $ 310 $ 352 $ 443 $ 437 5387 $ 336 MAROUN COMPANY Comparative Balance Sheets December 31, 2017-2011 2017 2016 2015 2014 2013 2012 2011 (5 thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid in capital Retained earnings Total liabilities and equity 5 111 $ 147 $ 153 $ 156 $ 162 $ 160 $165 800 840 760 583 514 487 343 2,893 2,106 1,846 1,551 1,393 1,183 858 74 67 41 74 62 63 33 0 228 228 228 228 3,541 3.527 3,086 1,740 1,799 1,599 1,373 $7,419 $6,687 $5,880 $4,332 $4,158 $3,720 $3,000 $1,865 $1,569 $1,029 $ 856 5 743 $ 703 $ 453 1,993 1,736 1,689 784 801 868 651 1,350 1,350 1,350 1,200 1,200 1,050 1.050 338 338 338 300 300 263 263 1,873 1,694 1,474 1,192 1,114 836 583 $7,419 $6,687 $5,880 $4,332 $4,158 $3,720 $3,000 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2011 as the base BE Selected comparative financial statements of Haroun Company follow ($ thousands) Sales Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2017: 2011 2017 2016 2015 2014 2013 2012 2011 $2,508 $2,197 $1,999 $1,832 $1,710 $1,590 $1,303 11,804 1,467 1,262 1,105 1,027 960 765 784 730 737 727 683 630 538 537 420 385 284 246 243 202 $ 167 $ 310 $ 352 $ 443 $ 437 5387 $ 336 MAROUN COMPANY Comparative Balance Sheets December 31, 2017-2011 2017 2016 2015 2014 2013 2012 2011 (5 thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid in capital Retained earnings Total liabilities and equity 5 111 $ 147 $ 153 $ 156 $ 162 $ 160 $165 800 840 760 583 514 487 343 2,893 2,106 1,846 1,551 1,393 1,183 858 74 67 41 74 62 63 33 0 228 228 228 228 3,541 3.527 3,086 1,740 1,799 1,599 1,373 $7,419 $6,687 $5,880 $4,332 $4,158 $3,720 $3,000 $1,865 $1,569 $1,029 $ 856 5 743 $ 703 $ 453 1,993 1,736 1,689 784 801 868 651 1,350 1,350 1,350 1,200 1,200 1,050 1.050 338 338 338 300 300 263 263 1,873 1,694 1,474 1,192 1,114 836 583 $7,419 $6,687 $5,880 $4,332 $4,158 $3,720 $3,000 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2011 as the base BE
