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 $1,621 $1,420 $1,292 $1,184 $1,105 $1,027 $ 842 1,165 947 815 713 663 620 494 456 473 477 442 407 348 272 250 184 160 158 131 $ 108 $ 201 $ 227 $ 287 $ 282 $ 249 $ 217 HAROUN 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 $ 100 720 2,684 $ 132 756 1,896 $ 138 684 1,656 $ 146 462 1,254 56 $ 144 438 1,665 149 309 772 67 60 $ 140 525 1,396 66 205 1,567 $3,899 37 205 3,186 $6,677 3,174 $6,018 2,777 $5,292 1,619 $3,742 205 1,439 $3,348 205 1,235 $2,700 Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $1,680 1.794 1,215 304 1.684 $6,677 $1,413 $ 927 1,563 1.521 1,215 1,215 304 384 1,523 1,325 $6,018 $5,292 $ 771 $ 6695 6335488 706 721 781 586 1,889 1,080 945 945 270270236 236 1,072 1.002 7 53 525 $3,899 $3,742 $3,348 $2,700 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.) 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 Comp IS Comp BS Complete the below table to calculate the trend percents for all components of comparative income stateme Sales Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2017-2011 2017 2016 2015 I 2014 2013 1,621.0 % 1,420.0 % 1,292.0% 1,184.0% 1,105.0 % 1,165.00 947.0 815.0 | 713.0 663.01 456.01 473.0 | 477.00 471.0 442. 0 348.0 272.00 184.0 160.0 108.0% 201.0% 227.0% 287.0% 282.0% 2012 1,027.0 % 620.0 407.0 158.0 249.0% 2011 100.0 % 100.0 100.0 100.0 100.0 % 250.0 Comp IS Comp BS > Dalance aneet Irenas December 31, 2017-2011 2016 2015 2014 2017 2013 2012 2011 Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net 100.0% 720.0 2,604.0 67.00 0.0 3,186.0 132.0 138.0 % 756.0 684.0 1,896.01 | 1,656.0 60.0 37.00 0.0 0.0 3,174.0 2,777.00 140.0% 525.0 1,396.0 66.0 205.0 1,567.00 146.0 % 144.0% 462.01 438.0 1,254.0 | 1,065.0 56.0 57.0 205.0 205.0 1,619.0 1,439.0 100.0 % 100.0 100.0 100.0 100.0 100.0 100.0% Total assets Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities & equity 100.0 % 100.0 100.0 100.0 100.0 100.0 % %
