Question

Selected comparative financial statements of Haroun Company follow.

HAROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 2017–2011
($ thousands)	2017			2016			2015			2014			2013			2012			2011
Sales	$	2,089		$	1,829		$	1,664		$	1,526		$	1,424		$	1,324		$	1,085
Cost of goods sold		1,502			1,222			1,051			920			855			799			637
Gross profit		587			607			613			606			569			525			448
Operating expenses		446			349			320			236			205			202			168
Net income	$	141		$	258		$	293		$	370		$	364		$	323		$	280

HAROUN COMPANY
Comparative Balance Sheets
December 31, 2017–2011
($ thousands)	2017			2016			2015			2014			2013			2012			2011
Assets
Cash	$	93		$	123		$	127		$	130		$	135		$	133		$	138
Accounts receivable, net		667			700			634			486			428			405			286
Merchandise inventory		2,411			1,755			1,534			1,292			1,161			986			715
Other current assets		62			56			34			61			52			53			28
Long-term investments		0			0			0			190			190			190			190
Plant assets, net		2,950			2,939			2,571			1,451			1,499			1,333			1,143
Total assets	$	6,183		$	5,573		$	4,900		$	3,610		$	3,465		$	3,100		$	2,500
Liabilities and Equity
Current liabilities	$	1,557		$	1,309		$	859		$	714		$	620		$	586		$	378
Long-term liabilities		1,663			1,448			1,409			654			668			724			543
Common stock		1,125			1,125			1,125			1,000			1,000			875			875
Other paid-in capital		281			281			281			250			250			219			219
Retained earnings		1,557			1,410			1,226			992			927			696			485
Total liabilities and equity	$	6,183		$	5,573		$	4,900		$	3,610		$	3,465		$	3,100		$	2,500

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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