Question

Selected comparative financial statements of Haroun Company follow. ($ thousands) HARUN COMPANY Comparative Income Statements For Years Ended December 31, 2017-2011 2017 2016 2015 2014 2013 2012 2011 $2,585 $2,264 $2,060 $1,888 91,762 $1,638 $1,343 1,858 1,5111,300 1,138 1.057 727 753 760 552 432 396 $ 175 $ 321 $ 164 $ 458 451 $ 399 $ 347 Cont of goods sold Cross profit Operating expenses Net Income 256 250 HARON COMPANY Comparative Balance sheets December 31, 2017-2011 2017 2016 2015 {$thousands) 2014 2013 2012 2011 Cash $ 160 1,146 4,147 211 1,204 3,019 219 1.090 2,638 224 836 2,223 $ 2.32 736 1.999 229 692 1.696 237 492 1,230 2,49) 5,075 5,055 $10,634 99,585 4,422 $8,428 127 2,579 $5,966 327 2,292 $5,332 1,967 $4,300 Meccant receivable, net Merchandise inventory Other current sets Long-term investments plant assets, net Totalte Liabilities and Equity Current liabilities Long-term liabilities Common stock our paid.in capital Detaised samnings Total liabilities and equity 2.673 $2.247 $1,475 $1,064 $1,007 649 1.20 1.505 1,505 2,685 $10,636 2,431 9,585 2.113 $8,428 10 56,209 1597 55,960 1.200 95.332 $4.300 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)

Answer 1

| Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income HAROUN COMPANY Income Statement Trends For the year ended December 31 2017 - 2011 (in %) 2017 2016 2015 2014 2013 192.5% 168.6% 153.4% 140.6% 131.2% 235.8% 191.8% 165.0% 144.4% 134.1% 131.0% 135.7% 136.9% 135.1% 127.0% 265.4% 207.7% 190.4% 140.4% 122.1% 50.4% 92.5% 104.9% 132.0% 130.0% 2012 122.0% 125.5% 116.9% 120.2% 115.0% 2011 100.0% 100.0% 100.0% 100.0% 100.0% HAROUN COMPANY Balance Sheet Trends December 31, 2017 - 2011 (in %) 2016 2015 2014 L 2017 2013 2012 2011 Assets Cash Accounts Receivable, Net Merchandise Inventory Other Current Assets Long Term Investments Plant Assets, Net Total Assets 67.5% 232.9% 337.2% 225.5% 0.0% 258.0% 247.3% 89.0% 244.7% 245.4% 204.3% 0.0% 257.0% 222.9% 92.4% 221.5% 214.5% 125.5% 0.0% 224.8% 196.0% 94.5% 169.9% 180.7% 225.5% 100.0% 126.7% 144.4% 97.9% 149.6% 162.4% 189.4% 100.0% 131.1% 138.6% 96.6% 141.7% 137.9% 193.6% 100.0% 116.5% 124.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Liabilities and Equity Current Liabities Long-Term Liabilities Common Stock Other Paid-in Capital Retained Earnings Total Liabilities and Equity 411.9% 306.2% 128.6% 128.7% 320.8% 247.3% 346.2% 266.7% 128.6% 128.7% 290.4% 222.9% 227.3% 259.5% 128.6% 128.7% 252.4% 196.0% 189.1% 120.5% 114.3% 114.4% 204.1% 144.4% 163.9% 123.2% 114.3% 114.4% 190.8% 138.6% 155.2% 133.3% 100.0% 100.0% 143.4% 124.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%