Question

($ thousands) Sales HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2017-2011 2017 2016 2015 2014 2013 $1,694 $1,496 $1,370 $1,264 $1,186 1,246 1,032 902 448 434 330 256 234 146 $ 118 $ 208 $ 234 $ 288 202 752 2012 2011 $1,110 $928 710 586 400 342 144 118 $ 256 $224 Gross profit Operating expenses Net income HAROUN COMPANY Comparative Balance Sheets December 31, 2017-2011 2017 2016 2015 2014 2013 2012 2011 $ 58 499 1,838 36 $ 78 514 1,364 32 $ 82 466 1,204 14 $ 84 369 1,032 34 ($ 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 $ 88 $ 86 318 302 936 810 28 28 146 146 978 860 $2,494 $2,232 $ 89 216 615 9 146 725 $1,800 2,020 2,014 $4,442 $4,002 1,752 $3,518 146 944 $2,600 $ $ $1,220 1,294 1,000 250 678 $4,442 $1,042 1,140 1,000 250 570 $4,002 718 1,112 1,000 250 614 570 850 170 $ 546 580 850 170 348 $2,494 $ 522 620 650 150 290 $2,232 $ 282 400 650 150 318 $1,800 438 $3,518 $2,600 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

Calculation of Trend Percent for the Plant Assets, Net Component of 2015 Balance Sheet using 2011 as the base year.

Plant Assets, Net :

2015's Balance of Plant Assets, Net = $ 1,752

2011's Balance of Plant Assets, Net = $ 725

Trend Percent of 2015's Balance of Plant Assets, Net = $ [$ 1,752 / $ 725] * 100 = 241.7 %

The remaining calculation's are showing correct in the image shown.