Question

Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2017-2011 2016 $2,273 $1,991 1,329 ($thousands) 2017 2015 $1,812 1,143 2014 2013 2012 2011 $1,549 $1,441 $1,181 Sales $1,660 1,001 Cost of goods sold 1,634 930 870 693 Gross profit 639 662 669 659 619 571 488 Operating expenses 380 257 220 486 349 223 183 396 Net income 153 $ 282 $ 320 402 351 305 HAROUN COMPANY Comparative Balance Sheets 31, 2017 Decemb 7-201 ($ thousands) 2015 2013 2012 2011 2016 2014 Assets S Cash 156 206 $ 214 218 227 224 231 Accounts receivable, net Merchandise inventory Other current assets 816 719 681 480 1,120 4,051 1,176 1,064 2,949 2,577 2,171 1,950 1,656 1,201 104 94 58 103 87 89 46 Long-term investments Plant assets, net C 0 0 319 319 319 319 4,956 4,937 4,319 2,438 2,519 2,239 1,923 $10,387 $5,821 $5,208 Total assets $9,362 $8,232 $6,065 $4,200 Liabilities and Equity $2,611 2,789 1,890 $1,440 2,364 $1,198 1,098 1,680 $1,040 1,121 1,680 $2,196 2,430 1,890 86 S 1,214 Current liabilities 634 Long-term liabilities Common stock 911 1,470 1,470 1,890 Other paid-in capital Retained earnings 473 473 473 420 420 368 368 2,624 2,373 2,065 1,669 1,560 1,173 817 $10,387 $9,362 $8,232 $6,065 $5,821 $5,208 $4,200 Total liabilities and equity 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

HAROUN COMPANY Comparative Income Statements For Year Ended December 31, 2017 - 2011 2017 2016 2015 2014 2013 2012 2011 Sales 192.5% 168.6% 153.4% 140.6% 131.2% 100.0% 122.0 % Cost of goods sold 235.8% 191.8% 100.0 % 164.9% 144.4% 134.2% 125.5 % 130.9 % 137.1% 135.7% 117.0% 100.0% Gross Profit 135.0 % 126.8% Operating expenses 265.6% 207.7% 190.7% 140.4% 121.9% 120.2 % 100.0% 129.8% 50.2 % 92.5% 115.1% 100.0% 104.9 % 131.8% Net Income Percentage (Current year amount / Base year amount) *100

HAROUN COMPANY Comparative Balance sheet December 31, 2017 - 2011 2015 2017 2016 2014 2013 2012 2011 Assets: 89.2 % 94.4% 97.0% 100.0% Cash 67.5 % 92.6 % 98.3% Account receivable, net Merchandise Inventory 233.3 % 245.0% 221.7 % 170.0% 149.8% 141.9% 100.0% 245.5% 337.3% 214.6% 137.9% 100.0% 180.8% 162.4% 189.1% 226.1% 204.3% 223.9% 100.0% Other Current assets 126.1 % 193.5 % 0.0% 0.0% 100.0 % 100.0 % 100.0% Long term investment 0.0% 100.0 % 256.7% 224.6% 126.8% 100.0% Plant assets, net 257.7% 131.0% 116.4 % 144.4% Total assets 247.3% 222.9 % 124.0% 100.0% 196.0 % 138.6% Liabilities and Equity 346.4 % 189.0% 411.8% 227.1 % 155.0% 100.0% Current Liabilities 164.0% 120.5% 306.1 % 266.7% 259.5 % 123.1% 100.0% Long term liabilities 133.3% Common stock Other paid-in capital Retained earnings Total Liabilities and Equity 114.3% 128.6% 128.6% 128.6% 114.3 % 100.0% 100.0 % 128.5% 128.5 % 128.5 % 114.1% 100.0 % 100.0 % 114.1% 321.2 % 290.5 % 252.8 % 204.3 % 190.9 % 143.6% 100.0% 222,9 % 144.4% 124.0% 100,0% 247.3% 196.0% 138,6%