Selected comparative financial statements of Haroun Companyfollow.
HAROUN COMPANY |
Comparative Income Statements |
For Years Ended December 31, 2017–2011 |
($ thousands) | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
Sales | $ | 2,780 | | $ | 2,435 | | $ | 2,215 | | $ | 2,030 | | $ | 1,895 | | $ | 1,762 | | $ | 1,444 | |
Cost of goods sold | | 2,000 | | | 1,626 | | | 1,399 | | | 1,225 | | | 1,138 | | | 1,064 | | | 848 | |
Gross profit | | 780 | | | 809 | | | 816 | | | 805 | | | 757 | | | 698 | | | 596 | |
Operating expenses | | 595 | | | 465 | | | 427 | | | 315 | | | 273 | | | 269 | | | 224 | |
Net income | $ | 185 | | $ | 344 | | $ | 389 | | $ | 490 | | $ | 484 | | $ | 429 | | $ | 372 | |
|
HAROUN COMPANY |
Comparative Balance Sheets |
December 31, 2017–2011 |
($ thousands) | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
Assets | | | | | | | | | | | | | | | | | | | | | |
Cash | $ | 137 | | $ | 181 | | $ | 189 | | $ | 192 | | $ | 200 | | $ | 197 | | $ | 204 | |
Accounts receivable, net | | 986 | | | 1,036 | | | 938 | | | 719 | | | 633 | | | 600 | | | 423 | |
Merchandise inventory | | 3,569 | | | 2,598 | | | 2,270 | | | 1,913 | | | 1,718 | | | 1,459 | | | 1,058 | |
Other current assets | | 92 | | | 82 | | | 51 | | | 91 | | | 77 | | | 78 | | | 41 | |
Long-term investments | | 0 | | | 0 | | | 0 | | | 281 | | | 281 | | | 281 | | | 281 | |
Plant assets, net | | 4,366 | | | 4,350 | | | 3,804 | | | 2,147 | | | 2,219 | | | 1,973 | | | 1,693 | |
Total assets | $ | 9,150 | | $ | 8,247 | | $ | 7,252 | | $ | 5,343 | | $ | 5,128 | | $ | 4,588 | | $ | 3,700 | |
Liabilities andEquity | | | | | | | | | | | | | | | | | | | | | |
Current liabilities | $ | 2,302 | | $ | 1,936 | | $ | 1,270 | | $ | 1,057 | | $ | 917 | | $ | 867 | | $ | 559 | |
Long-term liabilities | | 2,459 | | | 2,142 | | | 2,084 | | | 968 | | | 988 | | | 1,070 | | | 803 | |
Common stock | | 1,665 | | | 1,665 | | | 1,665 | | | 1,480 | | | 1,480 | | | 1,295 | | | 1,295 | |
Other paid-in capital | | 416 | | | 416 | | | 416 | | | 370 | | | 370 | | | 324 | | | 324 | |
Retained earnings | | 2,308 | | | 2,088 | | | 1,817 | | | 1,468 | | | 1,373 | | | 1,032 | | | 719 | |
Total liabilities andequity | $ | 9,150 | | $ | 8,247 | | $ | 7,252 | | $ | 5,343 | | $ | 5,128 | | $ | 4,588 | | $ | 3,700 | |
|
Required:
1. Complete the below table to calculate the trendpercents for all components of both statements using 2011 as thebase year. (Round your percentage answers to 1 decimalplace.)