Selected comparative financial statements of Tripoly Company follow.
TRIPOLY COMPANY
Comparative Income Statements
For Years Ended December 31, 2016-2010

TRIPOLY COMPANY
Comparative Balance Sheets
December 31, 2016-2010

Required
1. Compute trend percents for all components of both statements using 2010 as the base year. (Round percents to one decimal.)
Analysis Component
2. Analyze and comment on the financial statements and trend percents from part 1?

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$thousands Sales .. Cost of goods sold. 2016 2015 2014 2013 2012 2011 2010 SİGO S&M) 276 290 294 314 340 350 380 284 320 336 366 400 420 480 $GIO $630 SA0 $//0 รเริ&D ... Operating expenses Net income 104 112 126 140 14 150 . $200 $216 $224 $240 $260 $276 $330 $thousands 2016 2015 2014 2013 2012 2011 2010 . . . . 44 46 52 $54 60 62 68 160 208 154 190 130 136 166 172 34 36 140 144 178 180 38 26 II0 520 412 150 Merchandise inventory Other current assets 110 454 $920 $932 $952 $938 $964 $984 $1,040 110 420 110 428 Plant assets, net 510 514 assets. ...$ Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity .._ ._ . . .. $148 $156 $186 $190 $210 $260 280 120 160 214 160 142 148 160 160 70 394 370 194 160 160 450 426 330 280 270 5 $920 $932 $952 $938 $964 4 $1,040