Lululemon Athletica inc. has seen a significant amount of growth over the last three years. The following selected information is available for three recent fiscal years:

Instructions
(a) Using horizontal analysis, calculate the percentage of the base-year amount for each of the statement of financial position and income statement, assuming 2011 is the base year.
(b) Identify the key components in lululemon's statement of financial position and income statement that are primarily responsible for the change in the company's financial position and performance over the three-year period.

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LULULEMON ATHLETICA INC. Statement of Financial Position January 31 (in US. thousands) 2013 2012 2011 Assets Current assets Non-current assets Total assets $527,093 207,541 $734,634 s 787,053 $389,279 110,023 $499,30 264,025 $1,051,078 Liabilities and Shareholders' E Liabilities $ 85,364 19,645 105,009 394,293 $499,302 Current liabilities Non-current liabilities S 133,357 30,422 163,779 887,299 $1,051,078 $103,439 25,014 128,453 606,181 $734,634 Total liabilities Shareholders equity Total liabilities and shareholders' equity LULULEMON ATHLETICA INC. Income Statement Year Ended January 31 (in U.S. thousands) 2013 2012 Net revenue Cost of goods sold Gross proft Operating expenses Profit from operations Other income Profit before income tax Income tax expense Profit 2011 $711,704 316,757 94,947 214,556 180,391 $1,370,358 $1,000,839 607,532 762,826 386,387282,393 376,439 431,488 569,351 286,958 4,082 380,521 109,965 $ 270,556 1,599 288,557 04,494 $ 184,063 2,536 182,927 61,080 121,847