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

HAROUN 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?

2016 2015 2014 2013 2012 20 2010 $thousands Sales Cost of goods sold. Gross profit.... Operating expenses Net income $1,694 $1,496 $1,370 $1,264 $1,186 $1,110 928 586 342 118 $ 118 208 234 292 288 256 $224 752 434 146 710 400 144 ,246 1,032 464 902 468 234 802 462 170 448 330 256 $thousands Assets Cash ..._.... Accounts receivable, net Merchandise inventory Other current assets 2016 2015 2014 2013 2012 201 2010 .58 $78 $ 8284 $ 88 $ 86 $ 89 302 216 615 318 36 28 146 978 490 514 466 1,838 1,364 1,204 1,032 9 810 36 32 g-term investments Plant assets, net Total assets... 146 725 . $4,442 $4,002 $3,518 $2,600 $2,494 $2,232 $1,800 34 146 944 28 146 860 2,020 2,014 1,752 Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $1,220 $1,042 $ 718 1,294 ,140 .112 1,000 ,000 ,000 614 570 850 170 396 546 $ 522 620 282 650 150 318 . $4,442 $4,002 $3,518 $2,600 $2,494 $2,232 $1,800 850 170 348 150 678 570 438