Selected comparative financial statements of Tripoly Company follow.

Required
1. Compute trend percents for all components of both statements using 2011 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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TRIPOLY COMPANY Comparatlve Income Statements For Years Ended December 31, 2017-2011 $ thousands Sales Cost of goods sold Gross profit Operating expenses. Net income 2017 2016 2015 2014 2013 2012 2011 $560 $610 $630 $680 $740 $770 $860 276 290 294 314 340 350 380 284 320 336 366 400 420 480 84 104 112 26 140 144150 $200 $216 $224 $240 $260 $276 $330 TRIPOLY COMPANY Comparatlve Balance Sheets December 31, 2017-2011 2017 2016 2015 2014 2013 2012 $ thousands 2011 S44 $ 46 130 136 166 172 52 $54 60 140 144 178 180 36 26 110 20 412 62 154 190 68 Accounts receivable, net 150 186 160 Other current assets Long-term investments Plant assets, net Total assets 110 454 $920 $932 $952 $938 964 $984 $1,040 110 420 110 428 510 514 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 $260 142 148 160 160 280 92 120 160 160 70 450 426 194 1 160 160 160 70 420 394 370 $920 $932 $952 $938 964 $984 $1,040