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1.) Comparative statements for Kool Corporation are shown below:

Calculate trend percentages for all income statement amounts shown and comment on the results. Use 2010 as the base year. Comment on the results.

	Kool Corporation
	Comparative Income Statements
	For the years ended December 31
	2012	2011	2010
Sales	$14,800	$13,229	$13,994
Cost of Goods sold	8225	8661	8375
Gross profit	6575	4568	5619
Operating expenses	3664	3576	3487
Operating income	$2,911	$992	$2,132

2) Calculate the percent increases for each of the following selected balance sheet items.

	2012	2011
Cash	$569	$448
Accounts receivable	2234	2337
Merchandise inentory	1062	1071
Plant assets	2432	2138
Bonds payable	1164	1666
Equity	2777	2894

3) The comparative balance sheet for Golden Co. is shown below. Express the balance sheet in common-size percents.

	Golden Company
	Comparative Balance Sheets (in $000)
	December 31, 2010-2012
	2012	2011	2010
Cash	$49.6	$34.2	$35.7
Accounts receivable	74.4	85.5	76.5
Merchandise Inventory	148.8	125.4	91.8
Plant assets (net)	347.2	324.9	306
Total assets	$620	$570	$510
Accounts payable	$117.8	$51.3	$76.5
Bonds payable	130.2	159.6	107.1
Common stock	266.6	279.3	265.2
Retained earnings	105.4	79.8	61.2
Total liabilities and equity	$620	$570	$510