a Amazon.com: Watc... M Gmail YouTube Maps Chapter 9 You'll Re... AP ADP kindle Your Library = Aa Selected comparative financial financial statements of Haroun Company follow. HAROUN COMPANY Comparative Year-End Balance Sheets Search page 530 At December 31, $ thousands Assets 2021 2020 2019 2018 2017 2016 2015 Cash.. $ 58 $78 $ 82 $ 84 $ 88 $ 86 $ 89 HAROUN COMPANY Comparative Income Statements For Years Ended December 31 $ thousands 2021 2020 2019 2018 2017 2016 2015 Sales..... $1,694 $1,496 $1,370 $1,264 $1,186 $1,110 $928 Accounts receivable, net... Merchandise inventory..... Other current assets... Long-term investments.... Plant assets, net... Total assets... 490 1,838 514 466 360 318 1,364 1,204 1,032 936 36 32 14 34 28 0 0 0 146 146 2,020 2,014 1,752 $4,442 $4,002 $3,518 944 978 $2,600 $2,494 Cost of goods sold .... 1,246 1,032 902 802 752 710 586 Liabilities and Equity Gross profit.... 448 464 468 462 434 400 342 Current liabilities.. Operating expenses... 330 256 234 170 146 144 118 Long-term liabilities $1,220 $1,042 $ 718 1,294 1,140 1,112 $ 614 $ 546 570 580 Net income $ 118 $ 208 $ 234 $ 292 $ 288 $ 256 $224 Common stock.. 1,000 1,000 1,000 850 850 Other paid-in capital.. Retained earnings.. 250 250 250 170 170 678 570 438 396 348 8 302 216 810 615 28 9 146 146 860 725 $2,232 $1,800 $ 522 $ 282 620 400 650 650 150 150 290 318 Total liabilities and equity... $4,442 $4,002 $3,518 $2,600 $2,494 $2,232 $1,800 Required Reading list 1. Compute trend percents for all components of both statements using 2015 as the base year. Round percents to one decimal. Check (1) 2021, Total assets trend, 246.8% Analysis Component 2. Refer to the results from part 1. (a) Did sales grow steadily over this period? (b) Did net income as a percent of sales grow over the past four years? (c) Did inventory increase over this period