AROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 20192013
($ thousands)	2019			2018			2017			2016			2015			2014			2013
Sales	$	2,104		$	1,843		$	1,677		$	1,537		$	1,434		$	1,333		$	1,093
Cost of goods sold		1,514			1,231			1,059			927			862			806			642
Gross profit		590			612			618			610			572			527			451
Operating expenses		449			351			322			238			206			203			169
Net income	$	141		$	261		$	296		$	372		$	366		$	324		$	282

HAROUN COMPANY
Comparative Balance Sheets
December 31, 20192013
($ thousands)	2019			2018			2017			2016			2015			2014			2013
Assets
Cash	$	141		$	186		$	194		$	198		$	205		$	203		$	209
Accounts receivable, net		1,013			1,064			963			739			650			616			435
Merchandise inventory		3,665			2,668			2,331			1,964			1,764			1,498			1,087
Other current assets		94			85			52			93			79			80			42
Long-term investments		0			0			0			289			289			289			289
Plant assets, net		4,484			4,467			3,908			2,204			2,280			2,026			1,738
Total assets	$	9,397		$	8,470		$	7,448		$	5,487		$	5,267		$	4,712		$	3,800
Liabilities and Equity
Current liabilities	$	2,364		$	1,988		$	1,304		$	1,085		$	941		$	890		$	574
Long-term liabilities		2,526			2,200			2,141			994			1,016			1,100			825
Common stock		1,710			1,710			1,710			1,520			1,520			1,330			1,330
Other paid-in capital		428			428			428			380			380			333			333
Retained earnings		2,369			2,144			1,865			1,508			1,410			1,059			738
Total liabilities and equity	$	9,397		$	8,470		$	7,448		$	5,487		$	5,267		$	4,712		$	3,800

Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2013 as the base year. 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?