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elected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 20192013 ($ thousands) 2019 2018 2017 2016

elected comparative financial statements of Haroun Company follow.

HAROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 20192013
($ thousands) 2019 2018 2017 2016 2015 2014 2013
Sales $ 1,669 $ 1,462 $ 1,330 $ 1,219 $ 1,138 $ 1,058 $ 867
Cost of goods sold 1,200 976 840 735 683 639 509
Gross profit 469 486 490 484 455 419 358
Operating expenses 356 278 255 188 163 161 134
Net income $ 113 $ 208 $ 235 $ 296 $ 292 $ 258 $ 224

HAROUN COMPANY
Comparative Balance Sheets
December 31, 20192013
($ thousands) 2019 2018 2017 2016 2015 2014 2013
Assets
Cash $ 126 $ 167 $ 173 $ 177 $ 184 $ 181 $ 187
Accounts receivable, net 906 952 862 661 582 551 389
Merchandise inventory 3,279 2,387 2,086 1,758 1,579 1,341 972
Other current assets 84 76 47 83 71 72 37
Long-term investments 0 0 0 258 258 258 258
Plant assets, net 4,013 3,997 3,496 1,973 2,038 1,813 1,557
Total assets $ 8,408 $ 7,579 $ 6,664 $ 4,910 $ 4,712 $ 4,216 $ 3,400
Liabilities and Equity
Current liabilities $ 2,113 $ 1,777 $ 1,166 $ 970 $ 841 $ 796 $ 513
Long-term liabilities 2,260 1,968 1,915 889 908 984 738
Common stock 1,530 1,530 1,530 1,360 1,360 1,190 1,190
Other paid-in capital 383 383 383 340 340 298 298
Retained earnings 2,122 1,921 1,670 1,351 1,263 948 661
Total liabilities and equity $ 8,408 $ 7,579 $ 6,664 $ 4,910 $ 4,712 $ 4,216 $ 3,400

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?

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