HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 20212015 ($ thousands) 2021 2020 2019 2018 2017 2016 2015 Sales $ 2,622 $ 2,296 $ 2,089 $ 1,915 $ 1,787 $ 1,662 $ 1,362 Cost of goods sold 1,884 1,532 1,318 1,154 1,072 1,003 799 Gross profit 738 764 771 761 715 659 563 Operating expenses 560 438 402 297 257 254 211 Net income $ 178 $ 326 $ 369 $ 464 $ 458 $ 405 $ 352 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 20212015 ($ thousands) 2021 2020 2019 2018 2017 2016

Complete the below table to calculate the trend percents for all components of both statements using 2015 as the base year.

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?