HAROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 20212015
($ thousands)	2021	2020	2019	2018	2017	2016	2015
Sales	$ 2,479	$ 2,172	$ 1,976	$ 1,811	$ 1,690	$ 1,571	$ 1,288
Cost of goods sold	1,783	1,450	1,247	1,092	1,015	949	756
Gross profit	696	722	729	719	675	622	532
Operating expenses	531	416	381	281	244	241	200
Net income	$ 165	$ 306	$ 348	$ 438	$ 431	$ 381	$ 332

HAROUN COMPANY
Comparative Year-End Balance Sheets
December 31, 20212015
($ thousands)	2021	2020	2019	2018	2017	2016	2015
Assets
Cash	$ 119	$ 157	$ 163	$ 166	$ 173	$ 171	$ 176
Accounts receivable, net	853	896	811	622	548	519	366
Merchandise inventory	3,086	2,247	1,963	1,654	1,486	1,262	915
Other current assets	79	71	44	79	67	67	35
Long-term investments	0	0	0	243	243	243	243
Plant assets, net	3,777	3,762	3,291	1,857	1,918	1,706	1,465
Total assets	$ 7,914	$ 7,133	$ 6,272	$ 4,621	$ 4,435	$ 3,968	$ 3,200
Liabilities and Equity
Current liabilities	1,989	$ 1,673	$ 1,097	$ 913	$ 792	$ 749	$ 483
Long-term liabilities	2,125	1,851	1,801	836	854	925	694
Common stock	1,440	1,440	1,440	1,280	1,280	1,120	1,120
Other paid-in capital	360	360	360	320	320	280	280
Retained earnings	2,000	1,809	1,574	1,272	1,189	894	623
Total liabilities and equity	$ 7,914	$ 7,133	$ 6,272	$ 4,621	$ 4,435	$ 3,968	$ 3,200

1. Complete the below table to calculate the trend percents for all components of both statements using 2015 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?