HAROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 20192013
($ thousands)	2019			2018			2017			2016			2015			2014			2013
Sales	$	2,778		$	2,433		$	2,214		$	2,029		$	1,893		$	1,760		$	1,443
Cost of goods sold		1,997			1,625			1,398			1,223			1,137			1,063			847
Gross profit		781			808			816			806			756			697			596
Operating expenses		595			465			427			315			273			269			224
Net income	$	186		$	343		$	389		$	491		$	483		$	428		$	372

HAROUN COMPANY
Comparative Balance Sheets
December 31, 20192013
($ thousands)	2019			2018			2017			2016			2015			2014			2013
Assets
Cash	$	160		$	211		$	219		$	224		$	232		$	229		$	237
Accounts receivable, net		1,146			1,204			1,090			836			736			697			492
Merchandise inventory		4,147			3,019			2,638			2,223			1,997			1,696			1,230
Other current assets		106			96			59			106			89			91			47
Long-term investments		0			0			0			327			327			327			327
Plant assets, net		5,075			5,055			4,422			2,493			2,579			2,292			1,967
Total assets	$	10,634		$	9,585		$	8,428		$	6,209		$	5,960		$	5,332		$	4,300
Liabilities and Equity
Current liabilities	$	2,673		$	2,247		$	1,475		$	1,227		$	1,064		$	1,007		$	649
Long-term liabilities		2,857			2,488			2,421			1,124			1,149			1,244			933
Common stock		1,935			1,935			1,935			1,720			1,720			1,505			1,505
Other paid-in capital		484			484			484			430			430			376			376
Retained earnings		2,685			2,431			2,113			1,708			1,597			1,200			837
Total liabilities and equity	$	10,634		$	9,585		$	8,428		$	6,209		$	5,960		$	5,332		$	4,300

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? Complete the below table to calculate the trend percents for all components of comparative income statements using 2013 as the base year. (Round your percentage answers to 1 decimal place.)

HAROUN COMPANY
Income Statement Trends
For Years Ended December 31, 20192013
	2019		2018		2017		2016		2015		2014		2013
Sales		%		%		%		%		%		%	100.0	%
Cost of goods sold													100.0
Gross profit													100.0
Operating expenses													100.0
Net income		%		%		%		%		%		%	100.0	%