HAROUN COMPANY

Comparative Income Statements

HAROUN COMPANY

Comparative Year$-$End Balance Sheets

$($$ thousands$)$

Assets

Cash

Accounts receivable, net

Merchandise inventory

Other current assets

Long$-$term investments

Plant assets, net

Total assets

Liabilities and Equity

Current liabilities

Longterm liabilities

Common stock

Other paid$-$in capital

Retained earnings

Total liabilities and equity

Required:

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?

Complete this question by entering your answers in the tabs below.