Selected comparative financial statements of Haroun Company follow. (5 thousands) Sales Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 $1,630 $1,428 $1,299 $1,191 $1,111 $1,033 $ 847 1,172 953 820 718 667 624 497 458 475 479 473 444 409 350 348 272 250 184 160 158 131 $ 110 $ 203 $ $ 229 $ 289 $ 284 284 $ 251 $ 219 HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid in capital Retained earnings Total liabilities and equity $ 100 720 2,604 67 0 3,186 $6,677 $ 132 $ 138 $ 140 756 684 525 1,896 1,656 1,396 60 37 66 205 3,174 2,777 1,567 $6,018 $5,292 $3,899 $ 146 $ 144 462 438 1,254 1,065 56 57 205 205 1,619 1,439 $3,742 $3,348 $ 149 309 772 30 205 1,235 $2,700 $1,680 $1,413 $ 927 $ 771 $ 669 $ 633 $ 408 1,794 1,563 1,521 706 721 781 586 1,215 1,215 1,215 1,089 1,080 945 945 304 304 304 270 270 236 236 1,684 1,523 1,325 1,072 1,002 753 525 $6,677 $6,018 $5,292 $3,899 $3,742 $3,348 $2,700 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? (6) Did net income as a percent of sales grow over the past four years? (Did inventory increase over this period? Complete this question by entering your answers in the tabs below. Required 1 Comp IS Required 1 Comp BS Required 2 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, 2019-2013 2018 2017 2016 % % % 2019 2015 2014 % % % % Sales Cost of goods sold Gross profit Operating expenses Net income 2013 100.0 % 100.0 100.0 100.0 100.0 % % % % % Required 1 Comp is Required 1 Comp BS > Complete this question by entering your answers in the tabs below. Required 1 Comp IS Required 1 Comp BS Required 2 Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2013 as the base year. (Round your percentage answers to 1 decimal place.) HAROUN COMPANY Balance Sheet Trends December 31, 2019-2013 2017 2016 2019 2018 2015 2014 2013 Assets Cash % % % % 100.0 % 100.0 100.0 Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net 100.0 100.0 100.0 Total assets % 100.0 % % % % % 100.0 % 100.0 Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities & equity 100.0 100.0 100.0 % 100.0 % Complete this question by entering your answers in the tabs below. Required 1 Comp IS Required 1 Comp BS Required 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? (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?