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 $1,850 $1,62e $1,474 $1,351 $1,261 $1,172 $ 961 1,330 1,082 931 814 757 788 564 520 538 543 537 584 464 397 396 319 284 2e9 182 179 149 $ 124 $ 228 $ 259 $ 328 $ 322 $ 285 $ 248 HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 2018 2017 2016 2015 2814 2013 924 378 (s 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 $ 122 $ 162 $ 168 S 172 178 $ 176 $ 182 880 836 641 565 535 3,183 2,317 2,024 1.706 1,532 1.31 944 82 74 45 81 69 ze 36 e e 253 251 251 25 3,894 3,879 3,395 1,914 1,979 1,759 1,5e9 $8,161 $7,356 56,468 $4,765 $4,574 $4,092 $3,30 52,051 $1,725 $1,131 $ 941 $ 817 $ 772 5498 2,192 1,91e 1,858 863 881 954 716 1,485 1,485 1,485 1,320 1,320 1,155 1,155 371 371 371 330 330 289 2,062 1,865 1,623 1,311 1,226 922 642 $8,161 $7,356 $6,468 54,765 $4,574 $4,292 $3,300 289 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? (5) Did net income as a percent of sales grow over the 1 past four years? (Did Inventory increase over this period? Question by entering your answers in the tabs below. oped Complete this question by entering your answers in the tabs below. Book Print ferences Required 1 Required 1 Comp IS Comp BS Required 2 Complete the below table to calculate the trend percents for all components of comparative income statements using 2013 as percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2010-2013 2019 2018 2017 2016 2015 2014 Sales 100.0 Cost of goods sold 100.0 Gross profit 1000 Operating expenses 1000 Not income 2013 100019 % Next >