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Selected comparative financial statements of Haroun Company follow. Comparative Balance Sheets December 31, 20192013 ($ thousands) 2019 2018 2017 2016 2015 2014 2013 Assets Cash
Selected comparative financial statements of Haroun Company follow.
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: 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?
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