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Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 20212015 ($ thousands) 2021 2020 2019 2018

Selected comparative financial statements of Haroun Company follow.

HAROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 20212015
($ thousands) 2021 2020 2019 2018 2017 2016 2015
Sales $ 2,714 $ 2,377 $ 2,163 $ 1,982 $ 1,850 $ 1,720 $ 1,410
Cost of goods sold 1,952 1,588 1,366 1,196 1,111 1,039 828
Gross profit 762 789 797 786 739 681 582
Operating expenses 582 455 417 308 267 263 219
Net income $ 180 $ 334 $ 380 $ 478 $ 472 $ 418 $ 363

HAROUN COMPANY
Comparative Year-End Balance Sheets
December 31, 20212015
($ thousands) 2021 2020 2019 2018 2017 2016 2015
Assets
Cash $ 126 $ 167 $ 173 $ 177 $ 184 $ 181 $ 187
Accounts receivable, net 906 952 862 661 582 551 389
Merchandise inventory 3,279 2,387 2,086 1,758 1,579 1,341 972
Other current assets 84 76 47 83 71 72 37
Long-term investments 0 0 0 258 258 258 258
Plant assets, net 4,013 3,997 3,496 1,973 2,038 1,813 1,557
Total assets $ 8,408 $ 7,579 $ 6,664 $ 4,910 $ 4,712 $ 4,216 $ 3,400
Liabilities and Equity
Current liabilities 2,113 $ 1,777 $ 1,166 $ 970 $ 841 $ 796 $ 513
Long-term liabilities 2,260 1,968 1,915 889 908 984 738
Common stock 1,530 1,530 1,530 1,360 1,360 1,190 1,190
Other paid-in capital 383 383 383 340 340 298 298
Retained earnings 2,122 1,921 1,670 1,351 1,263 948 661
Total liabilities and equity $ 8,408 $ 7,579 $ 6,664 $ 4,910 $ 4,712 $ 4,216 $ 3,400

Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2015 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 2015 as the base year. (Round your percentage answers to 1 decimal place.)

HAROUN COMPANY
Income Statement Trends
For Years Ended December 31, 20212015
2021 2020 2019 2018 2017 2016 2015
Sales % % % % % % 100.0 %
Cost of goods sold 100.0
Gross profit 100.0
Operating expenses 100.0
Net income % % % % % % 100.0

%

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