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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 $ 2,206 $ 1,932 $ 1,758 $ 1,611 $ 1,504 $ 1,398 $ 1,146
Cost of goods sold 1,587 1,291 1,110 972 903 845 673
Gross profit 619 641 648 639 601 553 473
Operating expenses 473 370 339 250 217 214 178
Net income $ 146 $ 271 $ 309 $ 389 $ 384 $ 339 $ 295

HAROUN COMPANY
Comparative Year-End Balance Sheets
December 31, 20212015
($ thousands) 2021 2020 2019 2018 2017 2016 2015
Assets
Cash $ 104 $ 137 $ 143 $ 146 $ 151 $ 149 $ 154
Accounts receivable, net 746 784 710 544 479 454 320
Merchandise inventory 2,700 1,966 1,718 1,447 1,300 1,104 801
Other current assets 69 62 38 69 58 59 31
Long-term investments 0 0 0 213 213 213 213
Plant assets, net 3,305 3,292 2,879 1,624 1,680 1,493 1,281
Total assets $ 6,924 $ 6,241 $ 5,488 $ 4,043 $ 3,881 $ 3,472 $ 2,800
Liabilities and Equity
Current liabilities 1,742 $ 1,465 $ 961 $ 799 $ 694 $ 656 $ 423
Long-term liabilities 1,862 1,622 1,578 733 748 810 608
Common stock 1,260 1,260 1,260 1,120 1,120 980 980
Other paid-in capital 315 315 315 280 280 245 245
Retained earnings 1,745 1,579 1,374 1,111 1,039 781 544
Total liabilities and equity $ 6,924 $ 6,241 $ 5,488 $ 4,043 $ 3,881 $ 3,472 $ 2,800

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?

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