Selected comparative financial statements of Haroun Company follow.

HAROUN COMPANY

Comparative Income Statements

For Years Ended December $31,20212015$

$($$ thousands$)2021202020192018201720162015$

Sales $ $2,720$ $ $2,382$ $ $2,168$ $ $1,987$ $ $1,854$ $ $1,724$ $ $1,413$

Cost of goods sold $1,9551,5901,3681,1971,1131,040829$

Gross profit $765792800790741684584$

Operating expenses $582455417308267263219$

Net income $ $183$ $ $337$ $ $383$ $ $482$ $ $474$ $ $421$ $ $365$

HAROUN COMPANY

Comparative Year$-$End Balance Sheets

December $31,20212015$

$($$ thousands$)2021202020192018201720162015$

Assets

Cash $ $115$ $ $152$ $ $158$ $ $161$ $ $168$ $ $165$ $ $171$

Accounts receivable, net $826868786602531503355$

Merchandise inventory $2,9902,1771,9021,6021,4391,222887$

Other current assets $77694376646534$

Long$-$term investments $000236236236236$

Plant assets, net $3,6583,6443,1871,7991,8591,6531,417$

Total assets $ $7,666$ $ $6,910$ $ $6,076$ $ $4,476$ $ $4,297$ $ $3,844$ $ $3,100$

Liabilities and Equity

Current liabilities $1,927$ $ $1,621$ $ $1,063$ $ $885$ $ $768$ $ $726$ $ $468$

Long$-$term liabilities $2,0611,7951,746811828897673$

Common stock $1,3951,3951,3951,2401,2401,0851,085$

Other paid$-$in capital $349349349310310271271$

Retained earnings $1,9341,7501,5231,2301,151865603$

Total liabilities and equity $ $7,666$ $ $6,910$ $ $6,076$ $ $4,476$ $ $4,297$ $ $3,844$ $ $3,100$

Required:

Complete the below table to calculate the trend percents for all components of both statements using $2015$ as the base year.

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?