Selected comparative financial statements of Haroun Company follow.

HAROUN COMPANY

Comparative Income Statements

For Years Ended December $31,20212015$

$($$ thousands$)2021202020192018201720162015$

Sales $ $2,248$ $ $1,969$ $ $1,792$ $ $1,642$ $ $1,532$ $ $1,425$ $ $1,168$

Cost of goods sold $1,6181,3161,132991921861686$

Gross profit $630653660651611564482$

Operating expenses $481376345254221218181$

Net income $ $149$ $ $277$ $ $315$ $ $397$ $ $390$ $ $346$ $ $301$

HAROUN COMPANY

Comparative Year$-$End Balance Sheets

December $31,20212015$

$($$ thousands$)2021202020192018201720162015$

Assets

Cash $ $119$ $ $157$ $ $163$ $ $166$ $ $173$ $ $171$ $ $176$

Accounts receivable, net $853896811622548519366$

Merchandise inventory $3,0862,2471,9631,6541,4861,262915$

Other current assets $79714479676735$

Long$-$term investments $000243243243243$

Plant assets, net $3,7773,7623,2911,8571,9181,7061,465$

Total assets $ $7,914$ $ $7,133$ $ $6,272$ $ $4,621$ $ $4,435$ $ $3,968$ $ $3,200$

Liabilities and Equity

Current liabilities $1,989$ $ $1,673$ $ $1,097$ $ $913$ $ $792$ $ $749$ $ $483$

Long$-$term liabilities $2,1251,8511,801836854925694$

Common stock $1,4401,4401,4401,2801,2801,1201,120$

Other paid$-$in capital $360360360320320280280$

Retained earnings $2,0001,8091,5741,2721,189894623$

Total liabilities and equity $ $7,914$ $ $7,133$ $ $6,272$ $ $4,621$ $ $4,435$ $ $3,968$ $ $3,200$

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?