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Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 2019 2018 $ 1,247 787

 

Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 2019 2018 $ 1,247 787 460 240 $ 220 ($ thousands) Sales Cost of goods sold Gross profit Operating expense Net income ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets 2021 $1,565. 1,125 440 335 $ 105 Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 2020 $ 1,371 915 456 262 $ 194 2021 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 2020 2019 $ 160 1,146 4,147 106 0 5,075 $ 10,634 2,673 2,857 1,935 484 2,685 $ 10,634 $ 211 1,204 3,019 $ 1,143 689 454 177 $ 277 96 e 5,055 $9,585 $ 219 1,090 2,638 59 0 4,422 $ 8,428 2017 $ 1,067 640 $ 1,475 2,421 427 154 $ 273 2018 $ 224 836 2,223 106 327 2,493 $6,209 $2,247 $ 1,227 2,488 1,124 1,935 1,935 1,720 484 430 484 2,113 2,431 1,708 $ 9,585 $ 8,428 $ 6,209 2016 $992 599 393 152 $ 241 2017 $ 232 736 1,997 89 327 2,579 $5,960 $ 1,064 1,149 1,720 430 1,597 $ 5,960 2015 $813 477 336 126 $ 210 2016 $ 229 697 1,696 91 327 2,292 $5,332 $ 1,007 1,244 1,505 376 1,200 $ 5,332 2015 $ 237 492 1,230 47 327 1,967 $ 4,300 $ 649 933 1,505 376 837 $ 4,300 Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2015 as the base year. ok nces Assets Cash + Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities & equity 2021 % % % % 2020 HAROUN COMPANY Balance Sheet Trends December 31, 2021-2015 2019 % % % % % % 2018 % % % % 2017 % % % 2016 % % % % 2015 100.0 % 100.0 100.0 100.0 100.0 100.0 100.0 % 100.0 % 100.0 100.0 100.0 100.0 100.0 % 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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