Selected comparative financial statements of Haroun Company follow.

HAROUN COMPANY

Comparative Income Statements

For Years Ended December $31,20212015$

$($$ thousands$)2021202020192018201720162015$

Sales $ $2,387$ $ $2,091$ $ $1,902$ $ $1,743$ $ $1,627$ $ $1,513$ $ $1,240$

Cost of goods sold $1,7171,3961,2011,051977914728$

Gross profit $670695701692650599512$

Operating expenses $510399366270234231192$

Net income $ $160$ $ $296$ $ $335$ $ $422$ $ $416$ $ $368$ $ $320$

HAROUN COMPANY

Comparative Year$-$End Balance Sheets

December $31,20212015$

$($$ thousands$)2021202020192018201720162015$

Assets

Cash $ $156$ $ $206$ $ $214$ $ $218$ $ $227$ $ $224$ $ $231$

Accounts receivable, net $1,1201,1761,064816719681480$

Merchandise inventory $4,0512,9492,5772,1711,9501,6561,201$

Other current assets $1049458103878946$

Long$-$term investments $000319319319319$

Plant assets, net $4,9564,9374,3192,4382,5192,2391,923$

Total assets $ $10,387$ $ $9,362$ $ $8,232$ $ $6,065$ $ $5,821$ $ $5,208$ $ $4,200$

Liabilities and Equity

Current liabilities $2,611$ $ $2,196$ $ $1,440$ $ $1,198$ $ $1,040$ $ $983$ $ $634$

Long$-$term liabilities $2,7892,4302,3641,0981,1211,214911$

Common stock $1,8901,8901,8901,6801,6801,4701,470$

Other paid$-$in capital $473473473420420368368$

Retained earnings $2,6242,3732,0651,6691,5601,173817$

Total liabilities and equity $ $10,387$ $ $9,362$ $ $8,232$ $ $6,065$ $ $5,821$ $ $5,208$ $ $4,200$

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?