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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 $ 1,719 $ 1,506 $ 1,370 $ 1,256 $ 1,172 $ 1,089 $ 893
Cost of goods sold 1,236 1,005 865 757 703 658 524
Gross profit 483 501 505 499 469 431 369
Operating expenses 367 287 263 194 168 166 138
Net income $ 116 $ 214 $ 242 $ 305 $ 301 $ 265 $ 231

HAROUN COMPANY
Comparative Year-End Balance Sheets
December 31, 20212015
($ thousands) 2021 2020 2019 2018 2017 2016 2015
Assets
Cash $ 122 $ 162 $ 168 $ 172 $ 178 $ 176 $ 182
Accounts receivable, net 880 924 836 641 565 535 378
Merchandise inventory 3,183 2,317 2,024 1,706 1,532 1,301 944
Other current assets 82 74 45 81 69 70 36
Long-term investments 0 0 0 251 251 251 251
Plant assets, net 3,894 3,879 3,395 1,914 1,979 1,759 1,509
Total assets $ 8,161 $ 7,356 $ 6,468 $ 4,765 $ 4,574 $ 4,092 $ 3,300
Liabilities and Equity
Current liabilities 2,051 $ 1,725 $ 1,131 $ 941 $ 817 $ 772 $ 498
Long-term liabilities 2,192 1,910 1,858 863 881 954 716
Common stock 1,485 1,485 1,485 1,320 1,320 1,155 1,155
Other paid-in capital 371 371 371 330 330 289 289
Retained earnings 2,062 1,865 1,623 1,311 1,226 922 642
Total liabilities and equity $ 8,161 $ 7,356 $ 6,468 $ 4,765 $ 4,574 $ 4,092 $ 3,300

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? image text in transcribedimage text in transcribedimage text in transcribed

Complete this question by entering your answers in the tabs below. 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? Complete the below table to calculate the trend percents for all components of comparative income statements using 2015 as the base year. (Round your percentage answers to 1 decimal place.)

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