Selected comparative financial statements of Haroun Company follow.

HAROUN COMPANY

Comparative Income Statements

For Years Ended December $31,20212015$

$($$ thousands$)2021202020192018201720162015$

Sales $ $1,933$ $ $1,693$ $ $1,540$ $ $1,412$ $ $1,317$ $ $1,225$ $ $1,004$

Cost of goods sold $1,3891,130972851790739589$

Gross profit $544563568561527486415$

Operating expenses $414324297219190188156$

Net income $ $130$ $ $239$ $ $271$ $ $342$ $ $337$ $ $298$ $ $259$

HAROUN COMPANY

Comparative Year$-$End Balance Sheets

December $31,20212015$

$($$ thousands$)2021202020192018201720162015$

Assets

Cash $ $78$ $ $103$ $ $107$ $ $109$ $ $114$ $ $112$ $ $116$

Accounts receivable, net $560588532408360341240$

Merchandise inventory $2,0251,4751,2881,085975828601$

Other current assets $52472952444423$

Long$-$term investments $000160160160160$

Plant assets, net $2,4782,4682,1601,2181,2581,119960$

Total assets $ $5,193$ $ $4,681$ $ $4,116$ $ $3,032$ $ $2,911$ $ $2,604$ $ $2,100$

Liabilities and Equity

Current liabilities $1,305$ $ $1,098$ $ $720$ $ $599$ $ $520$ $ $492$ $ $317$

Long$-$term liabilities $1,3961,2161,183549561608456$

Common stock $945945945840840735735$

Other paid$-$in capital $236236236210210184184$

Retained earnings $1,3111,1861,032834780585408$

Total liabilities and equity $ $5,193$ $ $4,681$ $ $4,116$ $ $3,032$ $ $2,911$ $ $2,604$ $ $2,100$

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?