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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

image text in transcribedSelected 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 $ 1,694 $ 1,496 $ 1,370 $ 1,264 $ 1,186 $ 1,110 $ 928 Cost of goods sold 1,246 1,032 902 802 752 710 586 Gross profit 448 464 468 462 434 400 342 Operating expenses 330 256 234 170 146 144 118 Net income $ 118 $ 208 $ 234 $ 292 $ 288 $ 256 $ 224 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 20212015 ($ thousands) 2021 2020 2019 2018 2017 2016 2015 Assets Cash $ 58 $ 78 $ 82 $ 84 $ 88 $ 86 $ 89 Accounts receivable, net 490 514 466 360 318 302 216 Merchandise inventory 1,838 1,364 1,204 1,032 936 810 615 Other current assets 36 32 14 34 28 28 9 Long-term investments 0 0 0 146 146 146 146 Plant assets, net 2,020 2,014 1,752 944 978 860 725 Total assets $ 4,442 $ 4,002 $ 3,518 $ 2,600 $ 2,494 $ 2,232 $ 1,800 Liabilities and Equity Current liabilities $ 1,220 $ 1,042 $ 718 $ 614 $ 546 $ 522 $ 282 Long-term liabilities 1,294 1,140 1,112 570 580 620 400 Common stock 1,000 1,000 1,000 850 850 650 650 Other paid-in capital 250 250 250 170 170 150 150 Retained earnings 678 570 438 396 348 290 318 Total liabilities and equity $ 4,442 $ 4,002 $ 3,518 $ 2,600 $ 2,494 $ 2,232 $ 1,800 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?

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

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