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Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 20192013 ($ thousands) 2019 2018 2017 2016

Selected comparative financial statements of Haroun Company follow.

HAROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 20192013
($ thousands) 2019 2018 2017 2016 2015 2014 2013
Sales $ 2,216 $ 1,941 $ 1,766 $ 1,618 $ 1,510 $ 1,404 $ 1,151
Cost of goods sold 1,594 1,297 1,115 976 907 848 676
Gross profit 622 644 651 642 603 556 475
Operating expenses 473 370 339 250 217 214 178
Net income $ 149 $ 274 $ 312 $ 392 $ 386 $ 342 $ 297

HAROUN COMPANY
Comparative Balance Sheets
December 31, 20192013
($ thousands) 2019 2018 2017 2016 2015 2014 2013
Assets
Cash $ 156 $ 206 $ 214 $ 218 $ 227 $ 224 $ 231
Accounts receivable, net 1,120 1,176 1,064 816 719 681 480
Merchandise inventory 4,051 2,949 2,577 2,171 1,950 1,656 1,201
Other current assets 104 94 58 103 87 89 46
Long-term investments 0 0 0 319 319 319 319
Plant assets, net 4,956 4,937 4,319 2,438 2,519 2,239 1,923
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 2,789 2,430 2,364 1,098 1,121 1,214 911
Common stock 1,890 1,890 1,890 1,680 1,680 1,470 1,470
Other paid-in capital 473 473 473 420 420 368 368
Retained earnings 2,624 2,373 2,065 1,669 1,560 1,173 817
Total liabilities and equity $ 10,387 $ 9,362 $ 8,232 $ 6,065 $ 5,821 $ 5,208 $ 4,200

Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2013 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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