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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 $ 1,844 $ 1,615 $ 1,470 $ 1,347 $ 1,257 $ 1,169 $ 958
Cost of goods sold 1,325 1,078 927 812 754 705 562
Gross profit 519 537 543 535 503 464 396
Operating expenses 393 308 282 208 180 178 148
Net income $ 126 $ 229 $ 261 $ 327 $ 323 $ 286 $ 248

HAROUN COMPANY
Comparative Balance Sheets
December 31, 20192013
($ thousands) 2019 2018 2017 2016 2015 2014 2013
Assets
Cash $ 104 $ 137 $ 143 $ 146 $ 151 $ 149 $ 154
Accounts receivable, net 746 784 710 544 479 454 320
Merchandise inventory 2,700 1,966 1,718 1,447 1,300 1,104 801
Other current assets 69 62 38 69 58 59 31
Long-term investments 0 0 0 213 213 213 213
Plant assets, net 3,305 3,292 2,879 1,624 1,680 1,493 1,281
Total assets $ 6,924 $ 6,241 $ 5,488 $ 4,043 $ 3,881 $ 3,472 $ 2,800
Liabilities and Equity
Current liabilities $ 1,742 $ 1,465 $ 961 $ 799 $ 694 $ 656 $ 423
Long-term liabilities 1,862 1,622 1,578 733 748 810 608
Common stock 1,260 1,260 1,260 1,120 1,120 980 980
Other paid-in capital 315 315 315 280 280 245 245
Retained earnings 1,745 1,579 1,374 1,111 1,039 781 544
Total liabilities and equity $ 6,924 $ 6,241 $ 5,488 $ 4,043 $ 3,881 $ 3,472 $ 2,800

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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