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Selected comparative financial statements of Haroun Company follow. HAROUN COMPANYComparative Income StatementsFor Years Ended December 31, 20212015($ thousands)2021202020192018201720162015Sales$ 2,697$ 2,362$ 2,149$ 1,970$ 1,838$ 1,709$ 1,401Cost

Selected comparative financial statements of Haroun Company follow.

HAROUN COMPANYComparative Income StatementsFor Years Ended December 31, 20212015($ thousands)2021202020192018201720162015Sales$ 2,697$ 2,362$ 2,149$ 1,970$ 1,838$ 1,709$ 1,401Cost of goods sold1,9381,5771,3561,1871,1031,032822Gross profit759785793783735677579Operating expenses576451414305265261217Net income$ 183$ 334$ 379$ 478$ 470$ 416$ 362HAROUN COMPANYComparative Year-End Balance SheetsDecember 31, 20212015($ thousands)2021202020192018201720162015Assets Cash$ 119$ 157$ 163$ 166$ 173$ 171$ 176Accounts receivable, net853896811622548519366Merchandise inventory3,0862,2471,9631,6541,4861,262915Other current assets79714479676735Long-term investments000243243243243Plant assets, net3,7773,7623,2911,8571,9181,7061,465Total assets$ 7,914$ 7,133$ 6,272$ 4,621$ 4,435$ 3,968$ 3,200Liabilities and Equity Current liabilities1,989$ 1,673$ 1,097$ 913$ 792$ 749$ 483Long-term liabilities2,1251,8511,801836854925694Common stock1,4401,4401,4401,2801,2801,1201,120Other paid-in capital360360360320320280280Retained earnings2,0001,8091,5741,2721,189894623Total liabilities and equity$ 7,914$ 7,133$ 6,272$ 4,621$ 4,435$ 3,968$ 3,200

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 transcribed
Complete the below table to calculate the trend percents for all components of comparative income statements using 2015 as the base Note: Round your percentage answers to 1 decimal place. Complete the below table to calculate the trend percents for all components of comparative income statements using 2015 as the base Note: Round your percentage answers to 1 decimal place

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