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Selected comparative financial statements of Haroun Company follow. Is thousands) Sales Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Comparative Income

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Selected comparative financial statements of Haroun Company follow. Is thousands) Sales Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 2021 2020 2019 2018 2017 $ 1,536 $ 1,345 $ 1,224 $ 1,122 $ 1,047 1,104 898 7.72 676 628 432 447 452 446 419 329 258 236 174 151 $ 103 $ 189 $ 216 $ 272 $ 268 2016 $ 974 587 387 149 $ 238 2015 $ 798 468 330 124 $ 206 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 2021 2020 2019 2018 2017. 2016 2015 $ 182 378 $ 122 880 3,183 82 0 3,894 $ 8,161 $ 162 924 2,317 74 0 3,879 $ 7,356 $ 168 836 2,024 45 0 3,395 $ 6,468 $ 172 641 1,706 81 251 1.914 $ 4, 765 ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 178 565 1,532 69 251 1,979 $ 4,574 $ 176 535 1.301 70 251 1,759 $ 4,092 944 36 251 1,509 $ 3,300 2.051 2,192 1,485 $ 1,725 1,910 1,485 371 1,865 $ 7,356 $ 1,131 1,958 1,485 372 1.623 $ 6,468 $ 941 863 1,320 330 2.31) $ 4,765 $ 817 881 1,320 330 1.226 $ 4.574 $ 772 954 1.155 289 922 $ 4.092 $ 498 716 1.195 289 642 $ 3.300 371 2,062 $ 8,161 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? ( Did Inventory increase over this perlod? Complete this question by entering your answers in the tabs below. Required 1 Required 1 Comp IS Comp BS Required 2 Complete the below table to calculate the trend percents for all components of comparative income statements using 2015 as the base ymar (toun percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2021-2015 2020 2019 2018 % 2017 2016 2021 2015 1000 94 % % Sales Cost of goods sold Gross profil Operating expenses Net Income 100.0 1000 1000 1000 Raid 1 Cor >

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