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Selected comparative financial statements of Haroun Company follow. ($ thousands) Sales HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 2021 2020 2019
Selected comparative financial statements of Haroun Company follow. ($ thousands) Sales HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 2021 2020 2019 2018 2017 2016 $ 1,694 $ 1,496 $ 1,370 $ 1,264 $ 1,186 $ 1,110 Cost of goods sold 1,246 1,032 902 802 752 710 Gross profit 448 464 468 462 434 400 Operating 330 256 234 170 146 expenses 144 Net income $ 118 $ 208 $ 234 $ 292 $ 288 $ 256 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 ($ 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 2021 2020 2019 2018 2017 $ 58 $ 78 $ 82 $ 84 $ 8 490 1,838 36 514 1,364 32 0 466 1,204 360 1,032 31 93 14 34 0 146 14 2,020 2,014 1,752 944 97 3,518 $ 2,600 $ 2,49 $ 1,220 $ 1,042 $ 718 $ 614 $ 54 1,140 1,112 570 58 1,000 1,000 850 85 250 250 250 170 17 678 570 438 396 34 $ 4,442 $ 4,002 $ 1,294 1,000 $ 4,442 $ 4,002 $ 3,518 $ 2,600 $ 2,49 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
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