Selected comparative financial statements of Haroun Company follow. ($ thousands) Sales Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2019-2013 2018 2019 $2,531 $2,217 2017 1,820 1,481 1,274 2016 $2,017 $1,849 $1,725 $1,604 1,115 2015 2014 2013 $1,315 1,036 969 772 711 736 743 734 689 635 543 542 424 389 287 249 245 204 $ 169 $ 312 $ 354 $ 447 $ 440 $ 390 $ 339 ($ 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 HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 $ 78 $ 103 560 2,025 588 1,475 $ 107 $ 109 532 1,288 $ 114 $ 112 $ 116 408 1,085 360 341 240 975 828 601 52 0 2,478 47 0 2,468 29 0 2,160 52 44 44 23 $5,193 $4,681 $4,116 160 1,218 $3,032 160 160 160 1,258 $2,911 1,119 960 $2,604 $2,100 $1,305 1,396 $1,098 $ 720 $ 599 $ 520 1,216 1,183 $ 492 $ 317 549 561 608 456 945 945 945 840 840 735 735 236 236 236 210 210 184 184 1,311 1,186 1,032 834 780 585 408 $5,193 $4,681 $4,116 $3,032 $2,911 $2,604 $2,100 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? 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? Complete this question by entering your answers in the tabs below. Required 1 Comp IS Required 1 Comp BS Required 2 Complete the below table to calculate the trend percents for all components of comparative income statements using 2013 as the base year. (Round your percentage answers to 1 decimal place.) Sales Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 % % % % % % 100.0 % 100.0 100.0 100.0 % % % % % 100.0 % < Required 1 Comp IS Required 1 Comp BS > 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? Complete this question by entering your answers in the tabs below. Required 1 Comp IS Required 1 Comp BS Required 2 Complete the below table to calculate the trend percents for all components of comparative balance sheets using 2013 as the base year. (Round your percentage answers to 1 decimal place.) HAROUN COMPANY Balance Sheet Trends December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 Assets Cash % % % % % % 100.0 % Accounts receivable, net Merchandise inventory 100.0 100.0 Other current assets 100.0 Long-term investments 100.0 Plant assets, net 100.0 Total assets % % % % % % 100.0 % Liabilities and Equity Current liabilities % Long-term liabilities Common stock % % % % 100.0 % 100.0 100.0 Other paid-in capital Retained earnings Total liabilities and equity Required: 236 236 236 210 210 184 184 1,311 1,186 1,032 834 780 585 408 $5,193 $4,681 $4,116 $3,032 $2,911 $2,604 $2,100 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? Complete this question by entering your answers in the tabs below. Required 1 Comp IS Required 1 Comp BS Required 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? (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? < Required 1 Comp BS Required 2 >