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Selected comparative financial statements of Haroun Company follow. ($ thousands) Sales Coat 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. ($ thousands) Sales Coat of goods sold Gross profit Operating expenses Net Income HAROUN COMPANY Comparative Income Statements Por Years Ended December 31, 2021-2015 2021 2020 2019 2018 $ 1,711 $ 1,499 $ 1,364 $ 1,250 1,231 1,001 861 754 480 498 503 496 287 263 194 $ 113 $ 211 $ 240 $ 302 2017 $ 1,166 701 465 168 $ 297 2016 $ 1,085 655 430 166 $ 264 2015 $ 889 522 367 367 138 $ 229 428 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 ($ thousands) 2021 2020 2019 2018 2017 Assets 2016 2015 Cash $ 82 $ 100 $ 112 $ 114 $ 119 $ 117 $ 121 Accounts receivable, net 587 616 558 377 357 252 Merchandise inventory 2,122 1,545 1,350 1.137 1,021 868 629 Other current assets 54 49 30 54 46 46 24 Long-term investments 0 0 0 167 167 167 167 Plant assets, net 2,596 2,586 2,262 1,277 1,319 1,173 1,007 Total assets $ 5,441 $ 4,904 $ 4,312 $ 3,177 $ 3,049 $ 2,728 $ 2,200 Liabilities and Equity Current liabilities 1,367 $ 1,150 $ 754 $ 627 $ 544 $ 515 $ 332 Long-term liabilities 1,461 1,272 575 587 636 477 Common stock 990 990 990 880 880 770 770 Other paid-in capital 248 248 248 220 220 193 193 Retained earnings 1,375 1,244 1,082 875 818 614 428 Total liabilities and equity $ 5,441 $ 4,904 $ 4,312 $ 3,177 $ 3,049 $ 2,728 $ 2,200 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? (4 Did inventory increase over this period? 1,238

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