HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 20212015 ($ thousands) 2021 2020 2019 2018 2017 2016 2015 Assets Cash $ 152 $ 201 $ 209 $ 213 $ 222 $ 219 $ 226 Accounts receivable, net 1,093 1,148 1,039 797 702 665 469 Merchandise inventory 3,954 2,879 2,515 2,119 1,904 1,617 1,173 Other current assets 101 91 56 101 85 86 45 Long- term investments 0 0 0 312 312 312 312 Plant assets, net 4,839 4,820 4,217 2,378 2,458 2,185 1,875 Total assets $ 10,139 $ 9,139 $ 8,036 $ 5,920 $ 5,683 $ 5,084 $ 4,100 Liabilities and Equity Current liabilities 2,549 $ 2,144 $ 1,406 $ 1,170 $ 1,015 $ 960 $ 619 Long-term liabilities 2,725 2,374 2,310 1,072 1,096 1,186 890 Common stock 1,845 1,845 1,845 1,640 1,640 1,435 1,435 Other paid-in capital 461 461 461 410 410 359 359 Retained earnings 2,559 2,315 2,014 1,628 1,522 1,144 797 Total liabilities and equity $ 10,139 $ 9,139 $ 8,036 $ 5,920 $ 5,683 $ 5,084 $ 4,100 Required: Complete the below table to calculate the trend percents for all components of both statements using 2015 as the base year. 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?.

1. HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 20212015 ($
thousands) 2021 2020 2019 2018 2017 2016 2015 Assets Cash $ 152 $ 201 $ 209 $ 213 $ 222 $
219 $ 226 Accounts receivable, net 1,093 1,148 1,039 797 702 665 469 Merchandise inventory
3,954 2,879 2,515 2,119 1,904 1,617 1,173 Other current assets 101 91 56 101 85 86 45 Long-
term investments 0 0 0 312 312 312 312 Plant assets, net 4,839 4,820 4,217 2,378 2,458 2,185
1,875 Total assets $ 10,139 $ 9,139 $ 8,036 $ 5,920 $ 5,683 $ 5,084 $ 4,100 Liabilities and
Equity Current liabilities 2,549 $ 2,144 $ 1,406 $ 1,170 $ 1,015 $ 960 $ 619 Long-term liabilities
2,725 2,374 2,310 1,072 1,096 1,186 890 Common stock 1,845 1,845 1,845 1,640 1,640 1,435
1,435 Other paid-in capital 461 461 461 410 410 359 359 Retained earnings 2,559 2,315 2,014
1,628 1,522 1,144 797 Total liabilities and equity $ 10,139 $ 9,139 $ 8,036 $ 5,920 $ 5,683 $
5,084 $ 4,100
Required: Complete the below table to calculate the trend percents for all components of both
statements using 2015 as the base year. 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?