Selected comparative financial statements of Haroun Company follow.

Required
1. Compute trend percents for all components of both statements using 2008 as the base year. (Round percents to one decimal.)
Analysis Component
2. Analyze and comment on the financial statements and trend percents from part1.

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HAROUN COMPANY Comparative Income Statements r Years Ended December 31,2014-2008 ($ thousands) 2014 2013 2012 20 2010 2009 2008 $1694 586 448 464 468462 434 40 342 330 256 23470 146 144 18 $ 118 208 $ 234 $ 292 288256 224 Cost of goods sold..1246 1032 902802 752 710 Operating expenses. Net income HAROUN COMPANY Comparative Balance Sheets December 31,2014-2008 2014 2013 2012202010 2009 2008 ($ thousands) Assets Cash . . . . 58 78 $82 $84 $88 Accounts receivable, net .. Merchandise inventory. 89 490 514 466 360 318 302 216 1,838 1364 .204 .032 936 810 615 86 36 32 14 34 28 28 Long-term investments Plant assets, net .. Total assets... 0 146 46 146 146 2,020 2.01 752 944 978 860725 $4,442 $4.002 $3,518 $2,600 2.494 2,232 $1.800 Liabilities and Equity Current liabilitiesNA Long-term liabilities. .. .294 40 2 570 580 620 400 Common stock .. Other paid-in capital. Retained earnings Total liabilities and equity … $4,442 $1,220 $1,042 $718 614 546 522 282 000 1,000 000 8 850 650 650 250 250 250 70 750 50 39348 290 318 678 570 438 $4.002 $3,518 $2.600 $2.494 $2,232 $1.800