Selected comparative financial statements of Haroun Company follow.

Required
1. Compute trend percents for all components of both statements using 2015 as the base year. Round percents to one decimal.

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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$ thousands Sales ....... Cost of goods sold .... Gross profit... Operating expenses... Net income........... HAROUN COMPANY Comparative Income Statements For Years Ended December 31 2020 2019 2018 2021 $1,694 $1,496 1,246 1,032 448 464 330 256 $ 118 $ 208 2017 2016 2015 $1,370 $1,264 $1,186 $1,110 $928 902 802 752 710 586 468 462 434 400 342 234 170 146 144 118 $ 234 $ 292 $288 $ 256 $224