please read carefully ..all one question

Selected comparative financial statements of Haroun Company follow. 2018 2013 ($ thousands) Sales Cost of goods sold Gross profit Operating expenses Net income HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 20192013 2019 2017 2016 2015 $1,363 $1,194 $1,086 $ 995 $ 929 981 798 686 601 558 382 396 400 394 371 292 229 210 155 134 $ 90 167 $ 190 $ 239 $ 237 2014 $ 864 $ 708 522 416 342 292 132 110 $ 210 $ 182 $ HAROUN COMPANY Comparative Balance Sheets December 31, 2019-2013 2019 2018 2017 2016 2015 2014 2013 $ 141 1,013 3,665 94 ($ 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 $ 186 $ 194 1,064 963 2,668 2,331 85 52 0 0 4,467 3,908 $ 8,470 $ 7,448 $ 198 739 1,964 93 289 2,204 $ 5,487 $ 205 650 1,764 79 289 2,280 $5,267 $ 203 $ 209 616 435 1,498 1,087 80 42 289 289 2,026 1,738 $ 4,712 $3,800 4,484 $9,397 $ 574 825 $2,364 $1,988 $1,304 2,526 2,200 2,141 1, 710 1,710 1, 710 428 428 428 2,369 2,144 1,865 $9,397 $8,470 $ 7,448 $1,085 994 1,520 380 1,508 $5, 487 $ 941 1,016 1,520 380 1,410 $5,267 $ 890 1,100 1,330 333 1,059 $4,712 1,330 333 738 $3,800 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 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. (Rou percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 20192013 2019 2018 2017 2016 2015 2014 2013 Sales % % % % % % 100.0 % Cost of goods sold 100.0 Gross profit 100.0 Operating expenses 100.0 Net income % % % % % % 100.0 % 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 answers to 1 decimal place.) HAROUN COMPANY Balance Sheet Trends December 31, 20192013 2019 2018 2017 2016 2015 2014 2013 Assets Cash % % % % % 100.0 % 100.0 Accounts receivable, net Merchandise inventory 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 % % % % % % 100.0 % Long-term liabilities 100.0 Common stock 100.0 100.0 Other paid-in capital Retained earnings 100.0 Total liabilities & equity % % % % % % 100.0 % 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) (b) (c) Did sales grow steadily over this period? Did net income as a percent of sales grow over the past four years? Did inventory increase over this period