($ thousands) Sales Cost of goods sold Gross profit Operating expenses Net income ($ thousands) Assets...

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($ thousands) Sales Cost of goods sold Gross profit Operating expenses Net income ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 2021 $ 1,998 1,436 2019 $ 1,592 1,005 587 307 $ 280 562 428 $ 134 Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 2020 $ 1,750 1,168 582 335 $ 247 2021 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 2020 2019 $ 100 720 2,604 67 0 3,186 $ 6,677 1,680 1,794 1,215 304 1,684 $ 6,677 2018 $ 1,459 879 580 226 $ 354 $ 132 756 1,896 60 0 3,174 $ 6,018 2017 $ 1,362 817 545 196 $ 349 $ 138 684 1,656 37 0 2,777 $ 5,292 2018 $ 140 525 1,396 66 205 1,567 $ 3,899 $771 706 $ 1,413 $ 927 1,563 1,521 1,215 1,215 1,080 304 304 270 1,523 1,325 1,072 $ 6,018 $ 5,292 $ 3,899 2016 $ 1,266 764 502 194 $ 308 2017 $ 146 462 1,254 56 205 1,619 $ 3,742 $ 669 721 2015 $ 1,038 609 429 161 $268 2016 $ 144 438 1,065 57 205 1,439 $ 3,348 $ 633 781 945 236 753 2015 $ 149 309 772 30 205 1,235 $ 2,700 $ 408 586 1,080 270 1,002 $ 3,742 $ 3,348 $ 2,700 945 236 525 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? (c) Did inventory increase over this period? Required 1 Comp IS Required 1 Comp BS Complete the below table to calculate the trend percents for all components of comparative income statements using 2015 as the base year. (Round your percentage answers to 1 decimal place.) Sales Cost of goods sold Gross profit Operating expenses Net income 2021 Required 2 192.4 235.9 130.9 265.7 % 50.0 % 2020 168.6 191.8 135.7 208.0 Income Statement Trends For Years Ended December 31, 2021-2015 2019 % 92.7 X % HAROUN COMPANY < 153.3 165.0 136.8 190.6 104.6 % Required 1 Comp IS 2018 140.5 144.4 135.1 140.3 % % 2017 131.2 134.2 127.0 % 130.1 % Required 1 Comp BS > 2016 122.0 125.5 117.1 % % 2015 100.0 100.0 100.0 100.0 100.0 % % ($ thousands) Sales Cost of goods sold Gross profit Operating expenses Net income ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 2021 $ 1,998 1,436 2019 $ 1,592 1,005 587 307 $ 280 562 428 $ 134 Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 2020 $ 1,750 1,168 582 335 $ 247 2021 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 2020 2019 $ 100 720 2,604 67 0 3,186 $ 6,677 1,680 1,794 1,215 304 1,684 $ 6,677 2018 $ 1,459 879 580 226 $ 354 $ 132 756 1,896 60 0 3,174 $ 6,018 2017 $ 1,362 817 545 196 $ 349 $ 138 684 1,656 37 0 2,777 $ 5,292 2018 $ 140 525 1,396 66 205 1,567 $ 3,899 $771 706 $ 1,413 $ 927 1,563 1,521 1,215 1,215 1,080 304 304 270 1,523 1,325 1,072 $ 6,018 $ 5,292 $ 3,899 2016 $ 1,266 764 502 194 $ 308 2017 $ 146 462 1,254 56 205 1,619 $ 3,742 $ 669 721 2015 $ 1,038 609 429 161 $268 2016 $ 144 438 1,065 57 205 1,439 $ 3,348 $ 633 781 945 236 753 2015 $ 149 309 772 30 205 1,235 $ 2,700 $ 408 586 1,080 270 1,002 $ 3,742 $ 3,348 $ 2,700 945 236 525 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? (c) Did inventory increase over this period? ($ thousands) Sales Cost of goods sold Gross profit Operating expenses Net income ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 2021 $ 1,998 1,436 2019 $ 1,592 1,005 587 307 $ 280 562 428 $ 134 Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 2020 $ 1,750 1,168 582 335 $ 247 2021 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 2020 2019 $ 100 720 2,604 67 0 3,186 $ 6,677 1,680 1,794 1,215 304 1,684 $ 6,677 2018 $ 1,459 879 580 226 $ 354 $ 132 756 1,896 60 0 3,174 $ 6,018 2017 $ 1,362 817 545 196 $ 349 $ 138 684 1,656 37 0 2,777 $ 5,292 2018 $ 140 525 1,396 66 205 1,567 $ 3,899 $771 706 $ 1,413 $ 927 1,563 1,521 1,215 1,215 1,080 304 304 270 1,523 1,325 1,072 $ 6,018 $ 5,292 $ 3,899 2016 $ 1,266 764 502 194 $ 308 2017 $ 146 462 1,254 56 205 1,619 $ 3,742 $ 669 721 2015 $ 1,038 609 429 161 $268 2016 $ 144 438 1,065 57 205 1,439 $ 3,348 $ 633 781 945 236 753 2015 $ 149 309 772 30 205 1,235 $ 2,700 $ 408 586 1,080 270 1,002 $ 3,742 $ 3,348 $ 2,700 945 236 525 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? (c) Did inventory increase over this period? Required 1 Comp IS Required 1 Comp BS Complete the below table to calculate the trend percents for all components of comparative income statements using 2015 as the base year. (Round your percentage answers to 1 decimal place.) Sales Cost of goods sold Gross profit Operating expenses Net income 2021 Required 2 192.4 235.9 130.9 265.7 % 50.0 % 2020 168.6 191.8 135.7 208.0 Income Statement Trends For Years Ended December 31, 2021-2015 2019 % 92.7 X % HAROUN COMPANY < 153.3 165.0 136.8 190.6 104.6 % Required 1 Comp IS 2018 140.5 144.4 135.1 140.3 % % 2017 131.2 134.2 127.0 % 130.1 % Required 1 Comp BS > 2016 122.0 125.5 117.1 % % 2015 100.0 100.0 100.0 100.0 100.0 % % Required 1 Comp IS Required 1 Comp BS Complete the below table to calculate the trend percents for all components of comparative income statements using 2015 as the base year. (Round your percentage answers to 1 decimal place.) Sales Cost of goods sold Gross profit Operating expenses Net income 2021 Required 2 192.4 235.9 130.9 265.7 % 50.0 % 2020 168.6 191.8 135.7 208.0 Income Statement Trends For Years Ended December 31, 2021-2015 2019 % 92.7 X % HAROUN COMPANY < 153.3 165.0 136.8 190.6 104.6 % Required 1 Comp IS 2018 140.5 144.4 135.1 140.3 % % 2017 131.2 134.2 127.0 % 130.1 % Required 1 Comp BS > 2016 122.0 125.5 117.1 % % 2015 100.0 100.0 100.0 100.0 100.0 % %

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