Base on the financial statement data in case Exhibit 1, how would you asses the companys financial performance since 2009? Use the financial ratio information in table 4.1 of Chapter 4 (pages 81-83) to assist you in calculating a revealing set of financial ratios and interpreting them.

Select Financial Information, Whole Foods Market, Fiscal Years 20092013 (in millions, except per share amounts)

	Fiscal Year Ending
Exhibit 1	Sept. 29, 2013	Sept. 30, 2012	Sept. 25, 2011	Sept. 26, 2010	Sept. 27, 2009
Income statement data
Sales	$12,917	$11,699	$10,108	$9,006	$8,032
Cost of goods sold and
occupancy costs	8,288	7,543	6,571	5,870	5,277
Gross profit	4,629	4,156	3,537	3,136	2,754
Direct store expenses	3,285	2,983	2,629	2,377	2,146
Store contribution1	1,344	1,173	908	759	608
General and administrative
expenses	397	372	311	272	244
Preopening and relocation
costs	52	47	41	38	49
Relocation, store closure, and
lease termination costs	12	10	8	11	31
Operating income	883	743	548	438	284
Interest expense, net			(4)	(33)	(37)
Investment and other income	11	8	8	7	4
Income before income taxes	894	752	552	412	251
Provision for income taxes	343	286	209	166	104147
Net income	551	466	343	246
Preferred stock dividends				6	28
Net income available to
common shareholders	$ 551	$ 466	$ 343	$ 240	$ 119
Basic earnings per share	$1.48	$1.28	$0.98	$0.72	$0.42
Weighted average shares
outstanding	371.2	364.8	350.5	332.5	280.8
Diluted earnings per share	$1.47	$1.26	$0.97	$0.72	$0.42
Weighted-average shares
outstanding, diluted basis	374.5	368.9	354.6	343.4	280.8
Dividends declared per share	$1.40	$0.28	$0.20
Balance sheet data
Net working capital2	$ 892	$ 1,126	$ 574	$ 414	$ 371
Total assets	5,538	5,294	4,292	3,987	3,783
Long-term debt (including current maturities)	27	24	18	509	739
Shareholders equity	3,878	3,802	2,991	2,373	1,628
Cash flow data
Net cash provided by
operating activities	$ 1,009	$ 920	$ 759	$ 585	$ 588
Development costs of new
locations	(339)	(262)	(203)	(171)	(288)
Other property and equip
ment expenditures	(67)	(85)	(162)	(194)	(198)
Free cash flow	$ 273	$ 328	$ 390	$ 464	$ 472

Note: Whole Foods fiscal year ends the last Sunday in September.

¹ Store contribution is defined as gross profit less direct store expenses.

² Net working capital is defined as total current assets minus total current liabilities.

Source: 2013 10-K report, pp. 20 and 40; and 2011 10-K report, p. 36.

Gross profit margin

Operating profit margin

Net profit margin