In its annual report, WAM Athletic Supply, Inc. includes the following five-year financial summary: (Click the icon to view the financial summary:) Read the requirements. Requirement 1. Compute the trend analysis for net sales and net income (use 2014 as the base year). (Round to the ne 2018 2017 2016 2015 2014 % % Net sales Net income % % % % % % % Financial Summary 2013 5% WAM Athletic Supply, Inc. Five-Year Financial Summary (Partial; adapted) (Dollar amounts in thousands except per share data) 2018 2017 2016 2015 2014 Net Sales Revenue $ 310,000 $ 222,000 $ 197,000 $ 163,000 $ 136,000 Net Sales Revenue Increase 40% 13% 21% 20% 17% Domestic Comparative Store Sales Increase 4% 6% 7% 9% Other Income-Net 2,090 1,850 1.710 1,630 1,340 Cost of Goods Sold 234,980 169,386 152,281 127,303 107,848 Selling and Administrative Expenses 41.240 36.356 31,660 27.408 22,580 Interest: Interest Expense (1.000) (1,370) (1,390) (1,090) (840) Interest Income 120 175 180 200 145 Income Tax Expense 4.480 3,860 3,660 3.360 2,730 Net Income 30,510 13,053 9,899 5,669 3,487 Per Share of Common Stock: Net Income 1.70 1.40 1.30 1.10 0.88 Dividends 0.45 0.43 0.39 0.35 0.31 Financial Position Current Assets, Excluding Merchandise Inventory S 30,200 $ 28,000 $ 27,100 $ 24,700 $ 21.700 Print Done Clear All Check Ans 3,860 3,360 2.730 4,480 30,510 3,660 9,899 13,053 5,669 3,487 1.70 1.40 1.30 1.10 0.88 0.31 0.45 0.43 0.39 0.35 S 16.000 Income Tax Expense Not Incomo Per Share of Common Stock: Net Income Dividends Financial Position Current Assets, Excluding Merchandise Inventory Merchandise Inventory Property. Plant, and Equipment, Net Total Assets Current Liabilities Long-term Debt Stockholders' Equity Financial Ratios Acid-Test Ratio Rate of Return on Total Assets Rate of Return on Stockholders' Equity 30,200 $ 28,000 $ 24,200 22,300 51,700 45,500 106,100 95,800 32,700 27.300 22,500 20,800 50.900 47,700 27,100 $ 24,700 $ 21.400 19,100 40.800 36,700 89,300 80,500 29.000 25,700 16.800 18,400 43,500 36,400 21,700 18,100 $ 25,702 65,500 16,600 12,300 36,600 0.9 1.0 0.9 1.0 1.3 15.6% 9.3% 8.3% 31.2% 61.9% 13.3% 24.8% 28.6% 15,5% 15.0% Print Done Clear All Ches