In its annual report, WAM Athletic Supply, Inc. includes the following five-year financial summary click the icon to view the financial summary.) Requirement 1. Analyze the company's financial summary for the fiscal years 2016-2020 to decide whether to invest in the common stock of WAM Include the following sections in your analysis, and fully explain your final decision. a. Trend analysis for net sales and net income (use 2016 as the base year) b. Profitability analysis c. Evaluation of the ability to sell merchandise inventory (WAM uses the LIFO method). d. Evaluation of the ability to pay debts e. Evaluation of dividends. Requirement 1a. Compute the trend analysis for net sales and net income (use 2016 as the base year). (Round to the nearest whole percent) 2017 2020 2019 2018 2016 Net sales Enter any number in the edit fields and then click Check Answer Data Table WAM Athletic Supply, Inc Five-Year Financial Summary (Partial; adapted) 2020 Dollar amounts in thousands except per share data) 2019 2018 2016 2017 2015 Net Sales Net Sales Increase Domestic Comparative Store Sales Increase Other Income-Net Cost of Goods Sold Selling and Administrative Expenses Interest 250,000 S 221,000 S 191,000 S 161,000 $ 135,000 17% 9% 2,040 1,8501,770 1,700 1,340 187,750 168,844 147,643 126,385 107,190 41,250 36,320 31,630 27.420 22,510 19% 13% 16% 1996 6% 7% 8% 4% Interest Expense 1,080) (1.380) (1,310) (1,090) (830) 135 170 4,470 3,900 3,700 3,370 2,750 7,625 12,586 8687 4,6753.230 180 Interest Income 200 240 ncome Tax Expense Net Income Per Share of Common Stock Net Income 1.50 1.20 1.10 0.90 0.68 0.31 Dividends 045 0.43 0.39 0.35 Financial Position Current Assets, Excluding Merchandise Inventory Merchandise Inventory at LIFO Cost Property, Plant, and Equipment, Net Total Assets Current Liabilities Long-term Debt S 30,100 $ 27,300 $ 26,100 $ 24,100 $ 21,000 24,900 23,100 21,200 19,000 17,500S16,700 52,000 45,100 41,000 36,100 25,200 107,00095,500 88,300 79,200 63,700 32,800 27,400 29,100 26,000 17,100 22,200 21,90017,800 18,200 12,800 Print Done Financial Position S 30.100 S 27,300 $ 26,100 S 24,100 S 21,000 Current Assets, Excluding Merchandise Inventory 24,900 23,10021.20019,00017,500 S 16,700 1 22.200 21.900 17 Merchandise Inventory at LIFO Cost 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 52.000 45,100 41,000 36,100 25.200 107,00095,500 88,300 79.200 63,700 32,80027,40029,100 26,000 17,100 .800 18,20012.800 2.00046.200 41.400 35,000 33,800 1.2 71% 131% 0.9 8.1% 136% 0.9 11.9% 227% 18,5% 15.2% 287% 9% Print Done