Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In its annual report, WOR Athletic Supply, Inc. includes the following five-year financial summary (Click the icon to view the financial summary.) Read the requirements.

image text in transcribed
image text in transcribed
In its annual report, WOR 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 nearest whole percent.) 2018 2017 2016 2015 2014 Net sales Net income 3 of 3 (1 complete) Financial Summary WOR Athletic Supply, Inc. Five-Year Financial Summary (Partial; adapted Dollar amounts in thousands except per share data) 2018 2017 2016 2015 2014 2013 Net Sales Revenue Net Sales Revenue Increase Domestic Comparative Store Sales Increase Other Income-Net Cost of Goods Sold Seling and Administrative Expenses $ 310,000 $221,000 $ 195,000$162,000$ 137,000 17% 9% 2,000 1,830 1,770 1,700 1,360 234,980 168,181 151,515 126,846 108,367 41.260 36,310 31.630 27410 22,516 40% 13% 20% 18% 636 6% 4% 8% 1,020) (1,370) (1,310) (1.030) (890) Interest Expense Interest Income 140 160 195 220 180 4,480 3,880 3,600 3,400 2,710 Income Tax Expense Net Income Per Share of Common Stock 30,400 13,2498,910 5,2344.057 Net Income 1.50 1.20 1.100.90 0.68 029 0.25 0.21 0.35 0.33 Dividends Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions