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: EB (Click the icon to view the financial summary.) Read the

image text in transcribedimage text in transcribed

In its annual report, WOR Athletic Supply, Inc. includes the following five-year financial summary: EB (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 sing the browser s print will lead to an undesirable print-out Use the Printitem trom the Question Help menu to get a better print-out WOR Athletic Supply, Inc Five-Year Financial Summary (Partial; adapted) (Dollar amounts in thousands except per share data) Net Sales Revenue Net Sales Revenue Increase Domestic Comparative Store Sales Increase Other Income-Net Cost of Goods Sold Selling and Administrative Expenses Interest: 2017 2014 2018 2016 2015 2013 $ 290,000 $ 215,000 $ 195,000 $ 168,000 $ 135,000 35% 10% 16% 17% 1,620 1,350 218,660 164,045 151,515 132,048 106,920 22,570 2,080 1,720 41,240 36,380 31,660 27,410 (880) 130 2,720 3,390 Interest Expense (1,060)1,310) (1,340) (1,040) 180 3,380 5,922 185 3,600 8,790 Interest Income 155 3,810 26,750 11,460 4,460 Income Tax Expense Net Income Per Share of Common Stock: Net Income 1.20 0.90 0.80 0.60 0.38 0.29 Dividends 0.35 0.33 0.25 0.21 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 $ 30,000 $ 27,500 $ 26,300 $ 24,800 $ 22,000 25,100 22,100 22,000 19,900 8,100 $ 16,600 40,600 35,200 88,900 79,900 28,70025,400 17,400 18,200 42,800 36,300 51,800 45,100 106,900 94,700 32,000 27,300 23,100 21,800 51,800 45,600 25.200 65,300 16,100 12,900 36,300 27.6% 13.9% 12.0% 54.9% 25.9% 22.2% 16.3% 15.8%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Current Issues In Auditing

Authors: Michael J Sherer, W Stuart Turley

3rd Edition

1853963658, 978-1853963650

More Books

Students also viewed these Accounting questions

Question

Prepare and properly label figures and tables for written reports.

Answered: 1 week ago