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In its annual report, WZB Athletic Supply, Inc. includes the following five-year financial summary. Compute the trend analysis for net sales and net income (use

In its annual report, WZB Athletic Supply, Inc. includes the following five-year financial summary.

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

%

%

%

%

%

WZB 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

$245,000

$214,000

$190,000

$162,000

$130,000

Net Sales Revenue Increase

14%

13%

17%

25%

17%

Domestic Comparative Store Sales Increase

6%

7%

5%

7%

10%

Other IncomeNet

2,040

1,860

1,790

1,610

1,370

Cost of Goods Sold

185,710

162,854

147,630

127,008

102,960

Selling and Administrative Expenses

41,280

36,390

31,670

27,450

22,520

Interest:

Interest Expense

(1,010)

(1,320)

(1,370)

(1,100)

(790)

Interest Income

150

150

165

195

135

Income Tax Expense

4,500

3,850

3,660

3,360

2,750

Net Income

14,690

11,596

7,625

4,887

2,485

Per Share of Common Stock:

Net Income

1.40

1.10

1.00

0.80

0.58

Dividends

0.45

0.43

0.39

0.35

0.31

Financial Position

Current Assets, Excluding Merchandise Inventory

$30,600

$27,000

$26,900

$24,300

$21,300

Merchandise Inventory

24,700

22,900

21,300

19,300

17,300

$16,600

Property, Plant, and Equipment, Net

51,000

45,300

40,400

35,900

25,700

Total Assets

106,300

95,200

88,600

79,500

64,300

Current Liabilities

32,100

27,700

28,700

25,500

16,100

Long-term Debt

23,100

21,000

17,800

19,000

12,200

Stockholders' Equity

51,100

46,500

42,100

35,000

36,000

Financial Ratios

Acid-Test Ratio

1.0

1.0

0.9

1.0

1.3

Rate of Return on Total Assets

15.6%

14.1%

10.7%

8.3%

7.3%

Rate of Return on Stockholders' Equity

30.1%

26.2%

19.8%

13.8%

13.3%

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