Question
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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