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!!!! PLEASE ANSWER ALL PARTS !!!!! In its annual report, WRN Athletic Supply, Inc. includes the following five-year financial summary: (Click the icon to view

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In its annual report, WRN Athletic Supply, Inc. includes the following five-year financial summary: (Click the icon to view the financial summary.) Read the requirements. Analyze the company's financial summary for the fiscal years 2014-2018 to decide whether to invest in the common stock of WRN. Include the following sections in your analysis. 1. Trend analysis for net sales revenue and net income (use 2014 as the base year). 2. Profitability analysis. 3. Evaluation of the ability to sell merchandise inventory. 4. Evaluation of the ability to pay debts. 5. Evaluation of dividends. 6. Should you invest in the common stock of WRN Athletic Supply, Inc.? Fully explain your final decision. 2013 WRN Athletic Supply, Inc. Five-Year Financial Summary (Partial; adapted) (Dollar amounts in thousands except per share data) 2018 2017 2016 2015 Net Sales Revenue $ 295,000 $ 219,000 $ 195,000 $ 165,000 $ Net Sales Revenue Increase 35% 12% 18% 21% Domestic Comparative Store Sales Increase 6% 6% 5% 8% Other Income-Net 2,100 1,890 1,740 1,710 Cost of Goods Sold 223,905 167,535 150,735 129,195 Selling and Administrative Expenses 41,270 36,340 31,630 27.410 2014 136,000 17% 10% 1,320 107,712 22,590 (810) Interest: Interest Expense Interest Income Income Tax Expense (1,000) 140 (1,330) 140 3,880 11,945 (1,380) 170 3,610 9,555 (990) 225 3,390 5,950 4,450 26,615 160 2,710 3,658 Net Income Per Share of Common Stock: Net Income Dividends 1.80 0.40 1.50 0.38 1.40 0.34 1.20 0.30 0.98 0.26 Financial Position Current Assets, Excluding Merchandise Inventory Merchandise Inventory 31,000 $ 24,200 27,500 $ 23,000 26,200 $ 21,500 25,000 $ 19,400 21,800 17,300 $ 16,500 0.40 0.38 0.34 0.30 0.26 Dividends Financial Position Current Assets, Excluding Merchandise Inventory Merchandise Inventory Property, Plant, and Equipment, Net Total Assets 31,000 $ 24,200 51,500 106,700 33,000 22,800 50,900 27,500 $ 23,000 45,100 95,600 27,100 21,400 47,100 26,200 $ 21,500 4 0,100 87,800 29,100 17,400 4 1,300 25,000 $ 19,400 35,800 80,200 25,800 18,100 36,300 21,800 17,300 $ 25,400 64,500 16,700 12,700 35,100 Current Liabilities Long-term Debt Stockholders' Equity Financial Ratios R Acid-Test Ratio Rate of Return on Total Assets Rate of Return on Stockholders' Equity 27.3% 54.3% 1.0 14.5% 27.0% 0.9 13.0% 24.6% 1.0 9.6% 16.7% 1.3 8.6% 16.2%

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