What do the data in case Exhibit 1 reveal about lululemons financial and operating performance? Use the data in case Exhibit 1 to support your answer. Use the key financial ratios on pp. 231-232 of the text to help you diagnose Lululemons financial performance. In addition to the financial ratios, you will also need to calculate compound average growth rates (CAGR) for certain financial measures. The formula for calculating CAGR (in percentage terms) is as follows: CAGR % = [ending value beginning value] 1/n 1 100 (where n = the number of year-to-year or period-to-period changes) Select true or false for each of the following statements concerning the data in case Exhibit 1. Gross profit margins declined each year from FY 2013 to FY 2015 (declining from 52.8% to 48.4% in FY 2015). However, in fiscal 2016, gross profit margins increased to 51.2%. (Click to select) Average sales per company-owned stores open at least one year have increased every year since FY 2013 and so have sales per gross square foot. (Click to select) Average sales per company-owned stores open at least one year have declined every year since FY 2012, as have sales per gross square foot; however, the number of company-owned stores had also increased to a five-year high. (Click to select) Lululemons four-year Net Profit grew at a CAGR of 2.8%. (Click to select) Following the falloff in sales at lululemons stores, the company still has much work to do to be able to compete with such brands like Nike, Adidas-Reebok, and Under Armour. (Click to select) In 2016, net cash provided by operating activities increased to a five-year high. (Click to select) Free cash flows (Net cash provided by operating activities Capital expenditures) at lululemon continue to decline; there is little cash flow internally. (Click to select) Lululemons 4-year Net Revenue grew at a CAGR of 14.4%. (Click to select)