WRM 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	$265,000	$222,000	$197,000	$162,000	$139,000
	Net Sales Revenue Increase	19%	13%	22%	17%	17%
	Domestic Comparative Store Sales Increase	5%	6%	5%	8%	9%
	Other IncomeNet	2,010	1,870	1,720	1,610	1,320
	Cost of Goods Sold	199,810	169,830	152,478	126,684	110,505
	Selling and Administrative Expenses	41,260	36,360	31,650	27,410	22,516
	Interest:
	Interest Expense	(1,090)	(1,310)	(1,380)	(1,010)	(860)
	Interest Income	90	150	190	220	125
	Income Tax Expense	4,400	3,850	3,680	3,310	2,790
	Net Income	20,540	12,670	9,722	5,416	3,774
	Per Share of Common Stock:
	Net Income	1.90	1.60	1.50	1.30	1.08
	Dividends	0.30	0.28	0.24	0.20	0.16
	Financial Position
	Current Assets, Excluding Merchandise Inventory	$30,600	$27,900	$26,900	$24,000	$21,000
	Merchandise Inventory	24,400	22,700	21,000	19,300	18,000	$16,800
	Property, Plant, and Equipment, Net	51,100	45,500	40,900	36,000	25,500
	Total Assets	106,100	96,100	88,800	79,300	64,500
	Current Liabilities	32,000	27,300	29,000	25,400	16,600
	Long-term Debt	22,500	20,800	17,400	18,900	12,100
	Stockholders' Equity	51,600	48,000	42,400	35,000	35,800
	Financial Ratios
	Acid-Test Ratio	1.0	1.0	0.9	0.9	1.3
	Rate of Return on Total Assets	21.4%	15.1%	13.2%	8.9%	7.9%
	Rate of Return on Stockholders' Equity	41.2%	28.0%	25.1%	15.3%	14.8%

In its annual report, WRM

Athletic Supply, Inc. includes the following five-year financial summary.

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		%		%		%		%		%