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

Requirement
1. Analyze the company€™s financial summary for the fiscal years 2011€“2015 to decide whether to invest in the common stock of WRS. Include the following sections in your analysis, and fully explain your final decision.
a. Trend analysis for net sales and net income (use 2011 as the base year).
b. Profitability analysis.
c. Evaluate the ability to sell inventory (WRS uses the LIFO method).
d. Evaluate the ability to pay debts.
e. Evaluate thedividends.

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WRS ATHLETIC SUPPLY, INC. Five-Year Financial Summary (Partial; adapted) (Dollar amounts in thousands except per share data) Net sales 2015 2014 2013 2012 2011 2010 $244,524 $217,799 $191,329 S165,013 $137,634 Net sales increase 16% 20% 12% 14% 17% Domestic comparative store sales increase 5% 8% 9% 5% 6% Other income-net 2,001 1,873 1,787 1,615 1,391 150,255 129,664 Cost of sales 108,725 191,838 171,562 Opcrating, selling, and general and administrative expenses 41,236 36,356 31,679 27,408 22,516 Interest: 1,357 803 Interest expense 1,063 1,383 1,045 (138) Interest income (171) (188) (204) (189) 3,338 Income tax expense 4,487 3,897 3,692 2,740 4,430 Net income 8,039 6,671 6,295 5,377 Per share of common stock: Net income 1.81 1.49 1.41 1.21 0.99 Dividends Financial Position 0.30 0.28 0.24 0.20 0.16 $ 30,483 $ 27,878 $ 26,555 S 24,356 $ 21,132 Current assets, excluding inventory Inventorics at LIFO cost 17,076 25,973 $16,497 24,891 22,614 21,442 19,793 Property, plant, and cquipment, net 51,904 45,750 40,934 35,969 Total assets 83,527 94,685 78,130 70,349 49,996 Current liabilities 27,282 16,762 12,122 32,617 28,949 25,803 Long-term debt 17,838 22,731 21,143 18,712 Sharcholders' equity 25,834 21,112 39,337 35,102 31,343 Financial Ratios 0.9 Acid-test ratio 0.9 1.0 0.9 1.3 Rate of return on total asscts 10.2% 9.6% 9.9% 10.3% 10.7% Rate of return on sharcholders' equity 22.9% 21.6% 20.1% 22.0% 22.4%