Question: PF:1729A Completing a comprehensive financial statement analysis In its annual report, ABC Athletic Supply, Inc. includes the following veyear nancial summary: ABC ATHLETIC SUPPLY, INC.

PF:1729A Completing a comprehensive financial
PF:1729A Completing a comprehensive financial statement analysis In its annual report, ABC Athletic Supply, Inc. includes the following veyear nancial summary: ABC ATHLETIC SUPPLY, INC. Five-Year Financial Summary (Partial; adapted) (Dollar amounts in thousands except per share data) 2024 2023 2022 2021 2020 2019 Net Sales Revenue $ 250,000 $215,000 $ 191,000 $ 151,000 $ 134,000 Net Sales Revenue Increase 16% 13% 19% 20% 17% Domestic Comparative Store Sales Increase 5% 5% 4% 7% 9% Other IncomeNet 2,110 1,840 1,760 1,590 1,330 Cost of Goods Sold 189,250 164,592 148,215 126,385 106,396 Selling and Administrative Expenses 41,210 36,330 31,520 27,440 22,540 Interest: Interest Expense (1,080} (1,380) (1,400) (1,020) (830) Interest Income 125 165 155 235 190 Income Tax Expense 4,470 3,900 3,700 3,320 2,700 Net Income 16,225 11,803 7,979 4,760 3,054 Per Share of Common Stock: Net Income 1.60 1.30 1.20 1.00 0.78 Dividends 0.40 0.38 0.34 0.30 0.26 Financial Position Current Assets, Excluding Merchandise Inventory $ 30,700 $ 27,200 $ 26,700 $ 24,400 $ 21,500 Merchandise Inventory 24,500 22,600 21,700 19,000 17,500 $ 16,700 Property, Plant, and Equipment, Net 51,400 45,200 40,000 35,100 25,600 Total Assets 105,600 95,000 88,400 78,500 64,600 Current Liabilities 32,300 28,000 28,300 25,000 16,500 Long-term Debt 23,000 21,500 17,500 19,100 12,000 Stockholders' Equity 51,300 45,500 42,500 34,400 36,100 Financial Ratios Acid-Test Ratio 1.0 1.0 0.9 1.0 1.3 Rate of Return on Total Assets 17.2% 14.4% 11.2% 8.1% 7.1% Rate of Return on Common Stockholders\" Equity 33.5% 26.8% 20.8% 13.5% 13.0%

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