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After graduating from college in December 2014, Elizabeth Arce started her career at the W&T Corporation, a small- to medium-sized wa in 2000, after they have worked together in management at Wal-Mart. Although Arce had an offer from Sam's Club, she became excited about the opportunity with W&T. Winston and Tabor, as CEO and VP-arketing, respectively, assured her that she would be given every opportunity to take a leadership role in the business as quickly as she was prepared for the role. rehouse distributor in Nashville, Tennessee. The company was founded by David Winston and Colin Tabor In addition to receiving a competitive salary, Arce will immediately be entitled to a bonus based on how well the company does financially. The bonus is determined by the amount of Economic Value Added (EVA) that is generated in a year. To begin, she will receive one percent of the firm's EVA each year, to be paid half in stock and half in cash. In any year that EVA is negative, she wll not receive a bonus. Also, the firm's stock is traded publicty on the NYSE, a stock exchange for small-cap companies The year of 2014 tuned cut to be a good year financially for the business. But in the ensuing year, 2015, the company experienced a 5.0-percent sales reduction, where sales declined from $5.9 million to $5.6 million. The downturn then led to ding a 50 percent reduction in the company's stock price. The share price went from S34 per share at the end of 2014 to S17 per share at the conclusion of 201 Financial information for W&T for both years is shown in the popup window, EEB. where all the numbers, except for per share data, are shown in S thousands a. Using what you have learned in this chapter and Chapter 3, prepare a financial analysis of W&T, comparing the firm's financial performance between the two years. In addition to the financial information provided, the company's chief financial

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