Comprehensive Financial Statement Analysis Using Exhibit 12.9 as a guide, compare C C Sports' performance to the industry averages. What particular observations and recommendations do you have for George Douglas, president of C C Sports?Exhibit 12.9Select Common-Size Percentages:2017 2016 2015 2014 2013 2012Cash equivalents 6.6% 11.0% 10.2% 9.6% 7.2% 7.9%Trade receivables, net 21.9% 20.2% 21.4% 25.7% 24.3% 25.0%Inventory 38.7% 36.4% 37.6% 36.7% 41.0% 40.5%Property and equipment 13.9% 12.
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