FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Computing trend analysis and return on common equity
Net sales revenue, net income, and common
Requirements
- Compute trend analyses for each item for 2017-2019. Use 2016 as the base year, and round to the nearest whole percent.
- Compute the
rate of return on common stockholders’ equity for 2017-2019, rounding to three decimal places.
Transcribed Image Text:2019
2018
2017
2016
$ 664,000
44,000
296,000
Net Sales Revenue
$ 766,000
60,000
$ 708,00
38,000
$ 644,000
36,000
326,000
Net Income
Ending Common Stockholders' Equity
368,000
352,000
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