es Jolie Foster Care Homes Incorporated shows the following data: Total Assets $ 2,010,000 2,550,000 2,480,000 2,680,000 Year 20X1 20X2 20X3 20X4 Net Income $ 125,000 193,000 201,000 236,000 Year 20X1 20X2 20X3 20X4 a-1. Compute the ratio of net income to total assets for each year. Note: Input your answers as a percent rounded to 2 decimal places. Return on Assets % Stockholders' Equity $ 785,000 1,306,000 1,470,000 1,910,000 % % a-2. What is the trend in the net income to total assets ratio? Total Debt $ 1,225,000 1,244,000 1,010,000 770,000

es Jolie Foster Care Homes Incorporated shows the following data: Total Assets $ 2,010,000 2,550,000 2,480,000 2,680,000 Year 20X1 20X2 20X3 20X4 Net Income $ 125,000 193,000 201,000 236,000 Year 20X1 20X2 20X3 20X4 a-1. Compute the ratio of net income to total assets for each year. Note: Input your answers as a percent rounded to 2 decimal places. Return on Assets % Stockholders' Equity $ 785,000 1,306,000 1,470,000 1,910,000 % % a-2. What is the trend in the net income to total assets ratio? Total Debt $ 1,225,000 1,244,000 1,010,000 770,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 4PA: Jefferson Memorial Hospital is an investment center as a division of Hospitals United. During the...

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