Net sales, net income, and total assets for River Holdings Ltd. for a six-year period follow. Required

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Net sales, net income, and total assets for River Holdings Ltd. for a six-year period follow.

Net sales, net income, and total assets for River Holdings

Required
1. Compute trend percentages for 2010 through 2014. Use 2009 as the base year.
2. Compute the return on net sales for 2010 through 2014, rounding to three decimal places.
In this industry, rates above 8 percent are considered good, and rates above 10 percent are viewed as outstanding.
3. How does River Holdings Ltd.'s return on net sales compare to the industry's?

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Accounting

ISBN: 978-0132690089

9th Canadian Edition volume 2

Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood

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