Net sales, net income, and common shareholders' equity for Naturah Products Ltd. for a six-year period follow:
Question:
Net sales, net income, and common shareholders' equity for Naturah Products Ltd. for a six-year period follow:
Required
1. Compute trend percentages for 2013 through 2017, using 2012 as the base year. Round to the nearest whole percentage.
2. Compute the rate of return on common shareholders' equity for 2013 through 2017, rounding to three decimal places. In this industry, rates of 12 percent are average, rates above 15 percent are considered good, and rates above 20 percent are viewed as outstanding.
3. How does Naturah Products Ltd.'s return on common shareholders' equity compare with the industry's?
Step by Step Answer:
Horngrens Accounting
ISBN: 978-0133855388
10th Canadian edition Volume 2
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood