Net sales, net income, and total assets for Regal Clothing Emporium for a four-year period follow:

Requirements
1. Compute trend percentages for each item for 2009€“2012. Use 2009 as the base year.
2. Compute the return on assets for 2010€“2012, rounding to three decimal places.
3. Regal€™s main competitor had a return on assets of just under 12% for the years 2010 through 2012. How does Regal Clothing Emporium€™s return on assets compare with its maincompetitor?

Transcribed Image Text:

(in thousands) Net Sales Net Income Ending Total Assets 2012 2011 2010 2009 $1,350 S1,200 $1,150 $1,025 82 77 53 49 650 620 550 500