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

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?

Transcribed Image Text:

2013 2012 2011 2010 2009 (Amounts in thousands) Net sales Net income Total assets $912 92 610 5662 65 522 $714 82 $616 68 462 5604 58 112