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

Required
1. Compute trend percentages for 2013 through 2017. Use 2012 as the base year. Round to the nearest whole percentage.
2. Compute the return on net sales for 2013 through 2017, 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:

2017 2016 2015 2014 2013 2012 (Amounts in thousands) Net sales Net income Total assets $804 112 654 $912 92 610 $662 65 522 $714 82 470 $616 68 462 $604 58 410