Net sales, net income, and total assets for Armanix Clothing Emporium for a four- year period follow:
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Net sales, net income, and total assets for Armanix Clothing Emporium for a four- year period follow:
Requirements 1. Compute trend percentages for each item for 2007-2010. Use 2007 as the base year.
2. Compute the rate of return on net sales for 2008-2010, rounding to three dec¬ imal places. In this industry, rates of 6% are average, rates above 8% are con¬ sidered good, and rates above 10% are viewed as outstanding.
3. How does Armanix Clothing Emporium’s return on net sales compare with the industry?
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