Net sales, net income, and total assets for Monica Hearn, Inc., for a six-year period follow:

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1. Compute trend percentages for each item for \(19 \mathrm{X} 2\) through \(19 \mathrm{X} 6\). Use \(19 \mathrm{X} 1\) as the base year.
2. Compute the rate of return on net sales for \(19 \mathrm{X} 2\) through \(19 \mathrm{X} 6\), rounding to three decimal places. In this industry, rates above 5 percent are considered good, and rates above 7 percent are viewed as outstanding.
3. How does Hearn's return on net sales compare with that of the industry?

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19X6 19X5 19X4 19X3 19X2 19X1 (amounts in thousands) Net sales $347 $313 $266 $281 $245 $241 Net income. 27 21 11 18 14 13 Total assets. 296 254 209 197 181 166