Net sales revenue, net income, and common stockholders’ equity for Vallen Optical Corporation, a manufacturer of contact lenses, follow for a four-year period.

Requirements:

1. Compute trend percentages for each item for 2020 through 2023. Use 2020 as the base year.
2. Compute the rate of return on common stockholders’ equity for 2021 through 2023.

Transcribed Image Text:

(in thousands) 2023 2022 2021 2020 Net sales revenue Net income $7,437 $7,035 $6,499 $6,700 $ 700 $ 476 $ 420 $ 560 Ending common stockholders' equity $5,525 $3,225 $5,275 $3,125