Question
2. Net sales revenue, net income, and common stockholders equity for Atkinson Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. 2016
2. Net sales revenue, net income, and common stockholders equity for Atkinson Mission Corporation, a manufacturer of contact lenses, follow for a four-year period.
2016 | 2015 | 2014 | 2013 | |
Net Sales Revenue | $759,000 | $707,000 | $638,000 | $664,000 |
Net Income | 57,000 | 41000 | 36000 | 43,000 |
Ending COmmon Stockholders equity | 364,000 | 348,000 | 336,000 | 290,000 |
Requirements: 1. Compute trend analysis for each item for 2014-2016. Use 2013 as the base year, and round to the nearest whole percent.
2. Compute the rate of return on common stockholders equity for 2014-2016, rounding to three decimal places.
Begin by computing Atkinson Mission Corporations trend analysis for net sales revenue, then compute Atkinson Mission Corporations trend analysis for net income and finally compute the trend analysis for common stockholders equity.
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