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3. value 33.34 points E5-18 Analyzing and Evaluating Return on Assets from a Security Analyst s Perspective LO5-4 Papa John's is one of the fastest-growing

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3. value 33.34 points E5-18 Analyzing and Evaluating Return on Assets from a Security Analyst s Perspective LO5-4 Papa John's is one of the fastest-growing pizza delivery and carry-out restaurant chains in the country. Presented here are selected income statement and balance sheet amounts (dollars in thousands). Net sales Net income Average shareholders' equity Average total assets Current Year $ 1,217,882 59,387 212.711 403,162 Prior Year $ 1.125.397 55,425 246,119 394,143 Required: 1. Compute ROA for the current and prior years. (Round your answers to 3 decimal places.) Current Year Prior Year ROA 2. Would security analysts more likely increase or decrease their estimates of share value on the basis of this change? Decrease Increase Hints References eBook & Resources Hint #1 Check my work

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