4 points JAS Clocks Corp. shows the following data: Year Net Income Total assets Shareholders' equity Total debt 2011 $110,000 $1,500,000 $ 750,000 $750,000 2012 125,000 1,900,000 825,000 1,075,000 2013 150,000 2,400,000 900,000 1,500,000 2014 175,000 3,000,000 1,000,000 2.000.000 a. Compute the ratio of net income to total assets for each year and comment on the trend. b. Compute the ratio of net income to shareholders' equity and comment on the trend. Explain why there may be a difference in the trends between parts a and b. t Back Next Never submit passwords through Google Forms. This form was created inside of Pures College. Report Abuse t + :) Review of Financial Accounting 6 points The Quinn Corporation shows the following income statement. The firm uses FIFO inventory accounting. QUINN CORPORATION Income Statement for 2015 Sales $100,000 (10,000 units at $10) Cost of goods sold 50.000 (10,000 units at $5) Gross profit. 50.000 Selling and administrative expense. 5,000 Amortization.. 10,000 Operating profit 35,000 Taxes (349 11.900 Antertax income $ 23,100 a. Assume that the same 10,000 unit volume is maintained in 2016, but the sales price increases by 10 percent. Because of FIFO inventory policy, old inventory will still be charged off at $5 per unit. Also assume that selling and administrative expense will be 5 percent of sales and amortization will be unchanged. The tax rate is 34 percent. Compute aftertax income for 2016. b. In parta, by what percent did aftertax income increase as a result of a 10 percent increase in the sales price? Explain why this impact occurred. t Back Next Never submit passwords through Google Forms. This form was created inside of Pures College. Report docs.google.com C Short Answer / Questions 1 point A): What is meant by the goal of maximization of Shareholder wealth? Why is profit maximization, by itself, an inappropriate goal? Your answer 1 point B): What is the difference berween a primary and a secondary market ? * Your answer Why is trend analysis helpful in analysing ratios? * 1 point Your answer Back Submit k +