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B. Analyzing Financial Statements (Total marks: 30) Net Sales, net income, and total asset for JRiz Publishing Co. for a five-year period are as follows:

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B. Analyzing Financial Statements (Total marks: 30) Net Sales, net income, and total asset for JRiz Publishing Co. for a five-year period are as follows: (In thousands) 2020 2016 2019 2018 2017 $345 $329 Net Sales $700 $618 $359 Net Income 58 44 37 57 41 262 253 Total Assets 300 223 201 Requirements: 1. Compute and present trend percentages for each item for 2017 through 2020, using 2016 as the base year and round to the nearest percent. 2. Compute and present the return on net sales for 2018 through 2020 rounding to three decimal places. Explain what this means. 3. 4. Compute and present asset turnover for 2018 through 2020. Explain what this means. Compute and present the return on average total assets (ROA) for 2018 through 2020. 5. How does JRiz Publishing return on net sales compare with previous years? How does it compare with that of the industry? Note that in the publishing industry, rates above 5% are considered good, and rates above 8% are outstanding

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