CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 5 Partially correctMark 7.50 out of 10.00 P Flag question Trend Percentages Net sales, net income, and total asset figures for Vibrant Controls, Inc.,for five consecutive years are given below (Vibrant manufactures pollution controls): Annual Amounts (Thousands of Dollars) Year 1 Year 2 Year 3 Year 4 Year 5 Net sales $71,500 $79,800 $85,275 $88,400 $94,700 Net income 3,200 3,650 3,900 4,250 4,790 Total assets 42,500 46,200 48,700 51,000 54,90 Required a. Calculate trend percentages, using Year 1 as the base year. b. Calculate the return on sales for each year. a. Round answers to one decimal point. Trend Percentages Year 4 Year 5 Year 1 Year 2 Year 3 19.3 123.6 32.4 100 Net sales 132.8 49.7 100 114.1 121.9 Net 114.6 120 129.2 100 108.7 Total assets b. Round answers to 2 decimal points. Year 3 Year 4 Year 5 Year 1 Year 2 8.33 8.72 7.9 8.01 Return on Sales X% Check