Compute trend percentages for each item for 2017 through 2020. Use 2016 as the base year, and round to the nearest percent.

Net sales, net income, and total assets for Amble Shipping, Inc. for a five-year period follow: E: (Click the icon to view the data.) Requirements Requirement 1. Compute trend percentages for each item for 2017 through 2020. Use 2016 as the base year, and round to the nearest percent. Amble Shipping, Inc. - Trend Percentages 2020 2019 2018 2017 2016 Net sales % % % % 100% Net income % % % % 100 % Total assets % % % % 100 % - X Requirements 1. Compute trend percentages for each item for 2017 through 2020. Use 2016 as the base year, and round to the nearest percent. 2. Compute the return on net sales for 2018 through 2020, rounding to three decimal places. Explain what this means. 3. Compute asset turnover for 2018 through 2020. Explain what this means. 4. Compute return on average total assets (ROA) for 2018 through 2020. 5. How does Amble Shipping's return on net sales for 2020 compare with previous years? How does it compare with that of the industry? In the shipping industry, rates above 5% are considered good, and rates above 7% are outstanding 6. Evaluate Amble Shipping, Inc.'s ROA for 2020, compared with previous years, and against a 15% benchmark for the industry. Print Done Net sales, net income, and total assets for Amble Shipping, Inc. for a five-year period follow: E: (Click the icon to view the data.) Requirements Requirement 1. Compute trend percentages for each item for 2017 through 2020. Use 2016 as the base year, and round to the nearest percent. Amble Shipping, Inc. - Trend Percentages 2020 2019 2018 2017 2016 Net sales % % % % 100% Net income % % % % 100 % Total assets % % % % 100 % - X Requirements 1. Compute trend percentages for each item for 2017 through 2020. Use 2016 as the base year, and round to the nearest percent. 2. Compute the return on net sales for 2018 through 2020, rounding to three decimal places. Explain what this means. 3. Compute asset turnover for 2018 through 2020. Explain what this means. 4. Compute return on average total assets (ROA) for 2018 through 2020. 5. How does Amble Shipping's return on net sales for 2020 compare with previous years? How does it compare with that of the industry? In the shipping industry, rates above 5% are considered good, and rates above 7% are outstanding 6. Evaluate Amble Shipping, Inc.'s ROA for 2020, compared with previous years, and against a 15% benchmark for the industry. Print Done