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JAS Clocks Corp. shows the following data: Total assets Year 20XH Net income $132,000 Shareholders' equity $ 880,000 $1,630,000 Total debt $ 880,000 1,205,000 20XX
JAS Clocks Corp. shows the following data: Total assets Year 20XH Net income $132,000 Shareholders' equity $ 880,000 $1,630,000 Total debt $ 880,000 1,205,000 20XX 138,000 2,030,000 910,000 20XY 163,000 2,530,000 1,030,000 1,630,000 20XZ 188,000 3,130,000 1,130,000 2,130,000 a-1. Compute the ratio of net income to total assets for each year. (Round the final answers to 2 decimal places.) Year Return on assets 28XW 20XX 20XY % 20XZ a-2. Comment on the trend. O Strong upward movement O Strong downward movement b-1. Compute the ratio of net income to shareholders' equity. (Round the final answers to 2 decimal places.) Return on
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