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JAS Clocks Corp. shows the following data: Year 20XW 20XX 20xY 20XZ Net income $131,000 137,000 162,000 187,000 Total assets Shareholders' equity $1,620,000 870,000 2,020,000
JAS Clocks Corp. shows the following data: Year 20XW 20XX 20xY 20XZ Net income $131,000 137,000 162,000 187,000 Total assets Shareholders' equity $1,620,000 870,000 2,020,000 900,000 2,520,000 1,020,000 3,120,000 1,120,000 Total debt $ 870,000 1,195,000 1,620,000 2,120,000 a-1. Compute the ratio of net income to total assets for each year. (Round the final answers to 2 decimal places.) Return on assets Ok Year 20XW 20XX 20XY 20XZ nces a-2. Comment on the trend. Strong upward movement Strong downward movement b-1. Compute the ratio of net income to shareholders' equity. (Round the final answers to 2 decimal places.) a-2. Comment on the trend. Strong upward movement Strong downward movement b-1. Compute the ratio of net income to shareholders' equity. (Round the final answers to 2 decimal places.) Return on shareholders' equity Year 20XW 20xx 2OXY 20x2 b-2. Comment on the trend. Strong upward movement Strong downward movement b-3. Not available in connect
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