Question
JAS Clocks Corp. shows the following data: Year Net income Total assets Shareholders' equity Total debt 20XW $125,000 $1,560,000 $ 810,000 $ 810,000 20XX 131,000
JAS Clocks Corp. shows the following data:
| Year | Net income | Total assets | Shareholders' equity | Total debt | ||||
| 20XW | $125,000 | $1,560,000 | $ 810,000 | $ 810,000 | ||||
| 20XX | 131,000 | 1,960,000 | 840,000 | 1,135,000 | ||||
| 20XY | 156,000 | 2,460,000 | 960,000 | 1,560,000 | ||||
| 20XZ | 181,000 | 3,060,000 | 1,060,000 | 2,060,000 | ||||
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 |
| 20XW | % |
| 20XX | % |
| 20XY | % |
| 20XZ | % |
a-2. Comment on the trend.
multiple choice 1
-
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.)
| Year | Return on shareholders' equity |
| 20XW | % |
| 20XX | % |
| 20XY | % |
| 20XZ | % |
b-2. Comment on the trend.
multiple choice 2
-
Strong upward movement
-
Strong downward movement
b-3. Not available in connect.
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Advanced Accounting
Authors: Debra Jeter, Paul Chaney
6th edition
978-1118742945, 111874294X, 978-1119045946, 1119045940, 978-1119119364
