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JAS Clocks Corp. shows the following data: Year Net income Total assets 20XW $121,000 $1,520,000 20XX 127,000 1,920,000 20XY 152,000 2,420,000 20XZ 177,000 3,020,000
JAS Clocks Corp. shows the following data: Year Net income Total assets 20XW $121,000 $1,520,000 20XX 127,000 1,920,000 20XY 152,000 2,420,000 20XZ 177,000 3,020,000 Shareholders' equity $ 770,000 800,000 920,000 1,020,000 Total debt $ 770,000 1,095,000 1,520,000 2,020,000 a-1. Compute the ratio of net income to total assets for each year. (Round the final answers to 2 decimal places.) Year 20XW 20XX 20XY 20XZ Return on assets % % a-2. Comment on the trend. Strong upward movement Strong downward movement %
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