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JAS Clocks Corp. shows the following data: Year Net income Total assets 20XW $136,000 $1,670,000 20XX 142,000 2,070,000 20XY 167,000 2,570,000 20XZ 192,000 3,170,000
JAS Clocks Corp. shows the following data: Year Net income Total assets 20XW $136,000 $1,670,000 20XX 142,000 2,070,000 20XY 167,000 2,570,000 20XZ 192,000 3,170,000 Shareholders equity $ 920,000 950,000 1,070,000 1,170,000 Saved Total debt $ 920,000 1,245,000. 1,670,000 2,170,000 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 OF 20XY zexz % 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
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