Question
JAS Clocks Corp. shows the following data: Year Net income Total assets Shareholders' equity Total debt 20XW $129,000 $1,600,000 $ 850,000 $ 850,000 20XX 135,000
JAS Clocks Corp. shows the following data:
| Year | Net income | Total assets | Shareholders' equity | Total debt | ||||
| 20XW | $129,000 | $1,600,000 | $ 850,000 | $ 850,000 | ||||
| 20XX | 135,000 | 2,000,000 | 880,000 | 1,175,000 | ||||
| 20XY | 160,000 | 2,500,000 | 1,000,000 | 1,600,000 | ||||
| 20XZ | 185,000 | 3,100,000 | 1,100,000 | 2,100,000 | ||||
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 | % |
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 | % |
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Financial Management Principles And Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
13th Global Edition
1292222182, 978-1292222189
