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Jolie Foster Care Homes Inc. shows the following data: Year 20x2 20X3 2eX Net Income $ 130,000 143,800 207, eee 208.880 Total Stockholders' Assets Equity
Jolie Foster Care Homes Inc. shows the following data: Year 20x2 20X3 2eX Net Income $ 130,000 143,800 207, eee 208.880 Total Stockholders' Assets Equity $ 2,330,000 $1,795,000 2,050, eee 1,587,000 2,740, eee 1,790,000 2,160,000 1,620,000 Total Debt $ 535,000 463,000 950,000 540,000 8-1. Compute the ratio of net income to total assets for each year. (Input your answers as a percent rounded to 2 decimal places.) Year Return on Assets 20X1 20X2 20X3 % 6-2. What is the trend in the net income to total assets ratio? Strong downward movement O Strong upward movement b-1. Compute the ratio of net income to stockholders' equity for each year. (Input your answers as a percent rounded to 2 decimal places.) Year Return on Stockholders Equity % 20X1 20X2 % 20X3 % 20X4 % b-2. What is the trend in the net income to stockholders' equity ratio? Strong downward movement Strong upward movement
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