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Jolie Foster Care Homes Incorporated shows the following data: Net Income $ 158,000 175,000 Total Assets $ 2,240,000 2,340,000 2,750,000 220,000 256,000 2,850,000 Year 20X1
Jolie Foster Care Homes Incorporated shows the following data: Net Income $ 158,000 175,000 Total Assets $ 2,240,000 2,340,000 2,750,000 220,000 256,000 2,850,000 Year 20X1 20X2 20X3 20X4 a-1. Compute the ratio of net income to total assets for each year. Note: Input your answers as a percent rounded to 2 decimal places. Year 20X1 20X2 20X3 20X4 Return on Assets Stockholders' Equity $ 1,757,000 1,528,000 1,740,000 1,990,000 % % % % Total Debt $ 483,000 812,000 1,010,000 860,000 4
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