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Jolie Foster Care Homes Incorporated shows the following data: Year Net Income Total Assets Stockholders' Equity Total Debt 2 0 X 1 $ 2 0

Jolie Foster Care Homes Incorporated shows the following data:
Year Net Income Total Assets Stockholders' Equity Total Debt
20X1 $ 202,000 $ 1,980,000 $ 1,422,000 $ 558,000
20X2211,0002,400,0001,565,000835,000
20X3209,0002,740,0001,610,0001,130,000
20X4183,0002,700,0001,640,0001,060,000
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.
a-2. What is the trend in the net income to total assets ratio?
multiple choice 1
Strong upward movement
Strong downward movement
b-1. Compute the ratio of net income to stockholders' equity for each year.
Note: Input your answers as a percent rounded to 2 decimal places.
b-2. What is the trend in the net income to stockholders' equity ratio?
multiple choice 2
Strong upward movement

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