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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
X $ $ $ $
X
X
X
a Compute the ratio of net income to total assets for each year.
Note: Input your answers as a percent rounded to decimal places.
a What is the trend in the net income to total assets ratio?
multiple choice
Strong upward movement
Strong downward movement
b Compute the ratio of net income to stockholders' equity for each year.
Note: Input your answers as a percent rounded to decimal places.
b What is the trend in the net income to stockholders' equity ratio?
multiple choice
Strong upward movement
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