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Jolie Foster Care Homes Incorporated shows the following data: Year Net Income Total Assets Stockholders' Equity Total Debt 20X1 $ 207,000 $ 2,680,000 $ 1,785,000
Jolie Foster Care Homes Incorporated shows the following data: Year Net Income Total Assets Stockholders' Equity Total Debt 20X1 $ 207,000 $ 2,680,000 $ 1,785,000 $ 895,000 20X2 172,000 2,490,000 1,672,000 818,000 20X3 164,000 2,740,000 1,820,000 920,000 20X4 157,000 2,980,000 1,800,000 1,180,000 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
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