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Net sales, net income, and total assets for Amble Construction, Inc., for a four-year period follow: (Click the icon to view the data.) Read
Net sales, net income, and total assets for Amble Construction, Inc., for a four-year period follow: (Click the icon to view the data.) Read the requirements. Requirement 1. Compute trend percentages for each item for 2015 through 2018. Use 2015 as the base year. (Round to the nearest whole percent, X%.) Amble Construction, Inc. - Trend Percentages Net sales Net income Total assets Requirements 2018 2017 2016 2015 % % % % % % % % % % % Data table Net sales. 1. Compute trend percentages for each item for 2015 through 2018. Use 2015 as the base year. 2. Compute the return on assets for 2016, 2017, and 2018. Round your answers to three decimal places. 3. Amble Construction's main competitor had a return on assets of just under 40 percent for the years 2016, 2017, and 2018. How does Amble Construction, Inc.'s return on assets compare with that of its main competitor? Net income Ending total assets 2018 2017 2016 2015 $ 388,000 $ 357,000 $325,000 $336,000 89,000 77,000 76,000 124,000 282,000 256,000 236,000 190,000 Print Done -
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