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Net sales revenue, net income, and common stockholders' equity for Mirabel Mission Corporation, a manufacturer of contact lenses, follow for a four-year period EB (Click
Net sales revenue, net income, and common stockholders' equity for Mirabel Mission Corporation, a manufacturer of contact lenses, follow for a four-year period EB (Click the icon to view the net sales revenue, net income, and common equity.) Read the requirements Requirement 1. Compute trend analyses for each item for 2017-2019. Use 2016 as the base year, and round to the nearest whole percent. Begin by computing Mirabel Mission Corporation's trend analysis for net sales revenue, then compute Mirabel Mission Corporation's trend analysis for net income and finally compute Mirabel Mission Corporation's trend analysis for common stockholders' equity 2019 2018 2017 2016 Net Sales Revenue $ 767,000 $ 706,000 S 638,000 665,000 100 % Trend Percentages 56,000 42,000 S Net Income 8,000 47,000 100 % Trend Percentages Ending Common Stockholders' Equity Trend Percentages 370,000 344,000 338,000 306,000 100 % Requirement 2. Compute the rate of return on common stockholders' equity for 2017-2019, rounding to three decimal places Begin by selecting the formula to calculate Mirabel Mission Corporation's rate of return on common stockholders. Then, enter the amounts and calculate the rate of return on common stockholders' equity for 2017-2019. (Abbreviation used: Avg common SE average common stockholders' equity. Complete all answer boxes. Enter a "O" for balances with a zero value Round your calculations to three decimal places and then enter your answers as a percentage to the nearest tenth percent, XX%.) Rate of return on common - Preferred dividendsAvg. common SE stockholders' equity Net income 2017 2018 S 2019 S 2019 2016 2017 Net Sales Revenue Net Income Ending Common Stockholders' S 765,000 $ 702,000 $ 642,000 $ 666,000 58,000 43,000 31,000 46,000 376,000 348,000 336,000 306,000 Equity
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