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Net sales revenue, net income, and common stockholders' equity for Salem Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. (Click the
Net sales revenue, net income, and common stockholders' equity for Salem Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. (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 2023-2025. Use 2022 as the base year, and round to the nearest whole percent. Begin by computing Salem Mission Corporation's trend analysis for net sales revenue, then compute Salem Mission Corporation's trend analysis for net income and finally compute Salem Mission Corporation's trend analysis for common stockholders' equity. 2025 2024 2023 2022 Net Sales Revenue $ 765,000 $ 704,000 $ 637,000 $ 661,000 Trend Percentages % % % 100 % Net Income $ 61,000 $ 44,000 $ 38,000 $ 42,000 Trend Percentages % % % 100 % Ending Common Stockholders' Equity $ 372,000 346,000 334,000 292,000 Trend Percentages % % % 100 % Requirement 2. Compute the rate of return on common stockholders' equity for 2023-2025, rounding to three decimal places. Begin by selecting the formula to calculate Salem Mission Corporation's rate of return on common stockholders. Then, enter the amounts and calculate the rate of return on common stockholders' equity for 2023-2025. (Abbreviation used: Avg. common SE = average common stockholders' equity. Complete all answer boxes. Enter a "0" 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, X.X%.) 2023 2024 2025 Calculator + ++ Rate of return on common stockholders' equity % % % Time Remaining: 02:00:16 Next Data table - Net Sales Revenue 2025 $ 2024 2023 2022 765,000 $ 704,000 $ 637,000 $ 661,000 Net Income 61,000 44,000 38,000 42,000 Ending Common Stockholders' Equity 372,000 346,000 334,000 292,000 Print Done Requirements 1. 2. Compute trend analyses for each item for 2023-2025. Use 2022 as the base year, and round to the nearest whole percent. Compute the rate of return on common stockholders' equity for 2023-2025, rounding to three decimal places. Print Done
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