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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. S Net
Net sales revenue, net income, and common stockholders' equity for Salem Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. S Net Sales Revenue Net Income Ending Common Stockholders' Equity 2017 2016 2015 2014 759,000 $ 700,000 $ 645,000 S 662,000 58,000 39,000 35,000 42,000 372,000 358,000 326,000 306,000 Read the requirements. stockholders' equity. $ $ $ $ $ 2017 750,000 % 58,000 % 372,000 % $ 2016 700,000 % 39,000 % 358,000 % Net Sales Revenue Trend Percentages Net Income Trend Percentages Ending Common Stockholders' Equity Trend Percentages $ 2015 645,000 % 35,000 % 326,000 % $ 2014 662,000 100% 42,000 100% 306,000 100% $ $ $ $ Requirement 2. Compute the rate of return on common stockholders' equity for 2015-2017, rounding to three decimal places Begin by selecting the formula to calculate Salem Mission Corporation's rate of retum on common stockholders. Then, enter the amounts and calculate the rate of return on common stockholders' equity for 2015-2017. (Abreviation used: Avg. common SE = average common stockholders' equity. Complete all input 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, X.X%.) Rate of return on common stockholders' equity = L 2015 2016 2017 1
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