Question
Net sales revenue, net income, and common stockholders' equity for Amaze Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. (Click
Net sales revenue, net income, and common stockholders' equity for Amaze 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 2017-2019. Use 2016 as the base year, and round to the nearest whole percent. Begin by computing Amaze Mission Corporation's trend analysis for net sales revenue, then compute Amaze Mission Corporation's trend analysis for net income and finally compute Amaze Mission Corporation's trend analysis for common stockholders' equity. 2019 2018 2017 2016 Net Sales Revenue $ 765,000 $ 702,000 638,000 $ 659,000 Trend Percentages % % % 100 % Net Income 61,000 $ 44,000 35,000 $ 47,000 Trend Percentages % % % Ending Common Stockholders' Equity 366,000 $ 358,000 $ 338,000 $ 100 % 304,000 Trend Percentages % % % 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 Amaze 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 "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%.) Rate of return on common stockholders' equity 2017 2018 2019 ( Data Table % % % Requirements 2019 2018 2017 2016 2019 2018 Net Sales Revenue Net Income $ 765,000 $ 702,000 $ 638,000 $ 659,000 61,000 44,000 35,000 Net Sales Revenue $ 47,000 Net Income Ending Common Stockholders' Equity 366,000 358,000 338,000 304,000 Ending Common Stockholders' Equity 2017 2016 765,000 $ 702,000 $ 638,000 $ 659,000 61,000 44,000 35,000 47,000 366,000 358,000 338,000 304,000 Print Done Print Done
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