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Net sales revenue, net income, and common stockholders' equity for Solomon 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 Solomon 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 Solomon Mission Corporation's trend analysis for net sales revenue, then compute Solomon Mission Corporation's trend analysis for net income and finally compute Solomon Mission Corporation's trend analysis for common stockholders' equity. 2019 2018 2017 2016 Net Sales Revenue $ 759,000 $ 706,000 $ 642,000 $ 660,000 Trend Percentages % % % 100 % Net Income $ 59,000 $ 41,000 $ 33,000 $ 43,000 % % % 100 % Trend Percentages Ending Common Stockholders' Equity Trend Percentages $ 376,000 $ 344,000 $ 334,000 $ 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 Solomon 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%.) Begin by selecting the formula to calculate Solomon Mission Corporation's rate of return on common stockholders. Then, enter the amounts and calculate the rate of return on common stockholders' equity for 20172019. (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 ( %
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