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Net sales revenue, net income, and common stockholders' equity for Atkinson Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. 2017 2016

Net sales revenue, net income, and common stockholders' equity for

Atkinson Mission Corporation, a manufacturer of contact lenses, follow for a four-year period.

2017

2016

2015

2014

Net Sales Revenue

$765,000

$700,000

$645,000

$666,000

Net Income

63,000

41,000

34,000

48,000

Ending Common Stockholders' Equity

370,000

350,000

326,000

296,000

Requirement 1. Compute trend analyses for each item for 2015-2017 . Use 2014 as the base year, and round to the nearest whole percent.

Begin by computing Mission Corporation's trend analysis for net sales revenue, then compute

AtkinsonAtkinson

Mission Corporation's trend analysis for net income and finally compute

AtkinsonAtkinson

Mission Corporation's trend analysis for common stockholders' equity.

2.Compute the rate of return on common stockholders' equity for 2015-2017, rounding to three decimal places.

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