Question
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
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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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