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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. Net Sales
Net sales revenue, net income, and common stockholders' equity for Solomon Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. Net Sales Revenue $ 2017 2016 2015 2014 759,000 $ 701,000 $ 643,000 $ 664,000 64,000 44,000 39,000 49,000 378,000 346,000 330,000 292,000 Net Income Ending Common Stockholders' Equity Read the requirements. Requirement 1. Compute trend analyses for each item for 20152017. Use 2014 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. 2017 2016 2015 2014 Net Sales Revenue $ 759,000 $ 701,000 $ 643,000 $ 664,000 Trend Percentages % % % 100 % Net Income $ 64,000 $ 44,000 $ 39,000 $ 49,000 Trend Percentages % % % 100% Ending Common Stockholders' Equity $ 378,000 $ 346,000 $ 330,000 $ 292,000 Trend Percentages % % % 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 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 20152017. (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 2015 ( % 2016 ( ( % 2017 ( )/ % Choose from any list or enter any number in the input fields and then continue to the next
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