Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

. % % % % % % Net salon, net income, and total assets for Gene Blue Construction, Inc., for a four-year period follow: Click

image text in transcribed
image text in transcribed
image text in transcribed
. % % % % % % Net salon, net income, and total assets for Gene Blue Construction, Inc., for a four-year period follow: Click the icon to view the data.) Read the requirements Gene Blue Construction, Inc. - Trend Percentages 2018 2017 2016 2015 Net sales Net income % % % Total assets % % Requirement 2. Compute the return on assets for 2016, 2017 and 2018. Round your answers to three decimal places Select the return on annets formula and then enter the amounts to calculate the return on assets for each year. (Round the return on assot amounts to the nearest forth of a percent, XX%) I Net income Average total assets Return on assets 2016 2017 2018 Requirement 3. Gene Blue Construction's main competitor had a return on assets of just under 40 percent for the years 2016, 2017 and 2018. How does Gene Blue Construction, Ine's return on assets compare with that of its main competitor? Based on the return on assets, Gene Blue Construction's, Inc. ita main competitor in 2018 but them in both 2017 and 2016 1 1 1 1 Choose from any list or enter any number in the input fields and then continue to the next question i Data Table 2018 2017 2016 2015 al Net sales. In asset am Net income $ 389,000 $ 361,000 $ 323,000 $ 334,000 123,000 91,000 79,000 81,000 286,000 249,000 232,000 206,000 Ending total assets Print Done i Requirements In asse la a 1. Compute trend percentages for each item for 2015 through 2018. Use 2015 as the base year. 2. Compute the return on assets for 2016, 2017, and 2018. Round your answers to three decimal places. 3. Gene Blue Construction's main competitor had a return on assets of just under 40 percent for the years 2016, 2017, and 2018. How does Gene Blue Construction, Inc.'s return on assets compare with that of its main competitor? Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Implementing Standardized Work Training And Auditing

Authors: Alain Patchong

1st Edition

146656363X, 978-1466563636

More Books

Students also viewed these Accounting questions

Question

Guidelines for Informative Speeches?

Answered: 1 week ago