Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help! Requirements a 1. Calculate trend percentages for each item for 2015 through 2018. Use 2014 as the base year and round to the
please help!
Requirements a 1. Calculate trend percentages for each item for 2015 through 2018. Use 2014 as the base year and round to the nearest percent. 2. Calculate the rate of return on net sales for 2016 through 2018, rounding to the nearest one-tenth percent. Explain what this means. 3. Calculate asset turnover for 2016 through 2018. Explain what this means. 4. Use a DuPont Analysis to calculate the rate of return on average total assets (ROA) for 2016 through 2018. 5. How does Amble Shipping's return on net sales for 2018 compare with previous years? How does it compare with that of the industry? In the shipping industry, rates above 9% are considered good, and rates above 11% are outstanding. 6. Evaluate the company's ROA for 2018, compared with previous years and against an 18% benchmark for the industry. Data table 2018 2017 2016 2015 2014 (In thousands) Net sales. $ 616 $ 502 $ 356 $ 313 $ 300 Net income 33 35 15 40 . 33 Total assets .... 302 272 250 226 208 Print Done Requirement 3. Calculate asset turnover for 2016 through 2018. Explain what this means. Begin by selecting the asset turnover formula and then enter the amounts to calculate the ratios. (E turnover ratios to three decimal places, X.XXX.) Asset turnover 2016 2017 2018 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started