Requirement 1. Calculate trend percentages for each item for 2015 through 2018. Use 2014 as the base year and round to the nearest percent. Accurate Shipping, Inc. - Trend Percentages Net sales Net income Total assets 2018 2017 2016 2015 2014 304 % 168 % 164 % 107 % 100 % 63 % 153 % 53% 132 % 140 % 107 % 100 % 122 % 110 % 100% Requirement 2. Calculate the rate of return on net sales for 2016 through 2018, rounding to the nearest one-tenth percent. Explain what this means. Begin by selecting the rate of return on net sales (return on sales) formula and enter the amounts to calculate the percentages. (Enter amounts in thousands as provided to you in the problem statement. Complete all answer boxes. Enter "0" for any zero amounts and enter the return on sales amounts as percentages rounded to one-tenth percent, XX%.) Net income 2016 42 2017 (S 16 2018 ($ 19 Explain what this means. Preferred dividends )/ Net sales Return on sales 0 490 8.6 )/ $ 500 3.2 )/ $ 906 2.1 % Return on sales measures the amount of net income for each dollar of net sales. 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. (Enter amounts in thousands as provided to you in the problem statement. Round intermediary calculation to the nearest thousand. Round the asset turnover ratios to three decimal places, X.XXX.) 2016 2017 2018 Net sales 490 500 906 Average total assets 239 262 294 Asset turnover 2.050 1.908 3.082 Explain what this means. Asset turnover means the amount of net sales per dollar invested in assets. Requirement 4. Use a DuPont Analysis to calculate the rate of return on average total assets (ROA) for 2016 through 2018. Begin by selecting the ROA formula using the DuPont analysis and then enter the amounts to calculate the ratio. (Enter percentages rounded to one-tenth percent, XX%. Enter other component ratios as decimals to three places, .XXX.) X 2016 % X 2017 % x 2018 % x = ROA % %