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Return on Assets Sue Company reports the following information in its financial statements. Numbers are in thousands. 2019 2018 Net Sales $42,075 $44,100 Net Income
Return on Assets Sue Company reports the following information in its financial statements. Numbers are in thousands. 2019 2018 Net Sales $42,075 $44,100 Net Income 12,780 15,732 Total Assets 63,900 87,400 There were 5,000 outstanding shares at December 31, 2019. Required a. What was Sue's return on assets for 2019 and 2019? (Round to one decimal point) b. Based on your answer from part a, how did the company's performance change from 2018 to 2019? a. Return on Assets 2018 2019 16.9% X 20.8% * b. Sue's performance, as measured by its return on assets, increased from 2018 to 2019
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