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Total Assets Jolie Foster Care Homes Inc. shows the following data: Net Year Income 20X1$158,000$2,240,000 20X2 175,000 2,340,000 Stockholders' Equity Total Debt $1,757,000$ 483,000 1,528,000
Total Assets Jolie Foster Care Homes Inc. shows the following data: Net Year Income 20X1$158,000$2,240,000 20X2 175,000 2,340,000 Stockholders' Equity Total Debt $1,757,000$ 483,000 1,528,000 812,000 20X3 220,000 2,750,000 1,740,000 1,010,000 20X4 256,000 2,850,000 1,990,000 860,000 a-1. Compute the ratio of net income to total assets for each year. (Input your answers as a percent rounded to decimal places.) Answer is complete but not Return on rrect. Year Assets 20X1 6.05% 20X2 7.47 % 20X3 8.00 % 20X4 8.98 % a-2. What is the trend in the net income to total assets ratio? Strong downward movement Strong upward movement b-1. Compute the ratio of net income to stockholders' equity for each year. (Input your answers as a percent round to 2 decimal places.) Answer is complete and correct. Return on Stockholders' Equity Year 20X1 8.99 % 20X2 11.45 % 20X3 12.64 % 20X4 12.86 %
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