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Trend Percentages Net sales, net income, and total asset figures for Vibrant Controls, Inc., for five consecutive years are given below (Vibrant manufactures pollution
Trend Percentages Net sales, net income, and total asset figures for Vibrant Controls, Inc., for five consecutive years are given below (Vibrant manufactures pollution controls): Annual Amounts (Thousands of Dollars) Net sales Net income Year 1 Year 2 Year 3 Year 4 Year 5 $71,500 $79,800 $84,250 $88,400 $94,700 3,200 3,650 3,900 4,160 4,790 Total assets 42,500 45,400 48,700 51,000 54,900 Required a. Calculate trend percentages, using Year 1 as the base year. b. Calculate the return on sales for each year. Round trend percentage answers to one decimal place (ex: 0.2345 = 23.5). Trend Percentages Year 1 Year 2 Year 3 Year 4 Year 5 Net sales 0 0 0 0 0 Net income 0 0 0 0 0 Total assets 0 0 0 0 0 Round answers to 2 decimal places (ex: 0.02345 = 2.35%). Year 1 Year 2 Year 3 Year 4 Year 5 Return on Sales 0% 0% 0% 0% 0%
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