JAS Clocks Corp. shows the following data: Year 20XW 20xx 2OXY 2OXZ Net income $120,000...
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JAS Clocks Corp. shows the following data: Year 20XW 20xx 2OXY 2OXZ Net income $120,000 126,000 151,000 176,000 Total assets $1,510,000 1,910,000 2,410,000 3,010,000 Shareholders' equity $ 760,000 790,000 910,000 1,010,000 Total debt $ 760,000 1 1,085,000 1,510,000 2,010,000 a-1. Compute the ratio of net income to total assets for each year. (Round the final answers to 2 decimal places.) Year Return on assets 20XW % 20XX % 20XY % 20XZ % a-2. Comment on the trend. Strong upward movement O Strong downward movement b-1. Compute the ratio of net income to shareholders' equity. (Round the final answers to 2 decimal places.) Return on shareholders' equity Year 20XW % b-1. Compute the ratio of net income to shareholders' equity. (Round the final answers to 2 decimal places.) Return on shareholders' equity Year 20XW % 20xx % 20XY % 20XZ % b-2. Comment on the trend. O Strong upward movement O Strong downward movement
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