Homework Answers
Answer-1- Trend %= Any period amount/ Base period amount *100
| Particulars | 2019 | 2018 | 2017 | 2016 |
| Net Sales Revenue | $759,000 | $701,000 | $646,000 | $661,000 |
| Trend % |
115% ($759,000/$661,000*100) |
106% ($701,000/$661,000*100) |
98% ($646,000/$661,000*100) |
100% |
| Net Income | $59,000 | $45,000 | $37,000 | $49,000 |
| Trend % |
120% ($59,000/ $49,000*100) |
92% ($45,000/ $49,000*100) |
76% ($37,000/$49,000*100) |
100% |
| Ending Common Stockholder's Equity | $364,000 | $350,000 | $334,000 | $290,000 |
| Trend % |
126% ($364,000/ $290,000*100) |
121% ($350,000/ $290,000*100) |
115% ($334,000/$290,000*100) |
100% |
Answer-2-
| ( | Net Income | - | Preferred Dividends | ) | / | Average common Stockholders' Equity | = | Rate of return on common stockholders' equity | |
| 2017 | ( | $37,000 | - | $0 | ) | / |
$290,000+ $334,000/2 =$312,000 |
= | 11.86% |
| 2018 | ( | $45,000 | - | $0 | ) | / |
$334,000+$350,000/2 $342,000 |
= | 13.16% |
| 2019 | ( | $59,000 | - | $0 | ) | / |
$350,000+$364,000/2 $357,000 |
= | 16.53% |
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OPTIONS ARE:
Net income for 2019 was
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for 2019. (Round your final answer to two decimal places.)
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