(L. OBJ. 1, 4) Trend percentages, return on common equity, and comparison with the indus...

(L. OBJ. 1, 4) Trend percentages, return on common equity, and comparison with the industry [20—30 min]

Net sales revenue, net income, and common stockholders’ equity for Azbel Mission Corporation, a manufacturer of contact lenses, follow for a four-year period.

Requirements

1. Compute trend percentages for each item for 2011—2013. Use 2010 as the base year, and round to the nearest whole percent.

2. Compute the rate of return on common stockholders’ equity for 2011—2013, rounding to three decimal places.