Net sales, net income, and total assets for Petite Construction, Inc for a tour-

Question

Net sales, net income, and total assets for Petite Construction, Inc for a tour-year period tollow E (Click the icon to view the data ) 1. Compute trend percentages for each item for 2013 through 2016. Use 2013 as the base year 2. Compute the return on assets for 2014, 2015, and 2016, rounding to three decimal places 3. Petite Construction's main competitor had a return on assets of just under 40 percent for the years 2014, 2015, and 2016 How does Pette Construction, Inc's return on assets compare with its main competitor Requirement 1. Compute trend percentages for each item tor 2013 through 2016 Use 2013 as the base year Round to the nearest whole Petite Construction, Inc. Trend Percentages 2016 2014 2013 Data Table X. Net sales Net income Total assets 9% 2013 S 389 000 364000 326000 333 000 117.000 90,000 75,000 81,000 278000 242 000 236,000 210,000 2016 2015 2014 Net sales Net income Ending tctal assets Print Done Enter any number in the edit fields and then dlick Check Answer. Clear All

Explanation / Answer

Requirement 1 Compuitation of trend persentage and return on Assets Petite Construction , Inc , Trend persentages formula 2016 2015 2014 2013 Net sales Current sales /2013 Sales   *100 117% 109% 98% 100% $389000/$333000 *100 $364000/$333000   *100 $326000/$333000   *100 $333000/$333000 *100 Net income Net Income / net sales    *100 30% 25% 23% 24% $117000/$389000   *100 $90000/$364000   *100 $75000/$326000 *100 $81000/$333000 *100 Total Assets Net Income / Total Assets   *100 42% 37% 32% 39% $117000/$278000   *100 $90000/$242000   *100 $75000/$236000 *100 $81000/$210000 *100

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