Net sales, net income, and total assets for Armanix Clothing Emporium for a four- year period follow:

Requirements
1. Compute trend percentages for each item for 2011-2014. Use 2011 as the base year.
2. Compute the rate of return on net sales for 2012-2014, rounding to three decimal places. In this industry, rates of 6% are average, rates above 8% are considered good, and rates above 10% are viewed as outstanding.
3. How does Armanix Clothing Emporium€™s return on net sales compare with the industry?

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(in thousands) Net Sales.. Net Income.... Ending Total Assets."» 2014 2013 2012 2011 $386 $357 $324 $337 31 26 12 22 196 177 170 152 EPAOP. RERCOORANN