Question

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


Requirements
1. Compute trend percentages for each item for 2009–2012. Use 2009 as the base year.
2. Compute the return on assets for 2010–2012, rounding to three decimal places.
3. Majestic’s main competitor had a return on assets of just over 11% for the years 2010 through 2012. How does Majestic Clothing Emporium’s return on assets compare with its maincompetitor?


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  • CreatedApril 29, 2014
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