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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(in thousands) Net Sales Net Income Ending Total Assets.. 2012 2011 2010 2009 $480 31 30 250 20 200 280 230