Net sales, net income, and total assets for Schmitz Construction, Inc., for a four-year period follow:

Requirements
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. Schmitz Construction’s main competitor had a return on assets of just under 40 percent for the years 2014, 2015, and 2016. How does Schmitz Construction, Inc.’s return on assets compare with its main competitor?

Transcribed Image Text:

2014 2015 2013 2016 Net Sales. Net Income Ending Total Assets $382,000 $358,000 $324,000 $332,000 80,000 88,000 248,000 84,000 196,000 113,000 280,000 230,000