Net sales revenue, net income, and common stockholders' equity for Shawnee Mission Corporation, a manufacturer of contact lenses, follow for a four-year period.

Requirements

1. Compute trend analyses for each item for 2014-2016. Use 2013 as the base year, and round to the nearest whole percent.

2. Compute the rate of return on common stockholders' equity for 2014–2016, rounding to three decimal places.

Transcribed Image Text:

2016 20152014 2013 Net Sales Revenue Net Income $759,000 701,000 629,000 $ 659,000 56,000 43000 38,000 48,000 Ending Common Stockholders' Equity 364,000 356,000 328,000 300,000