Net sales, net income, and total assets for Azbell Electronics for a fouryear period follow. Requirements 1.

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Net sales, net income, and total assets for Azbell Electronics for a fouryear period follow.

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Requirements

1. Compute trend percentages for each item for 2006 through 2008.
Use 2005 as the base year and round to the nearest whole percentage

2. Compute the rate of return on net sales for 2006 through 2008, rounding to three decimal places.

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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Question Posted: May 13, 2024 06:00 AM

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Net sales, net income, and total assets for Azbell Electronics for a fouryear period follow. Requirements 1.

Question:

(in thousands) 2008 2007 2006 2005 Net sales $307 $313 $266 $281 Net income 9 21 11 18 Total assets 266 254 209 197

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Accounting

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