Net sales, net income, and total assets for Majestic Clothing Emporium for a four-year period follow: Requirements
Question:
Requirements
1. Compute trend percentages for each item for 20092012. Use 2009 as the base year.
2. Compute the return on assets for 20102012, rounding to three decimal places.
3. Majestics main competitor had a return on assets of just over 11% for the years 2010 through 2012. How does Majestic Clothing Emporiums 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
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Req 1 Majestic Clothing Emporium Trend Percentages 2012 2011 2010 2009 Net sales 120 115 105 100 N...View the full answer
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