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

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. Versacheki’s main competitor had a return on assets of just under 19 percent for the years 2014, 2015, and 2016. How does Versacheki Construction, Inc.’s return on assets compare with its main competitor?

Transcribed Image Text:

2016 2015 2014 2013 Net Sales. Net Income. Ending Total Assets $878,000 $822,000 $847,000 $831,000 948,000 914,000 906,000 894,000