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Net sales revenue, net income, and common stockholders' equity for Vallen Optical Corporation, a manufacturer of contact lenses, follow for

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Net sales revenue, net income, and common stockholders' equity for Vallen Optical Corporation, a manufacturer of contact lenses, follow for a four-year period.
(in thousands) 2017 2015 2014 $6,700 $ 560 2016 $7,437 $ 700 $5,525 $7,035 $ 476 $6,499 Net sales revenue Net income End

Requirements
1. Compute trend percentages for each item for 2014 through 2017. Use 2014 as the base year.
2. Compute the rate of return on common stockholders' equity for 2015 through 2017.

Transcribed Image Text:

(in thousands) 2017 2015 2014 $6,700 $ 560 2016 $7,437 $ 700 $5,525 $7,035 $ 476 $6,499 Net sales revenue Net income Ending common stockholders' equity $ 420 $5,275 $3,125 $3,225

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Related Book For  answer-question
Managerial Accounting

Managerial Accounting

ISBN: 978-0134128528

5th edition

Authors: Karen W. Braun, Wendy M. Tietz

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Question Details
Chapter # 14- Financial Statement Analysis
Section: Exercises
Problem: 34
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Question Posted: October 25, 2017 10:17:40
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