Net sales, net income, and total asset figures for Janice Controls, Inc., for five consecutive years are
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Net sales, net income, and total asset figures for Janice Controls, Inc., for five consecutive years are given below (Janice manufactures pollution controls):
Required
a. Calculate trend percentages, using Year 1 as the base year.
b. Calculate the return on sales for each year. (Rates above 2.8 percent are considered good for manufacturers of pollution controls; rates above 6.5 percent are considered very good.)
c. Comment on the results of your analysis.
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