Jolie Foster Care Homes Incorporated shows the following data:

Year          Net Income           Total Assets          Stockholders' Equity           Total Debt

20X1          $ 202,000                 $ 1,980,000            $ 1,422,000                        $ 558,000

20X2             211,000                  2,400,000                1,565,000                         835,000

20X3           209,000                     2,740,000               1,610,000                        1,130,000

20X4            183,000                   2,700,000                  1,640,000                     1,060,000

Compute the ratio of net income to total assets for each year.

Answer rating: 100% (QA)

To compute the ratio of net income to total assets divide the net income by the total assets ... View the full answer