Net sales revenue, net income, and common stockholders' equity for Shawnee Mission Corporation, a manufacturer of...
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Net sales revenue, net income, and common stockholders' equity for Shawnee Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. 2016 2014 2017 2015 Net Sales Revenue Net Income Ending Common Stockholders' Equity $ 642,000 $ 764,000 $ 702,000 $ 665,000 57,000 45,000 38,000 328,000 47,000 362,000 356,000 294,000 Requirements 1. Compute trend analyses for each item for 2015-2017. Use 2014 as the base year, and round to the nearest whole percent. 2. Compute the rate of return on common stockholders' equity for 2015-2017, rounding to three decimal places. Net sales revenue, net income, and common stockholders' equity for Shawnee Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. 2016 2014 2017 2015 Net Sales Revenue Net Income Ending Common Stockholders' Equity $ 642,000 $ 764,000 $ 702,000 $ 665,000 57,000 45,000 38,000 328,000 47,000 362,000 356,000 294,000 Requirements 1. Compute trend analyses for each item for 2015-2017. Use 2014 as the base year, and round to the nearest whole percent. 2. Compute the rate of return on common stockholders' equity for 2015-2017, rounding to three decimal places.
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1 Computation of Trend Analysis for each item for 2015201... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting The Financial Chapters
ISBN: 978-0134486857
6th edition
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
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