Problem 3-27 (Algo) Trend analysis [LO3-4]
Jolie Foster Care Homes Incorporated shows the following data:
Year
Net Income
Total Assets
20X1
$ 130,000
$ 2,670,000
20X2
136,000
2,550,000
20X3
205,000
2,870,000
20X4
209,000
2,380,000
Stockholders' Equity
$ 794,000
958,000
1,460,000
2,090,000
a-1. Compute the ratio of net income to total assets for each year.
Note: Input your answers as a percent rounded to 2 decimal places.
Total Debt
$ 1,876,000
1,592,000
1,410,000
290,000
Year
Return on Assets
20X1
%
20X2
%
20X3
%
20X4
%