es Jolie Foster Care Homes Incorporated shows the following data: Total Assets $ 2,010,000 2,550,000 2,480,000 2,680,000 Year 20X1 20X2 20X3 20X4 Net Income $ 125,000 193,000 201,000 236,000 Year 20X1 20X2 20X3 20X4 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. Return on Assets % Stockholders' Equity $ 785,000 1,306,000 1,470,000 1,910,000 % % a-2. What is the trend in the net income to total assets ratio? Total Debt $ 1,225,000 1,244,000 1,010,000 770,000

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Jolie Foster Care Homes Incorporated shows the following data:
Total Assets
$ 2,010,000
2,550,000
2,480,000
2,680,000
Year
20X1
20X2
20X3
20X4
Net Income
$ 125,000
193,000
201,000
236,000
Year
20X1
20X2
20X3
20X4
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.
Return on Assets
%
Stockholders' Equity
$ 785,000
1,306,000
1,470,000
1,910,000
%
%
a-2. What is the trend in the net income to total assets ratio?
Total Debt
$ 1,225,000
1,244,000
1,010,000
770,000
Transcribed Image Text:es Jolie Foster Care Homes Incorporated shows the following data: Total Assets $ 2,010,000 2,550,000 2,480,000 2,680,000 Year 20X1 20X2 20X3 20X4 Net Income $ 125,000 193,000 201,000 236,000 Year 20X1 20X2 20X3 20X4 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. Return on Assets % Stockholders' Equity $ 785,000 1,306,000 1,470,000 1,910,000 % % a-2. What is the trend in the net income to total assets ratio? Total Debt $ 1,225,000 1,244,000 1,010,000 770,000
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