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Net sales, net income, and total asset figures for Vibrant Controls, Inc., for five consecutive years are given below (Vibrant manufactures pollution controls): Annual Amounts (Thousands of Dollars) Year 1 Year 2 Year 4 Year 5 Year 3 $84,250 Net sales $71,500 $79,800 $88,400 $94,700 Net income 3,200 3,650 3,900 4,160 4,790 Total assets 42,500 45,400 48,700 51,000 54,900 Required a. Calculate trend percentages, using Year 1 as the base year. b. Calculate the return on sales for each year. Round trend percentage answers to one decimal place (ex: 0.2345 = 23.5). Trend Percentages Year 1 Year 3 Year 4 Year 5 Year 2 111.6 Net sales 100 ✓ 117.8 ✔ 123.6 ✔ 130 ✓ Net income 100 ✓ 114.1 ✓ 121.9 ✓ Total assets 100 ✓ 106.8 ✔ 114.6 120 ✓ Round answers to 2 decimal places (ex: 0.02345 = 2.35%). Year 1 Year 2 Year 3 Year 4 Return on Sales % x 0% x 0% x 0% x 132.4 ✓ 149.7 ✔ 129.2 ✓ Year 5 0% x

Net sales, net income, and total asset figures for Vibrant Controls, Inc., for five consecutive years are given below (Vibrant manufactures pollution controls): Annual Amounts (Thousands of Dollars) Year 1 Year 2 Year 4 Year 5 Year 3 $84,250 Net sales $71,500 $79,800 $88,400 $94,700 Net income 3,200 3,650 3,900 4,160 4,790 Total assets 42,500 45,400 48,700 51,000 54,900 Required a. Calculate trend percentages, using Year 1 as the base year. b. Calculate the return on sales for each year. Round trend percentage answers to one decimal place (ex: 0.2345 = 23.5). Trend Percentages Year 1 Year 3 Year 4 Year 5 Year 2 111.6 Net sales 100 ✓ 117.8 ✔ 123.6 ✔ 130 ✓ Net income 100 ✓ 114.1 ✓ 121.9 ✓ Total assets 100 ✓ 106.8 ✔ 114.6 120 ✓ Round answers to 2 decimal places (ex: 0.02345 = 2.35%). Year 1 Year 2 Year 3 Year 4 Return on Sales % x 0% x 0% x 0% x 132.4 ✓ 149.7 ✔ 129.2 ✓ Year 5 0% x

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How do I find the return on sales? I cant figure out the equation for it.

Trend Percentages Net sales, net income, and total asset figures for Vibrant Controls, Inc., for five consecutive years are given below (Vibrant manufactures pollution controls): Annual Amounts (Thousands of Dollars) Net sales Net income Year 1 Year 2 Year 3 Year 4 Year 5 $71,500 $79,800 $84,250 $88,400 $94,700 3,200 3,650 3,900 4,160 4,790 Total assets 42,500 45,400 48,700 51,000 54,900 Required a. Calculate trend percentages, using Year 1 as the base year. b. Calculate the return on sales for each year. Round trend percentage answers to one decimal place (ex: 0.2345 = 23.5). Trend Percentages Year 1 Year 3 Year 4 Year 5 Year 2 111.6 Net sales 100 117.8 Net income 100 114.1 ✓ 121.9 Total assets 100 106.8 114.6 Round answers to 2 decimal places (ex: 0.02345 = 2.35%). Year 1 Year 2 Year 3 Return on Sales % X 0% X 0% X Check 123.6 130 120 ✓ Year 4 0% X 132.4 149.7 129.2 Year 5 0% X
Transcribed Image Text:Trend Percentages Net sales, net income, and total asset figures for Vibrant Controls, Inc., for five consecutive years are given below (Vibrant manufactures pollution controls): Annual Amounts (Thousands of Dollars) Net sales Net income Year 1 Year 2 Year 3 Year 4 Year 5 $71,500 $79,800 $84,250 $88,400 $94,700 3,200 3,650 3,900 4,160 4,790 Total assets 42,500 45,400 48,700 51,000 54,900 Required a. Calculate trend percentages, using Year 1 as the base year. b. Calculate the return on sales for each year. Round trend percentage answers to one decimal place (ex: 0.2345 = 23.5). Trend Percentages Year 1 Year 3 Year 4 Year 5 Year 2 111.6 Net sales 100 117.8 Net income 100 114.1 ✓ 121.9 Total assets 100 106.8 114.6 Round answers to 2 decimal places (ex: 0.02345 = 2.35%). Year 1 Year 2 Year 3 Return on Sales % X 0% X 0% X Check 123.6 130 120 ✓ Year 4 0% X 132.4 149.7 129.2 Year 5 0% X
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