Net sales, net income, and total assets for Alexander Construction, Inc., for a four-year period follow E (Cick the icon to view the data.) Read the reguirements .... Requirement 1. Compute trend percentages for each item for 2015 through 2018. Use 2015 as the base year. (Round to the nearest whole percent, X%.) - X Data table Alexander Construction, Inc. - Trend Percentages 2018 2015 2017 % 2016 2018 2017 2016 2015 Net sales. Net sales. S 385,000 S 362,000 $ 323,000 $ 333,000 Net income Total assets. Net income 118.000 92.000 71,000 77.000 Ending total assets 276,000 258.000 234,000 194,000 Requirement 2. Compute the return on assets for 2016, 2017, and 2018. Round your answers to three decimal places. Select the return on assets formula and then enter the amounts to calculate the returm on assets for each year. (Round the return on asset amounts to the nearest tenth of a percent, XX%.) Return on assets Print Done 2016 %3D 2017 2018 Requirement 3. Alexander Construction's main competitor had a return on assets of just under 40 percent for the years 2016, 2017, and 2018. How does Alexander Construction, Inc's return on assets compare with that of its main competitor? Based on the returm on assets, Alexander Construction's, Inc. " its main competitor in 2018 but [ | them in both 2017 and 2016.
Net sales, net income, and total assets for Alexander Construction, Inc., for a four-year period follow E (Cick the icon to view the data.) Read the reguirements .... Requirement 1. Compute trend percentages for each item for 2015 through 2018. Use 2015 as the base year. (Round to the nearest whole percent, X%.) - X Data table Alexander Construction, Inc. - Trend Percentages 2018 2015 2017 % 2016 2018 2017 2016 2015 Net sales. Net sales. S 385,000 S 362,000 $ 323,000 $ 333,000 Net income Total assets. Net income 118.000 92.000 71,000 77.000 Ending total assets 276,000 258.000 234,000 194,000 Requirement 2. Compute the return on assets for 2016, 2017, and 2018. Round your answers to three decimal places. Select the return on assets formula and then enter the amounts to calculate the returm on assets for each year. (Round the return on asset amounts to the nearest tenth of a percent, XX%.) Return on assets Print Done 2016 %3D 2017 2018 Requirement 3. Alexander Construction's main competitor had a return on assets of just under 40 percent for the years 2016, 2017, and 2018. How does Alexander Construction, Inc's return on assets compare with that of its main competitor? Based on the returm on assets, Alexander Construction's, Inc. " its main competitor in 2018 but [ | them in both 2017 and 2016.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Net sales, net income, and total assets for Alexander Construction, Inc., for a four-year period follow:
E (Click the icon to view the data.)
Read the requirements.
Requirement 1. Compute trend percentages for each item for 2015 through 2018. Use 2015 as the base year. (Round to the nearest whole percent, X%.)
Data table
Alexander Construction, Inc. - Trend Percentages
2018
2017
2016
2015
%
2018
2017
2016
2015
Net sales.
%
%
Net income
Net sales
$ 385,000 $ 362,000 $ 323,000 $ 333,000
%
%
%
Total assets
%
%
Net income
118,000
92,000
71,000
77,000
Ending total assets.......
276,000
258,000
234,000 194,000
Requirement 2. Compute the return on assets for 2016, 2017, and 2018. Round your answers to three decimal places.
Select the return on assets formula and then enter the amounts to calculate the return on assets for each year. (Round the return on asset amounts to the nearest tenth of a percent, X.X%.)
Return on assets
Print
Done
2016
%
2017
%
2018
Requirement 3. Alexander Construction's main competitor had a return on assets of just under 40 percent for the years 2016, 2017, and 2018. How does Alexander Construction, Inc.'s return on assets compare with that of its main competitor?
Based on the return on assets, Alexander Construction's, Inc.
V its main competitor in 2018 but
them in both 2017 and 2016.
Transcribed Image Text:Requirement 3. Alexander Construction's main competitor had a return on assets of just under 40 percent for the years 2016, 2017, and 2018. How does Alexander Construction, Inc.'s return on assets compare with that of its main competitor?
Based on the return on assets. Alexander Construction's, Inc.
its main competitor in 2018 but
v them in both 2017 and 2016.
was comparable to
underperformed
outperformed
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