Net sales revenue, net income, and common stockholders' equity for Solomon Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. (Click the icon to view the net sales revenue, net income, and common equity.) Read the requirements. Data table Net Sales Revenue Net Income Ending Common Stockholders' Equity $ 2025 C 2024 2023 2022 761,000 $ 705,000 $638,000 $ 659,000 44,000 35,000 43,000 57,000 362,000 346,000 332,000 302,000 X o the nearest whole percent. Mission Corporation's trend analysis for net income and
Net sales revenue, net income, and common stockholders' equity for Solomon Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. (Click the icon to view the net sales revenue, net income, and common equity.) Read the requirements. Data table Net Sales Revenue Net Income Ending Common Stockholders' Equity $ 2025 C 2024 2023 2022 761,000 $ 705,000 $638,000 $ 659,000 44,000 35,000 43,000 57,000 362,000 346,000 332,000 302,000 X o the nearest whole percent. Mission Corporation's trend analysis for net income and
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Compute trend analyses for each item for 2023 - 2025. Use 2022 as the base year and round to the nearest whole percent.
Compute the rate of return on common stockholders equity for a 2023–2025 rounded to three decimal places. 
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Net sales revenue, net income, and common stockholders' equity for Solomon Mission Corporation, a manufacturer of contact lenses, follow for a four-year period.
(Click the icon to view the net sales revenue, net income, and common equity.)
Read the requirements.
Data table
Net Sales Revenue
Net Income
Ending Common Stockholders' Equity
Print
A
$
2025
2023
2022
2024
761,000 $705,000 $638,000 $ 659,000
57,000 44,000
35,000 43,000
362,000 346,000 332,000 302,000
Done
X
o the nearest whole percent.
Mission Corporation's trend analysis for net income and fin
Expert Solution
Step 1 Introduction
The trend percentage helps to compare the current year data with the previous year data or any other base year data. The value of evaluation year us divided by the base year amount to provide trend analysis.
The return on stockholders' equity is calculated as net income divided by average stockholders' equity.
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