Requirements 1. Compute trend percentages for each item for 2013 through 2016. U

Question

Requirements 1. Compute trend percentages for each item for 2013 through 2016. Use 2013 as the base year the return on assets for 2014, 2015, and 2016, rounding to three decimal places Construction's main competitor had a return on assets of just under 40 percent for the years 2014, 2015, and 2016. How does Petite Construction, Inc's return on assets compare with its main compettor? e trend percentages for each item for 2013 through 2016 Use 2013 as the base year (Round to the nearest whole percent, X%) Inc. Trend Percentages 2016 2015 2014 2013 i Data Table Net income 2015 2014 2013 5 389.000 s 364,000 5 326,000 333.000 117,000 90,000 75,000 81,000 Net income Print Done

Explanation / Answer

PETITE CONSTRUCTIONS, INC.- TREND PERCENTAGES

ITEMS 2016 2015 2014 2013 Net sales (389,000 / 333,000) * 100 = 117% (364,000 / 333,000) * 100 = 109% (326,000 / 333,000) * 100 = 98% 100% Net Income (117,000 / 81,000) * 100 = 144% (90,000 / 81,000) * 100 = 111% (75,000 / 81,000) * 100 = 93% 100% Total Assets (278,000 / 210,000) * 100 = 132% (242,000 / 210,000) * 100 = 115% (236,000 / 210,000) * 100 = 112% 100%

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