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Trend Percentages Net sales, net income, and total asset figures for Vibrant Controls, Inc
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): Net sales Net income Total assets Annual Amounts (Thousands of Dollars) 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 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 2 Year 3 Year 4 Year 5 Net sales Net income Total assets Round answers to 2 decimal places (ex: 0.02345 = 2.35%). Year 1 Year 2 Year 3 Year 4 Return on Sales % % % % Year 5 %
Expert Solution
rate positively .
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |||
| net sales | 71,500 | 79,800 | 84,250 | 88,400 | 94,700 | ||
| Net income | 3,200 | 3,650 | 3,900 | 4,160 | 4,790 | ||
| Total asset | 42,500 | 45,400 | 48,700 | 51,000 | 54,900 | ||
| Ans a) | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | ||
| net sales | 100.0% | 111.6% | 117.8% | 123.6% | 132.4% | ||
| Net income | 100.0% | 114.1% | 121.9% | 130.0% | 149.7% | ||
| Total asset | 100.0% | 106.8% | 114.6% | 120.0% | 129.2% | ||
| Ans b) | ROA = Net incom/Net sales | ||||||
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |||
| Return on sales | 4.48% | 4.57% | 4.63% | 4.71% | 5.06% |
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