Compute trend percentages for each item

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Question - Analyzing Financial Statements - Net Sales, net income, and total assets for Anbel Shipping Co. for a five-year period are as follows:

(In thousands)

2020

2019

2018

2017

2016

Net Sales

$700

$618

$325

$309

$299

Net Income

41

39

41

34

27

Total Assets

300

262

253

223

201

Required -

1. Compute trend percentages for each item for 2017 through 2020. Using 2016 as the base year and round to the nearest percent.

2. Compute the return on net sales for 2018 through 2020 rounding to three decimal places. Explain what this means.

3. Compute asset turnover for 2018 through 2020. Explain what this means.

4. Compute the return on average total assets (ROA) for 2018 through 2020.

5. How does Anbel Shipping's return on net sales compare with previous years? How does it compare with that of the industry? In the shipping industry, rates above 5% are considered good, and rates above 7% are outstanding.

6. Evaluate 's ROA for 2020, compared with previous years, and against a 15% benchmark for the industry.

Reference no: EM133124899

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