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E13-4A Llle bottom of the income statement. Ct I 6r...

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Accounting

E13-4A image
Llle bottom of the income statement. Ct I 6r Bowden Corporation for the year. Include earnings per PI3-4A. Trend P ercentages Net sales, net income, and total asset figures for Vibrant Controls, Inc., for five LO2 consecutive years are given below (Vibrant manufactures pollution controls) Annual Amounts (Thousands of Dollars) Year 1 Year 2 Year 3 Year 4 Year 5 3,200 Required a. Calculate trend percentages, using Year 1 as the base year. b. Calculate the return on sales for each year. (Rates above 2.8 percent are considered good for manufacturers of pollution controls; rates above 6.4 percent are considered very good.) c. Comment on the results of your analysis

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