Jolie Foster Care Homes Inc. shows the following data: Year Net Income Total Assets Stockholders' Equity Total Debt 20X1 $ 155,000 $ 2,390,000 $ 761,000 $ 1,629,000 20X2 191,000 2,700,000 966,000 1,734,000 20X3 208,000 2,730,000 1,770,000 960,000 20X4 192,000 2,470,000 2,220,000 250,000 compute the ratio of net...

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Jolie Foster Care Homes Inc. shows the following data:

Year Net Income Total
Assets Stockholders'
Equity Total Debt
20X1 $ 155,000 $ 2,390,000 $ 761,000 $ 1,629,000
20X2 191,000 2,700,000 966,000 1,734,000
20X3 208,000 2,730,000 1,770,000 960,000
20X4 192,000 2,470,000 2,220,000 250,000
compute the ratio of net income to total assets for each year.round to 2 decimal place and compute the ratio of net income tostockholders equity for each year.

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	Net income/Total assets	Net income/Stockholders' equity
20X1	0.06	0.20
20X2	0.07	0.20
20X3	0.08	0.12
20X4	0.08	0.09

	Net income/Total assets	Net income/Stockholders' equity
20X1	=155000/2390000	=155000/761000
20X2	=191000/2700000	=191000/966000
20X3	=208000/2730000	=208000/1770000
20X4	=192000/2470000	=192000/2220000

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Jolie Foster Care Homes Inc. shows the following data: YearNet IncomeTotalAssetsStockholders'EquityTotal Debt20X1$155,000$2,390,000$761,000$1,629,00020X2191,0002,700,000966,0001,734,00020X3208,0002,730,0001,770,000960,00020X4192,0002,470,0002,220,000250,000compute the ratio of net income to total assets for each year.round to 2 decimal place and compute the ratio of net income tostockholders equity for each year.

Year	Net Income		Total Assets		Stockholders' Equity		Total Debt
20X1	$	155,000	$	2,390,000	$	761,000	$	1,629,000
20X2		191,000		2,700,000		966,000		1,734,000
20X3		208,000		2,730,000		1,770,000		960,000
20X4		192,000		2,470,000		2,220,000		250,000