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ACC - Gene Blue Clothing Emporium




Net sales, net income, and total assets for Gene Blue Clothing Emporium for a four-year period follow;(In Thousands) 2010 2009 2008 2007;Net Sales $381 $357 $321 $331;Net income 31 23 16 24;Ending total assets 193 177 165 148;1. Compute trend percentages for each item for 2007 through 2010. Use 2007 as the base year.;2. Compute the rate of return on net sales for 2008 through 2010, rounding to three decimal places. In this industry, rates of 6% are average, rates above 8% are considered good and rates above 10% are viewed as outstanding.;3. How does Gene Blue's return on net sales compare with the industry?


Paper#81626 | Written in 18-Jul-2015

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