Compute trend percentages for Andover Valley Sales & Services total revenue and net income for the following

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Compute trend percentages for Andover Valley Sales & Services total revenue and net income for the following five-year period, using year 0 as the base year. Round to the nearest full percent.

Which grew faster during the period, total revenue or netincome?

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Financial accounting

ISBN: 978-0136108863

8th Edition

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

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Question Posted: Dec 10, 2012 05:04 AM

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Compute trend percentages for Andover Valley Sales & Services total revenue and net income for the following

Question:

(in thousands) Year 4 Year3 Year 2 Year1 Year 0 Total revenue$1,433 $1,251 1,067 $1,008 $1,022 Net income 120 112 81 69 83

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Trend percentages Year 4 Year 3 Year 2 ...View the full answer

Financial accounting

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