E12-17A. (Learning Objective 1: Computing trend percentages) Compute trend percentages for Palm Valley Sales & Service’s 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 net income?

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(In thousands) Year 4 Year 3 Year 2 Year 1 Year 0 Total revenue.............. Net income $1,441 $1,226 $1,122 $1,122 $1,018 $1,018 $1,040 106 101 88 75 90