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Assistance with this question Royal Oaks Realty's net revenue and net income for the following five-year period, using 2015 as the base year, follow: E
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Royal Oaks Realty's net revenue and net income for the following five-year period, using 2015 as the base year, follow: E (Click the icon to view net revenue and net income for the five years.) Requirements 1. Compute a trend analysis for net revenue and net income. Round to the nearest full percent. 2. Which grew faster during the period, net revenue or net income? Requirement 1. Compute a trend analysis for net revenue and net income. Round to the nearest full percent. Begin by calculating Royal Oaks Realty's trend analysis for net revenue, then calculate Royal Oaks Realty's trend analysis for net income. 2019 2018 2017 2016 2015 - X Net Revenue and Net Income Net Revenue $ 1,314,000 $ 1,184,000 $ 1,143,000 $ 1,001,000 $1,045,000 Trend Percentages % % % % 100% Net Income $ 124,000 $ 119,000 $ 81,000 $ 78,000 $ 75,000 2019 2018 2017 2016 2015 Trend Percentages % % % % 100% Net Revenue 1,045,000 Requirement 2. Which grew faster during the period, net revenue or net income? $ 1,314,000 $ 1,184,000 $ 1,143,000 $ 1,001,000 $ 124,000 119,000 81,000 78,000 Net Income 75,000 grew at a faster rate. Print Done Enter any number in the edit fields and then continue to the nextStep by Step Solution
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