Question
Corp. reported the following revenues and net income amounts: ( In millions) 2017 2016 2015 2014 Revenue $9,780 $9,675 $9,075 $8,975 Net Income 7,410 7,100
Corp. reported the following revenues and net income amounts:
| ( In millions) | 2017 |
| 2016 |
| 2015 |
| 2014 |
| Revenue | $9,780 |
| $9,675 |
| $9,075 |
| $8,975 |
| Net Income | 7,410 |
| 7,100 |
| 5,200 |
| 4,670 |
Requirements
| 1. | Calculate McCormickMcCormick's trend analysis for revenues and net income. Use20142014 as the base year, and round to the nearest percent. |
| 2. | Which measure increased faster during 20152015long dash20172017? |
Requirement 1. Calculate
McCormickMcCormick's
trend analysis for revenues and net income. Use
20142014
as the base year, and round to the nearest percent.Begin by calculating
McCormickMcCormick's
trend analysis for revenues, then calculate
McCormickMcCormick's
trend analysis for net income.
| (In millions) | 2017 |
| 2016 |
| 2015 |
| 2014 |
| Revenue | $9,780 |
| $9,675 |
| $9,075 |
| $8,975 |
| Trend Percentages |
| % |
| % |
| % | 100 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Guidelines For Laboratory Quality Auditing
Authors: Donald C. Singer, Ronald P. Upton
1st Edition
0824787846, 978-0824787844
