ED-16 Computing trend analys

Magic Oaks Realtys net revenue and net income for the following five year period, using 2012 as the base year, follow:

2016 2015 2014 2013 2012

Net Revenue $ 1,310,000 $ 1,187,000 $ 1,110,000 $ 1,011,000 $ 1,045,000

Net Income 122,000 113,000 84,000 72,000 83,000

Requirements

1. Compute 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?