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ED-16 Computing trend analysis Grand Oaks Realty's net revenue and net income for the following five-year period, using 2013 as the base year, follow 2017
ED-16 Computing trend analysis
Grand Oaks Realty's net revenue and net income for the following five-year period, using 2013 as the base year, follow"
2017 | 2016 | 2015 | 2014 | 2013 | |
Net Revenue | $1,315,000 | $1,188,000 | $1,160,000 | $1,011,000 | $1,038,000 |
Net Income | 126,000 | 115,000 | 82,000 | 77,000 | 76,000 |
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?
*hint: 2017 Net Income 166%
Please list the step by step process, thank you
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