Question
Hollbrook Corp. reported the following revenues and net income amounts: ( In millions) 2017 2016 2015 2014 Revenue $9,890 $9,690 $9,135 $8,835 Net Income 7,450
Hollbrook
Corp. reported the following revenues and net income amounts:
| ( In millions) | 2017 |
| 2016 |
| 2015 |
| 2014 |
| Revenue | $9,890 |
| $9,690 |
| $9,135 |
| $8,835 |
| Net Income | 7,450 |
| 7,290 |
| 5,340 |
| 4,675 |
Requirements
| 1. | Calculate Hollbrook's trend analysis for revenues and net income. Use 20142014 as the base year, and round to the nearest percent. |
| 2. | Which measure increased faster during 20152015long dash20172017? |
Requirement 1. Calculate
Hollbrook's
trend analysis for revenues and net income. Use
2014
as the base year, and round to the nearest percent.
Begin by calculating
Hollbrook's
trend analysis for revenues, then calculate
Hollbrook's
trend analysis for net income.
| (In millions) | 2017 |
| 2016 |
| 2015 |
| 2014 |
| Revenue | $9,890 |
| $9,690 |
| $9,135 |
| $8,835 |
| Trend Percentages | 112 | % | 110 | % | 103 | % | 100% |
| Net Income | 7,450 |
| 7,290 |
| 5,340 |
| 4,675 |
| Trend Percentages |
| % |
| % |
| % | 100% |
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Understanding Healthcare Financial Management
Authors: Louis C. Gapenski, George H. Pink
6th Edition
1567933629, 9781567933628
