Question
McCormick Corp. reported the following revenues and net income amounts: (Click the icon to view the amounts.) Read the requirements. Requirement 1. Calculate McCormick's trend
McCormick Corp. reported the following revenues and net income amounts: (Click the icon to view the amounts.) Read the requirements. Requirement 1. Calculate McCormick's trend analysis for revenues and net income. Use 2022 as the base year, and round to the nearest percent. Begin by calculating McCormick's trend analysis for revenues, then calculate McCormick's trend analysis for net income. (Round to the nearest percent.) (In millions) 2024 2025 2023 2022 Revenue $ 9,610 $ 9,355 $ 9,050 $ 8,950 Trend Percentages 107 % 105 % 101 % 100% Net Income 7,290 6,790 5,020 4,300 Trend Percentages % % % 100% Data Table (In millions) 2025 2024 2023 2022 Revenue $ 9,610 $ 9,355 $ 9,050 $ 8,950 Net Income 7,290 6,790 5,020 4,300 Print Done i Requirements 1. Calculate McCormick's trend analysis for revenues and net income. Use 2022 as the base year, and round to the nearest percent. 2. Which measure increased at a higher rate during 2023-2025? Print Done
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