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Question 2 Compute trend percentages for Flash Corporation total revenue and net income for the following five-year period, using year 0 as the base year.

Question 2

Compute trend percentages for Flash Corporation total revenue and net income for the following five-year period, using year 0 as the base year. Round to the nearest full percent.

Please provide step by step in order to better undestand the process.

(in thousands)

Year 4

Year 3

Year 2

Year 1

Year 0

Total revenue

1629

1316

$1214

$1101

$1121

Net income

129

109

97

84

87

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