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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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