Question
Realty's net revenue and net income for the following five-year period, using 2015 as the base year, follow: 2019 2018 2017 2016 2015 Net Revenue
Realty's net revenue and net income for the following five-year period, using
2015
as the base year, follow:
|
| 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| Net Revenue | $1,370,000 | $1,184,000 | $1,143,000 | $1,005,000 | $1,046,000 |
| Net Income | 122,000 | 112,000 | 91,000 | 69,000 | 79,000 |
(Click the icon to view net revenue and net income for the five years.)
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? |
Requirement 1. Compute a trend analysis for net revenue and net income. Round to the nearest full percent.
Begin by calculating
Majestic Oaks
Realty's trend analysis for net revenue, then calculate
Majestic Oaks
Realty's trend analysis for net income.
|
| 2019 |
| 2018 |
| 2017 |
| 2016 |
| 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Net Revenue | $1,370,000 |
| $1,184,000 |
| $1,143,000 |
| $1,005,000 | $1,046,000 | |
| Trend Percentages |
| % |
| % |
| % |
| % | 100% |
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
