Question
Regal Oaks Realty's net revenue and net income for the following five-year period, using 2015 as the base year, follow: 1. Compute a trend analysis
Regal Oaks Realty's net revenue and net income for the following five-year period, using
2015 as the base year, follow:
| 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? |
Net Revenue and Net Income
|
| 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| Net Revenue | $1,310,000 | $1,186,000 | $1,145,000 | $1,006,000 | $1,046,000 |
| Net Income | 126,000 | 115,000 | 84,000 | 70,000 | 79,000 |
Requirement 1. Compute a trend analysis for net revenue and net income. Round to the nearest full percent.
Begin by calculating Regal Oaks Realty's trend analysis for net revenue, then calculate Regal Oaks
Realty's trend analysis for net income.
|
| 2019 |
| 2018 |
| 2017 |
| 2016 |
| 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Net Revenue | $1,310,000 |
| $1,186,000 |
| $1,145,000 |
| $1,006,000 | $1,046,000 | |
| Trend Percentages |
| % |
| % |
| % |
| % | 100 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
