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 |
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Accounting Essentials For Hospitality Managers
Authors: Chris Guilding, Kate Mingjie Ji
4th Edition
1032024321, 9781032024325
