Question
Test:Test IV - Chapters 16 and 17 Question 18 This Test: 160 pts possible Submit Test Splendid Oaks Realty's net revenue and net income for
Test:Test IV - Chapters 16 and 17
Question 18
This Test: 160 pts possible
Submit Test
Splendid Oaks
Realty's net revenue and net income for the following five-year period, using
2015
as the base year, follow:
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(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
Splendid Oaks
Realty's trend analysis for net revenue, then calculate
Splendid Oaks
Realty's trend analysis for net income.
|
| 2019 |
| 2018 |
| 2017 |
| 2016 |
| 2015 |
| Net Revenue | $1,380,000 |
| $1,186,000 |
| $1,150,000 |
| $1,005,000 | $1,038,000 | |
| Trend Percentages |
| % |
| % |
| % |
| % | 100% |
| Net Income | $130,000 | $111,000 | $85,000 | $69,000 | $73,000 | ||||
| Trend Percentages |
| % |
| % |
| % |
| % | 100% |
Requirement 2. Which grew faster during the period, net revenue or net income?
Net income
Net revenue
grew at a faster rate.
Enter any number in the edit fields and then continue to the next question.
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College Accounting Chapters 1-30
Authors: David Haddock, John Price, Michael Farina
16th Edition
1260247902, 978-1260247909
