Trend percentages form of horizontal analysis indicate the direction a business is taking over a longer period of time computed by selecting a base year and comparing each subsequent year to the base year Base year amounts are set equal to 100%. Trend % = Any year dollars Base year dollars Thousand Oaks Realty reports the following for the past five years: (in thousands) 2011 2010 2009 Net revenue $1,323 $1,197 $1,113 Net income $174 $162 $114 2008 $1,008 $102 2007 $1,050 $120 Compute trend percentages for each year: 2011 2010 2009 2008 2007 Net revenue Net income Which grew faster, net revenue or net income