Question

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t13-14 (similar to) King Oak Resty's net revenue and net income for the following five-year period, using 2015 as the base year, follow. 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 King Oaks Realty's trend analysis for net revenue, then calculate King Oaks Realty's trend analysis for net income, 2019 2018 2017 2016 2015 Net Revenue $ 1,314,000 $ 1,185,000 $ 1,149,000 $1,001,000 $1,047,000 Trend Percentages 126 % 113 % 110% 96% 100% Net Income $ 121,000 $ 114,000 $ 83,000 $ 74,000 $ 80,000 Trend Percentages % % % % 100% Net Revenue and Net Income 2015 Net Revenue Not Income $ 2019 2018 1,314,000 $ 1,185,000 $ 121,000 114.000 2017 1,149,000 $ 83.000 2016 1.001,000 5 74.000 1,047.000 80.000 Print Done Enter wy number in the fields and then click Check Answer

Answer 1

1.

	2019	2018	2017	2016	2015
Net Revenue	1,314,000	1,185,000	1,149,000	1,001,000	1,047,000
Trend Percentages	126%	113%	110%	96%	100%
Net Income	121,000	114,000	83,000	74,000	80,000
Trend Percentages	151%	143%	104%	93%	100%

Trend percentages = Currents years dollar amount/ Base years dollar amount

2.

Net income grew faster during the period.

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