Compute trend percentages for Flash Corporation total revenue and net income for the following five-year period,...
Compute trend percentages for Flash Corporation total revenue and net income for the following five-year period, using year 0 as the base year. Round to the nearest full percent.
|
(in thousands) |
Year 4 |
Year 3 |
Year 2 |
Year 1 |
Year 0 |
|
Total revenue |
1629 |
1316 |
$1214 |
$1101 |
$1121 |
|
Net income |
129 |
109 |
97 |
84 |
87 |
Homework Answers
| Year | Total revenue | Trend Percentage of total revenue | Net income | Trend percentage of net income |
| 0 | 1,121 | 100% | 87 | 100% |
| 1 | 1,101 | 1,101/1,121 = 98% | 84 | 84/87 = 97% |
| 2 | 1,214 | 1,214/1,121 = 108% | 97 | 97/87 = 111% |
| 3 | 1,316 | 1,316/1,121 = 117% | 109 | 109/87 = 125% |
| 4 | 1,629 | 1,629/1,121 = 145% | 129 | 129/87 = 148% |
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