FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Compute trend percentages forRolling Hills Realtors' net revenue and net income for the following five-year period, using 2016 as the base year. Which grew faster during the period, net revenue or net income? Enter trend percentage values for net revenue and net income in the table below. (Enter the results as a percentage.)
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2020
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2019
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2018
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2017
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2016
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---|---|---|---|---|---|---|---|---|---|---|
Net revenue. . . . . .
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%
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%
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%
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%
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%
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Net income. . . . . . .
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%
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%
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%
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%
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%
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Data table
(in thousands)
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2020
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2019
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2018
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2017
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2016
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---|---|---|---|---|---|
Net revenue. . . . . .
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$1,271
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$1,148
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$1,066
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$943
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$1,025
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Net income. . . . . . .
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$180
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$168
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$126
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$96
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$120
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