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.) 2020 2019 2018 2017 2016 Net revenue. . . . . . % % % % % Net income. . . . . . . % % % % % Data table (in thousands) 2020 2019 2018 2017 2016 Net revenue. . . . . . $1,271 $1,148 $1,066 $943 $1,025 Net income. . . . . . . $180 $16
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.) 2020 2019 2018 2017 2016 Net revenue. . . . . . % % % % % Net income. . . . . . . % % % % % Data table (in thousands) 2020 2019 2018 2017 2016 Net revenue. . . . . . $1,271 $1,148 $1,066 $943 $1,025 Net income. . . . . . . $180 $16
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
|
|
2018
|
|
2017
|
|
2016
|
|
|---|---|---|---|---|---|---|---|---|---|---|
|
Net revenue. . . . . .
|
|
%
|
|
%
|
|
%
|
|
%
|
|
%
|
|
Net income. . . . . . .
|
|
%
|
|
%
|
|
%
|
|
%
|
|
%
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Data table
|
(in thousands)
|
2020
|
2019
|
2018
|
2017
|
2016
|
|---|---|---|---|---|---|
|
Net revenue. . . . . .
|
$1,271
|
$1,148
|
$1,066
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$943
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$1,025
|
|
Net income. . . . . . .
|
$180
|
$168
|
$126
|
$96
|
$120
|
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