QUESTION
Acc350
Managerial Accounting: ED-16 Magic Oaks Realtyâs net revenue and net income
Acc350
Managerial Accounting
ED-16
Computing trend analysis
ED-16 Magic
Oaks Realtyâs net revenue and net income for the following five-year period,
using 2012 as the base year, follow:
2016
2015 2014 2013 2012
Net
Revenue 1,310,000 1,187,000 1,110,000 1,011,000 1,045,000
Net
Income 122,000 113,000 84,000 72,000 83,000
Requirements
1. Compute 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?
ANSWER:
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