E15-14 Computing trend analysis [5–10 min]
Magic Oaks Realty’s net revenue and net income for the following five-year period,
using 2010 as the base year, follow:
2014 2013 2012 2011 2010
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?
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