Below are net sales and net income data for a five-year period. (Click the icon

Question

Below are net sales and net income data for a five-year period. (Click the icon to view net sales and net income data.) Requirements 1. Compute trend percentages for net sales and net income for the five-year period, using year 1 as the base year. Round to the nearest percent. 2. Which grew faster during the period: net sales or net income? Requirement 1, Compute trend percentages for net sales and net income for the five-year period, using year 1 as the base year. (Round to the nearest whole percent, X%.) Year 4 Year 2 Net sales Net income Data Table Year 5 Year 4 Year 3 Year 2 Year 1 Net income 72,450 69,300 64,260 62,370 63,000 Print Done

Explanation / Answer

1) Trend percentage :

2) Net income grew faster during the year

Year 5 Year 4 Year 3 Year 2 Year 1 Net sales 104% 104% 102% 101% 100% Net income 115% 110% 102% 99% 100%

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