Compute trend percentages
Response to the following problem:
Compute trend percentages for Overland Valley Sales & Service's total revenue and net income for the following five-year period, using year 0 as the base year. Round to the nearest full percent.
|
(In thousands)
|
Year 4
|
Year 3
|
Year 2
|
Year 1
|
Year 0
|
|
Total revenue...................
|
$1,365
|
$1,242
|
$1,102
|
$1,001
|
$1,024
|
|
Net income.......................
|
128
|
109
|
105
|
97
|
86
|
Which grew faster during the period, total revenue or net income?