Acc350 Managerial Accounting: ED-16 Magic Oaks Realtyâ??s net revenue and net income Acc350 Manageri

Acc350
Managerial Accounting: ED-16 Magic Oaks Realty’s net revenue and net income

Acc350
Managerial Accounting

ED-16
Computing trend analysis

ED-16 Magic
Oaks Realty’s 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?