Cedar Valley Sales & Service's total revenue and net income for a five-year period follows 囲(Click on the icon to view the data.) Requirement 1.Calculate trend percentages for Cedar Valley Sales & Service's total revenue and net income for the five-year period, using year 0 as the base year. Round to the nearest full percent. Which grew faster during the period, total revenue or net income? Year 4 Year 3 Year 2 Year 1 Year 0 Total revenue Net income Data Table Year 4 Year 3 Year 2 Year 1 Year 0 (In thousands) Total revenue Net income 1,302 172 $1,975 $ 1,725 $1,630$ 1,462 $ 256 225 196 180 Print Done
Cedar Valley Sales & Service's total revenue and net income for a five-year period follows 囲(Click on the icon to view the data.) Requirement 1.Calculate trend percentages for Cedar Valley Sales & Service's total revenue and net income for the five-year period, using year 0 as the base year. Round to the nearest full percent. Which grew faster during the period, total revenue or net income? Year 4 Year 3 Year 2 Year 1 Year 0 Total revenue Net income Data Table Year 4 Year 3 Year 2 Year 1 Year 0 (In thousands) Total revenue Net income 1,302 172 $1,975 $ 1,725 $1,630$ 1,462 $ 256 225 196 180 Print Done
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Cedar Valley Sales & Service's total revenue and net income for a five-year period follows
囲(Click on the icon to view the data.)
Requirement
1.Calculate trend percentages for Cedar Valley Sales & Service's total revenue and net income for the five-year period, using year 0 as the base year. Round to the nearest full percent. Which grew faster during the period, total revenue or net income?
Year 4
Year 3
Year 2
Year 1
Year 0
Total revenue
Net income
Data Table
Year 4
Year 3
Year 2
Year 1
Year 0
(In thousands)
Total revenue
Net income
1,302
172
$1,975 $ 1,725 $1,630$ 1,462 $
256
225
196
180
Print
Done
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