(In millions) 2019 2018 2016 2017 Revenue $ 9,610 $ 9,355 6,790 $ 9,050 5,020 $ 8,950 4,300 Net Income 7,290

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter13: Tax Credits And Payment Procedures
Section: Chapter Questions
Problem 25P: LO.2 Oak Corporation has the following general business credit carryovers. If the general business...
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Calculating trend analysis

Muscateer Corp reported the following revenues and net income amounts:

Requirements

  1. Calculate Muscateer’s trend analysis for revenues and net income Use 2016 as the base year and round to the nearest percent.
  2. Which measure increased at a higher rate during 2017-2019?

 

(In millions)
2019
2018
2016
2017
Revenue
$ 9,610
$ 9,355
6,790
$ 9,050
5,020
$ 8,950
4,300
Net Income
7,290
Transcribed Image Text:(In millions) 2019 2018 2016 2017 Revenue $ 9,610 $ 9,355 6,790 $ 9,050 5,020 $ 8,950 4,300 Net Income 7,290
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT