Magic Oaks Realty's net revenue and profit for a 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 Profit 122 000 113 000 84 000 72 000 83 000 Requirements 1 Carry out trend analysis for net revenue and profit. Round to the nearest full percentage point. 2 Which grew faster during the period, net revenue or profit?

Magic Oaks Realty's net revenue and profit for a 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 Profit 122 000 113 000 84 000 72 000 83 000 Requirements 1 Carry out trend analysis for net revenue and profit. Round to the nearest full percentage point. 2 Which grew faster during the period, net revenue or profit?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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