Question 11: You are reviewing major competitors net Income over the last 5 year period, with a view to understanding and predicting trends in graphic design companies. Company 1 and company 4 are closest geographically to your graphic design company. You want to know if there is a trend over the past five years in the total net income. Company 1 Company 2 Company 3 Company 4 Company 5 2016 Income (C) 810,492 821,464 858,716 727,529 901,253 2017 Income (C) 870,281 822,829 856,212 759,778 908,534 S C 2018 Income (C) 863,425 820,259 858,933 802,407 903,118 2019 Income (C) 865,220 821,412 861,670 812,365 908,869 2020 Income (C) 868,532 823,003 860,244 821,228 910,024
Question 11: You are reviewing major competitors net Income over the last 5 year period, with a view to understanding and predicting trends in graphic design companies. Company 1 and company 4 are closest geographically to your graphic design company. You want to know if there is a trend over the past five years in the total net income. Company 1 Company 2 Company 3 Company 4 Company 5 2016 Income (C) 810,492 821,464 858,716 727,529 901,253 2017 Income (C) 870,281 822,829 856,212 759,778 908,534 S C 2018 Income (C) 863,425 820,259 858,933 802,407 903,118 2019 Income (C) 865,220 821,412 861,670 812,365 908,869 2020 Income (C) 868,532 823,003 860,244 821,228 910,024
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Question 11: You are reviewing major competitors net Income over the last 5 year period, with a view to understanding
and predicting trends in graphic design companies. Company 1 and company 4 are closest geographically to your
graphic design company. You want to know if there is a trend over the past five years in the total net income.
Company 1
Company 2
Company 3
Company 4
Company 5
2016 Income (2)
810,492
821,464
858,715
727,529
901,253
2017 Income (2)
870,281
822,829
856,212
759,778
908,534
3
c
2018 Income (C)
863,425
820,259
858,933
802,407
903,118
2019 Income (C)
865,220
821,412
861,670
812,365
908,869
2020 Income (C)
868,532
823,003
860,244
821,228
910,024](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6bf09cb8-8619-46ea-bbdb-614a00996c5c%2F8e90e004-423f-4130-b03c-b2d7fb8c9ab6%2Fzor38v8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 11: You are reviewing major competitors net Income over the last 5 year period, with a view to understanding
and predicting trends in graphic design companies. Company 1 and company 4 are closest geographically to your
graphic design company. You want to know if there is a trend over the past five years in the total net income.
Company 1
Company 2
Company 3
Company 4
Company 5
2016 Income (2)
810,492
821,464
858,715
727,529
901,253
2017 Income (2)
870,281
822,829
856,212
759,778
908,534
3
c
2018 Income (C)
863,425
820,259
858,933
802,407
903,118
2019 Income (C)
865,220
821,412
861,670
812,365
908,869
2020 Income (C)
868,532
823,003
860,244
821,228
910,024
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