Below are net sales and net income data for a five-year period. Requirements 1. Compute trend percentages
Question:
Below are net sales and net income data for a five-year period.
Requirements
1. Compute trend percentages for net sales and net income for the five-year period, using year 1 as the base year. Round to the nearest percent.
2. Which grew faster during the period: net sales or net income?
Transcribed Image Text:
Year 2 Year 3 Year 1 $220,000 67,500 Year 5 Year 4 $228,800 Net Sales. Net Income $233,200 77,600 $226,600 68,200 $237,600 81,700 70,200
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