Compute trend percentages for net sales and net income for the following five-year period, using year 1 as the base year:

Requirement
Which grew faster during the period, net sales or net income?

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R. Hanson, Inc Comparative Income Statement Years Ended December 31, 2014 and 2013 2014 2013 Revenue Expenses Cost of Goods Sold Selling and General Expenses Interest Expense Income lax Expense lotal Expenses Net Income $492,000 447,600 242,000 117,600 8,000 50,500 418,100 73,900 226,000 111,600 5,000 44,600 387,200 60,400