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

Below are net sales and net income data for a five-year period. Year 1 Year 4 $293,300 71,100 Year 3 $270,300 Year 2 Year 5 Net Sales. Net Income $252,500 $255,000 64,000 $313,700 65,3

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?

Year 1 Year 4 $293,300 71,100 Year 3 $270,300 Year 2 Year 5 Net Sales. Net Income $252,500 $255,000 64,000 $313,700 65,300 62,100 76,200

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