Question: Compute trend percentages for Peak Valley Sales & Services total revenue and net income for the following five-year period, using year 0 as the base

Compute trend percentages for Peak Valley Sales & Service€™s total revenue and net income for the following five-year period, using year 0 as the base year. Round to the nearest full percent.

Which grew faster during the period, total revenue or netincome?

(In thousands) Total revenue...$1,400 $1,242 $1,093 $1,001 $1,024 Net income... Year 4 Year 3 Year 2 Year 1 Year 0 180 105 86

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