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Magic Oaks Realty's net revenue and net income for the following five-year period, using 2010 as the base year, follow:

Question:

Magic Oaks Realty's net revenue and net income for the following five-year period, using 2010 as the base year, follow:


2013 2011 2014 2010 2012 $1,310,000 $1,187,000 $1,110,000 $1,011,000 $1,045,000 84,000 Net revenuc 122,000 83,000 Net in


Requirements
1. Compute trend analysis for net revenue and net income. Round to the nearest full percent.
2. Which grew faster during the period, net revenue or netincome?

Transcribed Image Text:

2013 2011 2014 2010 2012 $1,310,000 $1,187,000 $1,110,000 $1,011,000 $1,045,000 84,000 Net revenuc 122,000 83,000 Net income 72,000

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Req 1 Trend percentages 2014 2013 2012 2011 2…View the full answer


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Related Book For  answer-question
Financial and Managerial Accounting

Financial and Managerial Accounting

ISBN: 978-0132497978

3rd Edition

Authors: Horngren, Harrison, Oliver

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Question Details
Chapter # 15
Section: Short Exercises
Problem: 14
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Question Posted: December 16, 2011 05:40:21
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