Cedar Valley Sales & Service's total revenue and net income for a five-year period follows囲(Click on the icon to view the data.)Requirement1.Calculate trend percentages for Cedar Valley Sales & Service's total revenue and net income for the 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 net income?Year 4Year 3Year 2Year 1Year 0Total revenueNet incomeData TableYear 4Year 3Year 2Year 1Year 0(In thousands)Total revenueNet income1,302172$1,975 $ 1,725 $1,630$ 1,462 $256225196180PrintDone

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Asked Nov 26, 2018
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Cedar Valley Sales & Service's total revenue and net income for a five-year period follows
囲(Click on the icon to view the data.)
Requirement
1.Calculate trend percentages for Cedar Valley Sales & Service's total revenue and net income for the 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 net income?
Year 4
Year 3
Year 2
Year 1
Year 0
Total revenue
Net income
Data Table
Year 4
Year 3
Year 2
Year 1
Year 0
(In thousands)
Total revenue
Net income
1,302
172
$1,975 $ 1,725 $1,630$ 1,462 $
256
225
196
180
Print
Done
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Cedar Valley Sales & Service's total revenue and net income for a five-year period follows 囲(Click on the icon to view the data.) Requirement 1.Calculate trend percentages for Cedar Valley Sales & Service's total revenue and net income for the 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 net income? Year 4 Year 3 Year 2 Year 1 Year 0 Total revenue Net income Data Table Year 4 Year 3 Year 2 Year 1 Year 0 (In thousands) Total revenue Net income 1,302 172 $1,975 $ 1,725 $1,630$ 1,462 $ 256 225 196 180 Print Done

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Expert Answer

Step 1

To prepare: The trend percentage for total revenue and net income for the five year period.

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Step 2

The trend percentage is computed by dividing the given analysis value of the year with the amount of the base year. 

Base year is taken as the Year 0

For Base  Year, the trend percentage value is always 100% .

Begging with Total Revenue trend computation,

Year 0=1302/1302=100%

Year 1=1462/1302=112%

Year 2=1630/1302=125%

Year 3=1725/1302=132%

Year 4=1975/1302=152%

 

 

 

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Step 3

Simlarly,net income trend percentage can be computed by as follows

Year 0=172/172=100%

Year 1=180/172=105%

Year ...

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