Bs, Nound percentage changes to one decimpiacc 2. Why did 2016 net income increa

Question

Bs, Nound percentage changes to one decimpiacc 2. Why did 2016 net income increase by a higher percentage than net sales revenue tive 2 ED-16 Computing trend analysis 166% using 2013 as the base year, follow: 2017 2016 2015 2014 2013 Net Revenue 1,315,000 Net Income 1,188,000 1,160,000 1,011,000 $1,038,000 76,000 126,000 115,000 82,000 77,000 Requirements 1. Compu ate a trend analysis for net revenue and net income. Round to the nearest full percent. 2. Which grew faster during the period, net revenue or net income?

Explanation / Answer

1.

We will take 2013 figures as base and will calculate Trend accordingly.

Trend = Current Year amount / Base year amount (i.e. 2013 in our case)

2017

2016

2015

2014

2013

Net Revenue

126.69%

114.45%

111.75%

97.4%

100%

Net Income

165.79%

151.32%

107.89%

101.32%

100%

2.

As we can see that Net income has increased to 165.79% whereas Net revenue increased to 126.69%.

So Net income has increased faster than Net revenue

2017

2016

2015

2014

2013

Net Revenue

126.69%

114.45%

111.75%

97.4%

100%

Net Income

165.79%

151.32%

107.89%

101.32%

100%

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