Answer:
See explanation section
Explanation:
Trend percentage calculation = (Current year ÷ Base year) × 100
As 2016 is the base year, the trend percentage is 100% for both revenues and net income.
Trend Percentage for 2017: Revenues = ($9,135 ÷ $8,835) × 100 = 103.40%
Net income = ($5,495 ÷ $4,690) × 100 = 117.16%
Trend Percentage for 2018; Revenues = ($9,690 ÷ $8,835) × 100 = 109.68%
Net income = ($7,400 ÷ $4,690) × 100 = 157.78%
Trend Percentage for 2019; Revenues = ($9,890 ÷ $8,835) × 100 = 111.94%
Net income = ($7,475 ÷ $4,690) × 100 = 159.38%