Calculate Beaver's trend analysis for revenues and net income. Use 2016 as the base year, and round to the nearest percent. Begin by calculating Beaver's trend analysis for revenues, then calculate Beaver's trend analysis for net income. (Round to the nearest percent.)

(In millions) 2019 2018 2017 2016

Revenue $9,890 $9,690 $9,135 $8,835

Trend Percentages 108.79% 108.79% 102.20% 100%

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%

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