S 13 -2 (L earn i ng Obj ec tiv e 1: P er f or m t rend analys i s o f sales and ne t i nco m e ) Wi

S13-2 (Learning Objective 1: Perform trend analysis of sales and net income) Witkum, Inc., reported the following sales and net income amounts:

 

 

 

 

 

 

(In thousands)

2012

2011

2010

2009

Sales ………………………

$9,960

$9,260

$8,790

$8,590

Net income……………..

670

500

480

445

 

 

 

 

 

 

Show Witkum’s trend percentages for sales and net income. Use 2009 as the base year.

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