HOW WAS THESE ANSWERS % FOUND? Data Table ( In millions) 2019 2018 2017 2016 Revenue $ 9,575 $ 9,300 $ 8,975 $ 8,475 Net Income 7,150 6,660 4,980 4,290 Requirements 1

Accounting Aug 20, 2020

HOW WAS THESE ANSWERS % FOUND?

Data Table
( In millions)
	
2019
	
2018
	
2017
	
2016


Revenue
	
$
9,575
	
$
9,300
	
$
8,975
	
$
8,475


Net Income
	
7,150
	
6,660
	
4,980
	
4,290

Requirements
1.Calculate Milatin?'s trend analysis for revenues and net income. Use 
2016 as the base? year, and round to the nearest percent.

2.Which measure increased at a higher rate during 2017—2019??

Expert Solution

1). Please see the attachment:

2). Net income is increased at a higher rate during 2017—2019

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