The following data regarding net income (loss) are for Perkins Parts, a medium-sized automotive supplier, for the period 2004–2009.
|
Net Income |
Net Income |
||
|
1989 |
$860 |
1995 |
$4,139 |
|
1990 |
3,835 |
1996 |
4,446 |
|
1991 |
(2,258) |
1997 |
6,920 |
|
1992 |
(7,385) |
1998 |
22,071 |
|
1993 |
2,529 |
1999 |
7,237 |
|
1994 |
5,308 |
2000 |
3,467 |
Using 1989 as the base year, calculate the trend percentages, and comment on the results.