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ABC Company reports the following trend percentages for net income: Year Trend Percentage 2015 100% 2016 135% 2017 169% 2018 101% 2019 78% Given the

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ABC Company reports the following trend percentages for net income: Year Trend Percentage 2015 100% 2016 135% 2017 169% 2018 101% 2019 78% Given the above data, which statement is FALSE assuming 2015 is the base year? Net income is lower in 2019 than in 2015. Net income is higher in 2019 than in 2015. When compared to 2017 net income is falling in 2018. Net income is increasing in 2016 and 2017

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