Question
The trend analysis report of Doppler Inc. is given below: (In millions) 2017 2016 2015 2014 2013 Net income $650 $602 $456 $403 $398 Trend
The trend analysis report of Doppler Inc. is given below:
| (In millions) | 2017 | 2016 | 2015 | 2014 | 2013 |
| Net income | $650 | $602 | $456 | $403 | $398 |
| Trend percentages | 163 | 151 | 115 | 101 | 100 |
Which of the following is a correct conclusion from the above analysis?
| A. Net income for the year 2016 is 151% of previous year. | ||
| B. Net income for the year 2016 is 151% of that for the year 2013. | ||
| C. Net income for the year 2017 increased by 163% from 2016. | ||
| D. Net income for the year 2016 decreased by 151% from 2015. |
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Sound Investing, Chapter 23 - Internal Control
Authors: Kate Mooney
1st Edition
0071719458, 9780071719452
