Question
The trend analysis report of Marswell, Inc. is given below (in millions): 2019 2018 2017 2016 2015 Net income $650 $602 $460 $403 $401 Trend
The trend analysis report of Marswell, Inc. is given below (in millions):
|
| 2019 | 2018 | 2017 | 2016 | 2015 |
| Net income | $650 | $602 | $460 | $403 | $401 |
| Trend percentages | 162% | 150% | 115% | 100% | 100% |
Which of the following is a correct conclusion from the above analysis?
A) Net income for 2017 has increased by 115% over that for 2015.
B) Net income for 2017 has decreased by 15% over that for 2015.
C) Net income for 2017 has decreased by 115% over that for 2015.
D) Net income for 2017 has increased by 15% over that for 2015. E) none of the above
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
