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 % 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.
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Financial Shenanigans
Authors: Howard Schilit
2nd Edition
0071386262, 9780071386265
