Question
The trend analysis report of Poplar, Inc. is given below (in millions): 2025 2024 2023 2022 2021 Net income $690 $606 $456 $403 $400 Trend
The trend analysis report of Poplar, Inc. is given below (in millions):
| 2025 | 2024 | 2023 | 2022 | 2021 | |
| Net income | $690 | $606 | $456 | $403 | $400 |
| Trend percentages | 173% | 152% | 114% | 101% | 100% |
Which of the following is a correct conclusion from the above analysis?
| Net income for 2025 increased by 173% from 2024. | ||
| Net income for 2025 is 173% of net income for 2021. | ||
| Net income for 2024 is 152% of the previous year. | ||
| Net income for 2024 decreased by 152% from 2023. |
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
5th edition
978-1259317552, 1259317552, 978-0078025600, 78025605, 978-1259335013, 1259335011, 978-1259347641
