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The trend analysis report of Poplar, Inc. is given below (in millions): 2019 2018 2017 2016 2015 Net income $700 $606 $459 $406 $400 Trend
The trend analysis report of Poplar, Inc. is given below (in millions):
| 2019 | 2018 | 2017 | 2016 | 2015 | |
| Net income | $700 | $606 | $459 | $406 | $400 |
| Trend percentages | 175% | 152% | 115% | 102% | 100% |
Which of the following is a correct conclusion from the above analysis?
| a. Net income for 2018 decreased by 152% from 2017. | ||
| b. Net income for 2019 increased by 175% from 2018. | ||
| c. Net income for 2019 is 175% of net income for 2015. | ||
| d. Net income for 2018 is 152% of the previous year. |
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