The trend analysis report of Marswell, Inc. is given below (in millions) 2019 20

Question

The trend analysis report of Marswell, Inc. is given below (in millions) 2019 2018 2017 20162015 $690 $604 $470 $404$398 173% 152% 118% 102% 100% Net income Trend percentages Which of the following is a correct conclusion from the above analysis? A. OB, () C. OD. Net income for 2017 has decreased by 1 18% over that for 2015. Net income for 2017 has increased by 1 18% over that for 2015 Net income for 2017 has decreased by 18% over that for 2015. Net income for 2017 has increased by 18% over that for 2015

Explanation / Answer

2017 income = 118%

2015 income = 100%

increase in net income = 118-100 = 18%

Answer is (D) net income for 2017 is increased by 18% over 2015.

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