The trend analysis report of Marswell, Inc. is given below (in millions) 2019 20
ID: 2513218 • Letter: T
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 2015Explanation / 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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