Take a Quiz/Test est: Test Chapters 17 18 19 nis Question: 1 pt The trend analys

Question

Take a Quiz/Test est: Test Chapters 17 18 19 nis Question: 1 pt The trend analysis report of Marshall, Inc. is given below (in millions): Net income Trend percentages 2018 2017 2016 2015 2014 $670 $602 $459 $407 $399 168% 151% 115% 102% 100% Which of the following is a correct conclusion from the above analysis? 0 A. Net income for 2016 has decreased by 1 15% over that for 2014. O B. Net income for 2016 has increased by 1 15% over that for 2014. O c. Net income for 2016 has decreased by 15% over that for 2014 0 D. Net income for 2016 has increased by 15% over that for 2014

Explanation / Answer

Answer is option (D) Net income for 2016 is incresed by 15% over that for 2014 Persentage of Sales (trend) companring to Base year ($459/$ 115% Less: base year Persen tage 100% Differnce 15% for 2016 sales were increse by 15% as compared to sales of 2014

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