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Given the Following By Trend Analysis (Base Year Is 2015), Sales in 2017

Question 58

Multiple Choice

Given the following: 201520162017 Sales $400,000$350,000$470,000 Gross Profit 100,000130,000140,000 Net Income $300,000$220,000$230,000\begin{array} { | c | c | c | c | } \hline & 2015 & 2016 & 2017 \\\hline \text { Sales } & \$ 400,000 & \$ 350,000 & \$ 470,000 \\\hline \text { Gross Profit } & - 100,000 & - 130,000 & - 140,000 \\\hline \text { Net Income } & \$ 300,000 & \$ 220,000 & \$ 230,000 \\\hline\end{array} By trend analysis (base year is 2015) , sales in 2017 to the nearest percent of the base year is:


A) 117%
B) 116%
C) 118%
D) 119%
E) None of these

Correct Answer:

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