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Please Refer to the Following Trend Analysis of Pathways Company

Question 12

Multiple Choice

Please refer to the following trend analysis of Pathways Company:
201520142013201220112010 Net sales $4,970$4,500$3,980$3,270$4,750$4,400 Percentages 113.0%102.3%90.5%74.3%108.0%100.0%\begin{array} { | l | r | r | r | r | r | r | } \hline & 2015 & 2014 & 2013 & 2012 & 2011 & 2010 \\\hline \text { Net sales } & \$ 4,970 & \$ 4,500 & \$ 3,980 & \$ 3,270 & \$ 4,750 & \$ 4,400 \\\hline \text { Percentages } & 113.0 \% & 102.3 \% & 90.5 \% & 74.3 \% & 108.0 \% & 100.0 \% \\\hline\end{array}
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Which of the following is a correct conclusion from the above analysis?


A) Net sales in 2014 were equal 102.3% of net sales for the previous year.
B) Net sales in 2014 were up 2.3% over the previous year.
C) Net sales in 2014 were 2.3% higher than 2010 net sales.
D) Net sales in 2014 were down 90.5% from year 2010.

Correct Answer:

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