The trend analysis report of Marswell,Inc.is given below (in millions): Which of the following is a correct conclusion from the above analysis?
A)Net income for 2017 has increased by 115% over that for 2015.
B)Net income for 2017 has decreased by 15% over that for 2015.
C)Net income for 2017 has decreased by 115% over that for 2015.
D)Net income for 2017 has increased by 15% over that for 2015.

Question

The trend analysis report of Marswell,Inc.is given below (in millions):  Which of the following is a correct conclusion from the above analysis?
A)Net income for 2017 has increased by 115% over that for 2015. 
B)Net income for 2017 has decreased by 15% over that for 2015. 
C)Net income for 2017 has decreased by 115% over that for 2015. 
D)Net income for 2017 has increased by 15% over that for 2015.

Quizplus · Accepted Answer

Looking at the trend analysis report, we can see that the net income for Marswell, Inc. has increased from $10 million in 2015 to $11.5 million in 2017, which is an increase of 15%. Therefore, option D is the correct conclusion. Option A and C are incorrect as they show unreasonable high and negative percentages respectively. Option B is also incorrect as it shows a decrease rather than an increase in net income.

The Trend Analysis Report of Marswell,Inc