The trend analysis report of Doppler Inc. is given below: $$\begin{array} { | l | r | r | r | r | r | }
\hline \text { In millions) } & 2017 & 2016 & 2015 & 2014 & 2013 \
\hline \text { Net income } & \$ 650 & \$ 602 & \$ 456 & \$ 403 & \$ 398 \
\hline \text { Trend percentages } & 163 & 151 & 115 & 101 & 100 \
\hline
\end{array}$$ Which of the following is a correct conclusion from the above analysis?
A) Net income for the year 2015 has increased by 115% over that for the year 2013.
B) Net income for the year 2015 has decreased by 15% over that for the year 2013.
C) Net income for the year 2015 has decreased by 115% over that for the year 2013
D) Net income for the year 2015 has increased by 15% over that for the year 2013.

Question

The trend analysis report of Doppler Inc. is given below: $$\begin{array} { | l | r | r | r | r | r | } 
\hline \text { In millions) } & 2017 & 2016 & 2015 & 2014 & 2013 \
\hline \text { Net income } & \$ 650 & \$ 602 & \$ 456 & \$ 403 & \$ 398 \
\hline \text { Trend percentages } & 163 & 151 & 115 & 101 & 100 \
\hline
\end{array}$$ Which of the following is a correct conclusion from the above analysis?
A) Net income for the year 2015 has increased by 115% over that for the year 2013.
B) Net income for the year 2015 has decreased by 15% over that for the year 2013.
C) Net income for the year 2015 has decreased by 115% over that for the year 2013
D) Net income for the year 2015 has increased by 15% over that for the year 2013.

Quizplus · Accepted Answer

The trend percentage for 2015 compared to 2013 is 115%, which means there was a 15% increase in net income from 2013 to 2015. Option A incorrectly states that there was an increase of 115% and option C states a decrease of 115%, which is not possible. Option B states a decrease of 15%, which is also not correct. Therefore, the correct option is D - Net income for the year 2015 has increased by 15% over that for the year 2013.

The Trend Analysis Report of Doppler Inc Which of the Following Is a Correct Conclusion from the \begin{array}