The trend analysis report of Doppler Inc.is given below:
-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:  
-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

Looking at the Trend Analysis Report of Doppler Inc, we can see that the net income for the year 2013 was $400,000 while the net income for the year 2015 is $460,000. Therefore, the net income for the year 2015 has increased by ($460,000 - $400,000)/$400,000 = 0.15 or 15% over that for the year 2013. Therefore, the correct conclusion is that the net income for the year 2015 has increased by 15% over that for the year 2013, which is option D.

The Trend Analysis Report of Doppler Inc