The trend analysis report of Poplar, Inc. is given below (in millions): $$\begin{array} { | l | r | r | r | r | r |}
\hline & 2019 & 2018 & 2017 & 2016 & 2015 \
\hline \text { Net income } & \$ 700 & \$ 606 & \$ 459 & \$ 406 & \$ 400 \
\hline \text { Trend percentages } & 175 \% & 152 \% & 115 \% & 102 \% & 100 \% \
\hline
\end{array}$$ Which of the following is a correct conclusion from the above analysis?
A) Net income for 2019 is 175% of net income for 2015.
B) Net income for 2018 is 152% of the previous year.
C) Net income for 2018 decreased by 152% from 2017.
D) Net income for 2019 increased by 175% from 2018.

Question

The trend analysis report of Poplar, Inc. is given below (in millions): $$\begin{array} { | l | r | r | r | r | r |} 
\hline & 2019 & 2018 & 2017 & 2016 & 2015 \
\hline \text { Net income } & \$ 700 & \$ 606 & \$ 459 & \$ 406 & \$ 400 \
\hline \text { Trend percentages } & 175 \% & 152 \% & 115 \% & 102 \% & 100 \% \
\hline
\end{array}$$ Which of the following is a correct conclusion from the above analysis?
A) Net income for 2019 is 175% of net income for 2015.
B) Net income for 2018 is 152% of the previous year.
C) Net income for 2018 decreased by 152% from 2017.
D) Net income for 2019 increased by 175% from 2018.

Quizplus · Accepted Answer

The trend percentages are calculated with 2015 as the base year (100%). The net income for 2019 being 175% indicates it is 175% of the net income for 2015, not an increase from 2018.

The Trend Analysis Report of Poplar, Inc Which of the Following Is a Correct Conclusion from the (In