The trend analysis report of Poplar,Inc.is given below (in millions): $$\begin{array} { | l | r | r | r | r | r | }
\hline &{ 2019 } & { 2018 } & 2017 &{ 2016 } & 2015 \
\hline \text { Net income } & \$ 700 & \$ 606 & \$ 470 & \$ 405 & \$ 402 \
\hline \text { Trend percentages } & 174 \% & 151 \% & 117 \% & 101 \% & 100 \% \
\hline
\end{array}$$ Which of the following is a correct conclusion from the above analysis?
A) Net income for 2019 is 174% of net income for 2015.
B) Net income for 2018 is 151% of the previous year.
C) Net income for 2018 decreased by 151% from 2017.
D) Net income for 2019 increased by 174% from 2018.

Question

The trend analysis report of Poplar,Inc.is given below (in millions): $$\begin{array} { | l | r | r | r | r | r | } 
\hline &{ 2019 } &  { 2018 } & 2017 &{ 2016 } & 2015 \
\hline \text { Net income } & \$ 700 & \$ 606 & \$ 470 & \$ 405 & \$ 402 \
\hline \text { Trend percentages } & 174 \% & 151 \% & 117 \% & 101 \% & 100 \% \
\hline
\end{array}$$ Which of the following is a correct conclusion from the above analysis?
A) Net income for 2019 is 174% of net income for 2015.
B) Net income for 2018 is 151% of the previous year.
C) Net income for 2018 decreased by 151% from 2017.
D) Net income for 2019 increased by 174% from 2018.

Quizplus · Accepted Answer

The trend percentages are calculated with 2015 as the base year (100%). For 2019, the trend percentage is 174%, indicating that the net income for 2019 is 174% of the net income for the base year, 2015.

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