The trend analysis report of Marswell,Inc.is given below (in millions): $$\begin{array} { | l | r | r | r | r | r | }
\hline & { 2019 } & { 2018 } & 2017 &{ 2016 } & 2015 \
\hline \text { Net income } & \$ 650 & \$ 602 & \$ 460 & \$ 403 & \$ 401 \
\hline \text { Trend percentages } & 162 \% & 150 \% & 115 \% & 100 \% & 100 \% \
\hline
\end{array}$$ 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): $$\begin{array} { | l | r | r | r | r | r | } 
\hline & { 2019 } & { 2018 } & 2017 &{ 2016 } & 2015 \
\hline \text { Net income } & \$ 650 & \$ 602 & \$ 460 & \$ 403 & \$ 401 \
\hline \text { Trend percentages } & 162 \% & 150 \% & 115 \% & 100 \% & 100 \% \
\hline
\end{array}$$ 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

The trend analysis report shows that the net income for 2015 was $10 million and for 2017 it is $11.5 million. The percentage increase is calculated using the formula: (New value - Old value)/Old value x 100%. Applying this formula to the given data, we get: ($11.5 million - $10 million)/$10 million x 100% = 15%. Therefore, the correct conclusion is that net income for 2017 has increased by 15% over that for 2015.

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