The trend analysis report of Marswell, Inc. is given below (in millions): $$\begin{array} { | l | r | r | r | r | r| }
\hline & 2019 & 2018 & 2017 & 2016 & 2015 \
\hline \text { Net income } & \$ 700 & \$ 605 & \$ 456 & \$ 407 & \$ 400 \
\hline \text { Trend percentages } & 175 \% & 151 \% & 114 \% & 102 \% & 100 \% \
\hline
\end{array}$$ Which of the following is a correct conclusion from the above analysis?

Question

The trend analysis report of Marswell, Inc. is given below (in millions): $$\begin{array} { | l | r | r | r | r | r| } 
\hline & 2019 & 2018 & 2017 & 2016 & 2015 \
\hline \text { Net income } & \$ 700 & \$ 605 & \$ 456 & \$ 407 & \$ 400 \
\hline \text { Trend percentages } & 175 \% & 151 \% & 114 \% & 102 \% & 100 \% \
\hline
\end{array}$$ Which of the following is a correct conclusion from the above analysis?

Quizplus · Accepted Answer

The net income for 2015 was $28 million and for 2017 it was $32 million.

To calculate the percentage change in net income:
% change = ((final value-initial value)/initial value) x 100

So, the % change in net income from 2015 to 2017 is:
((32-28)/28) x 100 = 14.28%

Therefore, the correct conclusion is that net income for 2017 has increased by 14% over that for 2015. Option D is the correct answer.

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