The trend analysis report of Marshall,Inc.is given below (in millions): $$\begin{array} { | l | r | r | r | r | r |}
\hline & 2018 & 2017 & 2016 & 2015 & 2014 \
\hline \text { Net income } & \$ 680 & \$ 607 & \$ 457 & \$ 405 & \$ 399 \
\hline \text { Trend percentages } & 170 \% & 152 \% & 115 \% & 102 \% & 100 \% \
\hline
\end{array}$$ Which of the following is a correct conclusion from the above analysis?

Question

The trend analysis report of Marshall,Inc.is given below (in millions): $$\begin{array} { | l | r | r | r | r | r |} 
\hline & 2018 & 2017 & 2016 & 2015 & 2014 \
\hline \text { Net income } & \$ 680 & \$ 607 & \$ 457 & \$ 405 & \$ 399 \
\hline \text { Trend percentages } & 170 \% & 152 \% & 115 \% & 102 \% & 100 \% \
\hline
\end{array}$$ Which of the following is a correct conclusion from the above analysis?

Quizplus · Accepted Answer

The net income for 2014 is $10 million and for 2016 is $11.5 million which shows an increase of $1.5 million. To calculate the percentage increase, we use the formula: (Increase/Original amount) x 100. Therefore, (1.5/10) x 100 = 15%. Hence, the correct conclusion is that the net income for 2016 has increased by 15% over that for 2014.

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