The trend analysis report of Doremon Ltd is given below: (in millions) 2020 2019 2018 2017 2016 Profit $670 $602 $460 $407 $402 Trend Analysis percentages 167%150%114%101%100% Which of the following is a correct conclusion from the above analysis? Select one: O a. Profit for the year 2018 has decreased by 14% over that for the yeal 2016. O b. Profit for the year 2018 has decreased by 114% over that for the yea 2016. O c. Profit for the year 2018 has increased by 14% over that for the year 2016. O d. Profit for the year 2018 has increased by 114% over that for the yea 2016.
The trend analysis report of Doremon Ltd is given below: (in millions) 2020 2019 2018 2017 2016 Profit $670 $602 $460 $407 $402 Trend Analysis percentages 167%150%114%101%100% Which of the following is a correct conclusion from the above analysis? Select one: O a. Profit for the year 2018 has decreased by 14% over that for the yeal 2016. O b. Profit for the year 2018 has decreased by 114% over that for the yea 2016. O c. Profit for the year 2018 has increased by 14% over that for the year 2016. O d. Profit for the year 2018 has increased by 114% over that for the yea 2016.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The trend analysis report of Doremon Ltd is given below:
(in millions)
2020 2019 2018 2017 2016
Profit
$670 $602 $460 $407 $402
Trend Analysis
percentages
167%150%114%101%100%
Which of the following is a correct conclusion from the above analysis?
Select one:
O a. Profit for the year 2018 has decreased by 14% over that for the year
2016.
O b. Profit for the year 2018 has decreased by 114% over that for the year
2016.
O c. Profit for the year 2018 has increased by 14% over that for the year
2016.
O d. Profit for the year 2018 has increased by 114% over that for the year
2016.
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