The trend analysis report of Marswell, Inc. is given below (in millions):2019 20182017 20162015Net income$690$604 $470 $404 $398152% 118% 102% 100%Trend percentages173%Which of the following is a correct conclusion from the above analysis?OA. Net income for 2017 has decreased by 118% over that for 2015.OB. Net income for 2017 has increased by 118% over that for 2015.OC. Net income for 2017 has decreased by 18% over that for 2015.O D. Net income for 2017 has increased by 18% over that for 2015.

The income statement tells about the profitability of the business for the current period. The trend…

The trend analysis report of Marswell, Inc. is given below (in millions): 2019 2018 2017 2016 2015 $690 $604 $470 $404 $398 173% 152% 118% 102% 100% Net income Trend percentages Which of the following is a correct conclusion from the above analysis? DA. Net income for 2017 has decreased by 118% over that for 2015. OB. Net income for 2017 has increased by 118% over that for 2015. OC. Net income for 2017 has decreased by 18% over that for 2015. ODD. Net income for 2017 has increased by 18% over that for 2015.

The trend analysis report of Marswell, Inc. is given below (in millions): 2019 2018 2017 2016 2015 $690 $604 $470 $404 $398 173% 152% 118% 102% 100% Net income Trend percentages Which of the following is a correct conclusion from the above analysis? DA. Net income for 2017 has decreased by 118% over that for 2015. OB. Net income for 2017 has increased by 118% over that for 2015. OC. Net income for 2017 has decreased by 18% over that for 2015. ODD. Net income for 2017 has increased by 18% over that for 2015.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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