The trend analysis report of Poplar, Inc. is given below (in millions): Net income Trend percentages 2019 2018 $700 $606 174% 2017 2016 2015 $470 $405 $402 151% 117% 101% 100% Which of the following is a correct conclusion from the above analysis? Net income for 2019 is 174% of net income for 2015. Net income for 2018 is 151% of the previous year. Net income for 2019 increased by 174% from 2018. Net income for 2018 decreased by 151% from 2017.
The trend analysis report of Poplar, Inc. is given below (in millions): Net income Trend percentages 2019 2018 $700 $606 174% 2017 2016 2015 $470 $405 $402 151% 117% 101% 100% Which of the following is a correct conclusion from the above analysis? Net income for 2019 is 174% of net income for 2015. Net income for 2018 is 151% of the previous year. Net income for 2019 increased by 174% from 2018. Net income for 2018 decreased by 151% from 2017.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 54CE
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![The trend analysis report of Poplar, Inc. is given below (in millions):
2019 2018 2017 2016 2015
Net income
Trend percentages
$700 $606 $470 $405 $402
174% 151% 117% 101% 100%
Which of the following is a correct conclusion from the above analysis?
Net income for 2019 is 174% of net income for 2015.
Net income for 2018 is 151% of the previous year.
Net income for 2019 increased by 174% from 2018.
Net income for 2018 decreased by 151% from 2017.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1a3f5175-cab9-481a-be61-23b43d13627e%2F8678ca8f-f3b9-47e7-9be8-0a46db8a6428%2Fz0fe6yo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The trend analysis report of Poplar, Inc. is given below (in millions):
2019 2018 2017 2016 2015
Net income
Trend percentages
$700 $606 $470 $405 $402
174% 151% 117% 101% 100%
Which of the following is a correct conclusion from the above analysis?
Net income for 2019 is 174% of net income for 2015.
Net income for 2018 is 151% of the previous year.
Net income for 2019 increased by 174% from 2018.
Net income for 2018 decreased by 151% from 2017.
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