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.

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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