Given the Following By Trend Analysis (Base Year Is 2015), Sales in 2017

question 92

Multiple Choice

Given the following: $$\begin{array} { | c | c | c | c | } \hline & 2015 & 2016 & 2017 \\\hline \text { Sales } & \$ 400,000 & \$ 350,000 & \$ 470,000 \\\hline \text { Gross Profit } & - 100,000 & - 130,000 & - 140,000 \\\hline \text { Net Income } & \$ 300,000 & \$ 220,000 & \$ 230,000 \\\hline\end{array}$$ By trend analysis (base year is 2015) , sales in 2017 to the nearest percent of the base year is:

• A)117%
• B)116%
• C)118%
• D)119%
• E)None of these

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Definitions:

Federal National Mortgage Association

A government-sponsored enterprise (GSE) known as Fannie Mae; it expands the secondary mortgage market by securitizing mortgages in the form of mortgage-backed securities.

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