Apollo Corp. reported the following revenue amounts: (In millions) 20X5 20X4 Revenue $8,700 $8,400 105% Using the information above, Apollo's trend analysis for revenues with base year 20X2 will show for 20X5 (rounded to the nearest whole percent). O 124% O 110 % O 107% 20X3 $7,500 128% 20x2 $6,800

Survey of Accounting (Accounting I)
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ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.1MBA
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A7

Apollo Corp. reported the following revenue amounts:
(In millions)
20X4
20X3
Revenue
$8,400 $7,500
105%
Using the information above, Apollo's trend analysis for revenues with base year 20X2 will show
for 20X5 (rounded to the nearest whole percent).
124%
O 110 %
107%
20X5
$8,700
128%
20X2
$6,800
Transcribed Image Text:Apollo Corp. reported the following revenue amounts: (In millions) 20X4 20X3 Revenue $8,400 $7,500 105% Using the information above, Apollo's trend analysis for revenues with base year 20X2 will show for 20X5 (rounded to the nearest whole percent). 124% O 110 % 107% 20X5 $8,700 128% 20X2 $6,800
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