The trend percentage for Year 3’s net income is:

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter15: Financial Statement Analysis
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Problem 37E: Sundahl Companys income statements for the past 2 years are as follows: Refer to the information for...
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Benson Company’s net income was $225,000 for Year 1, $243,750 for Year 2, and $293,160 for Year 3. Assume trend percentages for net income over the three-year period are computed, with Year 1 serving as the base year.

The trend percentage for Year 3’s net income is:

Select one:

A. 117.30%

B. 86.36%

C. 120.92%

D. 130.29%

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