Given the following:
Sales
Gross Profit
Net Income
2015
$400,000
-100, 000
$300,000
2016
$350,000
-130,000
$220,000
2017
$470,000
-140,000
$330,000
By trend analysis (base year is 2015), sales in 2017 to the nearest percent of the base year is:
117%
116%
118%
119%
None of these
