Flaherty Corporation Used Data for 3 Years to Perform a Trend

Multiple Choice

Flaherty Corporation used data for 3 years to perform a trend analysis of its operating expenses, which were $54,305 in Year 1; $63,421 in Year 2 and $70,340 in Year 3. Using Year 1 as the base year, the operating expense trend percent (rounded to the nearest whole percent) for Year 2 is:

A) 100%.
B) 111%.
C) 117%.
D) 130%.
E) 86%.