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Exeter Corporation had net income of $3,000,000 in 2016. Using 2016 as the base year, net income decreased by 40% in 2017 and

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Answer #1
2017 2018
Net Income $1800000 $3300000

2017 = $3000000 * 60% = $1800000

2018 = $3000000 * 110% = $3300000

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