A company reported the following amounts of net income: Year 1 $120,960 Year 2 $151,200 Year...
A company reported the following amounts of net
income:
| Year 1 | $120,960 |
| Year 2 | $151,200 |
| Year 3 | $187,488 |
Which of the following is the percentage change from Year 1 to Year
2?
Group of answer choices
124.00%
55.00%
24.00%
25.00%
Homework Answers
% change from Year 1 to Year 2=(Net income for year 2-Net income for year 1)/Net income for year 1
=(151200-120960)/120960
which is equal to
=25.00%
Add Answer to:
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