11 of 20 1000 points TB 1303 Net income was 364000 in 2010 a

11 (of 20) 10.00 points TB 13-03 Net income was $364,000 in 2010 and $418,600 in 20. Net Income was $364,000 in 2010 and $418,600 In 2011. The year to-yeaf percent change in net income ls: 013% O $54.600 o 15% References Difficulty Medium TB 13-03 Net income was $364,000 In 2010 and $418,600 in 20..

Solution

Answer d. 15% Change in net Income = $418,600 (Net Income - 2011) - $364,000 (Net Income - 2010) Change in net Income = $54,600 Percent change in Net Income = $54,600 / $364,000 Percent change in Net Income = 15%