https Brief Exercise 136 Net income was 511000 in 2015 47450

https Brief Exercise 13-6 Net income was $511,000 in 2015, $474,500 in 2016, and 1539,000 in 2017, what is the percentage of change increase or a decrease? (ir percentage are from (a) 2015 to 2016, and () rom 2016 to 2017 is the change an If amount and percentage are a decrmase show the numbers as 12 decimal places, e.g. %) (a) 2015-2016 b) 2016-2017 Click i you would like to show Work for this question: W Question Attempts: 0 of 3 used A L UENET ANSR 0

Solution

(a). 2015- 2016 =

Calculate percentage change
from V₁ = 511000 to V₂ = 474500

(V2V1)/V1 × 100

=(474500511000)/511000×100

=36500/511000×100

=0.0714286×100

=7.14286%change

=7.14286%decrease

(b). 2016-2017 =

Calculate percentage change
from V₁ = 474500 to V₂ = 539000

(V2V1)/V1 × 100

(539000474500)/474500 ×100

=64500/474500×100

=0.135933×100

=13.5933%change

=13.5933%increase