A company reported the following amounts of net income:
$\begin{array}{|l|r|}
\hline 2011 & \$ 18,000 \
\hline 2012 & \$ 24,000 \
\hline 2013 & \$ 26,000 \
\hline
\end{array}$
-
Which of the following is the percentage change in net income from 2012 to 2013?
A) 2.00%
B) 10.00%
C) 8.33%
D) 7.69%

Question

Quizplus · Accepted Answer

The percentage change in net income from 2012 to 2013 is calculated as follows:Percentage change = (Change in net income / Net income in previous year) x 100= (26,000 - 24,000) / 24,000 x 100= 2,000 / 24,000 x 100= 0.0833 x 100= 8.33%

A Company Reported the Following Amounts of Net Income 2011$18,0002012$24,0002013$26,000\begin{array}{|l|r|}\hline 2011 & \$ 18,000 \\\hline 2012 & \$ 24,000 \\\hline 2013 & \$ 26,000 \\\hline\end{array}201120122013​$18,000$24,000$26,000​​

A Company Reported the Following Amounts of Net Income $\begin{array}{|l|r|}\hline 2011 & \$ 18,000 \\\hline 2012 & \$ 24,000 \\\hline 2013 & \$ 26,000 \\\hline\end{array}$