For the last two years BRC Company had net income as follows: What was the percentage change in income from Year 1 to Year 2?
A) 20% increase
B) 20% decrease
C) 25% increase
D) 25% decrease

Name: For the last two years BRC Company had net income as follows: What was the percentage change in income from Year 1 to Year 2? A) 20% increase B) 20% decrease C) 25% increase D) 25% decrease
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Question

For the last two years BRC Company had net income as follows:  What was the percentage change in income from Year 1 to Year 2?
A) 20% increase 
B) 20% decrease 
C) 25% increase 
D) 25% decrease

Quizplus · Accepted Answer

% change = (Alternative measure - Base measure) ÷ Base measure
% change = ($200,000 − $160,000) ÷ $160,000 = 25%

For the Last Two Years BRC Company Had Net Income