Eaton Corporation had net income of $6,000,000 in 2010.Using 2010 as the base year,net income decreased by 70 percent in 2011 and increased by 140 percent in 2012.
Required: Compute the net income reported by Eaton Corporation for 2011 and 2012.

Question

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The Answer of Eaton Corporation had net income of $6,000,000 in 2010.Using 2010 as the base year,net income decreased by 70 percent in 2011 and increased by 140 percent in 2012.
Required: Compute the net income reported by Eaton Corporation for 2011 and 2012.

Eaton Corporation Had Net Income of $6,000,000 in 2010