If Parthenon Company had net income of $540,000 in 2011 and it experienced a 20% increase in net income over 2010, what was its 2010 net income?

Name: If Parthenon Company had net income of $540,000 in 2011 and it experienced a 20% increase in net income over 2010, what was its 2010 net income?
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The Answer of If Parthenon Company had net income of $540,000 in 2011 and it experienced a 20% increase in net income over 2010, what was its 2010 net income?

If Parthenon Company Had Net Income of $540,000 in 2011