A company reported $155,000 of income for year 1; $180,000 for year 2; and $200,000 for year 3. The percentage change in net income from year 1 to year 3 is computed as:

Question

Quizplus · Accepted Answer

The percentage change in net income from year 1 to year 3 is computed as:(Net income in year 3 - Net income in year 1) / Net income in year 1= ($200,000 - $155,000) / $155,000= $45,000 / $155,000= 0.2903= 29.03%

A Company Reported $155,000 of Income for Year 1; $180,000