A company reported $65,000 of income for year 1; $70,000 for year 2; and $80,000 for year 3. The percentage change in net income from year 2 to year 3 is:

Question

Quizplus · Accepted Answer

The percentage change in net income from year 2 to year 3 is calculated as follows:Percentage change = (Change in net income / Net income in year 2) * 100= (($80,000 - $70,000) / $70,000) * 100= (10,000 / 70,000) * 100= 14.29%

A Company Reported $65,000 of Income for Year 1; $70,000