A company reported the following amounts of net income: Which of the following is the percentage change in net income from 2012 to 2013?

Question

A company reported the following amounts of net income:  Which of the following is the percentage change in net income from 2012 to 2013?

Quizplus · Accepted Answer

To calculate the percentage change in net income from 2012 to 2013, we need to use the following formula:

Percentage change = [(new value - old value) / old value] x 100%

Using the amounts of net income provided in the question, we can calculate the percentage change as follows:

Percentage change = [(12,000 - 11,070) / 11,070] x 100% = 8.33%

Therefore, the correct answer is C) 8.33%.

A Company Reported the Following Amounts of Net Income