A firm reported income of P100,000, P120,000 and P130,000 for years ended December 31, 2019, 2020 and 2021 respectively. The change in net income from the last two recent years must be nearest to A. 7.7% C. 8.3% B. 8.0% D. 10.0%
A firm reported income of P100,000, P120,000 and P130,000 for years ended December 31, 2019, 2020 and 2021 respectively. The change in net income from the last two recent years must be nearest to A. 7.7% C. 8.3% B. 8.0% D. 10.0%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:A firm reported income of P100,000, P120,000 and
P130,000 for years ended December 31, 2019, 2020
and 2021 respectively. The change in net income from
the last two recent years must be nearest to
A. 7.7%
C. 8.3%
B. 8.0%
D. 10.0%
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