Current Attempt in Progress Net income was $490,000 in 2020, $431,200 in 2021, and $513,128 in 2022. What is the percentage of change (a) from 2020 to 2021, and (b) from 2021 to 2022? Is the change an increase or a decrease? (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheseseg. (45). Round percentages to 1 decimal place, e.g. 12.3%.) Increase or (Decrease) Amount Percentage (a) 2020-2021 (b) 2021-2022
Current Attempt in Progress Net income was $490,000 in 2020, $431,200 in 2021, and $513,128 in 2022. What is the percentage of change (a) from 2020 to 2021, and (b) from 2021 to 2022? Is the change an increase or a decrease? (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheseseg. (45). Round percentages to 1 decimal place, e.g. 12.3%.) Increase or (Decrease) Amount Percentage (a) 2020-2021 (b) 2021-2022
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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