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If Neer Company had a net income of $300,000 in 2013 and it experienced a 24.5% increase in net income for 2014, what is its net income for 2014?

If Neer Company had a net income of $300,000 in 2013 and it experienced a 24.5% increase in net income for 2014, what is its net income for 2014?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 1P
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If Neer Company had a net income of $300,000 in 2013 and it experienced a 24.5% increase in net income for 2014, what is its net income for 2014?
Transcribed Image Text:If Neer Company had a net income of $300,000 in 2013 and it experienced a 24.5% increase in net income for 2014, what is its net income for 2014?
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