Is the company growing? Explain. Be sure to include the percentages you got Annual Net Income Millions of US $ 2022 $-94 2021 $-38 2020 $-36 2019 $52 2018 $-28 $-33 $-28 2017 2016 To calculate growth versus prior years, use this formula: (this year's number minus last year's number)/Last year's number). This will give you the percentage change from the previous year. • From 2016 to 2017: ((-$33 million)-(-$28 million))/(-$28 million)) *100 = 17.86% • From 2017 to 2018: ((-$28 million)-(-$33 million))/(-$33 million) *100 = -15.15% • From 2018 to 2019: (($52 million)-(-$28 million))/(-$28 million) *100= -285.71% • From 2019 to 2020: ((-$36 million)-($52 million))/($52 million) *100= -169.23% From 2020 to 2021: ((-$38 million)-(-$36 million))/(-$36 million) *100= 5.56% ● • From 2021 to 2022: ((-$94 million)-(-$38 million)/(-$38 million) *100= 147.36%

Is the company growing? Explain. Be sure to include the percentages you got Annual Net Income Millions of US $ 2022 $-94 2021 $-38 2020 $-36 2019 $52 2018 $-28 $-33 $-28 2017 2016 To calculate growth versus prior years, use this formula: (this year's number minus last year's number)/Last year's number). This will give you the percentage change from the previous year. • From 2016 to 2017: ((-$33 million)-(-$28 million))/(-$28 million)) 100 = 17.86% • From 2017 to 2018: ((-$28 million)-(-$33 million))/(-$33 million) 100 = -15.15% • From 2018 to 2019: (($52 million)-(-$28 million))/(-$28 million) 100= -285.71% • From 2019 to 2020: ((-$36 million)-($52 million))/($52 million) 100= -169.23% From 2020 to 2021: ((-$38 million)-(-$36 million))/(-$36 million) 100= 5.56% ● • From 2021 to 2022: ((-$94 million)-(-$38 million)/(-$38 million) 100= 147.36%

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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