Need correct answer general Accounting Marathon Corporation had a net income of $742,500 in2023, which represented a 15% increase from its net incomein 2022. What was Marathon Corporation's net income in2022?Options:a. $645,652b. $645,000c. $646,087d. $644,852

Step 1: Define Prior Year Net Income CalculationTo determine the net income of Marathon Corporation…

Answered: Marathon Corporation had a net income…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 12P

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which option is correct
Hello, just need help on net income and return on equity
How is this wrong?
Use the table for the question(s) below Name Gannet New York Times McClatchy Media General 326 Lee Enterprises Average Maximum Minimum OA $6.52 OB $7.00 Market Enterprise Capitalization Value (5 million) 6350 2423 675 OC. $7.00 OD 17 24 267 1192 (5 million) 10,163 3472 3061 1724 14.89 Price/ Book PIE 7.36 0.73 18.09 2.64 9.76 1.68 0.39 6.55 0.82 11.33 1.25 +60% 112% -40% 69% Enterprise 1.31 Valuel Sales 1.4 1.10 1.40 1.57 1.35 +16% -18% Enterprise 7.65 Value/ EBITDA The table above shows the stock prices and multiples for a number of firms in the newspaper publishing industry. Another newspaper publishing firm (not shown) had sales of $600 million, EBITDA of $84 million, excess cash of $70 million, $11 milion of debt, and 120 million shares outstanding. If the average enterprise value to sales for comparable businesses is used, which of the following is the best estimate of the firm's share price? CIED 5.04 7.21 5.64 6.65 6.44 +22% -19%

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Marathon Corporation had a net income of $742,500 in 2023, which represented a 15% increase from its net income in 2022. What was Marathon Corporation's net income in 2022? Options: a. $645,652 b. $645,000 c. $646,087 d. $644,852