Sales are 2.42 million in 2023, 2.52 million in 2024, and 2.32 million in 2025. What is the percentage change from 2023 to 2024? What is the change from 2024 to 2025? Be sure to clarify if the change is an increase or decrease

Sales are 2.42 million in 2023, 2.52 million in 2024, and 2.32 million in 2025. What is the percentage change from 2023 to 2024? What is the change from 2024 to 2025? Be sure to clarify if the change is an increase or decrease

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Sales are $2.42 million in 2023, $2.52 million in 2024, and $2.32 million in 2025.
What is the percentage change from 2023 to 2024? What is the percentage change from 2024 to 2025? Be sure to indicate whether
the percentage change is an increase or a decrease. (Round your answers to 1 decimal place.)
2023 to 2024
2024 to 2025
Percentage
Change
%
%
Increase or Decrease

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