company's net income for this year is $56,000 which is a 12% increase from last year. Find last year's net income

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
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company's net income for this year is $56,000 which is a 12% increase from last year. Find last year's net income

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