Net income was P500,000 in 2011, P450,000 in 2012, and P522,000 in 2013. What is the percentage of change from (a) 2011 to 2012 and (b) 2012 to 2013? Is the change an increase or decrease?
Net income was P500,000 in 2011, P450,000 in 2012, and P522,000 in 2013. What is the percentage of change from (a) 2011 to 2012 and (b) 2012 to 2013? Is the change an increase or decrease?
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 1P
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Net income was P500,000 in 2011, P450,000 in 2012, and P522,000 in 2013. What is the percentage of change from (a) 2011 to 2012 and (b) 2012 to 2013? Is the change an increase or decrease?
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