The revenues of a company increased by 31% in one year and decreased by 27% in year two. What is the overall change over the two-year period?

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
Section: Chapter Questions
Problem 3DQ
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The revenues of a company increased by 31% in one year and decreased by 27% in year two. What is the overall change over the two-year period?

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