The trend percentage for Year 3’s net income is:
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 37E: Sundahl Companys income statements for the past 2 years are as follows: Refer to the information for...
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Benson Company’s net income was $225,000 for Year 1, $243,750 for Year 2, and $293,160 for Year 3. Assume trend percentages for net income over the three-year period are computed, with Year 1 serving as the base year.
The trend percentage for Year 3’s net income is:
Select one:
A. 117.30%
B. 86.36%
C. 120.92%
D. 130.29%
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