(a) If Fassi Company had net income of $300,000 in 2009 and it experienced a 24.5% increase...

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(a) If Fassi Company had net income of $300,000 in 2009 and it experienced a 24.5% increase in net income for 2010, what is its net income for 2010?
(b) If 6 cents of every dollar of Fassi’s revenue is net income in 2009, what is the dollar amount of 2009 revenue?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-0470239803

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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