(a) If Peoples Company had net income of $390,000 in 2015 and it experienced a 24.5% increase...

Question:

(a) If Peoples Company had net income of $390,000 in 2015 and it experienced a 24.5% increase in net income for 2016, what is its net income for 2016?
(b) If six cents of every dollar of Peoples' revenue is net income in 2015, what is the dollar amount of 2015 revenue?