2. A firm's net profit margin increased from 3.2% to 3.8% from 2014 to 2015. If...

Transcribed Image Text:

2. A firm's net profit margin increased from 3.2% to 3.8% from 2014 to 2015. If total sales increased from $312 million in 2014 to $345 million in 2015, what was the increase in net income? 2. A firm's net profit margin increased from 3.2% to 3.8% from 2014 to 2015. If total sales increased from $312 million in 2014 to $345 million in 2015, what was the increase in net income?

Answer rating: 100% (QA)

To find the increase in net income we first need to calculate the net income for both 2... View the full answer