(a) If Lind Company had net income of $300,000 in 2011 and it experienced a 24.5% increase...

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(a) If Lind Company had net income of $300,000 in 2011 and it experienced a 24.5% increase in net income for 2012, what is its net income for 2012?
(b) If 6 cents of every dollar of Lind’s revenue is net income in 2011, what is the dollar amount of 2011 revenue?

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Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

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

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