Question: Brief Exercise 13-6 Your answer is partially correct. Try again. Net income was $501,000 in 2015, $471,000 in 2016, and $519,000 in 2017. What is
Brief Exercise 13-6
| Your answer is partially correct. Try again. | |
Net income was $501,000 in 2015, $471,000 in 2016, and $519,000 in 2017. What is the percentage of change from (a) 2015 to 2016, and (b) from 2016 to 2017? Is the change an increase or a decrease? (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.)
| Amount | Percentage | |||||||||
| (a) | 20152016 | $ -30000 | ? | % | DecreaseIncrease | |||||
| (b) | 20162017 | $ 48000 | ? | % | DecreaseIncrease | |||||
| Click if you would like to Show Work for this question: | Open Show Work |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
