Z Company's net income is $10,000 one year and $15,000 the following year. Y Company's net income
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Question:
Z Company's net income is $10,000 one year and $15,000 the following year. Y Company's net income is $100,000 one year and $120,000 the following year.
What is the percentage increase from one year to the next for each company?
1. Z Company 50%; Y Company 20%
2. Z Company 50%; Y Company 17%
3. Z Company 33%; Y Company 20%
4. Z Company 67%; Y Company 83%
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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