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Current Attempt in Progress Net income was $520,000 in 2018, $452,400 in 2019, and $515,736 in 2020. What is the percentage o
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Answer #1
Amount percentage
a.2018-2019 -67,600 -13%
b. 2019-2020 63,336 14%

working;

Net income change for 2018 - 2019 =>452,400-520,000 =>-67,600.

percentage = (change in income) / income of 2018 *100

=>-67,600 /520,000*100

=>-13%.

b.net income change for 2019-2020=>$515,736 - 452,400

=>$63,336.

percentage = change in income / income of 2019*100

=>$63,336 / 452,400 *100

=>14%

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