Question

What percent of revenue does net income represent for each year?

Total Revenue

2017 = 60,319,000

2016 = 50,365,000

2015 = 47,453,000

Net Income

2017 = 2,997,000

2016 = 1,820,000

2015 = 1,050,000

Answer 1

Net income as a percent of revenue

For 2017;

Net income as a percent of revenue

Net income as a percent of revenue = 4.9686%

For 2016;

Net income as a percent of revenue

Net income as a percent of revenue =3.6136%

For 2015;

Net income as a percent of revenue

Net income as a percent of revenue =2.2127%