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Net income was $520,000 in 2018, $431,600 in 2019, and $513,604 in 2020. What is the percentage of change from (a) 2018 to 20

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Solution

Increase or (Decrease)
Amount Percentage
(a) 2018-2019 $ (88,400.00) -17.0%
(b) 2019-2020 $   82,004.00 19.0%

Working

Increase or (Decrease)
Amount Percentage
(a) 2018-2019 =431600-520000 =88400/520000
(b) 2019-2020 =513604-431600 =82004/431600
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