Family Case Information Statement (CIS)

Net Income for 1996 was $ 400,000 and Net Income for 1997 was $ 420,000. The percentage change in Net Income is: 1%. 3%. 5%. 10%. Answer = c: The percentage increase in net income is 5%. Simply divide the incremental change of $ 20,000 ($ 420,000 - $ 400,000) by the base period amount of $ 400,000. Course 2 – Financial Planning and ... ................
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