From the following data, find the 2013 Net Income index number. (Round to nearest tenth percent) $$\begin{array}{l}
\text { The Fun Corporation-5-Year Selected Financial Data }\
\begin{array} { | l | l | l | l | l | l | }
\hline & 2015 & 2014 & 2013 & 2012 & 2011 \
\hline \text { Net Sales } & 305,860 & 318,600 & 306,350 & 297,430 & 291,600 \
\hline \text { Net Income } & 626,600 & 620,400 & 681,760 & 710,170 & 717,340 \
\hline \text { Total Assets } & 386,150 & 386,150 & 354,270 & 357,850 & 344,090 \
\hline
\end{array}
\end{array}$$
A) 95.0%
B) 86.2%
C) 35.4%
D) 23.9%

Question

From the following data, find the 2013 Net Income index number. (Round to nearest tenth percent) $$\begin{array}{l}
\text { The Fun Corporation-5-Year Selected Financial Data }\
\begin{array} { | l | l | l | l | l | l | } 
\hline & 2015 & 2014 & 2013 & 2012 & 2011 \
\hline \text { Net Sales } & 305,860 & 318,600 & 306,350 & 297,430 & 291,600 \
\hline \text { Net Income } & 626,600 & 620,400 & 681,760 & 710,170 & 717,340 \
\hline \text { Total Assets } & 386,150 & 386,150 & 354,270 & 357,850 & 344,090 \
\hline
\end{array}
\end{array}$$
A) 95.0%
B) 86.2%
C) 35.4%
D) 23.9%

Quizplus · Accepted Answer

The Net Income index number for 2013 is calculated as follows:Net Income index number for 2013 = (Net Income for 2013 / Net Income for 2011) x 100= (681,760 / 717,340) x 100= 0.950 x 100= 95.0%

From the Following Data, Find the 2013 Net Income Index