A company reported the following amounts of net income: $$\begin{array} { | l | l | }
\hline \text { Year 1 } & \$ 112,000 \
\hline \text { Year 2 } & \$ 151,200 \
\hline \text { Year 3 } & \$ 181,440 \
\hline
\end{array}$$
- Which of the following is the percentage change from Year 2 to Year 3?
A)62.00%
B)20.00%
C)120.00%
D)35.00%

Question

A company reported the following amounts of net income: $$\begin{array} { | l | l | } 
\hline \text { Year 1 } & \$ 112,000 \
\hline \text { Year 2 } & \$ 151,200 \
\hline \text { Year 3 } & \$ 181,440 \
\hline
\end{array}$$
- Which of the following is the percentage change from Year 2 to Year 3?
A)62.00%
B)20.00%
C)120.00%
D)35.00%

Quizplus · Accepted Answer

The percentage change from Year 2 to Year 3 is calculated as $(181,440 - 151,200) / 151,200 \times 100\% = 20.00\%$.

A Company Reported the Following Amounts of Net Income - Which of the Following Is the Percentage Change from