A company reported the following amounts of net income:
$\begin{array}{|l|r|}
\hline 2011 & \$ 18,000 \
\hline 2012 & \$ 24,000 \
\hline 2013 & \$ 26,000 \
\hline
\end{array}$
-
Which of the following is the percentage change in net income from 2011 to 2012?
A) 33.33%
B) 8.33%
C) 10.00%
D) 30.00%

Question

Quizplus · Accepted Answer

The percentage change in net income from 2011 to 2012 is calculated as $\frac{\$24,000 - \$18,000}{\$18,000} \times 100\% = 33.33\%$.

A Company Reported the Following Amounts of Net Income 2011$18,0002012$24,0002013$26,000\begin{array}{|l|r|}\hline 2011 & \$ 18,000 \\\hline 2012 & \$ 24,000 \\\hline 2013 & \$ 26,000 \\\hline\end{array}201120122013​$18,000$24,000$26,000​​

A Company Reported the Following Amounts of Net Income $\begin{array}{|l|r|}\hline 2011 & \$ 18,000 \\\hline 2012 & \$ 24,000 \\\hline 2013 & \$ 26,000 \\\hline\end{array}$