(a) If Erin Company had net income of $300,000 in 2016 and it experienced a 24.5% increase...

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(a) If Erin Company had net income of $300,000 in 2016 and it experienced a 24.5% increase in net income for 2017, what is its net income for 2017?
(b) If 6 cents of every dollar of Erin's revenue is net income in 2016, what is the dollar amount of 2016 revenue?
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Accounting Tools for Business Decision Making

ISBN: 978-1118096895

6th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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