(a) If Leonard Company had net income of $360,000 in 2010 and it experienced a 24.5% increase...

Question:

(a) If Leonard Company had net income of $360,000 in 2010 and it experienced a 24.5% increase in net income for 2011, what is its net income for 2011?
(b) If six cents of every dollar of Leonard revenue is net income in 2010, what is the dollar amount of 2010 revenue?