a. If Erin Company had net income of $300,000 in 2021 and it experienced a 24.5% increase

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a. If Erin Company had net income of $300,000 in 2021 and it experienced a 24.5% increase in net income for 2022, what is its net income for 2022?

b. If 6 cents of every dollar of Erin’s revenue is net income in 2021, what is the dollar amount of 2021 revenue?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

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

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Question Posted: Jul 12, 2019 01:31 PM

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a. If Erin Company had net income of $300,000 in 2021 and it experienced a 24.5% increase

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Financial Accounting Tools for Business Decision Making

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