4. (a) If Leonard Company had net income of $360,000 in 2008 and it experienced a 24.5%...

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(a) If Leonard Company had net income of $360,000 in 2008 and it experienced a 24.5% increase in net in¬

come for 2009, what is its net income for 2009?

(b) If six cents of every dollar of Leonard revenue is net income in 2008, what is the dollar amount of 2008 revenue?

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Financial Accounting

ISBN: 9780470128848

6th Edition

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

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Question Posted: Aug 30, 2024 09:03 AM

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4. (a) If Leonard Company had net income of $360,000 in 2008 and it experienced a 24.5%...

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Financial Accounting

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